Walmart History Essay example
Essay on Walmart
Walmart : Walmart. Walmart
WAL-MART Essays
Essay on WALMART, BUSINESS
Essay on Is Walmart Good?
Walmart Essay
Walmart Persuasive Essay
Progressive Wal-Mart. Really. Essay
Wal Mart Stock Analysis Essay
Walmart Argumentative Essay
Walmart History Essay
The History of Walmart Essays
Walmarts Culture
Walmart China Essay
Walmart s Diversity : Walmart
Walmart Argumentative Essay
1. Walmart History Essay example
Wal–Mart Stores History Sam Walton founded Walmart in 1962. He was a businessman who
started working in retail in 1940 at a J.C. Penney store in Des Moines, Iowa. In 1945, he ran a
retail store in Newport, Arkansas, part of a chain of variety stores named Ben Franklin. Instead of
renewing his lease, however, he decided to open a new Ben Franklin franchise in Bentonville,
Arkansas and called it "Walton's Five and Dime." He succeeded by selling at a discount. Walmart's
purpose best exemplifies what the company still stands for today: "Saving People Money So They
Can Live Better" (Walmartstores.com) Within five years, the company had grown to 24 stores
throughout Arkansas, reaching sales of $12.6 million. The company officially...show more content...
In 2000, H. Lee Scott became Walmart's President and CEO. Sales increased to $165 billion. By
2002 it had been listed at America's largest corporation on Fortune 500 list, with profits of $6.7
billion. By 2005, it had sales of $312.4 billion, 6,200 facilities worldwide and 1.6 million associates.
Recent Operating Results According to the press release dated February 18, 2010 (Bentonville, Ark),
Wal–Mart Stores, Inc. reported financial results for year ended January 31, 2010. Net sales for the
fourth quarter were $112.8 billion, which was a 4.6 percent increase from fourth quarter of the
previous year. Diluted earnings per share were $1.23–up from $0.96 from the previous year.
Adjusted earnings were $4.5 billion ($1.17 per share). ("Walmart Reports", 2010). As of March 29,
2011 4:00 p.m. ET: WMT52.260.07 (0.13%) Dow12,279.0181.13 (0.67%) S&P 5001,319.449.25
(0.71%) (Investors.walmartstores.com) Economic, Social & Political Forces According to its
Edgaronline.com, Wal–Mart reports that current economic conditions could adversely affect the
company's financial performance. "In the United States, higher interest rates, higher fuel and other
energy costs, weakness in the housing market, inflation, higher levels of unemployment,
unavailability of consumer credit, higher consumer debt levels, higher tax rates and other changes in
tax laws,
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2. Essay on Walmart
Walmart History: Beginning to Today
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...show more content...
At the end of the fiscal year 2000, total company sales reached $191 billion dollars. This was an
increase over the previous year of 15.9%. Total international sales amounted to $32 billion dollars
at the end of the 2000 fiscal year, which was an increase of 41% over the previous year. Wal
–Mart is
widely recognized as one of the leading discount variety store chains. It is the nations largest
discount department store chain, and also one of the largest discounters in the nation in terms of
sales dollars.
Internal Strengths and Weaknesses
Strengths
 Nation's largest discount department store chain.
 A company with a very defined mission set by Sam Walton.
 Good distribution concepts with no one store more than 6 hrs. away from warehouse.
 Constant expansion over lifetime of company.
 Offers a variety of merchandise for its consumers.
 Valued their employees and consumers happiness.
 "Everyday Low prices" advertising campaign.
 First retailer to embrace "green" marketing.
 Inventory Control system is the best in retail industry.
 Support of different community activities.
 Company's Name.
Weaknesses
 Illustrates low prices and at the same time, not portray a cheap image to consumer.
 Viewed by some consumers as Mom and Pop shop
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3. Walmart : Walmart. Walmart
Walmart Walmart is one of the successful company in the US and outside the US. The strategies that
push Walmart behind competitors are low cost and outperforming the competitors. Walmart has been
adopting from the past and use their experience to maintain the company and push the company to
become successful in the US and worldwide. So, what are the factor that Walmart use for their
company? In order to have an understanding about Walmart , You should know about its overview of
Walmart,
Overview of WalmartWalmart is the retailer company that really successful in the US and
worldwide. So, what are the factors that push Walmart to become success. In order to have an
understanding about Walmart , You should know about its
...show more content...
