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

Wal Mart Essay

675 words - 3 pages


Case Analysis: Wal-Mart

History/Development/Growth
Sam Walton founded wal-Mart in 1962. Much of Wal-Mart’s success can be attributed to him. He was very simple and ran his company that way. He emphasized hard work and ambition. When the company was in its earlier stages he made it a point to visit every Wal-Mart once a year. He didn’t just visit each Wal-Mart and talk with management. He would lead a cheer with the associates. The term associates, which he picked up from his experience working for JC Penney’s. He also ran a Ben Franklin franchise with his brother that became extremely profitable. He eventually lost the lease on the store and founded Wal-Mart. They originally started off with 15 stores in the state of Arkansas. David Glass took over as president of the company in 1984. Then in 2000 Lee Scott was named CEO. Scott happened to be recruited by David Glass early in his career. Wal-Mart is now the largest retailer in the world with revenues of 165 billion.

Internal Strengths and Weaknesses
At first glance Wal-Mart seems to be exactly like the next retailer such as Kmart. There are a few distinguishing characteristics that separate them from the rest. First, they always build distribution centers before opening store locations, which saved costs on distribution overhead. Second, they have the most sophisticated inventory system. It operates in real time. As soon as an item is scanned at checkout it is directly sent to inventory and new products are automatically ordered. This process also helps with speedier projections and sales information. Third, they have an outstanding company culture. The same culture that Mr. Sam himself had emulated. Along these same lines, they emphasized a high value for associates, which is what they call their employees. As well as being more service oriented. They also found the delicate balance between having low prices and appearing too cheap.

External Environment
During the 80’s and early 90’s retailers when through some difficult times. There was a large increase in competitive pressure, which resulted in much lower margins. At the time most households did not have much discretionary spending. Therefore consumer spending was very limited. There was only enough money for the “essentials.” The...

Find Another Essay On Wal-Mart

Wal-Mart Essay

680 words - 3 pages Wal-Mart Wal-Mart started out as a five and dime store by Sam Walton back in the 1950’s in Rogers, Arkansas. From those humble beginnings, Wal-Mart is now the world’s largest corporation passing the likes of U.S. Steel & GM with over $256 Billion in sales for one year announced at an annual stockholders meeting. What makes Wal-Mart so successful? The rise of technology and the explosion of the global economy, coupled with the effort of

Wal-Mart Essay

2681 words - 11 pages their idea for success lies in one man: Sam Walton, creator of Wal-Mart. At the heart of Wal-Mart's growth is the unique culture that "Mr. Sam" built. His business philosophy was based on the simple idea of making the customer No. 1. He believed that by serving the customer's needs first, his business would also serve its associates, shareholders, communities and other stakeholders. The goal at Walmart.com is to bring Mr. Sam's culture and

WAL-MART

799 words - 3 pages the location status of the associated product. This procedure enables great efficiencies and cost reductions with respect to inventory management and control in a physical product environment, and also enables innovative applications in locating and tracking people and assets in a services environment. (Hagans, Andy, RFID Magazine)      This environment changed dramatically last June when Wal-Mart Stores announced that it

Wal Mart

2603 words - 10 pages department, person, or group will be in this company.      The Strengths of Wal Mart is why today they are so successful. It meets their customers’ needs. It meets its needs with its discount stores, the super centers, the neighborhood markets, and the sam’s clubs. Its diversification has lead for growth both in financial and growth in making jobs. Career opportunities have opened up from the professional seeking job’s point of

Wal-mart & Wal-mart Grocery Financial Analysis

6457 words - 26 pages PAGE PAGE 1 Strategic Analysis of Wal-Mart & Wal-Mart Grocery, Ferry, BUS 450Business PoliciesStrategic Analysis of Wal-Mart and Wal-Mart GroceryProfessor: Greg DeanCohort: BBA1-21Maria FerryApril 27, 2010Table of Contents3Executive Summary 4Situational Analysis 4Environment 4Industry 5Threat of new entrants 5Bargaining Power of Buyers 6Bargaining Power of Suppliers 7Substitute Products/Services 8Intense Rivalry 10Firm 12Market Strategy

