Organizational Analysis of WalMart Store Inc

Organizational Analysis of WalMart Store Inc Introduction and brief overview of Wal-Mart store Inc. Wal-Mart store Inc. is not only the retail giant, but also is the largest grocery chain in the world. Wal-Mart store Inc. was founded in 1962. Samuel Walton and his brother J.L. Walton open their first Wal-Mart Discount City in Rogers, Arkansas (Wal-Mart History, 2010). For Wal-Mart store Inc., their common mission is: Save people money so they can live better (Wal-Mart corporate, 2010). Compared with their main competitors such as Target and K mart, Wal-Marts 2009 sales were almost 50% more. Because of its giant size and buying power, Wal-Mart can buy its products at very low prices, exchanging high purchase volumes for low cost then passing the savings onto its customers (Wikinvest Wal-Mart, 2010). Wal-Mart has 8,900 stores around the world in three different business segments of retail stores that including: Wal-Mart stores, Sams Club and Wal-Mart international. All of them offer different kinds of merchandises including electronic appliances, groceries, furniture, apparel and health beauty stuffs etc. For their business segment, they have over 54% of the companys stores are located in the United States, and the others international stores are mainly located in central and south America and China. The company mainly focuses on offering the lowest prices to attract its consumers. Wal-Mart totally earned $408 billion revenue in 2010, increase 1% compare to 2009 (Wikinvest Wal-Mart, 2010). REVENUE BY GEOGRAPHY  Ã‚  Ã‚   (USD) Annual FISCAL YEAR ENDING 31-1-2006 31-1-2007 31-1-2008 31-1- 2009 31-1-2010 Revenue International 59.2B 77.1B 90.6B 98.6B Revenue US 284B 303B Total Revenue 316B 349B 379B 406B 408B (Source: www.wikinvest.com/stock/Wal Mart_%28WMT%29/Data/Key_Metrics#Revenue_Breakdown) In 2009, Wal-Mart earned $255.7 billion in the domestic segment of the companys revenue. For Wal-Mart stores segment are further categories into three different formats including: Supercenters, Discount stores and Neighborhood Stores. For the Sams club, it is the second largest membership-only retailer club ( Costco is the first largest membership-only retailer) in United States belong to Wal-Mart Inc., their main customers mostly are offices, convenience stores, motels, restaurants and schools etc. (Wikinvest Wal-Mart, 2010). For now, Wal-Mart has total 3,121 international stores all over the world including in Mexico, Japan, Canada, China and countries in central and South America. However, recently Wal-Mart begins to slow down their growth rate in the United State and turn their main focus onto its international stores to develop growth. For international stores locations altogether earned total $98.6 billion revenue in 2009, compared to the sales of 2008, is increased 9.1% (Wikinvest Wal-Mart, 2010). Strategic History of the Industry The whole retail industry in the United States has over $4 trillion annual revenue. The main retail companies are including Wal-Mart, Home Depot, Kroger, Costco, and Target. Some of the large companies dominate some retail sectors such as mass merchandisers and grocery stores, other sectors like auto dealers and convenience stores are fragmented. However, retail industry still has many small and specialty retailers are single-store operations (Hoover, 2011). The economy deeply affects the retail demand. In other words, retail demand depends on the economy. Many different kinds of economic factors such as job growth, recession, personal income, consumer confidence and interest rates can strongly affect consumer spending behavior. When during recessionary periods, the bad economy can affect the retail sales growth rate slow drastically or even sales revenue decline. While the retail spending grows rapidly when in the period of strong economy growth, for example consumers will spend more on grocery when they have more income. However, the rising interest rates will affect consumer purchase behavior and consumer ability to finance large amount of purchase such as purchasing cars (Hoover, 2011). Strategic History of Wal-Mart Store Inc. In the early stage of strategic history for Wal-Mart, they always unchanged their vision always low price for their customers. Until 1990s, Wal-Mart announced that they planned to go global. They wanted to look for international markets for the reasons as following: First of all, Wal-Mart has facing very strong competition in United States such as Target and K mart. These two firms had aggressive expanding their business and had started sharing Wal-Marts market share. Secondly, the market in the United States is already saturated; it was becoming difficult for the company to continue its growth rate. Thirdly, the US population is accounted for only 4% of the worlds population and if they want to expand their global market, China had the potential massive growth due to their huge population of over 1.3 billion people. The last reason is, globalization opened up new markets in China and created opportunities for discount stores such as Wal-Mart (Wal-Marts Cost Leadership Strategy, 2004 ). On the other hand, Wal-Mart is using the strategy that cooperates with local suppliers to purchase their products, even though the organizational culture is standardized with the home country. This strategy is not only use to the products purchasing, but also adapted to the local cultures and stores decoration and designed are also changed to meet local taste all around the world (Wal-Marts Cost Leadership Strategy, 2004). Organizational mission statement As we know, the