Wal Mart Vs. K Mart

3174 Words Dec 1st, 2014 13 Pages
Wal-Mart vs. K-Mart
Introduction of the Wal-Mart Company “A megacorporation with sales that consistently rank it as the number-one or number-two publicly traded company in the United States and in the world, Wal-Mart has impacted wage rates, prices, and economies on a local, national, and global scale. It is arguably the world 's most important privately controlled economic institution. It not only has no rivals, it actually influences the prices set by its suppliers and has often seemed impervious to challenge, let alone accountability” (Fishman 6).
A company focused on the motto “Save Money, Live Better,” Wal-Mart must be doing something right. According to Doug McMillon, CEO and President of the Wal-Mart Stores, Inc., “Under this leadership, Walmart is bringing together its stores, logistics network, and digital commerce capabilities in new ways to empower customers to shop whenever, wherever and however they want.” The first official Wal-Mart store opened its doors in Rogers, Arkansas in 1962, and since then has flourished into a prestigious multi-national chain of stores.
History of Sam Walton: Founder “There is only one boss- the customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.” These were the famous words that were spoken by Wal-Mart founder himself, Sam Walton, and those values and ideas just happened to have steered Wal-Mart into the right direction, along with Mr. Sam a rich man.…

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