Essays on Sam Walton

Impact of Globalization and Technology

Walmart was established by Sam Walton in the year 1962 as a small retail outlet in Arkansas. The main idea on which Walton started operations was on providing the greatest possible variety of consumer goods to people under one roof at the lowest possible prices. Since Walmart’s opening, the company has established itself as the highest revenue generating company in the world as per the data collected in 2016 by Fortune Global 500. Despite the company’s expansion in more than 28 countries, operating 63 different banners at 11,633 store locations, it remains a family owned business ...

Abstract

Wal-Mart was founded in 1962 by Sam Walton and since then the company has extended its outstanding retail services to 11545 stores in approximately 28 countries. The company has emphasized on proper management of operations in its stores for a long while to influence its market share. The retail strategy of the company has helped the company to ensure exclusive performance in the industry. It has sustained unique business through respect for promotion, price, place and products. The company has to keep up with the completion from Costco Incorporation, Target Incorporation, Dollar Tree and Dollar General Incorporation. The SWOT ...

The leadership theory that appeals me the most is behavioral theory. Behavioral theory emphasizes that leaders are not born instead they are made. The theory is indicative of the fact that successful leadership can be achieved via learnable and identifiable behavior (Yukl, 1971). This theory, however, does not consider inborn abilities and traits, but look at the actions or acts of leaders. This theory suggests that strong personality, self confidence, and ego with positive attitude are required for leadership. Behavioral theory believes that behavior of leaders directly exert their influence on efficiency and effectiveness of workgroup. Further, this theory ...

Essay

Introduction The headquarters of Wal-Mart are located in Bentonville, Arkansas. Sam Walton, the founder of the company, launched a variety store in Newport, Arkansas in 1945. His brother, James 'Bud' Walton, opened an identical store in Missouri in 1946. Until the 1960s the enterprise was focused wholly on variety stores (Brunn, 2006). The original Wal-Mart Discount City was launched in 1962, which became the original discount store of Wal-Mart. The original Sam's Clubs were then launched in 1984, which was followed by the opening of the original supercenter in 1988. The original neighborhood market was launched in 1999. In ...

Introduction

Walmart is the world’s largest public corporation in terms of revenue and it largely attributes that due to its aim of bringing the lowest cost possible to clients. Sam Walton the founder of the retail store exhibited admirable traits that he also wanted to instil in the company’s workforce such as more effort, loyalty, humility, sincerity, and prudence (Basker, 2007). Furthermore, he also wanted his employees to also be happy, and inspired to work in the company. Presently, Walmart staffs the most workers than any other organisation in USA, yet most workers live below the poverty line ( ...

Employment Practices at Wal-Mart

Wal-Mart Company has been known to offer better prices to its customers than other retail stores. It has been a friend to the working class as well as to the families on budget for a long time (Fishman, 2006). This company has realized extra special growth beginning way back from the time it started its operations in the year 1962 and it now has over six thousand retail units all over the world (Fishman, 2006). The success of this company can be attributed to its values it embraces of hard work, satisfying the customer and appreciating its associations. This was a direction ...

How has Wal-Mart grown from a small region chain to the largest discount retailer in the world? How has its strategy contributed to the firm's growth?

The company was founded by Sam Walton in 1962. The first Wal-Mart store was opened in Rogers, Arkansas. Seventeen years later, annual sales were more than $ 1 billion. In January 2006, Wal-Mart was the largest retailer in the world, with a turnover of $ 218 billion (for the same period, Kmart’ turnover $ 37 billion, Sears’s $ 40,9 billion, Target’s $ 36,9 billion, Walgreen’s $ 21,2 billion). However, the biggest figure of net income for the same period received Walgreen $ 3,7 billion, Target $ 3,4 billion, Sears $ 3,3 billion, the same as Wal - Mart$ 3,3 ...

INTRODUCTION

Wal-Mart Stores Inc., the world’s largest retailer, is possibly the most controversial business in America. According to Duke University professor Gereffi (2006), Wal-Mart is a model for all businesses in all industries. With over $375,000 billion in sales for its 2008 fiscal year and approximately 1.7 million employees worldwide (of these, 1.3 million are U.S. employees), proves Wal-Mart one of the largest companies in the world. Wal-Mart, based in Bentonville, Arkansas, has capitalized technology and trade agreements (e.g., between the U.S. and China) to move to more global operations in its quest for greater profits. In general, Wal-Mart ...