Eassy
WMT.N) must be a "company of the future" that embraces advances such as electronic health records or hybrid cars to drive down costs, keep prices low and tackle issues the government may not be able to solve, its chief executive said on Wednesday.
Wal-Mart Stores (WMT) Founders Facts and Trivia:
On May 9, 1950, Sam Walton opened up Walton's 5&10 in Bentonville, Arkansas. The first store with the Wal-Mart name was opened in 1962 in Rogers, AR, financed 95% by Sam Walton himself.
Wal-Mart's Headquarters:
The corporate headquarters of the world's largest retail company, Wal-Mart, are located in Bentonville, AR, where founder Sam Walton started it all.
The Mission Statement and Purpose of Wal-Mart (WMT)
Wal-Mart's advertised mission statement and its advertising slogan are the same:
"We save people money so they can live better."
In addition to this mission statement, the company looks to its founder, Sam Walton for a company "purpose":
“If we work together, we’ll lower the cost of living for everyone…we’ll give the world an opportunity to see what it’s like to save and have a better life.”
In order to fulfill its mission, Wal-Mart has developed some unique, policies, principles, rules, processes and procedures, the sum total of which form the Wal-Mart stores corporate culture: * Open Door Policy - Managers' doors are open to employees at all levels * Sundown Rule - Answering employee, customer, and supplier questions on the same day the questions are received * Grass Roots Process - Capturing suggestions and ideas from the sales floor and front lines * 3 Basic Beliefs & Values - Respect for the Individual, Service to our Customers, Striving for Excellence * 10-Foot Rule - Making eye contact, greeting, and offering help to customers who come within 10 feet * Servant Leadership - Leaders are in service to their team * Wal-Mart Cheer - An actual structured chant that was created by founder
Wal-Mart Stores (WMT) Founders Facts and Trivia:
On May 9, 1950, Sam Walton opened up Walton's 5&10 in Bentonville, Arkansas. The first store with the Wal-Mart name was opened in 1962 in Rogers, AR, financed 95% by Sam Walton himself.
Wal-Mart's Headquarters:
The corporate headquarters of the world's largest retail company, Wal-Mart, are located in Bentonville, AR, where founder Sam Walton started it all.
The Mission Statement and Purpose of Wal-Mart (WMT)
Wal-Mart's advertised mission statement and its advertising slogan are the same:
"We save people money so they can live better."
In addition to this mission statement, the company looks to its founder, Sam Walton for a company "purpose":
“If we work together, we’ll lower the cost of living for everyone…we’ll give the world an opportunity to see what it’s like to save and have a better life.”
In order to fulfill its mission, Wal-Mart has developed some unique, policies, principles, rules, processes and procedures, the sum total of which form the Wal-Mart stores corporate culture: * Open Door Policy - Managers' doors are open to employees at all levels * Sundown Rule - Answering employee, customer, and supplier questions on the same day the questions are received * Grass Roots Process - Capturing suggestions and ideas from the sales floor and front lines * 3 Basic Beliefs & Values - Respect for the Individual, Service to our Customers, Striving for Excellence * 10-Foot Rule - Making eye contact, greeting, and offering help to customers who come within 10 feet * Servant Leadership - Leaders are in service to their team * Wal-Mart Cheer - An actual structured chant that was created by founder