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

Wal Mart Company Overview Essay

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 operates each store, from the products it stocks, to the front-end equipment that helps speed checkout, with the same philosophy: provide everyday low prices and superior customer service. Lower prices also eliminate the expense of frequent sales promotions and sales are more predictable. Wal-Mart has invested heavily in its unique cross-docking inventory system. Cross docking has enabled Wal-Mart to achieve economies of scale which reduce its costs of sales. With this system, goods are continuously delivered to stores within 48 hours and often without having to inventory them. This allows Wal-Mart to replenish the shelves 4 times faster than its competition. Wal-Mart’s ability to replenish theirs shelves four times faster than its competition is just another advantage they have over competition. Wal-Mart leverages its buying power through purchasing in bulks and distributing the goods on it’s own. Wal-Mart guarantees everyday low prices and considers them the one stop shop.

Case Overview

     The case study starts off with quotes from Wal-Mart executives with their thoughts of how employees/consumers should feel about the arguably most innovative retailer. “Wal-Mart employees who do not think globally are working for the wrong company.” “Wal-Mart must think and act as if it’s a global company. Otherwise, it cannot grow enough in the United States to maintain its stock price. It needs to be in South America. It needs to be in Asia. It needs to be in Europe.”
     Wal-Mart has taken their mind and cash over the last 20 years to become the world’s largest retailer. Wal-Mart had a base of 2,200 stores in the 80’s, closing out of the 90’s with a bang of 3,600 stores and $4.4 billion in net income. Spurred by NAFTA, Wal-Mart took advantage foreseeing potential growth in the foreign markets. Currently they have stories in the following countries: Mexico, Puerto Rico, Canada, Argentina, Brazil, China, Korea, United Kingdom, and in 1998 a controversial Germany. Most analysts believed Wal-Mart would move into eastern European countries however Wal-Mart confounded the analysts when they purchased a 21-unit Werkauf chain in Germany. Why Germany they ask? The Germany countryside was littered with carcasses of other retailers, therefore Wal-Mart new that its non brand name items, service, and low prices would succeed. Analysts believed that Wal-Mart would not buy in Germany for many reasons: first, zoning laws, scarcity of land, and high real estate prices make it...

Find Another Essay On Wal Mart Company Overview

Overview Of The Organization Of Wal-Mart And Goals. Are Theses Effective Goals? How Should They Plan To Achieve Those Goals?

819 words - 4 pages the world, Wal-Mart holds the number one spot, ranked by its total sales. The company is ranked as the second most admired company in the world by Fortune (www.fortune.com). With all these numbers, you would think they had a long drawn out plan with goals as long as their success, but when Sam Walton created Wal-Mart in 1962, he declared that three policy goals would define his business: respect for the individual, service to customers, and

Company Selection Paper

1223 words - 5 pages The two public traded companies that Team A chose to conduct a brief overview of are Wal-Mart and Target. Both of these companies do serve a large population of customers and employees here in America as well as overseas. The purpose of this paper is to explain the following research: what is the company's product or service; when was the company established; and what accounting firm audited each company's financial statement.Wal-MartWal-Mart is

Wal-Mart and Human Resource Management

687 words - 3 pages and the Low Price Promise is an advertising strategy that is known in any language. Sales have topped over $62.7 billion and continue to show a marked increase in profits every year. (International Overview 1-3) Because of this growth in the U.S. and internationally and the number of employees that make up Wal-Mart, it is critical that the company have a highly functional and well executed human resource management strategy. With the number of

Industry Analysis of Walmart

727 words - 3 pages industry in which his/her firm operates in.To demonstrate Michael Porter's model on industry analysis, I have chosen Wal-Mart Stores, Inc. The proceeding paper will give a brief overview of the Wal-Mart enterprise followed by Porter's five forces on the Wal-Mart organization.OVERVIEW of WAL-MART STORES INC.Wal-Mart Stores Inc. is a global enterprise that is the largest national retailer in the United States. (1. money.cnn.com/magazines/fortune500

International Strategy for Wal-Mart

1058 words - 4 pages Wal-Mart is a household word in the U.S., but it is quickly becoming a well-noted name in the international realm. Wal-Mart became an international company in 1991 when a Sam's Club opened near Mexico City. In 1993, Wal-Mart International was created to oversee the growing opportunities for the company worldwide. The international area is under rapid growth and worldwide consumer acceptance. Wal-Mart has over 2,660 stores in fourteen countries

Is Walmart Good?

