Preview

Company Selection and Overview

Satisfactory Essays
Open Document
Open Document
427 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Company Selection and Overview
Running Head: Company Selection and Overview

Company Selection and Overview:
Phillipe Williams
Rasmussen College
B119/MNA1161 Section 03 Customer Service, Spring 2013
Ed Khouri
04/28/2013

Company Selection and Overview

The story behind Wal-Mart is a very impressive one, one to be marveled amongst many. Sam Walton, one of the most driven and impressive business minds ever in my opinion. He started and founded his first Wal-Mart in 1962 in Rogers, AK. Getting his start in a small variety store he called Waltons. This small store was very successful, unfortunately the owner of the store for his own selfish reasons didn 't want to re-new Mr. Waltons lease. So in turn there for begins Wal-Mart legacy. With this new found and unfortunate act of decieving Mr. Walton, unfortunate for his landlord but motivating for Mr. Walton, this decision to kick him to the curb inadvertedly inspires his next move to corperate success. Eventhough Mr. Walton is deceased Wal-Mart remains a family business which currently still running founded in 1962 and employs over 2 million employees. Wal-Mart is a world leader when it comes to a store you can "one stop shop". you can get your groceries, automotive items, electronics, and cloths, they even have a pharmacy. After visiting a wal-Mart near you theres no other place to go, cause all your items were available there. Wal-Mart serves millions, on an average Wal-Mart grosses over $36,000 a day. With all the diversity Wal-Mart offer they serve a wide range consumers. theres no, one certain sort of individual Wal-Mart serves. Because they cater to all people who desire to shop without having to visit multiple stores. Wal-Mart is a world renowed leader when it comes to meeting the consumer needs. Mr. Walton was ingeniouse given his creation to be strongly admired for his forsight and drive to succeed when faced with adversity. To be honest theres deffinitely reason for your earned admiration when consideration success in


References: Walmart Company Statistics WWW.STATIISTICBRAIN.COM A Brief History of Walmart WWW.RECLAIMDEMOCRACY.ORG How was Walmart Started WWW.WIKI.ANSWERS.COM
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Local Business Bus/210
    • 319 Words
    • 2 Pages

    Local Business Bus/210

    The first component of Wal-Mart is business commerce. Business commerce is when Wal-Mart exchange good and services with other businesses. For example, Wal-Mart has a hair salon service; I love to get my hair done every other week. Also, many Wal-Marts provide banking services and some fast food services. Wal-Mart has stock trades also. Another main component of Wal-Mart is business occupation. Business occupation is the acquired set of specialized skills and abilities that allows Wal-Mart to create valuable goods and services. When my husband started at Wal-Mart he had to undergo several trainings to ensure that he understands the business and also that he provides customers with excellent services. Wal-Mart provides thorough training to its employees so that they can keep the customers coming back. Customers always value great customer service. I think this is one way Wal-Mart remains ahead of its competitors. The last main component of Wal-Mart is business organization. Business organization is the system of task and authority relationship which coordinates and controls the interactions between people so that they work toward a common goal. Wal-Mart’s common goal is to provide low prices. They try to provide lower prices than their competitors. They are about saving their customers money. They have reduced the costs of their retail and other products in the store. There are many Wal-Marts around the world and they provide the same services in all of them. I love Wal-Mart and I agree that they have prices lower than many other retailers. I definitely agree with their slogan, it is so true. “Save money, Live better”.…

    • 319 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Better Essays

    Evaluating the Financial Health of Wal-Mart Stores, Inc
    • 1737 Words
    • 7 Pages

    Evaluating the Financial Health of Wal-Mart Stores, Inc

    Wal-Mart was established in 1962 by Sam Walton, a 1940 University of Missouri economics major. The first store was opened in Rogers, Arkansas offering a variety of merchandise for consumers. Mr. Walton’s strategy of opening locations in small towns and offering consumers a wide variety of products at low costs was compelling and successful. The company became incorporated on October 31, 1969 and went public in 1970. By 1991, the company had become international and a multibillion dollar business. (Walmart Corporate, 2010).…

