Wal-Mart History Paper

Wal-Mart being one of the big company get its supplies cheaply and in a large quantity. This disables other supermarkets to compete with Wal-Mart. Where ever a Wal-Mart opens, many other stores close down because all their customers have been stolen by Wal-Mart. Wal-Mart doesn’t pay its employees enough money to support their families’ because the wages are not designed to support a family. Even though, it can afford wage increases they still don’t do it.

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 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

Wal-mart may be a topic of controversy but they also have a huge effect on the scale of global social responsibility.

Wal-Mart has eliminated the hustle of going from store to stores to get specific items. Even though many fear it’s taking money away from business, it is argued to be a necessary part of the American Economy. Hoeing says, “The charge that Wal-Mart puts local ‘mom-and-pop’ stores out of business is a validation of the company, not a demonizing of it.” This states that variety Wal-Mart deems itself more powerful than the smaller and less successful businesses.

Wal-Mart is affordable, convenient, fast, and many more things to the average American, however, Wal-Mart has failed to hold up ethically in the global market. Not only are small businesses in America poorly effected by their malpractices, but countless young workers in China, Bangladesh, and Mexico are morally and financially bankrupted. The current American Wal-Mart employee starts their wage at around $9.00 an hour, which is hardly something to complain about in today’s economy. The issues we have had with Wal-Mart about maltreatment of workers in the U.S, seems to be subsiding.

What are the problems that Wal-Mart has faced, and what has the company done to address them?

One of the largest retailer in the United States is known to many of us as Wal-Mart; boasting over 3,500 domestic stores in the United States, with continued growth in their numbers…and about 1,300 locations in Canada, Mexico, the UK (only Western), Germany, Asia and South America (Mergent). Many of these stores include Supercenters, Sam’s Clubs, and smaller Neighborhood Market centers. Wal-Mart primary focus is on based on six strategic merchandise units: grocery, entertainment, hardlines, health and wellness, apparel, and items for the home (Mergent). Since the begininning of the company in 1962, Wal-Mart has skillful continued growth and prosperity. Its long standing history of profitability and prominence thoughout North America, are key indicators of its future success.

Wal-Mart exhibits a huge and thriving presence in the fluctuating society of business. The company, at the time of this writing, guided over 3,400 stores in the United States, as well as over 550 Sam’s Club establishments (Basker, 2007). Wal-Mart has become one of, if not the, largest merchant in the U.S. and abroad thanks to an individual who envisioned a prosperous future.

Wal-Mart, the large international discount chain was founded by Sam Walton. On May 5, 1950, Walton purchased a store in Bentonville, Arkansas, and opened Walton’s 5 & 10. Little did the small town residents know that they would later become the headquarters for the world’s largest retailer store in the U.S. Through his savvy, and sometimes unusual, business practices, he and his associates led the company forward for thirty years.

Wal-Mart has quickly become the world's largest company with its one stop shopping convenience and low prices. There is no debating that Wal-Mart is a dominating force in the American and world economy. However, there is a clash between two different views of how Wal-Mart achieved this status. The defenders of Wal-Mart say that they are so successful because they are market savvy and make good economic decisions. The other side argues that Wal-Mart only became successful by killing off all their competition with their low prices. The only thing that matters to those that like the company is that they save consumers money through their low prices, but you cannot tell this to all the owners of smaller stores that Wal-Mart has put out of

Wal-Mart emerged in the early 1960’s as a one-stop shop, advertising everyday low prices. The idea quickly took off and expanded beyond the original store in Arkansas to all across the U.S. by the 1980’s. People loved the convenience Wal-Mart provided, eliminating multiple trips to different stores and saving time. They also saved money by shopping here, so it was an obvious choice for many consumers to shop at and support Wal-Mart. But behind their low prices and convenience, a more sinister motive exists. The true price of big business like this is unfair wages, unethical practices, destruction of the environment and damage to local companies.

Walmart is a business founded by Sam Walton and still owned by the Walton family. The company was first established in 1962 with the first store opening in Roger Arkansas. Like any thriving company, it started out as a small business, which was incorporated in 1969 and gradually became the Walmart we know today. By 1980 Walmart continued to grow with thousands of stores and sales in billions of dollars, quickly moving to online shopping, and offering its consumers new means of shopping experiences by the 2000s. Without Sam Walton, all progress made on Walmart today would not have occurred. Sam Walton said, “If we work together we’ll lower the cost of living for everyone...we’ll give the world an opportunity to see what it’s like to save and have a

With regards to Wal-Mart Stores Inc., Porter 's five forces structure can be utilized to examine the intensity of Wal-Mart 's industry. Wal-Mart’s changed from a little chain of markdown stores to the world’s biggest retailer. Wal-Mart’s transformation from a small chain of discount stores in Arkansas, Missouri, and Oklahoma in 1970 to the world’s largest retailer was one of the most remarkable corporate success stories of the 20th century (Grant, 2008, p.57). Wal-Mart works in the retail business which is tremendous, growing, and greatly aggressive. Wal-Mart operates in a conventional range of markdown retailing. In its traditional area of discount retailing, Target was proving an increasingly formidable competitor, while several of the rivals that Wal-Mart had believed it had crushed – Kmart, Sears, and JC Penney – were being revitalized by new management (Grant, 2008, p.58). Wal-Mart’s fundamental rival is Target however different companies include Kmart, Sears, and JC Penney. Target may be the greatest competition for Wal-Mart since they both keep growing in the same market. Wal-Mart’s success had been based on a strategy that emphasized a few key components: commitment to “everyday low prices,” responsiveness to customer needs, matchless logistics supported by leading-edge IT, committed employees, and unremitting cost cutting founded on a culture of frugality (Grant, 2008, p.58). The risk of new entrants could incorporate food merchants on the off chance that

Wal-Mart is the leading company in retail markets worldwide, with net sales of $ 344,992 million in 2007. Many would argue that Wal-Mart is the face of retail globalization. Nevertheless, this multinational company had to struggle through testing times to reach this status. The growth of any corporation is neither assured, nor a straightforward process – Wal-Mart’s development was not only connected with executive ambition, motivation, progression and new opportunities; but also inevitably uncertain times, unnecessary costs, legitimacy and resistance. This consequently lead to Wal-Mart’s failure in