Walmart Vision Statement

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People like to think of Walmart as a store with many variety, because you can get almost anything for low prices. Although Walmart is an American Retail corporation, there are many branches of Walmart, not only in the United states but also other places around the Globe, making it the largest company by Revenue. Because of its variety in products and worldwide locations, Walmart has a significant effect on the society, both economically and most importantly the impact of environmental issues. Like many other Global Industry, Walmart overtime has develop strategic ways in the sustainability of the environment not only for the environmental issue we face, but also a market strategy which forms a connection between society and businesses.
Walmart
To start, their vision statement is: “To be the best retailer in the hearts and minds of consumers and employees.” Their aim to be the top retailer is certainly true. According to the National Retail Federation, Walmart is the #1 retailer in the United States. Other numbers back up their position. They have 11,535 retail unites in about 28 countries. 2.2 million associates around the world serve over 260 million customers weekly. For the fiscal year of 2015, Walmart reported increased net sales of 1.9% and a revenue of $485.7 billion. Additionally, Walmart’s mission statement is: “Saving money so they can live better.” Their statement also parallels with their company slogan: “Save money. Live
Their main growth strategy is market penetration, where the company sells as many goods and services to their current target market as possible. They do so by offering discounts, promotions, and special packages tailored for the customers. The other strategies, while important, are not used as often.
Walmart’s main objectives can be found in their Global Responsibility Report. First, they aim to create economic opportunity for associates and suppliers for their retails and supply chains. Second, they aim to strengthen their sustainability efforts for their operations and product supply chains. Lastly, the company aims to build strong communities by supplying disaster relief efforts and investing in the communities.
On October 23rd 2005, Lee Scott, the CEO of Walmart at that time, in a Walmart company speech that was given by him, publicly set Walmart on the path of becoming a leader in sustainability by setting three bold goals for Walmart: to be supplied 100 percent by renewable energy, to create zero waste, and to sell products that sustain our resources and environment. For the past ten years after Lee Scott announcing his three goals, Walmart has been making a significant commitment to fulfilling his

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