Wal Mart And The World Save Money And Live Better

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Jacob Gourley Professor Crossin MGT-305 April 15, 2015 Research Paper Wal-Mart Wal-Mart was founded 52 years ago in Rogers, Arkansas by a man named Sam Walton. He wanted to start selling products at low prices to get higher sales. In 1945 he bought a branch, and with sales increasing to 45% within the first year, Walton’s store received $105,000, which is about $1.38 million in today’s market. Every year after that, sales were on a steady rise. In 1970, Wal-Mart had 38 stores, 1,500 employees, and sales of $44.2 million. Ten years later there were 1,000 more stores, and sales of $15.9 billion. Today their sales revenue has been $473 billion. They employ 2.2 million people worldwide, 800,000 of those employees are international …show more content…

At the time of his first job, he was studying at the University of Tulsa to pay for his college tuitions. Over time he was given many different responsibilities within the Sam’s Club and Wal-Mart departments. For three years, 2006-09, he was President and CEO of Sam’s Club and from 2010-13, he was President and CEO of Wal-Mart International. This current year, he has taken over the Wal-Mart franchise. When he was the CEO at Sam’s Club, he gained more reputation by focusing more on smaller business owners and acquiring items that would help them compete better with one of their main rivals, Costco. While the CEO of Wal-Mart the company showcased their “everyday low prices” slogan that grew international sales to 29% of the company’s totals. 1. Do you think Wal-Mart is doing enough to become more sustainable? Yes, I think that Wal-Mart is exceeding to become more sustainable. Wal-Mart is one of the top corporations and it is continuing to grow exponentially. There are three sustainability goals that Wal-Mart has put out to the public, and currently they are meeting every one of them. Among Wal-Mart’s sustainability goals are its intentions to be supplied entirely by renewable energy, create no waste, and sell products that sustain people and the environment (Ferrell, Fraedrich, Ferrell). At the end of 2013 Wal-Mart had more than 300 energy projects which provided more than 2.2

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