mission statement for Wal-Mart is every day low price. In order to insist their mission, Wal-Mart implemented three approaches in the market. First, it increased the local purchasing in order to reduce the purchasing costs and also suit consumers needs in different places. Secondly, it maintained a good relationship with their suppliers, satisfied them by paying within 3-7 days during its initial years. Thirdly, it established distribution centers (DC) and computerized its management system to improve efficiency and reduce costs (ICFAI, 2005). Business Level Strategy For these several years, Wal-Mart has been trying hard on expand its stores outside the United States. It through two different to expand their international business market: new store construction and acquisition. Acquisition strategy of supermarket chains had been a part of Wal-Marts entry and store expansion strategy in Canada, Mexico, Brazil, Japan, China and Great Britain (The Wal-Mart Puzzle, 2008). Over all, the Wal-Mart strategies were including: multiple store segments, lower daily prices, lots of name-brand merchandise, reduce operating costs, emphasized customers satisfied service, wide selection products, disciplined expansion into new geographic markets, and using acquisition to enter foreign market (Wal-Mart Store Inc., 2010). However, no matter Wal-Mart are in which foreign country, their company vision always low prices is never changed. The companys low distribution costs and cost-efficient supply chain management are the big reasons why Wal-Mart is so success and at the same time reduce the products prices. Wal-Mart has get into distribution efficiency compare with their competitors because of its rural store locations. Current strategy for the major operations/functions of the company Current strategies for Wal-Mart are including low costs, high volume, increase customer satisfaction and expansion strategy. Wal-Mart creates name recognition and customer satisfaction, and combined the retailer with the reputation of offering the best prices. They also expand their new business segments to different sectors such as pharmacies, automotive repair, and grocery sales to increase their sales revenue. Expansion strategy: The company realized that building a new store will allow for increase market share value. After their success in the rural areas, Wal-Mart moved to urban areas and then moved to surrounding areas. The expansion strategy made Wal-Mart the number one retail store in the United States. As Wal-Mart continue its expansion domestically, the firm decided to go international. Furthermore, Wal-Mart realized that acquiring an existing retail firm is necessary for expand domestic and international markets. Therefore, Wal-Mart by acquire retail store which enable to expand locally and internationally. Always low prices make customers live better strategy is believed the strongest strategy used by Wal-Mart. The firm developed the idea of dealing directly with the manufacturer and with the power control by Wal-Mart will enable it to get the best deal from the manufacturers and suppliers. Organizational structure, culture, and control systems (Source: http://www.theofficialboard.com/org-chart/wal-mart-stores) Saving people money to help them live better was the mission for Wal-Mart. Hence, Wal-Mart negotiates different suppliers and understanding their cost structure in order to reduce the price. Wal-Mart has to be certain that the manufacturers were doing their best to cut down costs. Also, Wal-Mart believed in establishing a long-term relationship with their suppliers. Wal-Mart had 129 distribution centers located at different locations all over the US. Over 80,000 items were stocked in these centers. Wal-Marts own warehouses directly supplied 85 percent of the inventory, as compared to 50-65 % for competitors. Shipping costs for Wal-Mart is about 3 % which is lower than its competitors, 5%. The distribution centers ensured a steady and consistent flow of products to support the supply function (Wal-Marts Cost Leadership Strategy, 2004). Wal-Marts logistics infrastructure was its fast and successful transportation system. The distribution centers were serviced by more than 3,500 company owned trucks. To make its distribution process more efficient, Wal-Mart also uses a logistics technique called cross-docking. In this system, the finished goods were directly picked up from the manufacturing plant from suppliers, and then directly supplied to the customers. The system reduced the handling and storage of finished goods, eliminating the role of the distribution centers and stores (Wal-Marts Cost Leadership Strategy, 2004). SWOT Analysis for Wal-Mart Store Inc.. Strengths Reputation Brand Name: Wal-Mart is a powerful brand and pioneer in the retail industry with the wide spread network of stores. It has a reputation for low price, convenience and a wide range of products all in one store for customers. Wal-Mart has captured about 10% of the retail market in the U.S. and continues to expand. Wal-Mart stores continue to open all over the country making Wal-Mart a household name. Wal-Mart has also been widely acknowledged for its social responsibility actions. The company has donated to a variety of charitable organizations and has been accredited for bringing jobs and wealth to less developed communities. Offer Low Prices: Wal-Mart uses its enormous size and buying power to pressure its suppliers into extremely low prices, offering orders of high volumes of merchandise in exchange for low prices. The good thing about Wal-Mart is that its shifts the low cost advantage to