Wal Mart For My Hospitality Analysis

WalMart continues to have one of the most customer-centric mission statements of all discount retailers globally. Their mission statement is as follows "we save people money so they can live better" (Wal-Mart Investor Relations, 2013). From the first

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

The purpose of this business report is to gain familiarity with Wal-Mart and to learn about the different aspects that make Wal-Mart a successful company. This report gives an in-depth analysis of the company history, services and products provided, the company philosophy, business methods, organizational structure, and financial and competitive analysis.

Wal-Mart and Target both have a vision. The vision of both companies appear to be imbedded within the mission statements, there is no separation. Both companies are striving to save money for the customer. Target however has a more detailed approach as how they plan to do this and it is stated within the mission statement, which is,” to continue to provide an ongoing exceptional shopping experience by bringing more innovation to the store in the future”. Wal-Mart does not state what they are doing in an effort to save the consumer money just simply states that is what the mission is and not plans on how its done.

The mission statement explains why a company is in business and what their intentions are for their customers. The mission statement for Wal-Mart states “We save people money so they can live better.” “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” (Wal-Mart Corporate, n.d.). In my opinion the sole purpose of the existence of Wal-Mart is to produce a two-fold satisfaction for both customer and store. It equally accommodates both parties on a supply and demand curve. Wal-Mart understands the need for people to save money and have the flexibility to enjoy other things in life money can buy. Also, they understand their own need as a business to continue making profits. Reviewing the current stats of Wal-Mart (CNN Money), it is evident that they are meeting objectives of the people and the store. If Wal-Mart introduced brand name items, they would not be able to lower the cost for everyone which goes against what they stand for in accordance with their mission statement. Wal-Mart already has an established image, meaning that they have an image that captures the basic everyday needs. They are more focused on stretching the value of a dollar. The mission statement

Wal-Mart is at current encountering proceeding with development as it has since its creation. Enact for this kept going development is that during that time the trade has stayed reliable with its central goal of serving both its clients and aides furthermore keeping up its point of being the absolute best in markdown retail locations. At present Wal-Mart is the figure one rebate retail location in the United States pursued by means of Sears, K-Mart, Target and Kohl 's, deferentially, working in each of the 50 states. Wal-Mart is looking for different types of target markets within the Wal-Mart stores, Neighborhood Markets, Sam 's Clubs and widespread Division. The

Wal-Mart is a general merchandise discount retailer, which was incorporated in 1962. Wal-Mart’s history is based on one man, Sam Walton, who changed the course of retailing forever. Sam Walton first entered retailing when he was a management trainee at J.C. Penny Co. in 1940 in Des Moines, Iowa. After serving in the Army in World War II, Walton acquired a Ben Franklin variety store franchise with his brother James Walton in Newport Arkansas, until they lost the lease to the store in 1950. By 1962, when the first Wal-Mart Discount City was opened in Rogers Arkansas, both Walton’s were operating fifteen stores under the “Walton 5 & 10” name, and were the largest Ben Franklin franchisee in the

What is a mission and vision statement is what needs to be understood. Both have two purposes; the mission statement is what the company is doing and what its main objective is, and the vision statement is what the company wants to become. From the beginning Nike knew what they wanted to become and that was and is still to be the leader in the worldwide industry for sports apparel and athletic footwear. Nike focuses on producing the highest and best quality in athletic apparel and shoes worldwide. Nike does not really have a vision statement. The company’s growth through innovation and leadership is how Nike sees itself. The company has a strong vision of growth in the future.

By 1979 Wal-Mart is recognized for its first billion dollar sales year making 1.2 billion in sales. After doing so well in the business market another idea comes to mind to improve sales and make the business bigger than what it is. By 1983 Wal-Mart decides it should have wholesale items as well for customers to make even bigger purchases. The first Sam’s Club is introduced in Oklahoma for the whole sale market. It begins to rapidly grow as a business following other wholesale businesses such as Costco’s.

Wal-Mart is arguably the most dynamic corporation in the last 50 years in the United States, if not the world. Arising from its beginnings in Bentonville, Arkansas, it has grown to over 4,400 discount stores, super centers and corner markets worldwide. Wal-Mart continues to expand despite public criticism of its labor practices as well as complaints about their treatment of competitors. The many strengths of Wal-Mart, like their low cost production and marketing practices, will aid Wal-Mart as it continues to grow in the retail

“Always low prices”, is the first thing you think of when you think about one of the most successful companies around the world, Wal-Mart. For years they stand as a well know company due to their everyday low prices and variety of products. Their mission statement is “Saving people money so that they can live better”. They have chosen their mission statement wisely yet there is a lot of controversy when it comes to this International Company.

Mission: Wal-Mart is an American – based discount retailing store that implements that lower prices will result in higher sales volume, so to continue to provide customers with quality goods at everyday low prices will keep our customers satisfied and coming back.

Walmart is no one of the largest retail stores in North America. It is considered to be one of the most efficiently run retail business worldwide. To compare Walmart to luxury retailers has numerous contrasting factors both in goods and services provided. The most significant factor is the price when comparing Walmart to luxury retailers. Walmart is committed to saving its customers money so they can live a better life; this is why their products are reasonably priced goods whereas luxury retailers tend be highly priced. Walmart’s mission statement: “People, Saving Money, Living a Better Live”

The mission statement communicates to stakeholders the main activities that the company focuses on in order for it to achieve its vision. The mission statement communicates to employees’ information on how to conduct their day to day activities. The mission statements also describe the organizations, policies, culture as well as ethics (Alesia 2013).

In Wal-Mart’s strategic planning stage, they are highly regarded as visionaries. One thing that Wal-Mart prides themselves in is the fact that they develop