Wal Mart And Its Impact On The United States

The Wal-Mart company was established on July 2, 1962 in Rogers, Arkansas (History Timeline). The company was based on the vision of Sam Walton, who believed in giving his customers the lowest prices, anytime, anywhere. By 1967 the Walton family owned 27 different stores, and in 1969 they officially incorporated, becoming Wal-Mart Stores, Inc. Just a year later in 1970 Wal-Mart went National, proving the wide spread appeal of Sam Walton's beliefs (History). This same year Wal-Mart became a publicly traded company, with its first shares priced at 16.50. A short year later the company was listed in The New York Stock Exchange (History Timeline). The 80's were a major success for this company. In 1983 the first Sams Club opened, this was and still is a store that sells product in bulk to small businesses and individuals. In 1988 the first Wal-Mart Super center opened. The Super center combined a full scale supermarket with general merchandise to create one stop shopping convenience (History). In 1992 the company suffered a hard hit when Sam Walton passed away at the age of 74. Although they lost the man at the heart of the company they were determined to carry on with his vision, and so they did. In 1996 they opened their first stores in China (History Timeline). By 2002 they reach the top of the Fortune 500 ranking of Americas largest companies. In 2012 Wal-Mart celebrated 50 successful years of business. Today the company employs 2.2 million associates worldwide and serves

In 1962, Wal-Mart opened their first store in Rogers, Arkansas. In 1970, Wal-Mart's first distribution center and home office in Bentonville, Ark. open and Wal-Mart went public on the New York Stock Exchange. Just nine years from that, Wal-Mart's annual sales exceeded one billion dollars. In 1988, Wal-Mart super centers opened across the country. In a merely three years from that, Wal-Mart opened their own store in Mexico City, Mexico; making Wal-Mart an international corporation. Not even sixty years has past, and yet, Wal-Mart is over-powering our country.

On July 2, 1962, Sam Walton opened his first Wal-Mart in Rogers, Arkansas. Over 50 years later, Wal-Mart became known as the largest private employer in the United States and the largest retailer in the world. Wal-Mart have expanded to over 4400 stores across the globe. Americans truly love Wal-Mart. When there is not any groceries at house the first thought comes to mind is Wal-Mart. Wal-Mart have the cheapest and lowest price that everyone can afford, so when the groceries are scarce at home most often Wal-Mart will be the next stop. People love shopping at Wal-Mart since it is more convenient than any other store around. Wal-Mart plays a tremendous growing role in America’s economy. More than 100 million customers visit Wal-Mart every week, but is Wal-Mart good for economy? This a question that many Americans never assumed or inquired. Wal-Mart is effecting America in a lot of ways. Wal-Mart has devastated thousands of small industries and innumerable manufacturing jobs over the past decades (Economy in Crisis). Wal-Mart has become so massive in retail that it sells five times more than any other retailer in the country. Sadly, 85% of the items on Wal-Mart’s shelves comes from foreign countries. This in turns hurts America’s economy, taking thousands of jobs away and taking countless revenue. Wal-Mart is a textbook illustration of where our economic system is headed.

Walmart is the go-to shopping center for most Americans, but are they fully aware of the negative impact Walmart has caused America? Many people shop where they can find everything at once and is in a decent distance from their home, but most shoppers don’t realize what they are really purchasing or the truth about the stores they buy from. If more Americans knew what they were really getting out of their shopping trips at Walmart they probably wouldn’t come back. Walmart has a privative effect on America more than people realize. The people they hurt in the process of trying to “Save money” and “Live Better” are the backbone of the business, the products they sell might as well be used, and their crime rate escalates more and more, and

With advanced technology comes the globalization and moving businesses to third world countries from U.S. This movement caused the rate of unemployment to rise and people see themselves in struggle to take care of their families. These issue are the complex of corporations in America. After seeing the movie (The Corporation) based on the book written by Canadian Professor Joel Bakan, we see that corporations are institutions that creates great wealth and profit but in the other hand causes enormous and hidden harm to people. Corporation cannot be imprisoned for criminal activities. Corporations are not humans they are designed by law to be concerned only for their stockholders. This is the issues that we see in our modern society the rich