customers and available the products at lower prices. It has loyal customer base because it meets the expectation of customer by always delivering the goods at lower prices at compare to its competitors. Expand Global Market: Wal-Mart has aggressively expands its international market over the past few years and has experienced global expansion. For example its purchase of the United Kingdom based retailer ASDA. Technology: Technology is strength to Wal-Mart with its inventory control system that was recognized as the most sophisticated in retailing. The technology linked all the stores to the headquarters and the companys distribution centers. It also enables the warehouse of which the goods are ordered, and direct the flow of goods to the store and proper shelves. Supply chain and logistics management: Supply chain and logistics management are one of the strengths of Wal-Mart. This allows Wal-Mart to utilize the Just- in-time inventory concept and avoid the pilling up inventory to save the extra cost for maintaining inventories in the warehouses. Human Resource: Wal-Mart always keen to provide training to their employees to improve the customer service level. The firm hire locally, provides training programs for its employees. Wal-Mart also gets its employees involve and encourage them to make use of words like: we, us, and ours. It also provides stock ownership and profit sharing with great contribution from the H. R of the firm. Wal-Mart was named one of the best 100 firms to work for. Cross-docking inventory system: Using the cross-dock technique, Wal-Mart was able to effectively leverage their logistical volume into a core strategic competency. Wal-Mart operates an extensive satellite network of distribution centers serviced by company owned trucks. Its satellite network sends point of sale (POS) data directly to 4,000 vendors. Each register is directly connected to a satellite system sending sales information to Wal-Marts headquarters and distribution centers. Weaknesses Employee turnover: Wal-Mart has high employee turnover which costs more money and time for company to train the new employee. Bad publicity: Wal-Mart is currently facing a gender discrimination lawsuit. Their female employees accuses that they were discriminated against in matters regarding pay and promotions. And also, Their female managers were accounted for the minority group in the company. Lock of flexibility: Wal-Mart sell very wide range kinds of products for example like clothes, food, pharmacy or stationary which lack of flexibility compare with other more focused competitors. Other competitors may have the ability to make changes and improve on a certain product lines when the needs of their customers change. Wal-Mart, however, may have too much merchandise and not be able to focus in on sectors that need to be improved. Some products have poor quality: Although Wal-Mart provides low price of products, however, customers sometimes complain about the poor quality of few products. Facing difficulty in International market: It is hard for Wal-Mart to expand their business out of US to totally different countries all around the world. Moreover, Wal-Mart has to facing different culture and customer behavior in different countries, for example Wal-Mart facing difficulty to expand the market in China. Opportunities Customers: Because Wal-Mart provides low price to their customers, so they are able to attract more customers. Furthermore, customers basically are able to purchasing everything in one store that satisfied their needs. Wal-Mart 24 hours stores also satisfied their customers. Diversified store types: Wal-Marts different store types and new locations provide more opportunities to exploit new market. Stores diversified from local, small-based sites to large super centers. International Expansion: No doubt that continued expand the international market is a huge opportunity for Wal-Mart. Wal-Marts oversea stores have experienced significant growth. There are actually tremendous opportunities for future growth in developing countries and Asian markets than in the United States such as China and India. Creating strategic alliances and licensing agreements with other global retailers are ways to move into different countries. Threats Competition: Wal-Mart faces different strong competitions locally and internationally. Wal-Mart main competitors are including Kmart, Target, Carrefour and Costco wholesale. In 2010, the Net Profit Margin for Wal-Mart is 3.59%, Target 4.22%, Costco wholesale 1.69%, Carrefour 0.38%, respectively (Hoovers, 2010). Target is Wal-Marts direct competitor in the US, offering a range of general merchandise in a similar store format (Wikinvest, 2010). Economy Recession: The revenue for Wal-Mart is affected by economy recession. Good economy is an opportunity for great business, because customers will have more money to spend. If the economy is great, there will be more jobs and people will shop more. However, if the economy is bad, there will be fewer jobs and people will shop less. Also, with the high price of gasoline and its effect on the economy, Wal-Mart will certainly be affected the most. Strategy imitation: Wal-Mart strengthens its competitive advantage on low-cost products. Other competitors may imitate their low-cost strategy to take over their market shares. Low Brand Loyalty: In the retail industry, customers would like to choose the product with the lowest price. In other words, customers do not care about the brand or which retail stores, if Costco has the exactly same chips that sell cheaper than in the Wal-Mart, then customers