The Wal-Mart Story

(3) The most important ingredient in Wal-Mart success was the way it treated its associates. He believed that if you wanted the people in the stores to take care of the customers, you had to make sure that you were taking care of the people in the stores.

Wal-Mart has three basic beliefs that are an integral part of their teamwork. The first is respect for the

They are able to take out valuable facts and information from their own knowledge and from research they were able to accumulate. “families who shop carefully at Wal-mart can actually budget more for investing on children funds or entertainment. And unlike other giant corporations , Wal-mart stores around the country make an attempt to provide a friendly atmosphere by spending money to hire greeters, who are often people who would have difficulty finding any other job.This is a partial solution to shoplifting problems; the solution Kmart applied (“Hey, what's in the bag?”) didn't work as well”(Brad Edmonds and Karen de Coster) This displays logos by staggering us with a factual paragraph stating that if someone really wanted to save money by shopping at Wal-mart they would have to do it carefully and then they would be able to invest on a childs fund for college or be able to save that money by investing it on something else. And Unlike other mom and pop shops Wal-Mart draws you back each time because they hire people that have a more difficult to time finding an ordinary job either because of their criminal records or because of a disability, unlike other stores they have greeters that make Walmart a more hostile environment to shop at. This strengthens her claim because it shows fact about how Wal-mart has a plan to be outgoing and be able to make it.

Wal-Mart evolved from Sam Walton’s purpose for great price and great consumer service. “Mr. Sam,” as he was known, believed in management through service. The principle that true leadership depends on willing service was the standard on which Wal-Mart was built, and drove the choices the business has made for the past 50 years. So much of Wal-Mart’s past is attached to the story of Sam Walton himself, and so much of our future will be deep-rooted in Mr. Sam’s principles. Sam's rivals thought his plan for a thriving business couldn’t be built around low prices and great service. As it happened, the company's achievement went beyond even Sam's hopes. The company went public in 1970, and the profits funded a steady growth of the business. Sam recognized the rapid increase of Wal-Mart not just to the low prices that fascinated consumers, but also to his staff of workers. He depended on them to give customers the great buying experience that would

Walmart employees, customers, and suppliers have seen their fair share of Walmart’s bad side. While Walmart’s founder, Sam Walton, claims to make their employees feel like they “are working for them” and that they care Walmart has done such a horrific job with the way they treat their employees that one day, the workers decided to walk out and go on strike. They walked out on the grounds that they “were emblazoned with the workers’ grievances: poverty wages, miserly benefits, dignity denied” (Eidelson 1). They felt like they weren’t only taking a stand against Walmart, but also taking a stand for the younger generations to come. Walmart’s employees are getting treated unfairly and are underpaid. The CEO’s, Michael Duke, annual salary gives him more money in an hour than an employee who works full-time would make in an entire year. In Bangladesh, over 100 workers “died in a factory without outdoor fire escapes, NGOs blame Walmart for pushing deadly shortcuts” (Eidelson 1). Not only are the employees being poorly paid by Walmart, but they are paying their life to Walmart just to make enough money to barely get by. Walmart even made a pregnant employee work around chemicals that eventually made her ill. After a trip to the doctor, Walmart allowed her to be put on a lighter duty, so they made her a door greeter; however, they

It almost seems ridiculous now because Walmart is one of, if not the number one, retail department store, but at one time people could not believe it would be successful at all. Though by 1970 Walmart was expanding and others were beginning to realize the potential Walmart had. Sam himself was shocked that what he had created was now booming. Sam was quick to credit not only himself but his loyal associates who were pleasing and meeting customer expectations. The relationship

“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 better life.” –Sam Walton (“What We Do”)

On July 2, 1962, Sam Walton opened the first Walmart in Rogers, Arkansas. Walmart’s story is the story of American capitalism. According to a 2012 study, more than 140 million Americans shop at Walmart each week. That’s more than how many people were at the 2012 Super Bowl. But there’s more to Walmart than what is on the surface. In this essay, I want to talk about and present the company’s actions.

Sam Walton, the founder of Wal-Mart, which is the biggest retailer in the world, had coined the famous saying ‘individuals don’t win, teams do’. There are several characteristics of Sam Walton that enabled him to be successful in his life and business dealings. Sam Walton could do anything he put his mind to. This can be witnessed in his ability to transform a small town store into a 25 billion-dollar industry at the time of his death. Also, Walton difficult childhood gave him something to strive towards later on in his life.

Wal-Mart needs to regain that perspective in order to propel itself into the future of success. Their corporate tactics of making money and reducing costs incurred by employee benefits needs to be readdressed and realigned with the views of Sam Walton.

Sam Walton understood people and knew how to choose excellent employees. Walton successively acquired valuable managers and personnel to operate his new stores. “Of course, I needed somebody to run my new store, and I didn’t have much money, so I did something I would do for the rest of my run in the retail business without any shame or embarrassment whatsoever: nose around other people’s stores searching for good talent.” (Walton, 1992, pg. 35) Sam Walton knew acquiring employees with good teamwork skills and strong work ethics would decrease employee turnover. Low employee turnover ultimately equated to lower hiring costs and fewer instances of Wal-Mart employee termination requiring severance payments at financial loss to the company. Furthermore,

Sam Walton's book attributes different things to the success of the Wal-Mart stores, one of these being his approach to management. To keep management on their toes and involved, Sam offered them the opportunity to become limited partners if they would invest in the store they were to oversee. Since most of the managers of Wal-Mart own a piece of their store, they are naturally more concerned with

Founder Sam Walton explains that, "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 better life." This formed the basis for the new Wal-Mart slogan (which also sums up its mission statement) launched in 2007, "We save people money so they can live better". The business model of the company is also based on the aforementioned slogan. Thus, most strategies are based on cost cutting through-out the supply-chain to reduce prices on

Wal-Mart’s slogan “Everyday Low Prices” is the milestone of their communication with the public as well as their basic business principle. The corporation mainly used word-of-mouth advertising and spent a lot less on marketing than the industry competitors. A strong emphasis was put on patriotism and national causes, when it comes to the U.S. market.

Sam Walton 's first venture as a milk boy is when he understood the value of a dollar and the knowledge of how far a dollar could take one in life. From Sam 's first five and dime stores in the 1950 's to his opening of the first Wal-Mart in Rogers, Arkansas in 1962, no one could have predicted the enormous success of this small-town merchant. Today, fourteen years after his death, Wal-Mart continues to grow and leadership of this company continues to rely on many of the traditional goals and philosophies that Mr. Walton left behind. In keeping one step