Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Wal mart's competitive advantage
Wal-Mart's competitive strategies
Walmart history
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Wal mart's competitive advantage
I live in Mentor, Ohio, a suburb about thirty-five miles east of Cleveland. It used to be all greenhouses, until a few decades ago when it began the process of commercialization, along with other neighboring cities. Big-name stores moved into town, slowly at first. After awhile, along came a shopping mall and stores such as K-Mart. These businesses really began to change the community for the better.
As the area became more developed, more people moved there. Eventually Wal-Mart made its way into town. The onset of competition forced K-mart to relocate (less than a mile down the road from the original site, across the street from where the Wal-Mart was being built) and upgrade to a Super K-Mart Center. The difference between K-Mart and Super K-Mart is that Super K-Mart has everything that regular K-Mart has, but it is now also equipped with a complete grocery section. This enables customers to do all of their shopping in one location.It all started in 1962. The first Wal-Mart Discount City opened that year in Rogers, Arkansas, and the franchise has been growing exponentially ever since.
In 1980 there were 276 stores, and in the year 2000, there are more than 3,400 Wal-Marts in every state of the USA and a handful of foreign countries. These countries include Germany, Mexico, Canada, Brazil, and Korea, to name a few. Wal-Mart has aspirations to be globally recognized like McDonald's and Coca-Cola. For five years, the state of Vermont waged a war against Wal-Mart, refusing to let any of these super stores inside state boundaries. Eventually Wal-Mart won the battle and the first store opened in Bennington, Vermont. Instead of expected protests, Wal-Mart's business was booming.
During the first week, the store had almost 1.5 times as many transactions as people live in the town. According to "Shopping With the Enemy", town life will never be the same because "people crave the low prices, large selection and convenient parking," offered by discount stores (146).In the article "Wal-Mart's War on Main Street," by Sarah Anderson, it is correctly stated that "rural life is changing and there's no use denying it." (Anderson 139) Even without imposing businesses, the technological advances of today make the world smaller and smaller. It used to be that in rural places there would be one farm and then nothing for miles. There wasn't much contact with people outside of one's family.
I don't see Wal-Mart as a huge retailer trying to take over the world with cheap prices. I see Wal-Mart as business that has played their cards the way they were dealt. Our economy is poor right now; banks are hurting because people a...
In 1962, Wal-Mart opened their first store in Rogers, Arkansas. In 1970, Wal-Mart's first distribution center and home office in Bentonville, Ark. open and Wal-Mart went public on the New York Stock Exchange. Just nine years from that, Wal-Mart's annual sales exceeded one billion dollars. In 1988, Wal-Mart super centers opened across the country. In a merely three years from that, Wal-Mart opened their own store in Mexico City, Mexico; making Wal-Mart an international corporation. Not even sixty years has past, and yet, Wal-Mart is over-powering our country.
To begin with, some store history may be helpful. In 1914, Anna Albrecht opened a small store, Albrecht Discount, in the town of Essen, Germany. By 1948, her sons had taken over the business and had expanded it to four locations. In 1962, the store’s name changed from Albrecht Discount to Aldi. In 1976, Aldi makes their debut in the United States, opening a store in Southwestern Iowa. Today, in 2014, Aldi has 1,300 locations in the United States and 4,000 locations worldwide (Aldiuscareers.com). In 1962, Wal-Mart opens in Rogers, Arkansas. In 1983, Sam Walton opened the first Sam’s Club in Midwest City, Oklahoma. By 1988, Walton had opened the first Wal-Mart Supercenter in Washington, Missouri. Wal-Mart went global in 1991, opening a Sam’s Club in Mexico City, Mexico. Today, in 2014, Wal-Mart employs 2.2 million associates, serves 200 million customers, with 11,000 stores in twenty-seven countries (Corporate.walmart.com).
It’s a place everyone knows, much like the post office or even city hall. Wal-Mart. That is where the oddity lies, in the fact that a retail store is just as well known as staples for towns across the nation; not to mention the fact that Wal-Mart isn’t just in the United States, but around the world. Founder of the billion dollar industry, Sam Walton, did expect success from his endeavor, but no one could have foreseen just how influential the retail store would be. Wal-Mart is an astonishingly successful business with humble beginnings, but may have a rocky road ahead in terms of social issues due to the treatment of employees and it's strong effects on the economy.
Walmart is bad for America, as some say. The Globalization essay that was handed out in class had many good points. It states that Walmart puts many smaller businesses out of service. A recent study by David Neumark of the University of California at Irvine and two associates at the Public Policy Institute of California, "The Effects of Wal-Mart on Local Labor Markets," uses sophisticated statistical analysis to estimate the effects on jobs and wages as Wal-Mart spread out from its original center in Arkansas. The authors find that retail employmen...