will choose to buy the chips in the Costco not Wal-Mart. TOWS MATRIX STRENGTHS WEAKNESSES Reputation Brand Name Bad publicity Offer Low Prices Lock of flexibility Expand Global Market Some products have poor quality Technology Facing difficulty in International market Supply chain and logistics management Employee turnover Human Resource Cross-docking inventory system OPPORTUNITIES OPPORTUNITIES-STRENGTHS OPPORTUNITIES-WEAKNESSES Customers Build on its already efficient distribution system to further expand in the U.S and globally. Wal-Mart should be awareness and strict to control of the quality of the product in order to keep their customers basis. Diversified Store Types Expand diversified store types to International market in order to increase profit in International market. Set higher employment standards through enhanced training to keep their employees have best performance. International Expansion Duplicated the successful delivery logistic management and the distribution centers into International market. Continue to build on cost efficient pricing and production due to expansion. Go into new markets and buy out their local retailers to gain market share. THREATS THREATS-STRENGTHS THREATS-WEAKNESSES Competition Buy raw materials or products from local suppliers to hold a better political status within the local community further to compete with their competitors. Human resource department should set a benefits long-term promotion program or standard and training program for their employees in order to decrease the employee turnover. Economy Recession Create their own brand of products and increase the quality of products in order to establish customers loyalty. Establish joint venture partnerships or long-term relationship with local retail companies to get the advantages in the International segment. Strategy imitation Develop strong RD and technology to enhance the competitive advantage and avoid imitation from other competitors. Low Brand Loyalty Five Forces Analysis for Wal-Mart Store Inc. Threat of entrances Low The threat of new entrance in the grocery and discount retailer industry is very low. New entrants have to face with the strong low-price competition among exist giant retail companies like Wal-Mart, Costco and Target. New entrants need to invest large amount of capitals to establish their brand recognition, service, and variety of product offerings that Wal-Mart, Target, and others competitors continue to improve on each day. In addition, existing companies can drop prices lower in order to force a new competitor out of the market. Therefore, the threat of entrances is low. Power of buyer-High Customers have many choosing opportunities and consider about products very details. They want the product now and they want it with the best service, best quality and reasonable price. Customers also enjoy increasing choice of products and choose one product that has the best quality and better price. For example, if customers find out Target sells an exactly product that has better quality and price than Wal-Mart, and then they will choose to buy it in Target instead of Wal-Mart. Power of Suppliers: Low The bargaining power of suppliers is very low. Wal-Mart is very famous on giving pressure to their suppliers to cut their price lower and lower in order to offer the lowest price to their customers. On the other hand, become the supplier of Wal-Mart is a very fierce competition. In 2004, about 10,000 new suppliers applied to become Wal-Mart vendors. However, only about 200, or 2%, were ultimately accepted by Wal-Mart (Gwendolyn Bounds, The Wall Street Journal). Therefore, the bargaining power of suppliers is low. Rivalry High The competition in the US grocery and discount retailer industry is very high. The main competitors for Wal-Mart in the local market are Kmart and Target. These companies also have to face competition from wholesalers such as BJs, Costco and even the international market such as Carrefour. Wal-Mart has adopted a cost leadership generic strategy. In the past, most companies have not been able to match Wal-Marts strategy everyday low prices. However, Wal-Marts barrier to entry (economies of scale) and strength (supply-chain management) can be easily imitated with sufficient resources. Therefore, retailers are in a fierce competition that see who can offer their customers the lowest price. Threat of substitute Low The threat of substitutes in this industry is low because only few companies have ability to offer such a variety of products available instantly and also low prices. One possible substitute is online shopping; however, customers usually do the online shopping for clothes or other stuffs but not for food or grocery shopping. Therefore, the threat of substitute is low. B. Strategic direction Key Strategic Issues Issue #1: Open too many new stores close to existing stores lead to new stores taking over the market shares from existing stores. Status Quo Wal- Mart depends on opens many new stores and expands into new market to increase the long-term sales and income growth. However, because of Wal-Marts large size of expansion, new stores are effects the sales on existing stores. For example, Wal-Mart builds a store relatively close to an already existing store, the new store might take away customers from the old store thus decrease the sales in existing stores (Wal-Mart, 2010). Evolutionary Change (Incremental Improvement) In order to solve this problem, Wal-Mart expands their business segment into international market instead of domestic market. For example, Wal-Mart opened 5 times number of stores in the