Untitled

Page 1

Walmart is a family owned business that was started in 1962 by Sam Walton, making the business currently 50 year old with the company being able to become so successful due to Sam Walton's business model of growing the business based on providing low cost products and quality services.

Furthermore, the business was able to develop an effective supply chain that monitors the inventory in real time while developing an effective sourcing unit in China (Walmart n.d.)

Currently the company has over 11,500 stores with revenues over $500 billion and more than 2.2 million employees. Furthermore, the company is a participant of the UNGC in order to perform in a responsible and socially responsible manner.

However due to the large size of the company certain aspects of the UNGC are not fulfilled resulting in a significant impact in terms of human rights and environmental precautions