Wal Mart 's History And Management

Walmart is the preeminent organization that was established by Sam Walton in 1962 and now Walmart’s leads globally including Canada. Walmart was first started as small discount store with the slogan of “more for less”, and now it has grown worldwide in last five decades into the one of the biggest retailer across the globe. And today Walmart controls over 11,000 retail unit under 65 banners in 28 countries with workforce of 2.2 million associates across the globe whereas 1.4million in the U.S alone. Walmart also hires full time and part time employees with the minimum qualification. Company targets the domestic customer looking for more with less spending power. Walmart has deals going throughout the year with amazing offers which fulfills customers need.

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.

Introduction – Wal-Mart, founded by Sam Walton in 1962, is one of the world largest companies by market capitalization and number of people employed and touching millions of customers everyday. There are more than 7,800 Wal-Mart stores and Sam’s Club locations in 16 markets worldwide and there are more than 2 million associates serving more than 100 million customers per year (About Us, n.d.) It is the largest grocery retailer in the United States with an estimated market share of around 20% of the retail grocery and consumables business. To be able to efficiently operate such a complex operation at such a large and do it consistently would only be possible by the huge effort by Wal-Mart’s ‘associates’ as its

Wal-Mart’s mission statement is, “Saving people money so they can live better.” This statement was what Sam Walton aimed for over fifty years ago. According to Wal-Mart Stores, Inc. (2015), there are now 11,488 stores worldwide and 5,187 of the stores are located in the United States. This company has grown each year since opening in 1962 and is still growing. Wal-Mart is and remains a successful company do to its use of the four managerial functions, all of which are needed to have a successful Management Process. In this paper I will explore how Wal-Mart uses the four managerial functions: planning, organizing, leading, and controlling to maintain their position on the Fortune 500

Wal-Mart, founded by Sam Walton in 1962, is the world’s largest retailer and public corporation. It operates over 6,500 stores worldwide, employs 1.9 million associates, and serves more

Walmart is a multinational corporation with 11,000 retail locations located in 27 countries and is the largest retailer in the world. With over 2.2 million employees, Walmart is the also largest employer in United States the world. The history of Walmart dates back to 1962 when founder Sam Walton opened the first Walmart store in Rogers, Arkansas. By the late 1960s, total sales were over $12 million with 24 Walmart stores spread across Arkansas (Riffel, 2014). “By the end of the 1970s, Wal-Mart had expanded into a number of different services in its stores—selling pharmaceuticals, adding auto service centers, and introducing jewelry divisions.

The principal objective of this research paper is to demonstrate how several people have been impacted by the gigantic company Wal-Mart. This paper explores an argument in favor regarding how the company has been performing its business and how thousands of individuals have beneficiated from it. The factors will be explained in detail which will be leading us to the conclusion that Wal-Mart is creating a positive environment throughout and every angle of society.

The top-level managers consist of employees holding executive positions. Top managers are responsible for developing and defining the organization’s purpose and strategies. The Chief Executive Officer of Walmart is Douglas Mcmillon. The Executive Vice President is Pam Kohn she is responsible for development and joint business planning.

Walmart is an American business, retail organization that controls a chain of discount department stores and warehouse stores known for their (EDLP) “Every Day Low Prices” strategies. Walmart was founded by Sam Walton in 1962 and united on October 31, 1969 as Walmart Stores, Inc. The company head office is located in Bentonville; AR. Mainly my perception of Walmart is that it was primarily created to improve the lives of their customers by obtaining low prices and allowing their communities to save money. Walmart begins public trading in 1972 on the New York Stock Exchange. From 1972 to 1980 with nonstop progression Walmart was operating in 15 states with 280 stores.

Walmart started off as a retail store in Arkansas. It was founded by Sam Walton in 1962. Now it's one of the largest food retail stores in the United States. In 1987 Walmart opened bigger Hypermart USA stores which a grocery store, a merchandise market and other services such as restaurants and video rental stores were combined. Walmart opened its first supercenter in 1988. Hundreds of supercenters were opened during the 1990s under David D. Glass who took over as CEO and president in 1988. In 2001 Wal-Mart became the largest food retailer in the United States when its grocery sales reached $56 billion. In 1998 the Wal-Mart Neighborhood Markets came out mainly to compete with traditional grocery stores and convenience stores.

In every organization there are managers, and every manager is classed on different levels in terms of the skills they need and the activities they are involved in. Managers exist at various levels in the organization hierarchy. A small organization may have one layer of management, where as a large organization may have several. In most organizations there are three level of managers. The three level of managers are, first line manager, middle manager, and finally the top-level manager. Managers at different job levels have different job responsibilities and therefor require different skills.

Walmart is the largest public corporation by revenue dealing with big discount departmental stores. The company was started by Sam Walton in 1962 and became incorporated in 1969. Walmart operates under different names in different countries. According to fortune global, Walmart is the largest company globally by revenue. It is a family owned business controlled by the founder’s family. The company operates grocery stores and own retail warehouses. There are a massive number of workforces in the company with the adoption of e-retail systems through the launch of online retail stores.

Wal-Mart was founded by businessman Sam Walton in 1962 as a small retail store in Arkansas, USA. From there it has grown to become the largest retail giant in the world. Ranked by Forbes 2000 list for 2011 as the 18th largest public corporation in the world, Wal-Mart is the highest revenue generating public entity in the world as of 31st January 2011, with gross revenue of 422 billion US Dollars (Walmart Annual Report, 2011). It is also noted for being the largest private employer in the world having just over 2 million employees serving in 8500 stores, in 15 different countries, under 55 different names, worldwide. (Daniel, 2010)

Wal-Mart Stores, Inc. branded as Walmart, is an American public corporation that runs a chain of large, discount department stores. The company was founded by Sam Walton in 1962, Walmart operates in Mexico as Walmex, in the United Kingdom as Asda ("Asda Wal-Mart" in some branches), in Japan as Seiyu, and in India as Best Price. The CEO is Mike Duke.