international market in 2010 compared to domestic stores; most of stores are in Mexico, China, and Central America (Wal-Mart, 2010). Revolutionary Change (Huge/Drastic Change) Wal-Mart is also aggressively to open business segments in India if the country opens up the sector to foreign direct investment. India has retail market more than 1 billion; no doubt India is a huge opportunity for Wal-Mart. However, retailers that carry multiple brands (like Wal-Mart) are restricted to wholesale outlets in India. After Indias policy change, Wal-Mart is allowed to expand superstores and generate revenue in India (Wal-Mart, 2010). Specific tactics to implement the strategy Wal-Mart needs to establish long-term relationship or joint venture with local retail company to get into the market in India. Although in 2006, Wal-Mart announced that it had tied up with Bharti Enterprises Ltd. (Bharti) to get into the Indian retail sector. Bharti was a diversified company, and one of the biggest mobile telephone service providers in India (Wal-Mart and the Indian Retail Sector, 2007). However, because of the government policy, the small retailers groups and the Left parties against allowing the company into India are all the barriers that Wal-Mart has to face it. Issue #2: International competitors Status Quo In order to expand and improve the sales revenue for the economy recession especially in the domestic market, Wal-Mart has been aggressively expand its business segment into international market. However, the local big retailers or small retailers groups are against Wal-Mart to get into their market to take over the market shares because of its low price strategy (Wal-Mart, 2010). Evolutionary Change (Incremental Improvement) Improve its supply chain, logistic and technology segment to lower its delivery and operation costs in order to compete with local big retailers such as Britains Tesco, Frances Carrefour, and Germanys Metro (Wal-Mart, 2010). On the other hand, retail business segment is hard to create products differentiation, because commodity products are all the same for customers. The only way that gains the market shares for retail stores is not only low price but also quality of products. Therefore, Wal-Mart should awareness of its quality of products to attract more customers even in the international market. Revolutionary Change (Huge/Drastic Change) Wal-Mart should acquire and purchase the local retail companies in order to get into the international market. On the other hand, establish long-term relationship with local suppliers to have the win-win situation for their cooperation. Specific tactics to implement the strategy In the beginning of year 1, 2 and 3, Wal-Mart should first focus on improving its supply chain, logistic and technology improvement in order to compete with local big retailers on its lower operation, delivery costs and high quality of products. For the long-term tactics, Wal-Mart should deeply penetrate into the local market, understand different cultures and customers behaviors and then cooperate with local suppliers to establish long-term partnership. Personal assessment SWOT Analysis of myself in relation to the organization (What can I offer to the organization?). Strengths: International expansion (China): Wal-Mart is extremely aggressively penetrated into the market in China. Also, no doubt that China has 1.3 billion populations which accounted for the most majority population in the world, creates a huge business opportunity for Wal-Mart. Therefore, Wal-Mart needs a manager who can speak fluently Mandarin and English, and really understand about Chinese culture and Chinese customers behavior. Hence, I can offer Wal-Mart my knowledge to develop more opportunity in Chinas market in order to maximize the profits. Weaknesses: Lock of working experience: Even though I can speak fluently Mandarin and understand the Chinese culture and customers behavior; however, I still lack of working experiences. I do have some part time working experience such as working in starbucks, but do not have full time working experiences. Opportunities: Because of my professional knowledge (bachelor and master degree are both business management) are expertise on this field which can offer Wal-Mart a professional employees or manager. Moreover, my family also has business in China, Hangchow, which makes me has understanding and interested about China. I can provide Wal-Mart establish partnership with local suppliers and establish long-term relationship with them to compete with local retails competitors. Threats: Many applicants around the world: There is still having many talented applicants around the world apply to get into this company. Some of the applicants have high education degree and business knowledge and also have ability to speak many different kinds of languages. Therefore, I am in extremely fierce competition. Not every business segment in Wal-Mart is my expertise: I have weakened and lower advantages compared to local American because of the speaking and cultural differences. Furthermore, the company does business in many different retail formats, including supercenters, food and drugs, general merchandise stores, cash and carry stores, membership warehouse clubs, apparel stores, soft discount stores and restaurants. However, not every business segment in Wal-Mart is in my field of expertise. Financial Analysis 2010 Annual Sales (Figure2-1) (Source:Hoovers,2011,http://0subscriber.hoovers.com.leopac.ulv.edu/H/company360/competitiveLandscape.html?companyId=11600000000000) As you can see in Figure 2-1, this is 2010 annual sales for 4 main retail stores in the United States. They are including Wal-Mart, Target, Costco Wholesale and Carrefour. Wal-Mart has almost $400 billion sales in 2010. Compared to other competitors, annual sales for Wal-Mart was much higher than other companies. Carrefour annual sale in 2010 was around $100 billion. Annual sales for Target and Costco were just around $50 billion in 2010. 