Walmart '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.

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 Organization that we selected as our topic of discussion in our Project Paper is the Wal-Mart Corporation. Sam Walton is the founder of Wal-Mart. He opened his first store called Wal-Mart Discount City in Rogers, Arkansas in July of 1962. Their corporate office is currently located in Bentonville, Arkansas. Wal-Mart Stores Inc. incorporated its stores on October 31, 1969. In 1972, they started selling stock on the New York Stock exchange. Although, though the company has had controversial operational business practices they have grown to be the largest Retail Corporations in the world. In 1997,

Top-level managers are responsible for controlling and evaluating the entire organization. Middle-level managers are responsible for implementing the organizational plans which set by the top management officals. The middle managers act as a link between top-level management and low-level management. Low-level managers focus on controlling and directing. They supervise the employees on their work. Top-level managers include the board of directors, president, vice-president, and CEO. They are responsible for setting goals, strategic plans, company policies, and make decisions for the entire organisation. In addition, top-level managers play an important role in utilizing the outside resources. Top-level managers are accountable to the shareholders and general public. Middle level management includes General managers, branch managers, and department managers. They are accountable to the top management for the effective function of each

Planning, organizing, leading, and controlling—the four management functions—are seen in a variety of business environments. Different factors can have an impact on these four management functions. The factors are: globalization; technology; innovation; diversity; and ethics. These factors as they apply to Wal-Mart, one of the leading retail stores in the world, will be examined in this paper.

Senior Management- These are a team of individuals who are at the highest level of management, they have the day-to-day task of managing the organization. Would make decisions on whether they are going to cut back on certain products, purchasing and developing new stores, salary scales in the stores, ensuring they are legally compliant in activities, due-diligence, decide on buying strategies, ie not buying from America or buying from China.

     Wal-Mart is the largest retail store in the United States. The root cause of the problem with Wal-Mart is that they try to increase their profits by minimizing their costs. Many internal policies are used to maintain this philosophy. First and foremost is the strong organizational culture that is dictated from the home offices. Store level managers receive discipline ranging from written

Walmart is one of the biggest retail companies the nation has ever seen. It was founded in 1962 by Sam Walton and the first store opened in Rogers, Arkansas. The current CEO of Walmart is Doug McMillon. Walmart employs 2.3 million associates around the world. Here are about 11,000 stores in 27 countries. It is the biggest employer in the world right after the U.S. Department of Defense and the Chinese army. About 75% of their store management teams began as hourly associates, and they now earn $50,000 to $170,000 a year. Walmart is investing $2.7 billion over two years for higher wages, education, and training.

Walmart is a multinational retail company that runs a network of more than 11,000 discount retail stores as well as warehouse stores distributed in more than 27 countries. Its headquarters are located in Bentonville, United. It ranks as the world’s leading private employer with over 2.2 million employees serving in different countries’ retail stores. Walmart operates as a family owned organization that is managed by the Walton family. The Walton siblings own more than 50% of this company through managing the Walton Enterprises as well as through individual holdings (Charles, 2014).

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)

This paper concerning Walmart will give a brief history and development story of the retail outlet. The research will also feature the gender discrimination claims that have been made against the retail outlet store.