Since Walmart opened the first store, they continue open around USA such as Louisiana, Tennessee,
Texas, Florida. In 1985, Walmart sales of $8.4 billion with 882 stores and has associates around
104,000. In1990, Walmart become number 1 nation in term of retailer and Walmart enter 6 stated
such as California, Pennsylvania. In 1990, the first time that Walmart enters into international
Market by opening a Walmart store in Mexico. Walmart enters into international Market for the first
time by opening a Walmart store in Mexico. Mexico is one of the potential markets for a
Multinational company like Walmart. The main reason for entering this country is, it is too close to
the United state. Mexico has the huge influence over the United state. Available resources is also an
issue for Walmart to enter in this market. In 1996, Walmart opened its first stores in China. In 2002,
For the first time, Walmart topped theFortune 500 ranking of America 's largest companies. Also,
operate with 600 store in Mexico and sales more than $10 billion and expanding into many
countries such as Canada, Germany, South Korea, and Japan. While Walmart got success in the
internationally but it experiencing losses since late 2009. Furthermore Walmart retained an annual
growth rate of 12.3% in 2011. According to the CNN money fortune Walmart is the number 11th
company of World 's most admire companies 2011 and number 1 in world 's most admire
merchandiser. In 2011 , The company earned $419
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4. WAL-MART Essays
Wal–Mart
Is Wal–Mart good for communities, or is Wal–Mart a wolf in sheep's clothing? With a gross annual
sales of over $67 billion and more than 2,000 stores, Wal–Mart is one of the biggest corporations in
the United States. Wal–Mart opens a new store once every two days in small communities and cities
across the United States, however, are these stores good for these communities, or are they wrecking
havok? When you look down at the fine print Wal–Mart doesn't earn it's money it steals it money
from other businesses. Choking other smaller businesses by offering wider varity of products at a
more competitive price. This is actually a very simple business tactic if you want to sell a lot of
something cut your profit margin to beat the...show more content...
According to Albert Norman in his article Eight Ways to Stop the Store ",Wal
–Mart
Mathematicians only know how to add. They never talk about the jobs they destroy, the vacant retail
space they create or their impact on commercial property values." This is very true Wal– Mart's
officers always talk about the jobs and opportunities they create ,however, are 250 minium wage
jobs worth 150 $6–10 jobs? Wal–Mart also talks about how they benefit, but except for one
scholarship they do little of nothing to fulfill that statement.
Raise money to stop Wal–Mart to influence the public to become active in keeping Wal– Mart out of
the community. Wal–Mart will spend money trying to persuade people to want Wal– Mart in their
community. Fight this these are your friends, family, and fellow townsfolk, who do you think they
are going to listen to? Someone who they have known all their life and who they know only has the
towns best interests in mind, or a bumbling fool from New York City who knows nothing of your
town people or their situation.
Start a petition influence people to vote, stake out the supermarkets and hardware stores. Get as
many signatures as you can. The more signatures the easier it will be to keep Wal–Mart out of the
community. If Wal–Mart was being truthful about staying where they were wanted and not where
they weren't, then it is the communities responsibility to let Wal–Mart know that they aren't wanted.
Look at the facts Wal–Mart
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5. Essay on WALMART, BUSINESS
"SAVE MONEY, LIVE BETTER", NOT ON WAL
–MART WAGES! Prepared B Human Relation
Communication 10/18/2013 SUBJECT:"SAVE MONEY, LIVE BETTER" Wal
–Mart, "Always Low
Prices, Always." It is well known that one of the great keys to Wal–Mart's formidable success is its
lower–than–low cost of doing business. Wages in particular are as low as can be. Minimum wages
and minimum benefits: that's the way Wal–Mart stays ultra competitive. This report examines the
state of Wal–Mart's business practices and its effect on the economy. It will describe Wal
–Mart as a
non–union employer, paying lower wages to their employees than other retail and grocery stores.
They do not offer benefits to all employees and most are...show more content...