2010 Net Profit Margin (Figure2-2) (Source:Hoovers,2011,http://0subscriber.hoovers.com.leopac.ulv.edu/H/company360/competitiveLandscape.html?companyId=11600000000000) In Figure 2-2, net profit margin in 2010 for Wal-Mart was 2.98%. Target was higher than Wal-Mart which had 3.69% net profit margin in 2010. Other two competitors, Costco and Carrefour were both under 1.84% in net profit margin in 2010. Figure 2-3 (Source:Hoovers,2011,http://0subscriber.hoovers.com.leopac.ulv.edu/H/company360/competitiveLandscape.html?companyId=11600000000000) The Return on Asset ratio is useful in measuring how efficiently a company uses its assets to generate profit. By definition, ROA is calculated by dividing the Net Income by the total asset of a company. Refer to Figure 2-3, ROA for Wal-Mart from 2006 to 2010 are much higher than its competitors. Wal-Marts ROA were around 9% to 10% each year, compared to its competitors which were all much lower than Wal-Mart. This basically means that Wal-Mart utilizes its assets well enough to generate profit in comparison with their competitors. However, ROA in 2007 for Target is higher than Wal-Mart, Target 9.29%, Wal-Mart 9.05%. Targets major competitive advantage over Wal-Mart lies in its customer base: the average household income for Target customers is about $50,000 a year, whereas the average yearly income for a Wal-Mart customer is only $35,000 Figure 2-4 (Source:Hoovers,2011,http://0subscriber.hoovers.com.leopac.ulv.edu/H/company360/competitiveLandscape.html?companyId=11600000000000) The return on Stockholders Equity (ROE) ratio measures the percentage of profit earned on stockholders investment in the company. In other words, return on equity  measures a corporations profitability  by revealing how much  profit a company generates  with the money shareholders have invested.  Ã‚   In Figure 2-4, ROE for Wal-Mart were around 20% from year 2006 to 2010, compared to other competitors which are higher than others. Figure 2-5 (Source:Hoovers,2011,http://0subscriber.hoovers.com.leopac.ulv.ed

Impact of Education on Society Essay

While capitalism is prevailing in the modern society, the issue on whether an amoral profit driven capitalist system is good for the society or not has been raised. Some believe that an amoral capitalist system is the best way to organize individuals together to serve the society. However, others argue that a amoral capitalist system will harm the society instead of benefit it. In this essay, I will be presenting the view of two neoclassical economists, Ricky Griffin and Adam Smith, who support the idea on the amoral capitalism is good for the society. I will also discuss the opposing view presented by Arthur Miller that suggests a profit drive, amoral capitalist system will do harm to a society . Furthermore, I am going to compare and contrast the two view and concluded with Miller’s view Capitalism encourages business men to make profitable amoral decisions will not benefit our society. While Griffin, Smith and Miller are holding two significantly different views, they both agree on capitalism is an amoral system. According to Griffin, profit is the only incentive for any business to operate under a capitalist system. Smith, father of capitalism, shows his understanding of amoral capitalism by saying, â€Å"We address our self, not to their humanity but to their self-love, and never talk to them of our own necessities but to their advantages. † (Smith 119) This quote clearly illustrates that people would act out of their own interest instead of considering others under capitalism. Further, Miller compare this amoral capitalism with uncivilized animals when the character, Christ, says â€Å"This is a land of great big dogs, you don’s love a man here, out eat him! †¦the world is that way†¦This is a zoo, a zoo!† (Miller p81) Although with a negative feeling and view, Miller believes capitalism is amoral just as much as Griffin and Smith d o. Moreover, Miller suggests capitalism can force people to make amoral, profitable decision because capitalist system is an amoral profit driven system. Smith seem to a agree on Miller’s view on some degree. Many capitalists assert the profitable decisions are efficient, and efficiency will benefit society. Adam Smith claims that â€Å"a society’s interests are best served by private enterprise–allowing individual within that society to pursue their own interests†¦Ã¢â‚¬  (Griffin p21) In the business context, â€Å"pursue their own interest† is best describe as maximizing the  profits of their own companies. Griffin and Smith believe that encouraging business to maximizing profit will benefit society in two ways. First of all, business will try their best to produce large amount of goods and service for profits because profits are a very strong incentive to individuals within a materialistic society. Furthermore, due to the fact that every business is trying to maximizing profits, competition will arise between the businesses. In order for businesses to success, business men have to make very efficient decisions and outperform others. Therefore, by being an strong incentive and creating competition amount and businesses, maximizing profit help to society achieve a greater efficiency and create