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Sam Walton was the creator of Walmart; therefore, he must to have had success in his company to make it a very popular, widespread, multi-billion dollar company during our lifespan. The Walmart legacy has spread to 11,088 locations since its foundation in 1962. Sam Walton began to build upon his founding of Walmart by opening many other stores in the local areas around Roger, Arkansas. This would play a key role in how his business skyrocketed into success. Walton’s family has led Walmart into even greater success ever since his passing. The origins, popularity, and health of the Walmart stock are very important aspects to look at when looking at whether to look at investing into Walmart or not.
The Samuel Moore Walton legacy began in 1918 on a farm in Kingfisher, Oklahoma. The family moved to Orlando, Florida around 1921, when the family’s second son was born. Sam Walton was the eldest son of their family. Sam’s childhood was never ideal for an American because of him being raised during the Great Depression.Sam became the youngest ever Eagle Scout in the state of Florida when he was an adolescent. His father and mother never made enough of a living, so the two sons were forced into work to try to cover the bills. Samuel’s father and mother had jobs in repossessing farm land of locals. Sam grew up doing the odd and sometimes difficult jobs. He often had to milk cows, bottle the surplus, and deliver each bottle to the specified customers. If this wasn’t enough, he also delivered newspapers and magazine subscriptions around his town. He continued these jobs in Florida until his high school graduation when he left for the University of Missouri. He went to college searching for a better way to make a living to supp...
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...the losses from splitting the stock are made up and the stock can continue to make Walmart’s stockholders money. The stockholders buy into Walmart because of this aspect. It works well for them in the long run. If it worked well with them, why would it not work for regular hard-working people? In twenty years, $155.20 invested into two shares into today’s Walmart stock could make you no money to $150. There is only a good history in the stock of Walmart.
Since the origins, to the continuous popularity, and to the great health of its stock today, Walmart has never failed their stockholders. Walmart has great creativity, atmosphere, and relative location. The company has grown exponentially within the last 52 years. Walmart has never failed to improve, impress, and improvise with their great deals. Walmart is a great stock to invest in for retirement funds.
Wal-Mart was conceived and founded by Sam Walton in 1962, at Rogers, Arkansas. Sam Walton started with just a few small variety stores, funded with borrowed money. His goal was to provide affordable products to the public to make life easier. After his success with the first few stores, Sam Walton borrowed more money to build more stores, creating the Wal-Mart empire as we see it today. The retail giant proves its stoic presence in our lives with its $401 billion sales for fiscal year 2009.
Born on March 29, 1918 in Kingfisher, Oklahoma, Sam Walton was said to have excelled at anything he set his mind to (Walton & Huey, 14). President of the student body in high school as well as college at the University of Missouri, where he majored in business, Walton and his natural ambition gained him success in virtually all of his ventures; during the Great Depression, Walton had managed a small newspaper business, making an impressive four to five thousand dollars per year. It leaves little to wonder about how exactly Wal-Mart became such a financially successful industry.
There is a lot that goes into being a successful company, and making the Fortune 500 list is most every business owner’s dream. Sam Walton is credited with being the founder and first Chief Executive Officer (CEO) of Wal-Mart. Walton and other CEO’s of the company were able to shape the success of Wal-Mart by implementing strategies that would revolutionize the way retail stores do business, all while pushing Wal-Mart to the top spot on the Fortune 500 list. This paper looks at a few different strategies Walton implemented that ultimately benefitted the company to increase revenue. How did Wal-Mart become the retail giant that it is today? T.A. Frank of Washington Monthly gives a brief history of Wal-Mart in his article Everyday Low Vices.
The first Walmart was opened in Rogers, Arkansas in the year 1962 by a 44-year-old man by the name of Sam Walton. When he first envisioned Walmart, Walton believed that a successful business could be built around offering lower prices and great service. Despite his retail rivals laughing at his supposedly unsustainable business model, the company became hugely successful, and its success exceeded even Walton's expectations. The company went public in 1970, and the proceeds financed a steady expansion of the business. Today, Walmart is the largest retailer in the world, as it has 8,500 stores spread across 15 countries and annual revenues of $400 billion dollars. Moreover, Walmart is the
Wal-Mart as we know it today evolved from Sam Walton’s goals for great value and great customer service. Mr. Walton’s competitors thought his idea that a successful business could be built around offering lower prices and great service would never work. Mr. Walton also credited the rapid growth of Wal-Mart not just to the low costs that attracted his customers, but also to his associates. He relied on them to give customers the great shopping experience that would keep them coming back. Sam shared his vision for the company with associates in a way that was nearly unheard of in the industry. He made them partners in the success of the company, and firmly believed that this partnership was what made Walmart great.