From lawsuits to employee complaints, Wal–Mart has been faced with a great deal of difficulties
that have developed through their own unethical business practices. Although every company's goal
is to lower costs and produce large numbers, Wal–Mart has made sky–rocketing profits by
unethically hurting its employees and cutting down their wages. Many question why Wal–Mart, the
richest retailer in the world, chooses not to provide adequate wages or health benefits for its
employees. If Wal–Mart were to reform its health benefits program, raise their product prices by as
little as a penny, and create a bias free working environment for women, Wal–Mart would be in better
terms with its employees and improve the reputation it sacrificed from the start. iv "SAVE MONEY,
LIVE BETTER", NOT ON WAL–MART WAGES INTRODUCTION Background Wal
–Mart, the
large international discount chain was founded by Sam Walton. On May 5, 1950, Walton purchased
a store in Bentonville, Arkansas, and opened Walton's 5 & 10. Little did the small town residents
know that they would later become the headquarters for the world's largest retailer store in the U.S.
Through his savvy, and sometimes unusual, business practices, he and his associates led the
company forward for thirty years. As Wal–Mart grew into a global corporation it is today, it has dealt
with a great deal of criticism by outsiders. Wal–Mart's ethical citizenship has been questioned
numerous times and researched
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6. Essay on Is Walmart Good?
Wal–Mart, the multi–billion company and the second largest employer in the world, is the most
controversial corporation in the world. Wal–Mart is a global powerhouse and affects many people
around the world. Wal–Mart is constantly getting attacked from unions, human rights groups, small
towns and small businesses. Wal–Mart is accused of treating their workers poorly and driving small
businesses out of business. But however these accusations are false or over exaggerated. Wal–Mart
offers families and low income people quality products. Also, they pay their workers competitive
wages and treat them with respect. Wal–Mart opens their stores in rural and under developed areas.
Wal–Mart improves the lives of the people who live rural area and...show more content...
Wal–Mart increase completion in the area where it is located and lower prices for all consumers.
Without Wal–Mart in these areas, prices will be higher and consumers would pay more. Wal–Mart
prevents monopolies from occurring and encourages competition which is a very important principle
of capitalism. Even Bruce Bartlett, a former deputy assistant secretary for economic policy at the
United States Treasury department, talks about the importance of Wal–Mart. He worries that all the
backlash and this war against Wal–Mart by critics would negatively affect poor families who relies
and needs Wal–Mart (Maich 6). He continues that there is no one representing the people who
benefit from Wal–Mart the most, the poor, in these debates. (Maich 6) He concluded that "If you're
stuck with a low income and you can reduce the amount you pay for basic items, then your real
income goes up" (Maich 6) This statement shows how Wal–Mart is a necessity for poor people and
how it help poor people to save money. Thanks to Wal–Mart people are saving money and could
budget more for other items. Not only Wal–Mart is saving money for consumers, Wal–Mart creates
jobs, improve economic conditions and overall improve the areas in where they operate. Wal–Mart
usually open in rural and down trotted areas. A perfect example is Carol Foote. She and her friend
Paula Beaulieu started a petition to open a
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7. Walmart Essay
Walmart Case Definition of Main Problem: There can be no argument that Wal*Mart has
revolutionized the discount retailing industry. Furthermore, CEO Glass and COO Soderquist have
stepped in at the helm of this company and continued to take it in the right direction by
quadrupling sales and profits from 1987 to 1993. The main problem they now face is how to
sustain their phenomenal performance, and becoming number one has magnified this issue. No
longer can they just sneak into small towns where the only competition is the local merchant's
shop. No longer can they copy larger companies like Sears and J.C. Penny's because of their size and
scope. The fact is, Wal*Mart is bigger than these companies and their direct competitors...show more
content...
Though supplier power is high in the retail discounting industry, Wal*Mart changed the game with
their two–step hub–and–spoke distribution network. Though building 1,000,000 square foot
distribution centers seems costly, it allows Wal*Mart to purchase from their suppliers at a
significantly reduced cost and deliver to their stores with 48 hours, sometimes even 24 hours. The
network's become so effective that 80% of their inventory comes directly from these 27 centers. In
contrast, Kmart has only 50% of their products coming from distribution centers with a full half
being shipped directly from suppliers into their stores, thus raising costs to Kmart and their
customers. Systems such as "cross–docking" are also aiding Wal*Mart in their fight to streamline
every process by reducing inventory and restocking costs. Another decision that demonstrates
Wal*Mart's commitment to the future is their unyielding emphasis on superior information
technology. Beginning in 1983 and standard by 1988, electronic scanning of Uniform Product Codes
was installed in Wal*Mart stores. This and similar programs were effective in ensuring accurate
pricing and reducing shrinkage, yet Kmart recognized its importance as well, and by 1990, had
similar systems in place in its stores as well. Secondly, a $700 million investment in satellite systems
made communication between headquarters, distribution centers, and stores much more effective.
