Walmart systems
WAL-MART
In 1962, a middle-aged entrepreneur, Sam Walton had a goal, which was to give great value and great customer service. His strategy to do so was to have “The Lowest Prices Anytime, Anywhere”. And that’s what he did. By 1967, the Walton family owned 27 stores in the U.S with up to 12.7 million dollars in sales. ("Our story," 2012) Today, Wal-Mart’s prices are 15% lower compared to prices in other stores. The system’s motto always was, and still is, to keep prices low. (Dicker, 2005)
Wal-Mart buys cheap items and sells it at an even cheaper price to customers. It brings the lowest prices to its own shopper and forces other competitors to challenge their low prices. Most of the other competing groceries, department store or convenience stores are unable to fight Wal-Mart’s unbeatable prices. (Dicker, 2005)
Wal-Mart is the largest retail company in the world, beating Home Depot, Sears and Costco. This system is the largest retailer in the world, hawking more DVDs, magazines, books CDs, dog food, diapers, bicycles, toys and toothpaste than any other company. It is the largest grocer in the world. (Dicker, 2005)
Based in the United States, the company has expanded into 3 segments: Wal-Mart U.S, Wal-Mart International and the Sam’s Club segment. This large entity serves about 200 million customers a week. ("Our story", 2012) Wal-Mart is also the world’s richest company with $444 billion in annual sales, operating in 27 countries, under 69 banners. With over 2.2 million employees, making this system the largest private employer, there is no doubt that Wal-Mart is one of most powerful corporations in the business world. ("Our story," 2012)
INPUTS:
To look into a system’s functioning could a very precarious and daunting assignment. When studying a particular system and determining its every part, the understanding of the organization plays a big role. For a system as big as Wal-Mart, it is primordial to understand its inputs in order to envision the rest
In 1962, a middle-aged entrepreneur, Sam Walton had a goal, which was to give great value and great customer service. His strategy to do so was to have “The Lowest Prices Anytime, Anywhere”. And that’s what he did. By 1967, the Walton family owned 27 stores in the U.S with up to 12.7 million dollars in sales. ("Our story," 2012) Today, Wal-Mart’s prices are 15% lower compared to prices in other stores. The system’s motto always was, and still is, to keep prices low. (Dicker, 2005)
Wal-Mart buys cheap items and sells it at an even cheaper price to customers. It brings the lowest prices to its own shopper and forces other competitors to challenge their low prices. Most of the other competing groceries, department store or convenience stores are unable to fight Wal-Mart’s unbeatable prices. (Dicker, 2005)
Wal-Mart is the largest retail company in the world, beating Home Depot, Sears and Costco. This system is the largest retailer in the world, hawking more DVDs, magazines, books CDs, dog food, diapers, bicycles, toys and toothpaste than any other company. It is the largest grocer in the world. (Dicker, 2005)
Based in the United States, the company has expanded into 3 segments: Wal-Mart U.S, Wal-Mart International and the Sam’s Club segment. This large entity serves about 200 million customers a week. ("Our story", 2012) Wal-Mart is also the world’s richest company with $444 billion in annual sales, operating in 27 countries, under 69 banners. With over 2.2 million employees, making this system the largest private employer, there is no doubt that Wal-Mart is one of most powerful corporations in the business world. ("Our story," 2012)
INPUTS:
To look into a system’s functioning could a very precarious and daunting assignment. When studying a particular system and determining its every part, the understanding of the organization plays a big role. For a system as big as Wal-Mart, it is primordial to understand its inputs in order to envision the rest
Bibliography: Bernard, Diana, Florence, Yolanda