“Walmart to Launch Internal Police Force Amid Rising Theft: A Transaction Cost Approach Analysis”

Walmart is developing its own internal police force to combat growing theft. The move comes as the retail giant aims to address the rising costs associated with theft and shrinkage. The development of an internal police force could help Walmart better protect its assets and reduce losses.

Walmart developing its own internal police due to growing theft.
I’m definitely using this for my doctoral session on the transaction cost approach. pic.twitter.com/dnDGV6w8oW

— Horacio Rousseau (@horaciorousseau) December 2, 2023

Walmart, the retail giant, is reportedly developing its own internal police force in response to the growing issue of theft. This move is seen as a proactive measure to combat shoplifting and protect the company’s assets.

The decision to establish an internal police force comes as no surprise, considering the significant increase in theft incidents that Walmart has been facing. The retail industry has long struggled with theft, and it appears that Walmart is taking a unique approach to tackle the problem head-on.

The move has caught the attention of Horacio Rousseau, who expressed his interest in using this development for his doctoral session on the transaction cost approach. This approach focuses on analyzing the costs associated with transactions between two parties, such as the costs of theft prevention and loss mitigation.

By establishing its own internal police force, Walmart aims to reduce the costs associated with theft. These costs include lost revenue, increased insurance premiums, and the need for external law enforcement involvement. Having an in-house security team can help Walmart mitigate these costs by providing a faster response time and more focused attention on preventing and resolving theft incidents.

However, the decision to develop an internal police force is not without its concerns. Critics argue that it blurs the line between private security and law enforcement, potentially raising questions about accountability and the appropriate use of force. It remains to be seen how Walmart will address these concerns and ensure that its internal police force operates within legal boundaries and respects individuals’ rights.

As Walmart takes this bold step towards combating theft, other retailers may follow suit if they see positive results. The retail industry is constantly evolving, and innovative approaches like this may become more prevalent in the fight against theft..

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@horaciorousseau said Walmart developing its own internal police due to growing theft. I’m definitely using this for my doctoral session on the transaction cost approach.