sufficient goods and service. And both Griffin and Smith imply that an amoral, self-interest, profit driven system is the salient support for individual to make profits maximizing decision. Miller, on the other hand, disagree with Smith and Griffin. Miller argues that encourage business men to make only profitable decisions will not serve our society, because what is good for the business is not equal to what is good for the society. In Miller’s play, he expresses his opinion by using a central conflicts that is created by Joe Keller ships out hundreds and twenty cracked cylinder heads to sustain his business, but also results the death of twenty one pilots. Miller uses his play to demonstrate a profitable decision, ships out cracked cylinder heads, is not consist with the social interest of helping the soldiers and winning the war. What is even worse is that Joe Keller is been force into this immoral decision due to the competition and the demand of efficiency. Miller point out that amoral capitalist system is not just encourages business to make amoral decision, but forcing them to make immoral decision for their business. Miller implies that when Joe says,â€Å" I’m in business, a man in business; a hundreds and twenty cracked, you’re out of business; you got a process, the process don’t work you’re out of business†¦you stuff is no good; them close you up, they tear up your contrast, what the hell’s it to them?†(Miller p69) This also shows capitalism is a cold-blood, insensible system because nothing also matters in capitalism besides business, profit and individual themselves. Further, Miller also suggests efficiency is not always good for the society  when Joe Keller says: â€Å"It is a madhouse. Every half hour the Major calling for cylinder heads, they whippin’[sic] us with the telephone. The trucks were hauling them away hot, damn near. I mean just try to see it human, see it human. All the sudden a batch comes out with a crack. That happens, that’s the business, a fine hairline crack.† (Miller p32) Keller’s line evidently demonstrates the cracked cylinder heads are resulted from â€Å"efficient† using of machines to meet the demand. Miller suggests that focusing on efficiency may lead to poor quality or in some case the immoral, cracked products. Nowadays, China is facing the similar problems that is described by Miller, the 2008 China milk scandal is a perfect example. The China milk scandal is causing by the high demand of the infant milk’ quantity and high concentration of potent. In order to meet those demand, the companies have to adulterate the milk with poisoned chemical, melamine, to produce milk in a greater quantity as well as the high potent concentration. However, this action resulted over 300,000 infants’ kidneys damaged. Therefore, with strong real life, blooded proofs, focusing on a achieving efficiency does not always benefit society. Another important argument holding by Smith and Griffin is the economy growth which is resulting from the profitable decision of all businesses. Griffin also point out amoral profitable decision would help economy to be stabilized and decrease the unemployment. As Griffin describes, â€Å"(Economy growth), increases in the amount of goods and service produced by our own resource. In theory, we all want our system too expand–more business, more jobs, more wealth for everyone† (Griffin p27) Griffin not only believes that economy growth will benefit the society, but also suggests that economy growth is what everyone wanted. Furthermore, Griffin introduces some more measurement of economy and standard of living. Griffin implies the GDP and GNP would measure the amount products and service that is useful for people indicated standard of living for people in the society. He also strongly implicitly suggest the GDP per capital is salient indicator that shows the well being of the individual within the system. In a conclusion, Smith and Griffin claim that is a capitalist system will lead to economy growth and would bring wealth and improve standard of living for everyone. However, Miller argues that economy growth does not benefit the whole society. Miller also implies that maximizing profits for business does not improve the people’s quality of life, instead it increase the inequality amount people. Miller illustrate that by presenting Joe Keller’s worrisome after Joe Keller has achieved his business success. Joe is a materially rich man. However, when George, Joe’s partner’s son, come to visit Joe, Joe becomes worried as his wife Kate explains, â€Å"He is worried. When he is worried we goes to sleep† (Miller p41)Furthermore, Joe’s economic success males him even more misery when his only son, Chris, turns against Joe and Joe’s amoral business. Miller makes it very clear that even to a business man, making profits and economy growth do not bring him happiness. In addition, Miller exhibits that economy growth, making profits and business success may means much less important for a non-business man, such as Chris. Chris burst out, â€Å"What the hell do you think I was thinking of, the Goddam[sic] business? Is that as far as your mind can see, the business? What is that, the world-the business? †¦Don’t you have a country? Don’t you live in the world?†(Miller p70) Miller also implies that is wrong for Smith and Griffin considering maximizing profits as self-interests for all business men. Miller believes capitalism forces men to make immoral decision will create conflicts between businessmen and the others or even between businessmen and themselves. Miller demonstrates the conflict between the business man, Joe, and his neighbors when Sue explains, â€Å"Who is he to ruin a man’s life? Everybody knows Joe pulled a fast one to get out of jail.