Preview

Walmart Case

Powerful Essays
Open Document
Open Document
3441 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Walmart Case
Summer

Summer

National Economic University – Hanoi - Vietnam
National Economic University – Hanoi - Vietnam
08
Fall
08
Fall

Wal-Mart Case
Wal-Mart Case

Dam Thi Thu Quynh
CQ502184
Advanced program
Intake 50

Dam Thi Thu Quynh
CQ502184
Advanced program
Intake 50

Question 1:
What impresses you about this company? What accounts for Wal-Mart’s success over the past 25+ years? Is it a great strategy, superb strategy implementation and execution, or great leadership? What aspects of Wal-Mart do you find unimpressive?
In my opinion, there are at least 3 things that I should be impressed about Wal-Mart. * No match rivals: In early 1990, Wal-Mart tested selling grocery, food as well as commodity goods in the form so called “supercenter”. During this time, grocery industry had been governed by a chain of famous international supermarket. However, after 10 years, until the end of 2000, Wal-Mart had breakthrough and became the number one food retailer in America. * Sweep and annexation: As a retail group, Wal-Mart is not only the biggest but also the strongest and barely no match rivals. It is bigger than Home Depot, Target, Costco, Kmart, Kroger and Sears combined. Wherever Wal-Mart store is located, it is a threat to local supermarket and discount stores. It is also the potential and irresistible customers for some suppliers. * One of the economic indicator of America: In the daily news, the name Wal-Mart is highlighted in over 100 articles. Each month, revenue of Wal-Mart becomes the subject to be mentioned every 24 hours. Everybody concern with what is happening to Wal-Mart due to the fact that its business performance is consider a key indicator of United States economic trends in general.
It is obvious that Wal-Mart must have its own characteristics to make it strong and invincible like today. From what I have collected, I believe that it is the combination several factors including: good strategy,
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    Wal-Mart Economic Indicators
    • 1203 Words
    • 5 Pages

    Wal-Mart Economic Indicators

    Although Wal-Mart is a very successful company, there are still many areas of improvement they need to consider. The problem a lot of companies make is that once they reach a certain revenue dollar amount they feel they have arrived. Although having increasing revenues consistently is key to success, there are many other factors that measure a company’s success.…

    • 1203 Words
    • 5 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Local Business Bus/210
    • 319 Words
    • 2 Pages

    Local Business Bus/210

    The first component of Wal-Mart is business commerce. Business commerce is when Wal-Mart exchange good and services with other businesses. For example, Wal-Mart has a hair salon service; I love to get my hair done every other week. Also, many Wal-Marts provide banking services and some fast food services. Wal-Mart has stock trades also. Another main component of Wal-Mart is business occupation. Business occupation is the acquired set of specialized skills and abilities that allows Wal-Mart to create valuable goods and services. When my husband started at Wal-Mart he had to undergo several trainings to ensure that he understands the business and also that he provides customers with excellent services. Wal-Mart provides thorough training to its employees so that they can keep the customers coming back. Customers always value great customer service. I think this is one way Wal-Mart remains ahead of its competitors. The last main component of Wal-Mart is business organization. Business organization is the system of task and authority relationship which coordinates and controls the interactions between people so that they work toward a common goal. Wal-Mart’s common goal is to provide low prices. They try to provide lower prices than their competitors. They are about saving their customers money. They have reduced the costs of their retail and other products in the store. There are many Wal-Marts around the world and they provide the same services in all of them. I love Wal-Mart and I agree that they have prices lower than many other retailers. I definitely agree with their slogan, it is so true. “Save money, Live better”.…

    • 319 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Walmart vs Target
    • 824 Words
    • 4 Pages

    Walmart vs Target

    Since 1962 and the beginning of the discount retailer market Wal-Mart has been ahead of the retail game. By 1967 there were 24 Wal-Marts that had grossed 12.6 million dollars. In just 7 years Wal-mart had spread into 9 states. By 1979 Wal-Mart was the fastest store to reach a billion dollars in sales. In 2005 Wal-Mart has 3,800 domestic stores along with 3,800 stores internationally, and had made over 312 billion dollars. As you can see the Wal-Mart empire has grown monumentally. To move into this segment of the market would be tough.…

    • 824 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Is Walmart good for America?
    • 689 Words
    • 3 Pages

    Is Walmart good for America?

    As the largest retailer in history, it’s no surprise that Walmart is the target of both vicious attacks and effusive praise. According to its own website, Wal-Mart Stores, Inc. operates more than 8,000 stores, employs more than 2.1 million people, and sells more than $400 billion worth of goods in every year. Though this bulk intimidates those who fear for the viability of “mom and pop” retailers, Walmart’s great strength is that it devotes its considerable power to American consumers. Its size enables it to provide services that other retailers cannot, and it has deservedly become an integral part of the modern American economy.…

    • 689 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Labor Relations and Wal-Mart
    • 684 Words
    • 3 Pages

    Labor Relations and Wal-Mart

    Although to some of us it may seem Wal-Mart is only a few years old, it is actually over forty years old. It was founded in 1962 by Oklahoma native, Sam Walton. He was known to be a very cheap man; he was always on a hunt for low prices, it was a natural lifestyle for him. He still visited his regular barber and spent no more than $5 for his haircuts, although he was ranked as America 's richest man during the 1980 's. He always found a way to save money, therefore saving his customers money and still make a profit through volume. His charisma and leadership skills helped him to keep his staff or "associates", as he called them, happy. Also, the fact that he lived his life modestly showed that he was on a crusade for the lowly consumer, as he was always looking for better deals from suppliers.…

    • 684 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    The Impact Of Wal-Mart On America
    • 402 Words
    • 2 Pages