With this in place, sales data
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8. I. CURRENT SITUATION A. CURRENT PERFORMANCE Wal
–Mart is the world's number 1
retailer, with more than 4,800 stores, including 1,475 discount stores, 1,750 combination discount
and grocery stores (Wal–Mart Supercenters in the US and ASDA in the UK) and 540 warehouse
stores (SAM's Club). Nearly 75% of its stores are in the US, but Wal–Mart is expanding
internationally. Wal–Mart is the number 1 retail in Canada and Mexico. The company also owns
nearly 38% of Japanese supermarket chain SEIYU. Wal–Mart generated a solid performance for the
fiscal year 2004 ended January 31th. Here are some important numbers: Г Net sales increased from
229.6 billion to 256.3 billion (+ 11.6%). Г Total asset increase 10.7% to 104.9 billion. Г When
compared...show more content...
Mature Industry (CI#2): Saturation in the US market was mainly due to the fact that Wal–Mart
already served the most desirable areas of the market with 2000 plus units. As the mass merchandise
retail in general seems to be a mature industry, will Wal–Mart be able to continue its growth
strategy? Multi–domestic growth (CI#3): The initial move abroad of Wal–Mart was based on the
saturation in their domestic market. However, global retailing demands a huge investment and gives
no guarantee on return. As an illustration, Wal–Mart has faced legislative problems in Germany and
restrictive trading practices have contributed to its constrained growth. Therefore, will Wal–Mart be
able to face the legislative environment in foreign countries and adapt its marketing mix in order
to overcome the cultural and lifestyle differences? III. CORPORATE GOVERNANCE A.
BOARD OF DIRECTORS The Board consist of 13 members, of whom 9 are outsiders directors:
X c = Chairman X = Members ВЁ = Presiding Director В· = Chairman of the board Audit
Committee CompensationNominating andGovernance Committee ExecutiveCommittee Stock
OptionCommittee StrategicPlanningAnd Finance Committee Independent Directors X c James W.
Breyer Ms. Michele Burns X Douglas N. Daft X Roland A. Hernandez X c John D. Opie X J. Paul
Reason X Jack C. Shewmaker X Jose H. Villarreal ВЁ X c Christopher J. Williams Inside Directors
David D. Glass X c X H. Lee Scott, Jr. X X c John T. Walton X S. Robson Walton В· X
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9. 1. Wal–Mart has been able to achieve respectable leadership in the retail industry because of its focus
on supply chain management. Discuss in detail the distribution and logistics system adopted by
Wal–Mart.
A few reasons as to why Wal–Mart became a leader in the retail industry is due to their practices in
obtaining competitive advantage by offering the lowest prices for the market. Wal–Mart built their
practices by giving suppliers transparency to meet the demand of customers and granting them
long–term relationships by purchasing goods in bulks. In addition, their turn times on inventory are
three–five days faster than regular competitors. The inventory shelves are similar to Honda since
they only hold up to four hours of inventory in their manufacturing site. Also, Wal–Mart holds their
own transportation which is why they can manage their costs efficiently for the company. Their
transportations system constitutes links between suppliers, distribution centers and retail stores.
They have restrictive criteria for drivers where in order for them to be hired they would have to be
accident free for a consistency of minimum 300,000 miles accident free. The supply chain practice
that they have gained since they began the business was strategically faster and cheaper than all
competitors. 85% of Walmart's inventory is taken care of by their own transportation system and
only about fifteen percent is taken care of by the suppliers through cross–docking. Wal–Mart uses
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10. Walmart Persuasive Essay
Wal–Mart Stores, Inc. (WMT) By:Sadye Hicks Today I will be trying to convince you to invest in
the Wal–Mart Stores, Inc. What makes this stock great you may ask is that it has more than 5,000
stores and clubs nationwide. The stock cost $71.67 per share and the stock has gone up $1.59.