1085 words - 4 pages 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

A Target on Wal-Mart

1372 words - 5 pages Wal-Mart is the largest company in the world; Wal-Mart employs 2.1 million workers worldwide with revenue of more than $405 Million for the year 2009. Its operations are based primary in the United States, but have begun to expand to other countries. According to Wal-Mart Annual report Wal-Mart has over 8,400 retail units under 55 different banners in 15 countries. This research will analyze the current market conditions of Wal-Mart

Ethics and Compliance Finance For Business

2674 words - 11 pages opportunists have cited the departure of the company from its original philosophies and guiding principles in the name of profitability. At the same time Wal-Mart has demonstrated consistent growth and has met the expectations of shareholders at every turn.This brief presentation will offer several views on how this has been accomplished. The team will discuss Wal-Mart's ethical overview and compliance with applicable financial regulations, demonstrate a

Strategic planning for walmart. The past, present and future

4246 words - 17 pages Untitled Wal-Mart Strategic Development and future Becoming Wal-Mart- The Past: Overview Wal-mart was founded by sam Walton in 1962. The idea behind was to bring discount shopping stores to rural America. It grew rapidly with huge popularity. Today it has 3708 Wal-mart U. S. Units, 569 U.S. Sam's Club and 4112 International units. It toppled GE and became No.1 in Fortune 500 Company list with annual revenue of 405

The Negative Effects of Walmart

1308 words - 5 pages very different style at approaching the topic. Karen Olsson’s article gives more of a personal aspect in her article by providing personal stories of actual Wal-Mart employees. Instead of picking out directly what is wrong with the Wal-Mart company, Olsson uses the stories to show the horrific effects that Wal-Mart has on its employees and the middle class. She even opens her article with “Jennifer McLaughlin is 22, has a baby, drives a truck

Wal-Mart's Expansion Into China

650 words - 3 pages by Greg Foran, the chief executive of Wal-Mart in China. As a customer I love the fact that I can go into Wal-Mart and purchase my products/ items at a low price. Wal-Mart strategy to open new stores in more locations in China was one of the best decisions they ever made. In order for a company to operate a business the CEO and Managers must make the best decision ever, which is meets the customer needs. China is one of the countries that are

Similar Essays

Wal Mart Overview Essay

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

Company Of Wal Mart Essay

1406 words - 6 pages 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. However despite the fact that the company is big, it has not survived or evaded the normal challenges that corporations go through, irrespective of whether private or public (David, 2012). For instance, the living wage bill of the United States resulted in Wal-Mat threatening to close down its

Wal Mart Organization/Industry Overview Essay

1584 words - 6 pages In today's society, Wal-Mart is known as one of the leading competitors of retailing. Wal-Mart was incorporated in 1962, with the goal of becoming the world's biggest and best in the retail world. Over the years, this company has developed into a brand image and market pace to be one of the biggest known industries of all time. Wal-Mart is double the size of its closest competitor with the motto 'Save Money. Live Better.' The owner, Sam Walton

An Inside Look At The Wal Mart Company

1996 words - 8 pages issues with race discrimination, or minority groups who work or applied at Wal-Mart locations. An online article by NBC News mentions a lawsuit against the big company on not hiring people of African American background, and because of the case, Wal-Mart has promised to put more effort into hiring minority groups (“Judge OKs Wal-Mart Race Bias Suit Settlement”). Unfortunately, there are many cases of racial discrimination throughout all