Company Background Of Wal Mart

Wal-Mart founded in 1962 by Sam Walton is now the largest American retail corporation. With thousands of chains of stores and warehouses Wal-Mart monopolized the American retail industry. In addition, Wal-Mart is the second largest retail corporation in the world employing of two million employees world-wide. As one of the most valuable corporations in the world Wal-Mart continues to improve their sales annually while offering some of the lowest prices available. Wal-Mart’s famous low price guarantee, come at a high expense of the environment, the small businesses, education, the rights and safety of the consumer, but most importantly their employees. Although Wal-Mart has plays a dominate role in American economy, this “American”

Wal-Mart Corporation is one of the largest retail stores in the world. They serve customers in meeting their needs with low cost saving items. On October 31, 1962, Wal-Mart was founded and incorporated by Sam Walton in Bentonville, Arkansas. Mr. Walton went into business because he felt that items sold were too high for the average customer to afford. His focus was to sell products at low prices to get higher volume sales at a lower profit margin. He bought bulk products from different suppliers so he could incorporate savings into his pricing to lower cost for customers. Under the savings cost concept, Wal-Mart grew rapidly and surpassed its competitors in sales and generating profits.

Wal-Mart, founded by Sam Walton in 1962, is the world’s largest retailer and public corporation. It operates over 6,500 stores worldwide, employs 1.9 million associates, and serves more

Walmart is known throughout the entire world as one of the most popular chain department stores. Actually, most have probably visited a Walmart store in the past week. Though Walmart stores seem to be a normal part of life the average person more than likely has little knowledge that pertains to Walmart’s success and business culture. This paper will guide one through the history of the organization, why Walmart is successful, what could threaten or open new opportunities, and how might they hold a competitive advantage.

Customers gain great savings from shopping with Wal-Mart. With lower prices, it allows Wal-Mart to have a strong position in the value network. Wal-Mart has achieved this position with their purchasing power. To continue to provide great value to the consumer, Wal-Mart provides none to minimal benefits to its employees. By not providing health benefits to its employees they save thousands, even millions, which gives them greater advantage in purchasing and selling at lower prices. These control mechanisms are effective for Wal-Mart because it has given them the title of being the biggest retailer in the industry. It has given them the power to buy large and sell cheap.

Sam Walton, the founder of Wal-Mart was a business man with a vision. Sam was born in 1918 in Oklahoma. He was in the military until 1945 and then moved to Bentonville. Sam Walton was a very cheap man. Mr. Walton opened his own 5&10 store, and it became a success very quickly. Walton realized that passing on savings to his customers while earning profits through volume, would be the best way to have success in life as well as providing a better life for all Americans. Through this philosophy Wal-Mart was launched in 1962, in Rogers, Arkansas. Sam shared this vision with his associates and made them partners in the company; believing that this partnership would make Wal-Mart great. Sam

Wal-Mart was founded by Sam Walton; his belief was to provide “leadership through service.” This is the principle on which Wal-Mart was built on; Sam Walton’s intentions were to sell quality products at low prices with an exceptional customer service. Sam Walton was born in 1918, and at 24 years of age he joined the Military. He was married to Helen Thompson in 1943. After

Sam Walton, a businessman and entrepreneur with an innovative vision, started his own company, which became the leading in discount retailing today. His brilliance and unusual business practices lead him and his associates to acquire a successful company for over thirty years. Even after his death, the company is still growing steadily today. Walmart executives still continue to rely on Walton’s traditions, concepts, goals, and philosophies. He exerted a tremendous influence and left a legacy behind.

Let us first explore the functions that Walmart serves for society. First and most obvious, Walmart provides millions of people with the goods and services they require to carry on their day to day lives. When most people think of Walmart they think of a simple grocery story, but Walmart is so much more than that. At many Walmart stores, there are bank branches, small doctors’ offices, hairdressers, pharmacies, and various other business. Walmart brings together all these services and gives them a home all under one roof. Perhaps a broader view of Walmart’s function for society the amount of jobs the company creates. Everyone indirectly needs money to survive, everyone works to earn money, and Walmart provides jobs to 1.3 million people in the United States alone. ("Walmart Locations Around the World - United States.") With a nearly 478 billion dollar revenue in 2013, one could say that Walmart Corporation is a major driving force in

Walmart is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores and grocery stores. Wal-Mart controls over 11,500 stores in 28 countries around the world. It was founded in 1962 by Sam Walton. Walmart’s CEO is Doug McMillon and the Chairperson of Board of Directors is Greg Penner. Walmart as we know it today evolved from Sam Walton’s goals for great value and great customer service. He

“Wal-Mart is the largest private employer in the nation and the world’s largest retailer. With 1.6 million workers, 1.3 million in the United States and 300,000 offshore.” (Article #4.4 in reader). Thousands of Wal-Mart stores across the United States of America are best known for their slogan there of everyday low-prices guarantee. Wal-Mart retailers are regarded by the general American public for the place to go to find everything from fishing gear to groceries at the lowest prices. However, to obtain these low prices Wal-Mart must cut expenses, which it does across the board, including the pay and benefits to its workers in the United States. Wal- Mart 's low prices do often save the consumer money at the counter when they purchase

The Invisible Impacts of Wal-mart “A business that makes nothing but money is a poor business,” said Henry Ford, the founder of Ford Motor Company (qtd. in “Remember”). This famous quote is a reminder for every business to commit moral business practices if they wish to achieve productivity and long-term success. Meanwhile, business should contribute to the community and its people rather than insisting on making money at any cost. Sooner or later, the consumers will figure out about unethical practices that one is trying to hide, and then losing business is unavoidable.

As the largest retailer in United State’s history, Wal-Mart attracts both praise and criticism. According to the company website, Wal-Mart sells more than $400 billion worth of goods a year and employees more than 2.2 million people. Wal-Mart is famous for its low prices, which have attracted criticism for being predatory and therefore pushing out competing businesses. Because Wal-Mart is extremely large, it has become a price setter for both sellers and competition. Furthermore, to maintain Wal-Mart’s prices, workers are paid low wages and, as some would argue, are exploited.

Wal-Mart’s sheer size gives it unrestrained economic power which allows it to drive down costs in the retail and manufacturing sectors and to enact its own standards with regards to its work force.

Wal-Mart Stores Inc. helps individuals around the globe spare cash and live better - at whatever time and anyplace - in retail locations, online and through their cell phones. Every week, more than 245 million clients and individuals visit our almost 11,000 stores under 65 flags in 28 nations and e-trade sites in 11 nations. With financial year 2015 net offers of $482.2 billion, Wal-Mart utilizes 2.2 million partners around the world. (Wal-Mart Corporate) Wal-Mart is a superpower in the business world and has been that way for 50+ years. Understanding how it got to this point and how it has maintained its successful business model starts with its