Walmart first opened common stock to the public in 1970 and began trading on NYSE on August
25,1972. Walmart has emphasized the importance of keeping its merchandise in stock for shoppers.
The company's stock have risen about 15% this year. Wal–Mart is the world's largest retailer. The
employees are more evident as Wal–Mart becomes a more pleasant place to shop. Walmart has said
it will invest billions in lowering...show more content...
Thousands of people a day come into that store to buy groceries so we should take advantage.
Wal–Mart is expanding on the number of stores where you can pick up groceries that you ordered
online,and we all know that the internet is on the new. The turnaround in Wal–Mart is still in its
early stages but that means that the stock is selling at a discount. Wal–Mart's institutional ownership
hit a ten year low in December to just 30.2%,while it was previously in the mid to upper 30%. That
suggest that there could be potentially be enough demand for the stock to significantly push up the
price. Recently,institutional investors have begun to start buying up the stock,taking ownership up
to 30.6%. Investors say that Wal–Mart is more like a medium sized country than a
mega–corporation. Wal–Mart announced October of last year that it would invest $2 billion in its
e–commerce infrastructure over the next two years. Wal–Mart is doing so in order to compete better
with the likes of Amazon. Wal–Mart is the largest private employer in the world with over 2.2
million employees. Walmart remains a stable company that should be viewed as a long–term
blue–chip investment. For investors,Wal–Mart has done a great job managing its increasing profits.
Over the past five years,the company has reinvested over $70 billion of its cash flow from
operations,paid out over $20 billion
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11. Progressive Wal-Mart. Really. Essay
Former bureau chief for the Economist, Sebastian Mallaby writes in defense of a large retailer in
his essay, Progressive Wal–Mart. Really. Through his essay he explains that through the continual
campaigns against the large corporation, Wal–Mart has been and still remains a benefit to working
Americans seeking affordable goods. He elaborates on the crusade of Anti–Wal–Mart campaigns
looking to paint the business as a detestable parasite, when all the company has done is keep costs
low and earnings for its shareholders high while trying to defeat competitors, just as any company
would. "A progressive success story." Mallaby offers a few words from Jason Furman of New York
University in description of the company so many know as...show more content...
When defending the store against the implication they're paying Chinese workers pennies a day
trying to keep up with the demand of merchandise for the store, he makes a point that no one has
offered any proof that the pay is any lower elsewhere compared to the countries average. Mallaby,
feeling further need to express the unfair depiction of the company presents the information that the
workers mainly come from previously working on farms, "... earnings are even worse than at
WalMart's subcontractors and where the labor is still more grueling." While many use the fact that
5 percent of its workers are on Medicaid against the company, the fact remains, that such a number
is common for large retail firms and the nation average is just 1 percent below that of Wal–Marts.
For the same people who loudly fought for a system that allowed Medicaid workers to work while
keeping benefits, Mallaby declares it, "ironic" that they would now be critical of the policy being
used to help its workers. "Companies like Wal–Mart are not run by saints" Mallaby asserts, putting
forward one graceful negative before another, "They can treat workers and competitors roughly.
They may even be poor stewards of the environment." However, he continues, the company is large,
global and it is only expected for critics to emerge to question its
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12. Wal Mart Stock Analysis Essay
I. Executive Summary
The purpose of this report is to evaluate the stock price of Wal–Mart Stores Inc. (which ticker
symbol in NYSE is WMT) by fundamental analysis. According to this analysis, I recommend that
Wal–Mart is worth to invest in the long term because of the potential growth of market shares and
revenue. Besides, based on P/E method and Gordon model, WMT price is undervalued; therefore, if
investors buy the stock, they will get benefit not only in capital gain but also in dividend cash inflow.
II. Introduction of Wal–Mart Stores Inc. (WMT)
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...show more
content...
