This website uses cookies to ensure you have the best experience. Learn more

Wal Mart Stores, Inc Essay

3608 words - 15 pages

WAL-MART STORES, INC.Wal-Mart is operating a mass merchandising retail store in all 50 states ofthe US under a variety of formats, Wal-Mart Stores Inc. as Wal-Mart scores anumber of 'tops' in its businesses. It has the largest discount department storechain in the world, largest retail firm in the US and largest retailer in the world,the wealthiest and most powerful corporation in the world. And more recently,Wal-Mart gained the top spot of the most admired company in the world.Sam Walton, a leader with an innovative vision, started his own companyand made it into the leader in discount retailing that it is today. Through hissavvy, and sometimes unusual, business practices, he and his ...view middle of the document...

Thesephilosophies, in my belief, are 'religiously' nurtured into the hearts and minds ofemployees who are more known as associates in Wal-Mart.Sam Walton advocated 10 rules known as 'Sam's Rules for Building ABusiness'. These are the key factors that guide and inspire the company'soperation, behavior, ethics and practices. All levels of Wal-Mart employees alsoadhere to a corporate directive of the 'Sundown Rule' and the 'Ten Foot Rule'.This requires that an employee must reasonably answer a customer's orsupplier's request or question within 24 hours whereas the latter rule states thatstore employees must greet, smile and attend to a customer in a store whenwithin ten feet of them.Wal-Mart's weaknesses the clear dynamic prowess and success of Wal-Mart makes it hard to conceive of its weaknesses even in this competitiveenvironment. As evidenced by its position in Fortune 500, its balance sheets andits sheer size and growth. The pitfalls that befell me was gaining insight on Wal-Mart's dominance as it's now extending internationally.Wal-Mart gained entry into a nation by corporate take-over of a nationalretailer. It is able to do that by capitalizing its size and wealth. In one stroke, alarge competitor is eliminated at once, it gains real estate and employees and asignificant presence in its targeted locations. Wal-Mart builds up brand familiaritywhile retaining the old familiar outlets and then build new and larger stores in thenew market. Wal-Mart is now the largest retailer in Canada and UK only after itsentry in 1994 in Canada and 1998 in UK! And it's not stopping there. It seemeddifficult to gain much international insight regarding Wal Mart's competitionoverseas and creating comparison with other American companies and how theyfaired once going international.With that insight I want to lead into what companies both on a nationaland international level which could be possible threats and indications now thatWal-Mart's rivals in the industry have 'shied' away from the dynamism of Wal-Mart's growth by leaps and bounds. Perhaps the more worrying threat couldeven come from its internal affairs. To some extent, Sears, Kmart and Target areno longer deemed to threaten Wal-Mart's market share who have dominatedcustomers wherever it operates with its powerful domination strategy. Thisstrategy has a double-edged function to the point of putting competitors out ofbusiness.Challenges that face Wal-Mart as they strive to expand and grow anddeemed progressing, enjoying year after year of growing revenues. However, ithas growing potential cultural challenges in the international market. Wal-Martmust be willing to bend its uniformity to reactions of the local culture in enters. InCanada for instance, Wal-Mart's over patriotic style and publishing its circular inEnglish to a mostly French speaking population did not work well. Its pricestrategy also did not work well in Germany where price-fixing by the governmentis commonplace.Labor and Community Relations....

Other Essays Like WAL-MART STORES, INC

Members of Students for Fair Tuition (Sft) Decide to Protest Rising Tuition Costs at Gigantic State University (Gsu) by Taking over Dunfee Hall, the Location of Gsu President Dalton Chandler's Office....

2394 words - 10 pages Business Policy Thomas Edison State College Final Project Ken Milko 0256435 12/18/10 Table of Contents Part One Introduction Part Two Body of Narrative Part Three Conclusion Part Four References Part One Introduction (Executive Summary) Wal-Mart Stores Inc. is the largest retail company in the United States and has been ranked number one on the Fortune 500 Index by Fortune Magazine. Wal-Mart

Wal-Mart Csm Case Essay

1305 words - 6 pages real value," he said. Looking ahead, the company is projecting comp sales for U.S. Wal-Mart stores to be between flat and 2 percent For the current quarter ending Oct. 30. ________________________________________________________________________________________ Material: Financial performance; Wholesale clubs; Inventory management; Consumer electronics Empresa/organización: Nombre: Wal-Mart Stores Inc; NAICS: 452112, 452910 Título: Wal

Cultural Diversity

881 words - 4 pages determine whether or not Wal-Mart Stores was guilty of sex discrimination. Companies have allowed discrimination based on sex for a long time. The case should have been on an individual basis or at least by separated by regions. This is very unfair to women employees that are being denied privileges based on their gender. Male privilege has been an issue that our country is working to solve. Women deserve equal rights. References Kearl, Holly. (October, 2012) Court Case: Wal-Mart Stores, Inc V. Dukes http://www.aauw.org/resource/wal-mart-stores-inc-v-dukes/ DeWeese, Natanya., Rumpf, James. (March 29, 2011) Supreme Court Collection http://law.cornell.edu

Walmart in Mexico

1586 words - 7 pages -Mart Mexico has had 131,00 workers participate in volunteering. (Wal-Mart) Many opportunities have been presented to not only Wal-Mart but also to Mexico with their partnership with Cifra. Mexico has provided Wal-Mart with some challenges. Mainly its slow growing economy: Mexico’s purchasing power is a concern for Wal-Mart. Something that Wal-Mart is dealing with today. (Team, 2014) David Cheesewright the chief executive of Wal-Mart Stores Inc.'s