    The Impact Of Wal-Mart On America

    Due to their large profit making Wal-Mart is indeed the most powerful business's out there, with this comes large power and impact on our economy. Wal-Mart is a corporation meaning many people own it; this is possible by stock shares. Because there…

    • 402 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    Walmarts Winning Marketing Strategy for Success
    • 805 Words
    • 4 Pages

    Walmarts Winning Marketing Strategy for Success

    Wal-Mart was founded by Sam Walton, the first Wal-Mart store opened in Rogers, Arkansas, in 1962. Seventeen years later, annual sales toped $1 billion. By the end of January 2002, Wal-Mart Stores, Inc. was the world's largest retailer with $218 billion in sales. Wal-Mart's winning strategy in the U.S. was based on selling branded products at low cost, which enables the lower class and middle class consumers to shop for products and save. Due to the advances in technology over the years Wal-Mart has been able to achieve tremendous success. Wal-Mart's success has allowed the company to expand out of the United States.…

    • 805 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Walmart's Website: Communication in the Virtual Workplace
    • 1050 Words
    • 5 Pages

    Walmart's Website: Communication in the Virtual Workplace

    Wal-Mart is number one in the Retail Giant Corporation across United States of America, and is the leading retail store in fifteen other countries. Wal-Mart continues to seek new and innovated ways to reach its customers on a daily basis. The store believes its success has been base upon its customers and being able to reach them with the new technologies of this Modern Age.…

    • 1050 Words
    • 5 Pages
    Good Essays
    Read More
  • Better Essays

    Swot Analysis on Walmart
    • 3134 Words
    • 13 Pages

    Swot Analysis on Walmart

    The strength of Wal-Mart is the popularity. The company is known worldwide. The company's strength is the brand name which is very strong. The mark strength is what returns the company, its products and services popular. In addition the company's strength is its ability to make strategic adjustments every time you need . The company ensures that whenever changes occur in the industry have plans alternative to it. The strength of the company is the supply chain system where the company has products in a locked place until needed in a certain branch. To end a force Wal-Mart is its Web site that is easy to use, attractive, and instructive. This Web site encourages customers to visit the store and use the company's products.…

    • 3134 Words
    • 13 Pages
    Better Essays
    Read More
  • Good Essays

    Wal-Mart Market Structure
    • 971 Words
    • 3 Pages

    Wal-Mart Market Structure

    In less than three decades of existence, Wal-Mart grew from a single small discount store in Rogers, Arkansas, to the largest retailer in the nation. This title was previously held by Sears Roebuck and Co., but during the early 1990's they were surpassed by Wal-Mart and Kmart. Sears has since regained the number two spot as the nation's leading retailers, but it appears that Wal-Mart may never be caught.…

    • 971 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Wal Mart 10 Percent Employee Discount
    • 1192 Words
    • 5 Pages

    Wal Mart 10 Percent Employee Discount

    Wal - Mart, the name can evoke different emotions in people, you love it or not. Reality is, the company has and continues to have a huge impact on the global retail market. The current business model dictates that every store and every employee reduce costs to maintain huge financial benefits. In spite of the alleged and proven ethical violations Wal-Mart continues to be driving force on the retail market.…

    • 1192 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Swot Analysis of Walmart
    • 2416 Words
    • 10 Pages

    Swot Analysis of Walmart

    The material used to analyze Wal-Mart strategy consists of the company 's annual reports, its Fact Sheets and other information found on the company Internet site. Other information is obtained from outside sources such as Fortune Magazine, and from outside groups who are critical of the corporation. The focus of this analysis will be placed on identifying the resources of the firm, its weaknesses and strengths in terms of its competitive environment. The sections examined will highlight the leadership style of Wal-Mart CEO H. Lee Scott, who inherited the corporate legacy of Wal-Mart founder Sam Walton. Other elements such as the culture, the corporate organization and values of the company come to play.…

    • 2416 Words
    • 10 Pages
    Powerful Essays
    Read More
  • Best Essays

    Human Resources Practices at Wal-Mart Analysis Human Resources Practices at Wal-Mart Analysis
    • 3097 Words
    • 13 Pages

    Human Resources Practices at Wal-Mart Analysis Human Resources Practices at Wal-Mart Analysis

    One of the reasons why Wal-Mart has been so successful and scale up its model across so many locations is the values and beliefs established by its founder and the customer centric culture that is replicated across locations. The company right from the time of its inception has a clear mission which is to save its…

    • 3097 Words
    • 13 Pages
    Best Essays
    Read More
  • Good Essays

    Walmart Case:
    • 5447 Words
    • 22 Pages

    Walmart Case:

    “Save money. Live better.” This is the promise that the world biggest retailer “Walmart gives to customers since they started business back in early 1940. Low price has always been Walmart strategy. Since their early days, they claimed “We Sell for Less” as their tagline. Later on, “Always Low Prices. Always” displayed alongside with Walmart logo. The biggest challenge for them is to keep the price down with good product quality. Why does Walmart important for American economy and beyond? According to the figures from Charles Fishman’s book The Walmart Effect, more than half of all Americans live within 5 miles of a Walmart. Every week, more than 100 million Americans shop at Walmart (1).…

    • 5447 Words
    • 22 Pages
    Good Essays
    Read More
  • Powerful Essays

    WalMart's Management Strategies
    • 1526 Words
    • 7 Pages

    WalMart's Management Strategies

    Today, Walmart has not deviated from their original strategy, selling inexpensive goods, as the largest retail store in the world and the third largest company over all. Walmart is currently in 15…

    • 1526 Words
    • 7 Pages
    Powerful Essays
    Read More