Wal-Mart Organization: Industry Overview

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In today's society, Wal-Mart is known as one of the leading competitors of retailing. Wal-Mart was incorporated in 1962, with the goal of becoming the world's biggest and best in the retail world. Over the years, this company has developed into a brand image and market pace to be one of the biggest known industries of all time. Wal-Mart is double the size of its closest competitor with the motto 'Save Money. Live Better.' The owner, Sam Walton, said it best "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" (Walmart.com, 2009). Industry Overview & HistoryThe 1970's produced a huge growth for Wal-Mart and the distribution center and…show more content…
Only one of its many opposition groups, The Organic Consumers Association, has published another report titled "Wal-Mart: Reaping Profits from the WTO and NAFTA" blatantly accuses Wal-Mart of using these important trade contracts to benefit themselves while destroying elements of economies in developing countries such as China and Mexico and undermining workers' rights in those countries, where unions are non-existent or even illegal (Juhasz, 2005). One thing is for certain-while very few government policies have drastically affected Wal-Mart to date, the changing tastes and demands of American consumers and the pressure they can put on their politicians may soon have Wal-Mart back-stepping if they are not careful to change their public image. Economic OpportunityWal-Mart's overall impact on the retail industry and beyond has changed the way business is conducted globally, and increased consumer benefits - regardless of where they shop. From raising tax revenues and lowering overall pricing on goods, to boosting customer traffic at surrounding stores and creating new jobs, Wal-Mart takes every opportunity to be a good neighbor and to provide economic advancements in communities it serves throughout the world (News by Topic, 2009). International OperationsWal-MartInternational stores, just like those in the U.S., provide excellent customer service and
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