Our decision is to invest in Wal-Mart. The choice for Wal-Mart is on the basis that their functional-level strategy is really robust, nevertheless of the fact that they do not treat their employees well. The fact remains that they are financially stronger, have a better business-level strategy, and have a corporate-level strategy than Costco. Costco v. Wal-Mart: What must we learn about them? Let start with Costco. Costco is Wholesale, Retail Corporation which operates an international chain of membership distribution centers that provides quality, brand name merchandise at noticeably more affordable rates than a conventional wholesale or retail sources. Costco 's warehouses display the largest and great product categories such as groceries, candy, appliances, television and media, automotive supplies, tires, toys, hardware, sporting goods, jewelry, watches, cameras, books, house wares, apparel, health and beauty aids, tobacco, furniture, office supplies and office
Walmart is one of the most successful franchises of all time and continues to take fire from multiple angles, whether it’s about the costing of jobs, the wages, the health insurance, the small business destruction, or the environmental impact, but can always back itself up by negating those claims with facts that proves that it is beneficial to the community.
Walmart stakeholders like every brick and mortar retailer were concerned with the Amazon apocalypse as more and more retail stores were closing from Target to Macy’s to Sears and thousands of employees lost their jobs. That fear led a lot of traders to hold Walmart stock on short interest as they though that Walmart is going down too as Amazon was a major concern on many stakeholders’ minds from suppliers to customers to investors to banks. However, Walmart adapted to the new game and excelled.
The top two reasons for such success in ranking first in retail store market, is because Wal-Mart is convenient globally and so are there prices in the competitive market . Wal-Mart has three segments which are superstores, discount stores, and Sam's Club stores, all of these are scattered in the United States, Canada, Mexico, Europe, Brazil, and Asia. One downfall was from Sam's club because too many were opening all over internationally it decreased the number of customers per location. Overall despite the company's decline on Sam's club sales, the Corporations did well over all with the figures brought in and conditions.
Walmart a name known globally they are a true empire. They are known as one of the largest company in the world. Sam Walton founded Walmart opening the first store in 1952 and Arkansas since then in has grown. According to Snyder Walmart is located in over 27 counties they have over a 11,000 stores and over two million employees. Walmart stands by the mission statement “We save people money so they can live better.” Walmart is known for is super low prices, and they compete with anyone who tries to enter their market. Walmart has a very formal and bureaucratic structure. There is a very clear hierarchy and commands come from the top and flows to the bottom. Although Walmart is so successful they have received lots of backlash due to some
Wal-Mart initially began its operations in 1945, when Sam Walton leased a ‘Ben Franklin’ franchise variety store in Newport, Arkansas. After relocating to Rogers, Arkansas in the early 1950s, Sam Walton’s ‘Ben Franklin’ became ‘Walton’s 5 & 10’. By 1962, Walton found himself the chain owner of 11 different Walton’s stores across Arkansas. He then decided to rename the chain ‘Wal-Mart’, after himself. On October 31, 1969, after further expansion across the state, the chain was incorporated as Wal-Mart Stores, Inc. Three years later, Wal-Mart was approved and listed on the New York Stock Exchange (NYSE).
When Sam Walton died in 1992, some industry insiders doubted that the Wal – Mart chain that he had founded some 30 years earlier would retain its prominence as a discount retailer. Lost for good they feared, would be the “magic spark” that Walton used to light fires under the chain’s 1.3 million associates. And, as Wal – Mart stock failed to enjoy the same bull – market growth as many other companies in the mid – 1990s, the pundits appeared to be correct. Today, however, with stores in all 50 U.S. states and nine other countries, Wal – mart has rebounded, leading the pack of discount stores with record earnings. In fact, with $218 billion in annual sales and 100 million customers per week, Wal – Mart is the world’s largest retailer and was named “Retailer of the Century” by Discount Store News.
From the principles and lessons in this book I have learned some things about business and the retail world. For example, you can always learn more and improve on your business and operations. One of reasons that Sam Walton became so successful was because he observed all of his competition. Sam would go inside all of his competitors stores and observe how they displayed their merchandise, how they operated, and the prices they charged. He did this to see what was working and making these companies so successful and then would try to implement these ideas into his own stores. Sam would look at stores wherever he went; in fact he even visited competitor’s stores on vacations. His wife, Helen Walton said that on vacations, “of course, we always had to stop and look at stores-any kind of stores- on the way to wherever we were headed(Walton 70). He was so determined and wanted to be the
Wal-mart has a reputation for caring for its customers, of course their employees, and for the prospective public. So Wal-Mart can be an industrial leader for the world of shoppers with an eye for lower affordable prices, company decision makers would continue it's systematic strategies that it's founder and president established years ago. Sam Walton believed in three guiding principles in his strategy planning they were to provide the customer with good value and service, to have a good relationship with its associates, and to be involved with the community.
Wal-Mart definitely makes their shareholders money. The fundamental question is whether the shareholders care about Wal-Mart’s scrutiny. Shareholders should have some concern on how the world views Wal-Mart and how long they will hold up under the scrutiny.