In order to gain the success it has had, Wal-Mart has no doubt affected small businesses. But in the place of small business Wal-Mart has been able to do far more for Americans than small businesses could. It provides consumers inexpensive necessities for life, it provides work for those who would otherwise have none, and it has a stake in the global economy that benefits our own with trading. Wal_mart
Wal-Mart represents the sickness of capitalism at its almost fully evolved state. As Jim Hightower said, "Why single out Wal-Mart? Because it's a hog. Despite the homespun image it cultivates in its ads, it operates with an arrogance and avarice that would make Enron blush and John D. Rockefeller envious. It's the world's biggest retail corporation and America's largest private employer; Sam Robson Walton, a member of the ruling family, is one of the richest people on earth. Wal-Mart and the Waltons got to the top the old-fashioned way: by roughing people up. Their low, low prices are the product of two ruthless commandments: Extract the last penny possible from human toil and squeeze the last dime from its thousands of suppliers, who are left with no profit margin unless they adopt the Wal-Mart model of using nonunion labor and shipping production to low-wage hellholes abroad." (The Nation, March 4th 2002 www.thenation.com/doc.mhtml?i=20020304&s=hightower).
This is a good question. Walmart started as a small five and dime in the city of Bentonville, Arkansas by a man named Sam Walton. After a great success Sam and his wife Helen moved to Rogers, Arkansas where he opened his very first Walmart. He had some retailing experience after his time in the war and he chose Bentonville for the hunting season and because his wife wanted to live in a small town. His ideas of not pocketing extra cash from manufacturers, but rather giving deals to customers and trying to make profit off of how much he sold, changed the way retailers make money in America. Sam had a cheap mindset, not only for his customers, but for himself. Even when he became the richest man in America he continued to get his hair done for
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).
The first Wal-Mart store was built in Rogers, Arkansas. Wal-Mart's were gradually put up around the United States and then moved to other countries such as Japan. Marshall Fields & Company was started in 1881, which moved to Dayton Dry Goods Store into the Dayton Co. The Dayton Co. enters into the world of discount merchandising, starting with the first Target.
Environmental Studies is the academic field, which systematically studies human interaction with the environment in which we live in. It is a broad field of study that includes the natural environment, built environment, and the sets of relationships between them. Environmental studies takes into account many different factors that help provide an enjoyable, fruitful way of life, such as national policies, politics, laws, economics, sociology and other social aspects, planning, pollution control, natural resources, and the interactions of human beings and nature.
The Journalist Resource also tells us that, "the probability of going out of business was significantly higher for establishments closer to a Walmart" making us believe that Walmarts are the reason for our local businesses to leave (Kille and Ordway). Walmarts our liking our local businesses, making it so hard for local business owners to keep their jobs. Most local business owners are loosing their jobs, money, and careers because of the Walmarts coming to our local counties. Kille and Ordway say that "on average, within 15 months of a new Walmart opening as many as 14 local businesses close" causing us to believe that Walmarts are the reason for the decline of businesses (Kille and Ordway). Walmarts coming to our counties is completely destroying our local economies. Eventually, the collapse of our local economies is inevitable. Our local economy is being destroyed by the big box Walmarts coming to our towns and counties, closing all our local
The Wal-mart is the largest retail chain in United States and in the world. The wal-mart was founded in the year 1962 by Mr Sam Walton. It was originally named as Wal-Mart discount city in Rogers, Arkansas. At the time when the Wal-Mart stores started in the year 1962 it was focused only in small rural cites and town which had a population of 5000 to 25000. It was soon increased to 18 stores in 1969. In the next 30 years it had more than 4750 stores across 50 states in USA and 9 countries with $245 billion sales. It started its international operations in Mexico in the year 1991 and then it expanded it to different countries across Europe and Asia.
In the United States and all over the world, the entry and operations of big retailers like Wal-Mart into a small town sparks great controversy within the community. The fact that people contemplate on the fact that the policies and actions of Wal-Mart are destructive to a small town’s economy is not new. Most small town’s economies are run by subsistence and self-reliant traders. With time, the traders embrace the division of labor and specialization of skills in accordance with the trade, production and manufacturing needs of the community. In such a market, a simple move like a decision by the producers to sell directly to the consumers may spark
The first Wal-Mart was opened in Rogers, Arkansas, in 1962. By 1969 it was incorporated into Wal-Mart Stores, Inc., and in 1972 went public on the New York Stock Exchange. The company grew steadily across the United States, and by 1990 was the nation's largest retailer. In 1991 and 1994, Wal-Mart moved into Mexico and Canada respectively. By 1997 it was incorporated into the Dow Jones Industrial Average. As of 2005, Wal-Mart has stores in the United Kingdom, and Puerto Rico, and brings in revenue of close to 300 billion dollars a year. In 2006, Wal-Mart invaded the China and India's markets. During the last two decades, Wal-Mart has been able to take advantage of the rise of information technology and the explosion of the global economy to change the balance of power in the business world (Wikipedia, 2006). Today Wal-Mart continues to grow and their success is not only from their sound strategic management planning but also from its implementation of those strategic plans. In other words operational planning has been an important key to their success.