Beta is the slope of the characteristic line. As shown in appendix1, we use the monthly historical
data from April 2003 to April 2008 to graph SCL. We use S&P 500 as the market because it contains
the stocks of 500 Large–Cap corporations and can reflect the market change broadly. As shown in
exhibit 1, we can get the SCL: Ri–Rf = – 0.001 + 0.1649(Rm – Rf). So the beta is 0.1649 and the
alpha (intercept) is –0.001. From the regression line, we find the R square is only 0.103. It reflects
the degree that X variable explains Y variable is 10.3%. That is, Ri–Rf has no close relationship with
Rm–Rf. In addition, due to the fact that beta is only 0.1649, it also provides the same result which
Ri–Rf and Rm–Rf have no strong positive relationship. It is a good issue to consider why Wal–Mart
stock return does not relate with S&P 500 return very well. From exhibit 2, we find the Wal–Mart
price did not change very much while S&P 500 price went up. The major reasons may be that S&P
500 includes many high–tech stocks and those stocks performed very well during the period;
therefore the volatility is greater than Wal–Mart. Moreover, maybe Wal–Mart has lower weight in
S&P 500 so its trend of price change is different from S&P 500. From exhibit2, we also find
Wal–Mart had good relationship with S&P 500 before 2004. To examine the situation, we use the
data from 1998 to 2003 and find the SCL
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13. Walmart Argumentative Essay
Should I Shop at Walmart?
Walmart is a multi billion dollar retail industry and has the largest revenue among other companies
with an extensive revenue of 485.65 billion dollars a year. The corporation has been accused of
racial and gender discrimination, foreign product sourcing, treatment of products, environmental
issues, security and much more. Today, we are looking at three factors in determining whether we
consumers should still continue shopping at Walmart; the impact on the economy, treatment of
employees and personal interest.
IMPACT ON THE ECONOMY:
In a documentary published in 2005 titled : Walmart: The Cost of Low Price," stated that local
government and town planners believe that when a new Walmart store is opened it will drive...show
more content...
According to a report by Clare O'Connor of Forbes Magazine published in 2014 " Walmart's
low–wage workers cost US taxpayers an estimated $6.2 billion in public assistance including food
stamps, Medicaid and subsidized housing.
Americans for Tax Fairness also reported "It found that a single Walmart Supercenter cost
taxpayers between $904,542 and & 1.75 million per year due to low income which often force
workers to rely on various public assistance programs."
Unfortunately the treatment of employees are not the greatest as large number of Walmart
employees are now on government aide. Pay is at minimum wage which is way too low that leaves
an employee unable to afford insurances. Allegations against the business giant about spying to
ensure that a union will not occur and trying to manipulate employees to believing that unions are
worthless are all correct and confirmed. Employees that speak about a union will be fired which is
against labor law.
For a billion dollar–earner company, I think that these unfair treatment to employees should
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14. Walmart History Essay
In 1962 Wal–Mart Inc. was founded by Sam Walton in Rogers, Arkansas. Mr. Walton desire was
that "true leadership depends on willing service" which became the foundation that Walmart was
built upon. Not to mention how that is main reason why the business has been successful in the past
fifty years. Having a business which sold products that were lower in price and offered great
services was the advantage point of why Walmart has been so widespread. One special reason why
Mr. Walton had a difference perspective in running Walmart was that he depended upon his
associates and the relationship he created with them shaped much of the achievement in the
business. He started building Walmart in small towns not considering what other people told him
...show more content...
This was like a normal grocery store where you could purchase fresh produces, meat, and dry
products. Not to mention a full size deli, a bakery, and a pharmacy. Throughout this whole up rise
and achievement charity was a big part of the Walton family. They believed in charity that were
dedicated into education since education was a necessity of life. As the new millennium began in
2000 everything changed like how there was a new shopping advantage. Whereas shopping could
be done online at home or on the go on your mobile devices. Walmart shot through the roof and
opened up a Walmart Lab in 2005 in California. Where customers around the world had the
opportunity to save money anytime and anywhere. There were centers located in the United States,
Brazil and India. Walmart had become the biggest retailers in the world and kept expanding.