† (Miller p45) Furthermore, Miller presents the conflict between Joe and Chris by having Chris criticizes, â€Å"You’re not even an animal, not animal kills his own, what are you?† (Miller p70) Miller suggests that amoral decision making create this conflict between Chris and Joe because Chris is criticizing Joe’s morality and his amoral decision that Joe did not wish to make. This self conflict that Joe has is shown when Joe explains, â€Å"I didn’t want it that way(the immoral way), either!† (Miller p76) Miller implies capitalism would not bring joy and happiness to society, but b ring the conflicts. Nowadays, as the debate on amoral capitalism is heating up. More and more  people tend to agree Miller’s view in various degree, and believe that a business needs to have some moral responsibility other then profit making. While many believe that corporate social responsibility, also known as CSR, is a decent solution to help amoral capitalism to become moral. an article named â€Å"responsibility is good for the business† published by the Washington Post suggests that businesses which carry on social responsibilities would more likely to earn a greater profits and do better in stock market. The author Christopher Flavelle also presents many statistics and data to support his argument on CSR will help both society and the business. And he writes, â€Å"a number of CSR fund managers insist that responsible behavior helps companies’ performance and that a significant differential becomes visible over time.† (Flavelle p2) as to assist that business will als o benefit from CSR. Another author Jason Magder from The new internationalists believes that more information of all corporation become public, business will have to become more and more ethical. However, Magder seem to believe capitalism will not stand for that to happen when he says, â€Å"Capitalism worked because people couldn’t see into the kitchen† (Magder p1) I argue that business sense would always valued over the moral sense under a capitalist system. Flavelle also implies the same view when he says, â€Å"If they see CSR as contributing to their bottom line, they’ll continue to act responsibly. If they see CSR as a kind of a PR campaign, they’ll probably cut back on it†(Flavelle p1) However, Flavelle believe that is not matter because capitalists can make moral decision and also get reward. So many years after Miller and Smith, this issue on amoral capitalism is still being debating. I believe capitalism forces business men to make profitable amoral decisions may not benefit our society at all. However, maybe Smith is also correct on capitalism is the best way to serve the society before other solutions appear. And with many evidences from different countries, I have to agree with Griffin and Smith that capitalism is efficient. However, I would only describe capitalism as an insensitive, bloody, efficiently machine that does not have feel and moral. The core of capitalism is still profit driven, materialistic, and money. â€Å"money money money money, when you said it long enough it doesn’t mean anything.†(Miller p73) How important is efficiency and profits, when it does not bring joy and  happiness to our society. How can we be well off without compassion, moral value, sympathy and all that feeling that make us as human being.

An Honest View of College Essay Prof Readers Services

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Aspects Of Ell Education And Student Achievement - 1463 Words

There are many aspects of ELL education to be explored. In order to effectively inform policy on ELL education, one must consider what affects student achievement, how to keep education adequate and equitable with the inclusion of ELLs, and how ELL education affects funding of schools. These topical areas of research, while not exhaustive, are helpful in framing the larger topic of this paper: if varying numbers of ELLs affect the state mechanism for funding ELL education. ELL Education and Student Achievement One of the first questions one must consider when dealing with ELL acquisition is what differences affect student achievement. In ELL education, there is a great amount of variation within the different approaches to teaching†¦show more content†¦Other aspects of program implementation were not significant to ELL students but affected non-ELL students’ scores. Overall, they found that states placing more of an emphasis on bilingual education had ELLs scoring higher in reading tests. While their study is helpful in understanding how state emphasis on ELL education makes a difference, one shortcoming of their study is that while they do have a limited categorical model for how they determined state emphasis it only surveys eight states in their analysis. Furthermore, while they survey the historical development of ELL programs nationally, it fails to explain why some states place more emphasis (through more tailored programs) on ELL education. This last failing demonstrates the need for a study demonstrating the link between ELLs and policy. Adequacy and Equity of ELL Education ELL education is important when considering the adequacy and equity of education for ELLs and non-ELLs alike. Ramirez et al. studied the adequacy and equity of funding ELLs in Colorado through categorical funding in the English Language Proficiency Act (ELPA) and determined the effect of ELL enrollment in conjunction with the ELPA program on school districts. He found that in Colorado, ELPA does not