Table of ContentsIntroductionOverview of Wal-MartBusiness Strategy of Wal-MartCorporate Social Responsibility of Wal-MartEconomic and Social Impact of Wal-MartAnticompetitive Practices and Criticisms of Wal-MartWal-Mart and CompanyConclusionReferencesIntroductionWal-Mart, the world's largest retailer, is a controversial player in the retail industry. Although it has been praised for its low prices and operational efficiency, it has also been criticized for its labor practices, business tactics and its impact on small businesses and local communities. In this essay, we will examine key aspects of Wal-Mart's business strategy, corporate social responsibility, economic and social impact, anti-competitive practices and influence on society. Through a critical examination of these areas, we will evaluate the overall effectiveness and impact of Wal-Mart as a company. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay Overview of Wal-MartWal-Mart was founded in 1962 in Rogers, Arkansas, by Sam Walton. Since then, the company has grown into a retail giant with more than 11,000 stores worldwide and employing 2.2 million people. Wal-Mart's operations include retail stores, e-commerce, grocery stores and membership clubs. The company is known for its everyday low prices and high operational efficiency, which have contributed to its success in the retail industry.Wal-Mart's Business StrategyWal-Mart's business strategy centers on a leadership approach at low cost. This strategy involves providing customers with the lowest possible prices through cost-saving measures such as effective supply chain management, inventory control and labor efficiency. Wal-Mart also focuses on its operational efficiency by using advanced technology and data analytics to improve its processes. This helps the company improve its supply chain operations, reduce waste and increase profitability. Wal-Mart's Corporate Social ResponsibilityCorporate social responsibility (CSR) is an integral part of Wal-Mart's corporate strategy. The company has implemented various initiatives and programs to improve its social and environmental impact. For example, it has committed to sourcing 100% of its energy from renewable sources, reducing greenhouse gas emissions, and increasing employee benefits and development opportunities. The Economic and Social Impact of Wal-MartWal-Mart has been both praised and criticized for its economic and social impact. social impact. On the positive side, it is credited with creating jobs, lowering prices and stimulating economic growth. On the negative side, he has been criticized for driving small businesses out of business, contributing to income inequality, and underpaying and mistreating his employees. Anticompetitive Practices and Criticisms of Wal-MartWal-Mart has faced allegations of anticompetitive practices, particularly in the supply chain and manufacturing sector. The company has been accused of using its size and market power to pressure suppliers to lower prices and cut corners on labor and environmental standards. Additionally, Wal-Mart has been criticized for its labor practices, including low wages, limited benefits, and anti-union policies. Wal-Mart and the companyWal-Mart.-01-2019-0001