Current Market Conditions

2200 words - 9 pages Stores Inc. opened its first discount store in 1962, Sam Walton had no idea his business would be the success that it is today. The reason for Wal-Mart’s success is their ability to create a basic structure for their business. Wal-Mart offers a variety of well-known brands and sells them at about 5-10% cheaper than other retailers. This makes Wal-Mart a powerful force in the retail business. Wal-Mart Stores is considered an oligopoly market

Wal-Mart Case Study

2047 words - 9 pages Wal-Mart Stores, Inc. Wal-Mart Stores, Inc. operates retail stores in various formats in the United States and Internationally. It has two segments: The Wal-Mart Stores and The Sam's Club. The Wal-Mart Stores segment includes Discount Stores, Supercenters, and Neighborhood Markets in the United States, as well as Walmart.com. It offers apparel for women, girls, men, boys, and infants. They also offer hardware, electronics, home

Walmart Analysis

3511 words - 15 pages On July 2, 1962, in Rogers, Arkansas, Sam Walton opened the first Wal-Mart discount store. Sam Walton’s vision was to have the lowest price for the consumers anywhere and anytime. In just five short years the organization owned 24 stores with 12 million in sales. The early years of the company had the business owner leading the organization daily. In 1969, Wal-Mart was officially incorporated as Wal-mart Stores, Inc. In 1970, Wal-Mart

Ethics and Compliance Paper

1652 words - 7 pages expectations clearly and in an open manner on its company website. All employees adhere to the Wal-Mart’s statement of ethics. According to Wal-Mart Stores (2008), “All financial books, records, and accounts must accurately reflect financial transactions and events. They must conform to generally accepted accounting principles, and to Wal-Mart’s system of internal controls. No Wal-Mart document or record may be falsified for any reason” (Financial

Environmental Factors

1129 words - 5 pages . References Armstrong, G. and Kotler, P (2005) Marketing: An introduction, Seventh Edition, Published by Prentice-Hall. Datamonitor (May 19, 2008) Wal-mart stores, inc: Company profile Retrieved July 14, 2008 from http://web.ebscohost.com.ezproxy.apollolibrary.com/bsi/pdf?vid=6&hid=116&sid=58ae2174-2d2a-4f13-bdb1-62c469a47b0c%40sessionmgr103 UOP (n. d.) Mkt 421 week five: the dynamic environment of marketing. Retrieved July 14, 2008 from https

Personal Deveopment Plan

1945 words - 8 pages organizations use to offer low prices than common prices of products which would encourage customers to purchase without waiting for sales. According to the article on businessinsider.com, “Retailers are trying to replicate the success of Wal-Mart Stores Inc., the world's largest retailer that was founded 50 years ago on "everyday low" prices. Experts say Wal-Mart's strategy has worked because it built its reputation on being able to offer customers

Introduction Walmart

1701 words - 7 pages as possible, but he also feared paying them more than he had to. Unions were particularly feared, and Walton did everything he could to fight them, almost always successfully. The company was incorporated as Wal-Mart Stores, Inc. on October 31, 1969. In 1970, it opened its home office and first distribution center in Bentonville, Arkansas. It had 38 stores operating with 1,500 employees and sales of $44.2 million. It began trading stock as a

Related Papers

Wal Mart Stores Inc: Dominating Global Retailing Comprehensive Case

4282 words - 18 pages Wal-Mart Stores Inc: Dominating Global Retailing Comprehensive Case Analysis Arfandy #020204 Munin #200400183 Momrey #200400313 Table of Contents 1. Wal-Mart Short Case Analysis I. Wal-Mart Mission Statement II. Strategic Issue III. Subordinates Issues IV. Recommendation Strategy 2. SWOT Analysis I. Strengths II. Weaknesses III. Opportunities IV. Threats 3. External

Executive Summary: Wal Mart, Inc Essay

3129 words - 13 pages “B” has chosen to write our Executive Summary on the Wal-Mart, Inc. because they is an irresistible retail force that has yet to meet any immovable objects. Wal-Mart Stores, Inc. is not only the largest retailer in the world; it now also ranks as the largest corporation in the world. According to Investor Words (2010), “the retail giant dwarfs its nearest competition, generating three times the revenues of the world's number

Wal Mart Stores: “Every Day Low Prices” In China

1712 words - 7 pages Slater, R. (2003) The Walmart Decade, Penguin Books: London. 4 Figures have been collected from Walmart’s annual reports. 06/297 Walmart Stores: Every Day Low Prices in China 3 The Wal-Mart Value I’ve yet to meet a customer who came to a store because we’re Number One: If they come it’s because of the value we give them. - Lee Scott, CEO of Wal-Mart Stores Inc. 5 There were many reasons why a customer chose to shop at one store instead of

Walmart Essay

2344 words - 10 pages growth of more than 50% in the Massmart food business over a five-year period which in turn profits both parties involved in the merger. * In 1994 Wal-Mart announced that it would take over the Canadian retailer, Woolco and its 120 stores throughout Canada. Wal-Mart will sublease the Woolco stores from Woolworth Canada Inc. and buy most of the assets and inventory of the stores it is buying. Wal-Mart said it would hire most of the 16,000