Walmart's Mission Statement

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Wal-Mart’s foundation is built on its vision, mission, and purpose. The organization’s ambition since its’ creation is to be the top retailer within the industry which is manifested in its’ mission statement by saving people money so they can live better (Ferguson, 2017). The true reason for Wal-Mart’s existence, as Wolfe (2011) describes as “Soulful Purpose,” was profoundly stated by the founder of Wal-Mart upon accepting the Presidential Medal of Freedom in 1992, from former President George H.W. Bush: “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.” Wal-Mart continues to be consistent towards achieving its purpose and vision by maintaining the organization’s reputation in saving the customer money by selling quality products at lower prices. This type of shopping experience devised by Wal-Mart impacts customers globally as well as creating “share value” for the business and society. Wal-Mart persists in being a leader within the retail industry in utilizing their strengths that impact the environment as well as social issues by increasing the use of renewable energy, create zero waste in key markets and sell products that sustain people and the environment.

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