History of Retail Industry Essay

1921 Words Apr 1st, 2013 8 Pages
Module 7 Research Paper

Table of Contents History of Retail Industry ............................................................................................................3 Corporate Stakeholders ...............................................................................................................5 Role of Retail Industry in its social, economic, and political setting……….............................5 Domestic and International Ethics...............................................................................................6 Ecological and Natural Resources……………………………………………………………..6 Social Issues……………………………………………………………………………………..8 Rating on Retail Industry’s Overall Social Responsiveness
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Consumers can be at home, at work, or even in their car and make a purchase with the ease of the fast moving technological innovations that has touched each aspect of the retail value chain. Retail industry has built such a successful business by offering consumers a value-based experience along with convenience and the biggest of all, choice. Corporate Stakeholders The term stakeholder is a person or group that affects and organization’s decisions, policies, and operations. With this being said, the retail industry needs to make stakeholders understand the role in the industry to help protect and improve their reputation as well as build the confidence in consumers. Corporate stakeholders have to be more than a moral responsibility to the company. They need to be a part of much more from how much consumers spend to supporting key policy issues and in the end will change the shareholder value. Social, Economic, and Political Setting The retail industry does a lot for the social and economic setting. Wal-Mart alone does a great deal for the communities where their stores are located. Not only do they provide jobs for around 1.5 million people, they also have

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