    • 1737 Words
    • 7 Pages
    Better Essays
    Read More
  • Good Essays

    The Pros And Cons Of Wal-Mart
    • 888 Words
    • 4 Pages

    The Pros And Cons Of Wal-Mart

    Wal-Mart is a nationwide company and is a household term almost everyone knows. Some people find it as a store that tends to help the less wealthy, while others find it to be the complete opposite in aiding underprivileged families. Wal-Mart has different attributes to show that it is a good source of assistance for our society. Those services consist of low prices, a variety of goods, and it provides jobs. These details might be over looked when not observed closely, preventing people from truly appreciating what Wal-Mart is doing for our society. Despite all of the controversy, Wal-Mart is good for America.…

    • 888 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Mara 466 Wal-Mart
    • 832 Words
    • 4 Pages

    Mara 466 Wal-Mart

    In the modern era of business operations the store founded by the Walton family in Bentonville Arkansas has grown into the largest company in the world. From its small beginnings it has grown into the behemoth of the retail industry and defined the new way of doing business worldwide. Wal-Mart’s continued success can be contributed to their business plan, distribution system, HR management, product diversity, price, and negotiating power with manufacturers. They have essentially written their own playbook on how to maximize the profitability of every store, every product and every worker.…

    • 832 Words
    • 4 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Who Is Sam Walton?
    • 105 Words
    • 1 Page

    Who Is Sam Walton?

    It all began with Sam Walton. In summary, envisioned with the ideas “of offering lower prices and great service” Sam opened Walton’s nickel-and-dime variety store in rural Bentonville, Arkansas in 1950; by 1960, he owned 15 stores (“Our History”). Seeking more profits, Walton then took up a new strategy: build big stores in small towns, discount everything, and sell in high volume (“Sam Walton”); thereafter, he opened his first Wal-Mart store in 1962 (“Our History”). By 1992 – after taking the company public in 1970 – Wal-mart achieved one of its missions: it became the number one retailer in the U.S., operating in 1,928 stores.…

    • 105 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Good Essays

    Labor Relations and Wal-Mart
    • 684 Words
    • 3 Pages

    Labor Relations and Wal-Mart

    Although to some of us it may seem Wal-Mart is only a few years old, it is actually over forty years old. It was founded in 1962 by Oklahoma native, Sam Walton. He was known to be a very cheap man; he was always on a hunt for low prices, it was a natural lifestyle for him. He still visited his regular barber and spent no more than $5 for his haircuts, although he was ranked as America 's richest man during the 1980 's. He always found a way to save money, therefore saving his customers money and still make a profit through volume. His charisma and leadership skills helped him to keep his staff or "associates", as he called them, happy. Also, the fact that he lived his life modestly showed that he was on a crusade for the lowly consumer, as he was always looking for better deals from suppliers.…

    • 684 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Wal Mart
    • 1969 Words
    • 6 Pages

    Wal Mart

    One of Wal-Mart belief and function is the respect for the individual. They have given importance of respect for every individual and every member of the community. For individuals; Wal-Mart offers convenience, good pricing and multiple products under one roof. It reduced the overall cost to consumers as they don’t have to go from one place to another to buy different goods.…

    • 1969 Words
    • 6 Pages
    Good Essays
    Read More
  • Powerful Essays

    Strategic Profile and Case Analysis of Walmart
    • 604 Words
    • 3 Pages

    Strategic Profile and Case Analysis of Walmart

    Wal-mart, is an American multinational retailer corporation that runs chains of large discount department stores and warehouse stores founded by Sam Walton in 1962. Moreover, the company is the world's third largest public corporation, according to the Fortune Global 500 list in 2012. Whereas, Wal-mart also the biggest private employer in the world with over two million employees, and still is the largest retailer in the world. Wal-mart remains a family-owned business, as the company is controlled by the Walton family.…

    • 604 Words
    • 3 Pages
    Powerful Essays
    Read More
  • Good Essays

    Walmart and the Elements of Business
    • 1499 Words
    • 6 Pages

    Walmart and the Elements of Business

    The history of Walmart is quite interesting and goes all the way back to the 1960’s. Walmart was started by a man named Sam Walton and his brother. Mr. Walton had a degree in economics and used this degree to secure a management trainee position at JC Penny’s. With his degree and experience he gained working at JC Penny’s he, along with his brother, opened a Ben Franklin store. By the late 50’s they owned 9 Ben Franklin franchises.…

    • 1499 Words
    • 6 Pages
    Good Essays
    Read More
  • Good Essays

    Is Walmart Good or Bad
    • 432 Words
    • 2 Pages

    Is Walmart Good or Bad

    The biggest reason for Walmarts success in the bussines world is the low prices they provide to the customers. Wal-Mart has always had the lowest price of any of its competitors. Samuel Walton believe that the small amount of profit he would lose from lowering the prices would not affect him as long as he was able to sell at a high volume. These low prices not only help Wal-Mart, but many families across the country. They are able to save money by purchasing goods at Wal-Mart that would…