Furthermore, in 2011the first Walmart Express opened up in Gentry, AR. The purpose of this
chain of business is to solve shopper's issues because of the lack of time they have to where this
would really be more convenient for them. As of 2012 there are officially five different type of
Walmart's in my parts of the world. That all work on strengthening the local community. By helping
to stop hunger relief, assist in a Disaster environment, developing the community, and supporting the
nation to make it an easy and affordable place to
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15. Wal–Mart Stores, Inc. 1) Please describe the sources of Wal–Mart's Competitive Advantage in
discount retailing! The global player Wal–Mart operates in 14 different markets all around the world,
serving 176 million customers every week. Today, the second biggest company of the world,
concerning turnover which amounts to 312,427 million US–$, categorizes its operational facilities
into five divisions. Among those divisions are the Wal–Mart discount stores, offering convenience
and low–priced goods. Wal–Mart supercenters are the biggest stores, being open 24/7 hours and
employing a workforce of 350 people, selling all kinds of groceries and general merchandise at the
lowest possible price. Wal–Mart neighborhood markets are specified in...show more content...
Moreover, it was possible to deliver several Wal–Marts on a single tour, because of the special store
arrangements. Thus it was possible to save in–bound logistics costs. Vendors were not allowed to
provide more than 2.4% of Wal–Marts purchases, making the discount retailer independent and
dominating its suppliers. Nevertheless, working with Wal–Mart is very profitable; the purchase of
Procter & Gamble's products equals about 10% of their annual revenue. Through developing
electronic invoicing and annual strategic business planning packages for the communication with the
vendors, it was possible to reduce the inventory costs and to increase sales. Human Resources bear
another competitive advantage of Wal–Mart. The retailer is eager to employ only people that agree
totally with the philosophy of Wal–Mart and put all their effort to achieve the most possible success
for their company. Furthermore, it is common to recruit graduates directly after education. The
advantage of the company is the ability to influence the working behavior of the employees. In order
to motivate the employees, they were involved into actively suggesting improvements in day to day
operations, resulting in cost savings of 85 million US–$ in 1993. Additionally, it is possible for the
employees to participate in shareholding and to obtain dividends of Wal–Marts profits. Looking at
the top of the company, it is not important, which position every single management member takes in
the
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16. The History of Walmart Essays
In 1950, former J.C. Penny employee, Sam Walton opened Walton's Five and Dime in Bentonville,
Arkansas. By 1965, in the same small town Walton would open the first Walmart store unknowing
that his investment would become the world's largest retailer. By keeping sales prices low Walton
was able to get ahead of the competition and successfully opened an additional store within the
same year. Walton's success continued and by 1967 his chain of stores had grown to 24 locations,
and was bringing in about $12.6 million dollars in sales annually. Wal–Mart is an American national
wholesale business that runs chains of huge discount branch stores and warehouses. The business is
the world's second largest company, according to the Fortune Global 500...show more content...
This reflects the three groups into which Wal–Mart groups its 200 million consumers: "People with
low incomes love name brands, richer shoppers who love good deals, and people who like low
prices." They've also making steps to attract more liberal consumers. Wal–Mart evolved from Sam
Walton's purpose for great price and great consumer service. "Mr. Sam," as he was known, believed
in management through service. The principle that true leadership depends on willing service was
the standard on which Wal–Mart was built, and drove the choices the business has made for the past
50 years. So much of Wal–Mart's past is attached to the story of Sam Walton himself, and so much
of our future will be deep–rooted in Mr. Sam's principles. Sam's rivals thought his plan for a
thriving business couldn't be built around low prices and great service. As it happened, the
company's achievement went beyond even Sam's hopes. The company went public in 1970, and the
profits funded a steady growth of the business. Sam recognized the rapid increase of Wal–Mart not
just to the low prices that fascinated consumers, but also to his staff of workers. He depended on
them to give customers the great buying experience that would
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17. Walmart's Culture
Walmart was founded in 1962 by Sam Walton and the first store opened in Rogers, Arkansas and
has expanded to a billion dollar company that is focused on helping customers, communities, saving
money and living better. Walmart's culture has four beliefs it incorporates in day to day operations.
