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Nowadays with the significant development of multinational corporations in the world their huge influences on the relative stakeholders have become a hot topic by all the present society According to A Dictionary of Economics stakeholders refers to Anybody with some form of interest in a business which includes directors managers other employees customers subcontractors and even the general public Black Hashimzade and Myles 2009 No business exists in isolation and the way multinational corporations make profits will definitely have a considerable effect on other economic participants This is especially true when it comes to the retail industry which connects suppliers to customers at the end of the supply chain Here the retail giant Walmart is a typical exampleWalmart is an American public multinational corporation that runs chains of large discount department stores and warehouse stores It is also the biggest private employer in the world with over 2 million employees Due to its huge power to absorb and allocate resources Walmart has the ability to provide and guarantee relatively lower prices and more diversified products for its worldwide customers Just as its save money live better strategy says Walmart to some extent does contribute a lot to the improvement of peoples living standard Walmart Corporate 2011 However recent decades also witnessed a hot debate of Walmarts unique management concepts and the potential huge costs behind its success of lower commodity price Therefore a serious question should be asked can these overwhelming benefits that Walmart generates be taken only at the face value Pittman 2007 Obviously the answer is no The main focus of this essay will concern the negative effects that Wamart exerts on its two main stakeholders the employees and the local economy and the resolvability of these problems From the internal standpoint employees are most closely associated with a company Walmarts controversial polices and strategies to a large extent go against its workers welfare First of all instead of a lifetime career with
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