Wal-Mart is a brand that is well known around the world, especially in the USA. It has gradually developed into the largest retailer in the world. Wal-Mart’s globalization efforts have been happening rapidly. But have they been successful in all aspects of their international expansion or not? This is the main thought that is going to be discussed in this essay. The questions I will be looking at are based on a case called “Wal-Mart takes on the world” from the book of International Business The Challenge of Global Competition eleventh edition – Ball, McCulloch, Geringer, Minor, and McNett. Questions are the following:

Wal-Mart is sitting at number one on the Global Fortune 500 list. Sam Walton would never have thought that his creation of Wal-Mart in 1962 would lead to a global dynasty. By 1972 Wal-Mart went public which gave an infusion of money and capital for Mr. Walton that gave them 276 stores by 1980. In the mid 80's Wal-Mart expanded to having member only warehouse stores, Sam's Club. From there Wal-Mart opened supercenters that included full grocery and 36 departments of regular merchandise. By the end of the 1980's there were 1,402 stores and 123 Sam's Clubs (Wal-Mart corporate 2012).

As the world’s largest retail store in the world, Walmart wants to be in every market that they can be prosperous in. They know they rule the United States market, so why not try to expand overseas and dominate those markets as well. Now that they have reached limits on expansion here in the U.S., the next step was to test the water in other nations. As they began to go international, there were many critics saying they will never make it because their business practices and culture wouldn’t work in other countries. Yet the company’s globalization efforts progressed at a rapid pace. Its more than 4,263 international retail units employ more than 660,000

Wal-Mart stores co., LTD. (which from now on is referred as "Wal-Mart") was founded by a legend of American retail industry, whose name is Sam Walton, in 1962 in Arkansas. After 50 years’ development, Wal-Mart has become one of the world's largest retail enterprises. At present, Wal-Mart have opened more than 8500 supermarkets in 15 countries with more than 1.6 millions employees, which are located in the United States, Mexico, Germany, Britain, China, South Korea and so on. According to the survey, the amount of customers to Wal-Mart is nearly one hundred million each week.(wikpeda,org)

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

Walmart struggled when initially entering into the global market. The development Walmart embarked on in the beginning of the 90’s, in their eyes had a promising start, however, the patrons of Hong Kong did not reciprocate that vision. Within the first couple of years, the first operation oversea was a bust. Shortly after the Hong Kong catastrophe, Walmart tried to move into Indonesia and soon found themselves faced with protesting and destruction with their store. After that interaction, the organization found that they were unable to correctly identify the local customer wants and needs in Asian markets. They also misjudged the location of stores and placed them to far from consumers, therefore, the stores were not accessible.

The following paper is a summary of how Wal-Mart has faced limited growth on American soil, was forced to look else- where for growth opportunities, particularly in foreign countries, where market shares were already established.

This paper will answer the question of what it means to be a trans/multinational corporation in the 21st century. Walmart is the corporation that will be the focus of this paper. Through examining case studies and expert business analyses of Walmart, this paper will identify what the company sells, where the facilities located, and refer to aspects of capital, labor, and markets of it is final product. Also, this paper will examine the social costs or externalities produced by a multinational corporation such as Walmart. Walmart was chosen for this essay because it is one of the largest trans/multinational corporations in the world. There have been many business analyses conducted on Walmart that focus on its factors of production and this paper will compile information from these analyses.

Frederick W. Taylor was ahead of his time for his concept of Scientific management. It was a revolutionary way of running a business, that swept all over the globe, and his ideas were applicable to many different industries. Substituting disorder and conflict for a new untested method of control, cooperation, and science. Taylor understood there were no incentives for working harder. Knowing this, he payed workers based on output, allowing workers to make more money on any given day. It seemed like everyone would enjoy and prosper under this system, but that was not the case. Workers liked the opportunity to make more money in this system but many of them resisted this new idea. Being under constant supervision made work much harder for them.

Walmart has retail store interests in Brazil, China, Puerto Rico, Guatemala, Argentina, and Brazil. The retail store sold the stores that it had in Japan and Germany. Wal-Mart also operates Sam’s Club, which is a membership store that started operations in 1983. As of 2014, Sam’s Club had sales that exceeded those of