These beliefs are customer service, respect for all employees, always striving for excellence and
acting with integrity. The company prioritizes customers which every employee practices daily to
serve the customer wants and needs. Walmart promotes the virtues of honesty, fairness, and
impartiality in decision–making. (Lombardo,
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18. Walmart China Essay
Case Study #1 Wal–Mart China
How Wal–Mart China should push "sustainability" into the next level Research Conducted by
Wal–Mart China and third parties found that customer satisfaction was most affected by the value
perceived by customers. The Chinese market is known for its price sensitivity. Customers seem to be
far more concerned with whether or not they are receiving the best price, then whether or not
Wal–Mart China is committed to its sustainability initiative. This sentiment was illustrated by the
disappointing sales of CFL bulbs in Wal–Mart China. CFL bulbs offer real energy savings which
would benefit the purchaser in the long run, but they cost more the...show more content...
However, this approach only works for vendors who are already interested in including sustainability
principles in their business models. For vendors who are not concerned with sustainability Wal–Mart
China can still have a powerful influence. The larger and more successful Wal–Mart China becomes
the more lucrative it is to become one of its suppliers. If vendors want to get their products on
Wal–Mart shelves they need to meet certain sustainability standards. This is a powerful incentive
towards compliance. Also by allowing vendors the opportunity to gradually work their way towards
compliance, more vendors are likely to take up the challenge. For improving sustainability in
distribution it may be useful for Wal–Mart China to conduct a Life Cycle Assessment (LCA). An
LCA measures the environmental impact of products and processes from the moment raw materials
are extracted from the earth all the way to the point where materials are disposed of, recycled, or
reused. This type of analysis would allow Wal–Mart China to recognize opportunities in the life
cycle of the products they sell where negative impacts could be reduced. Such analysis would need to
be conducted periodically as new technologies and methods may make further system improvements
possible. But considering the restrictions they are encountering in China, a lot of initiatives would be
cost–prohibited. Here, a
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19. Walmart 's Diversity : Walmart
Diversity Walmart strongly believes that they do their best to promote diversity across their
supply chain. Their suppliers have access to the 250 million customers who shop at each Walmart
store around the world each week. They encourage diverse companies to explore different and
new possibilities with Walmart. They have a network of more than 3,000 diverse suppliers, and
they continue to search for new ones with industry expertise and the ambition to deliver products
and services to each of their customers. Walmart works with many different kinds of companies
and they all have one thing in common and that is the passion for helping friends, family, and
neighbors around the world to live better. Walmart is committed to creating economic growth and
sustain communities. They want to do that by increasing sourcing from businesses owned by
people of diverse backgrounds, including women and people with disabilities, and advancing a
broad supply chain that is relevant to their customers and meets every one of their needs. By
working with diverse suppliers, they provide opportunities for growth and great development to
diverse businesses. Diversity has long been a part of Walmart's culture since Sam Walton first
opened it in 1962. You can see it clearly when you walk down the aisles of the store or go into the
associate break room. They believe they help everyone live better if they really know them, which
means understanding and respecting the differences among all people.
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20. Walmart Argumentative Essay
Walmart is a huge anomaly in American culture today and decades back when it was in it inception.
Arguably, it has changed the landscape of consumerism in the United States and globally. Walmart
is such a complex issue that it can be discussed on a variety of fronts. The Retail Revolution: How
Wal–Mart Created a Brave New World of Business by Nelson Lichtenstein is a monograph that
discusses these numerous aspects. I have always had a love–hate relationship with Walmart,
personally. It has crept into my life in one way or another in many aspects of my life. My best
friend was put through seven years of private education and four years of college here at UNCW on
her single mother's Walmart salary. Furthermore, my uncle served as...show more content...
One another token, Walmart is horrible. It is a hassle for many reasons, they do not carry the
same products every time you visit, there are never any parking spaces and there are never
enough cashiers on registers. These difficulties seem minor but there are deeper meanings and
histories behind them. There are many themes that Lichtenstein uncovers that I had never
considered. First, I had never considered the amount of sexism that lies at the core of this
company. It is first eluded to when Sam Walton sees women as the "largest reserve of unspoiled
labor". Sam Walton represented a savior for many people and was therefore able to get away with
things more easily. Lichtenstein states "Sam Walton's stores were therefore godsends to the farm
wives and daughters displaced by the Agricultural Revolution." Furthermore, a female employee of
Walton stated "There were two things that he told us that I have never forgotten. He would praise us
for the good job that we were doing but he told us never to think that we got so important that we
couldn't get replaced." The previous statement just reinforces the fact that his ideals were steeped in
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