Wal-Mart Internal/External Factors

Walmart was founded by Sam Walton to bring affordable household products to people in small towns. Sam Walton put the customer first, building a great company with dedicated employees and core values of service to customers, striving for excellence and acting with integrity

Walmart is the largest discount retailer in the world. The company started out as a small chain of stores in rural towns. Walmart was founded by Samuel Walton in 1962. In the United States they employed the most workers. Walmart supply grocery store and automotive repair shop for customers. With this being one of the largest chain stores valUes and attitudes is very important in the workplace.

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.

Walmart was founded on the belief stated above by its founder Sam Walton in 1962. “Saving people money, so they can live better,” was the main objective when Sam Walton opened the doors to the first Walmart (“History”). Today, Walmart is the world’s largest retailer and corporation in the United States and have been awarded and recognized by various organizations for being the best employer throughout United States and other countries. By the Fortune magazine, it is listed as one of the most admired

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

Sam Walton made a decision to sell high volumes of the products he would carry, and keep the sale prices lower than his competitors to reduce his profit margin. He was inspired by the success of other discount department stores and hired an assistant Bob Bogle, who came up with the name Wal-Mart (Dutton, 1990). By 1967, the company had grew to a total of 24 stores across Arkansas. Shortly after, Walton moved the stores to different states in Missouri, and Oklahoma. Once the 70s hit, Wal-Mart boomed into 5 more states and had over 10,000 employees. This was also when Wal-Mart started to branch into different niche segments of the market. Some examples of these are the auto care center, pharmacy, and jewelry selections. By 1982, Walmart had expanded into Florida, Georgia, South Carolina, and Nebraska. This was also when Sam Walton implemented the “people greeters” in all of their stores, which was a huge hit in the public 's eye. Because of their extreme expansion and all inclusiveness about their stores, Wal-Mart in 1988, became the most profitable retailer in the United States. Although it did not surpass Kmart, and Sears in terms of items purchased until late 1990. By 1991, Wal-Mart had expanded to all 50 states and would go international with its first store outside

Wal-Mart is one of the most successful retailers in the world (Wal-Mart corporate 2012). Currently, there

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

Wal-Mart Corporation, founded by Sam Walton, opened its doors in 1950 in Bentonville, Arkansas as Walton’s 5&10. Sam want to take advantage of the different hunting seasons that living at the corner of four states had to offer (Wal-Mart 2017). Inspired by the early success of his dime store, and driven to bring even greater opportunity and value to his customers, Sam opened the first Wal-Mart in 1962 at the age of 44 in Rogers, Arkansas (Wal-Mart 2017).

Sam had given credit to the success of Walmart not only to the low prices that they offered, but also to the associates that he had hired to work for his business. He offered his employees something that was completely unheard of, he asked them to be apart of the success of his company. He didn’t treat his employees like employees, he treated them like family and wanted them to succeed along with the business. As Walmart became more and more successful with each coming year, Sam got more ambitious and opened up alternative stores such Sam’s Club and Walmart Supercenter and even decided to branch out into Mexico. The company’s official purpose is, “If we work together, we’ll lower the cost of living for everyone..

Abstract; this report examines the ways in which Wal-mart responds to internal and external factors such as globalization, new technology, innovation, diversity, and ethics. Wal-Mart is a successful industry giant, so it stands to reason that they are proficient at responding to internal and internal factors and thriving . In this essay we explore Wal-Mart’s programs and initiatives and access if we could use their examples to learn from and grow as managers and business owners.

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

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’s first store was opened up in Rogers, Arkansas in 1962 by Sam Walton. Walton had owned a retail store in the previous store and decided to utilize a unique concept to achieve high sales and rise above his competitors in the town and industry. Walton reduced the prices of his products so that they were lower to those that were being offered by the competitors. By 2007, Walmart had over 3,400 retail outlets throughout the country. The store also had 1.3 million employees and had facilitated about 6.49 % of the country’s sales in retail. Walmart deals in the sale of apparel, music, groceries and some household products. In 2005, Walmart’s end of year profits had exceeded those of other retail stores combined such as Target, Costco, Home Depo, and Sears Holding Company.

Walmart's knowledge of the market is its wide range of customers who buy at retail are very big advantage compared to amazon.com and a very good foundation for success in the online market to Walmart in the near future to take advantage and become the market leader of online sellers. Factor that currently limits the growth and development of the Walmart stores is limited to the place of delivery, ie they do not deliver their goods to customers outside the U.S. and I think there are very large room for improvement at least to start in those countries where they are present and their physical stores .