Wal-Mart Overview

1459 words - 6 pages Wal-Mart OverviewECO365 Principles of MicroeconomicsJanuary 12, 2008IntroductionIn creating an overview of Wal-Mart, Team A will discuss the history of Wal-Mart in relation to whom opened the first Wal-Mart and how long ago. In addition, Team A will inform readers of the different markets Wal-Mart operates in which has aided in the growth of the organization. Government Regulation reign over all businesses and organizations, Wal-mart included

Wal-Mart Business Ethics

659 words - 3 pages Wal-Mart is currently eradicating some of its negative images by going green, keeping prices continuously low, contributing to disaster relief, community service and a health enticement for Americans to lose weight. Research shows that Wal-Mart believes that by making these changes now, it would help them come closer to the company’s main objectives of respecting the individual, servicing the customers with superior and excellent customer

Wal Mart Company Overview

1630 words - 7 pages “Basic History Overview” Wal-Mart's history is one of innovation, leadership and success. It started with a single store in Rogers, Arkansas in 1962 and has grown to what is now the world's largest - and arguably, the most emulated - retailer. Some researchers refer to Wal-Mart as the industry trendsetter. Today, this retailing pioneer has annual revenues of over $100 billion, 3,000 stores and more than 750,000 employees worldwide. Wal-Mart

Wal-Mart Case Study

817 words - 3 pages Wal-Mart Case StudyIt opened in 1962 by Sam Walton, Wal-Mart has become the largest retailer in the United States, and with over 3,300 stores Wal-Mart continues to be successful. Under his successor, CEO David Glass, the small discount store chain started in Arkansas has become one of the largest corporations in the world. David Glass lays out the philosophy: "we approach this new and exciting decade of the 90's much as we did in the 80's

The Wal-Mart Effect

1292 words - 5 pages “Our competitors are better because Wal-Mart exists” stated by the chief financial officer of Wal-Mart. Wal-Mart is a retail store, which provides groceries, electronics, household appliances, and high quality items to consumers. The retail chain has made a household name within every house by selling products all over the world at a bargain price. Wal-Mart’s strength and pace of growth contributed to a retail store in every city and state

Wal-Mart SWOT Analysis

1070 words - 4 pages Evaluate the general environment of Wal-Mart using the framework in Chapter 2. What are the key opportunities and threats facing Wal-Mart? (This is the "OT" of a SWOT analysis)The opportunities for Wal-Mart are tremendous. This huge retailer began with an idea from Mr. Sam Walton in 1962 in a small town in Rogers Arkansas. The Wal-Mart Chain had evolved from a chain of stores called Ben Franklin stores that Mr. Walton and his brother operated

Similar Essays

Wal Mart Essay

570 words - 2 pages 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

Wal Mart Essay

762 words - 4 pages In 1962, Sam Walton opened his first Wal-Mart Discount City Store in Arkansas. Walton growth of his store accelerated and soon expanded to 24 stores across Arkansas, reaching $12.6 million in sales. The company was incorporated as Wal-Mart Stores, Inc. in 1969. It began trading stock as a publicly held company in 1972 and listed on the stock exchange soon after. The company entered into Tennessee in 1973. Wal-Mart management strategy emphasizes

Wal Mart Essay

2233 words - 9 pages The founder of the Wal-Mart chain, Sam Walton was born in March 1918 in the town of Kingfisher, Oklahoma. Graduating from the University of Missouri, Sam enlisted in the Army for the World War II effort. Upon his return, Sam worked for a while at the J.C. Penney group of stores. He began to realize that opportunities existed in the large scale discount retailing business (nickel and dime stores). The idea and business philosophy of Wal-Mart

Wal Mart Essay

5892 words - 24 pages Wal-Mart PAGE \* MERGEFORMAT 1 Table of Contents31.0 Executive Summary 52.0 Situational Analysis 52.1 Company History and Background 62.2 Wal-Mart Performance 73.0 Market Analysis 94.0 Competitive Situation 104.1 Target Market 104.1.1 Target Market Demographic Segmentation 14.1.2 Target Market Lifestyle/ Psychological Segmentation 014.1.3 Target Market Geographic Segmentation Description 0114.1.4 Target Market Behavioral Segmentation 14.2