Essentials of Business Management Essay example

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.

In 1950, former J.C. Penny employee, Sam Walton opened Walton’s Five and Dime in Bentonville, Arkansas. By 1965, in the same small town Walton would open the first Walmart store unknowing that his investment would become the world’s largest retailer. By keeping sales prices low Walton was able to get ahead of the competition and successfully opened an additional store within the same year. Walton’s success continued and by 1967 his chain of stores had grown to 24 locations, and was bringing in about $12.6 million dollars in sales annually.

Sam Walton is an American business leader who is well known for founding Wal-Mart and Sam’s Club, which Wal-Mart has grown to be the world’s largest cooperation. Wal-Mart first opened in 1962 after years of retail management business. The first Wal-Mart was first opened in Rogers, Arkansas. Wal-Mart is the go-to store, a place that basically has everything. Wal-Mart carries all the necessary things people uses during their everyday life for reasonable prices. Sam Walton is a successful business leader because he started a successful business years ago that is still effective today.

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

Poverty-level wages, meager benefits, unbridled outsourcing, and anti-union policies all make the list for why Wal-Mart is seen as a lousy employer. According to Dicker, for a full time worker, “average annual take-home pay totals around $18,000 a year… For a family of four, the figure is nearly $1,000 below the poverty line.” In addition, health insurance rates are priced far beyond what most workers are able to pay, making Wal-Mart employees one of the largest groups in the country to seek public assistance. Government aid includes housing assistance, free or reduced lunch for grade school-aged children, tax credit, and Title 1 education funding. The perceived result is that Wal-Mart’s low wages come with a public

Firstly, the amount of good deeds Wal-Mart has served for the United States outweighs that of any other corporation by the amount of jobs it provides for all types of citizens of

In addition to these effects on small businesses around the country, Wal-Mart’s promises of low prices are also impacting its own workforce. These low prices often come at the expense of fair wages and sufficient healthcare plans, leaving Wal-Mart employees to work in poor conditions for little reward. Wal-Mart’s treatment of its employees has long been in question. “The sad truth is that people earning Wal-Mart level wages tend to favor fashions available at the Salvation Army” (Ehrenreich, 2007). In less sarcastic terms, Wal-Mart employees cannot even afford to buy the clothes they sell and have to end up shopping at places like Goodwill and the Salvation Army to clothe themselves and their family. “You have to keep wages completely down;

Wal-Mart is a “Big Business” and they have held this title for many years. That is not to say they present a negative connotation to most Americans. Quite the contrary, Wal-Mart is a global leader in offering low cost merchandise, a variety of items to choose from, a clean environment in which to shop. Additionally, they are one the largest employers in America, they are still a private corporation, whom stocks rank first and second place. They promote within and they offer training and advancement for their associates (Fishman, 2006).

Wal-mart gives back to communities in the international markets where they manage giving programs. They support interaction philanthropy in the areas of hunger and nutrition, environmental sustainability, women’s economic empowerment and disaster relief. In 2013, Walmart and the Walmart Foundation gave $71 million in cash

Wal-Mart gives back to the community in several ways including donations to charitable foundations and by offering affordable grocery good

When Sam Walton founded the first Wal-Mart in 1962, the idea of bringing in a discount-shopping store into rural America was almost unheard of, except for the local five and dime stores. When Walton noticed that he had a lot of competition from regional discount chains, him and his wife Helen traveled the country to study other new retailing concepts, and were convinced that it was the wave of the future. With Walton's vision, Wal-Mart grew to be a multi-billion dollar, international company, operating about 4,600 stores around the world.

Wal-Mart was first opened in 1962 by Sam Walter as a retail store. It started out a five and dime store in Rogers, Arkansas and was called Walton’s. He opened this store with one goal in mind, to sale at the lowest prices possible, quality leadership and great customer services. He thought that his idea could change the retail industrial. Wal-Mart was built on a solid foundation that remains stable even after the death of Mr. Walton. Wal-Mart became the largest multinational retail store in America, with a grocery store and a pharmacy. There is a Wal-Mart in all fifty states and seventeen international states and has more than 2.3 million employees. This store

Wal-Mart, the big giant, the place where a lot of people usually do their shopping for the low prices and the variety of products were founded by Sam Walton. Walton was an entrepreneur with an innovative vision started his own company and made it into the leader in discount retailing that it is today. In fact, Wal-Mart is considered to be the biggest company in the U.S. and it has stores worldwide. According to PBS, “Wal-Mart employs more people than any other company in the United States outside of the Federal government, yet the majority of its employees with children live below the poverty line.”(www.pbs.org) In addition, Wal-Mart likes to portray itself as a seller of U.S. manufactured goods

Over the past twenty years one company has dominated the discount retailer market. It has been hailed as the most admired company in America twice in the past five years by Fortune magazine. As of 2006 the company employed 1.6 million people that worked in one of their 6200 facilities worldwide. Despite this company’s unmatched success, it has been demonized by many in American culture, often being depicted as a destroyer of small business and the symbol of corporate greed. The company that I am referring to is Wal-Mart. No matter if you are an advocate or adversary of Wal-Mart and their business model, one thing must be mutually understood: They have mastered