    • 432 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    Wal-Mart’s Destruction
    • 1371 Words
    • 6 Pages

    Wal-Mart’s Destruction

    Many large corporations has bribed millions of customers into their enterprises with the mind state of cheap goods. Little do the customers know, the quality of the products is terrible. Wal-Mart being the biggest incorporation in the United States has destroyed many local businesses and communities across the nation. Surprisingly thrown in local towns, selling low priced items, patronizing the eyes of the consumers with low quality products. Founder, Sam Walton first named the once small business “Wal-Mart Discount Store”, which was located in Rogers, Arkansas in 1962. As time went along, the small company was officially corporates as “Wal-Mart Store Inc.” on the scariest day of every year, Oct, 31 1969. When 1970 hit Wal-Mart was then marked a massive amount of growth at the beginning stage of the business. Currently operating 1,309 stores in 10 countries, ranking as the largest retailer worldwide including Mexico and Canada, earning $245 billion in sales last year, Wal-Mart is a success when it comes to taking money from businesses and residency.…

    • 1371 Words
    • 6 Pages
    Good Essays
    Read More
  • Powerful Essays

    Walmart History
    • 3732 Words
    • 15 Pages

    Walmart History

    Wal-Mart is one of the largest retail markets in the world and continues to increase its revenue because of its products and services that are provided. I have to admit Wal-Mart has made a lot of money from me because it's my one stop supermarket. I can go to Wal-Mart and find just about any and everything I'm looking for which makes my shopping experience just that much more supreme. Let me share some of the businesses history with you and its timeline. The very first store to open was in Rogers, Arkansas in 1962 its founder was Sam Walton. In 1970 Wal-Mart opened its first distribution center and home office in Bentonville, Ark.1972 Wal-Mart was approved and listed on the New York Stock Exchange.1983 First SAM'S CLUB opened in April in Midwest…

    • 3732 Words
    • 15 Pages
    Powerful Essays
    Read More
  • Good Essays

    Wal-Mart's Pride Month Discrimination Cases
    • 1636 Words
    • 7 Pages

    Wal-Mart's Pride Month Discrimination Cases

    Wal-Mart opened its first store in 1962 in Arkansas. Since the opening of the first store they have been one of the largest retail store. Much of their success is owned to the founder, Sam Walton. Walton believed in low prices and great service. He had great success with this vision over the span of his career. Sam died at the age of 74 in 1992. Little did he know that in the future his visions of providing great service and low prices, would come at a cost. The cost being several discrimination cases filed against them since 2001.…

    • 1636 Words
    • 7 Pages
    Good Essays
    Read More
  • Good Essays

    Wal-Mart Market Structure
    • 971 Words
    • 3 Pages

    Wal-Mart Market Structure

    When Wal-Mart Stores Inc. opened its doors to their first discount store in 1962, Sam Walton had no idea his business would take off like it has to this day. The reason for Wal-Mart's success has been their ability to create a basic structure for their very own business ecosystem. Wal-Mart came to the conclusion that if they offered a variety of well-known brands and sold them about 15% cheaper than other retailers, then this would make them a powerful force in the retail business.…

    • 971 Words
    • 3 Pages
    Good Essays
    Read More
  • Best Essays

    Wal-Mart Seafood Supply Chain Case Study
    • 3658 Words
    • 15 Pages

    Wal-Mart Seafood Supply Chain Case Study

    According to (Anon, 2012) Wal-Mart Stores Inc. is an U.S based multinational retailer that runs chain of large discounted departmental stores & warehouse store and was founded by Sam Walton in 1962 and it was labeled Walmart in 2000. It’s headquarter is located in Bentonville, Arkansas. In the former year (2011) it generated revenue of US$ 421.849 billion. It has around 8500 stores in 15 countries, under 55 different names. It operates as Walmex in Mexico, Asda in United Kingdom, Seiyu in Japan, Sam’s Club in North America, Walmart itself in U.S.A & in India as Best Price. Walmart is also the world’s largest private employer with above 2 million employees & also the biggest retailer in the whole world.…

    • 3658 Words
    • 15 Pages
    Best Essays
    Read More

Related Topics