Preview

Walmart Total Quality Management

Good Essays
Open Document
Open Document
607 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Walmart Total Quality Management
Total Quality Management
Featuring Wal­Mart

Matthew Piga
MGT332

Total Quality Management
• Total Quality
Management is defined as a goal that is set by management for long term success in customer satisfaction.

Wal-Mart Founded
• Wal-Mart, a multinational retail corporation, was founded by a man named Sam Walton in
1962.
• This corporation is considered the largest discounted retailer in the entire world.
• The very first Wal-Mart store opened in
Rogers, Arkansas on July 2, 1962.

Expanding Corporation
• Within only five years of opening the first Wal-Mart, the company was already operating over two dozen stores, as well as bringing in over twelve million dollars just in sales.
• In mid 1970s, Wal-Mart was expanding quickly and had already opened fifty-one stores along with bring in over seventy-eight million dollars in sales.

Changes to Succeed
• In 1983, Walton introduced the grand opening of Sam’s
Club which is similar to
Wal-Mart, except they sell food and perishable and items in bulk to attract those who shop in large quantities. • In 1988, the first
Wal-Mart
Superstore opened in Washington,
Montana. Wal-Mart
Superstore offered additional products and services, such as groceries and an auto center.

Growth, Expansion, &
Convenience
• Wal-Mart expanded outside of the United
States by opening stores in Canada in
1994.
• Wal-Mart expanded outside of North
America in 1996 and 1999 by opening stores in China and the United Kingdom.
• In 2000, Wal-Mart founded their online website (www.walmart.com) where customers could order and have items delivered to their home or to their local store. Problems & Issues
• One of Wal-Mart’s main issues was customer convenience and being able to satisfy their customers.
• Customers of Wal-Mart would have to stand in long lines due to a certain amount of registers being open at a time. Solutions to Customer Convenience
• Wal-Mart created their online website to make purchasing more convenient and much easier.
• When

You May Also Find These Documents Helpful

  • Better Essays

    Wal-Mart was established in 1962 by Sam Walton, a 1940 University of Missouri economics major. The first store was opened in Rogers, Arkansas offering a variety of merchandise for consumers. Mr. Walton’s strategy of opening locations in small towns and offering consumers a wide variety of products at low costs was compelling and successful. The company became incorporated on October 31, 1969 and went public in 1970. By 1991, the company had become international and a multibillion dollar business. (Walmart Corporate, 2010).…

    • 1737 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Walmart

    • 6499 Words
    • 26 Pages

    The first Wal-Mart store was opened in Rogers Arkansas in the Year 1962. From Wal-Mart’s company website a common misconception people have in regards to discount retailing is put to rest. That being this was the year it all started, When Kmart, Target, and Wal-Mart first opened. In actuality however, the chain of variety stores Sam Walton owned during the 1950’s faced stiff competition for many regional discount stores. In 1972, Wal-Mart stock was offered for the first time on the New York Stock Exchange. With this infusion of capital, the company grew to 276 stores in 11 states by the end of the decade. Also from the company’s official website, it is important to note that in 1983 the first Sam’s Club members-warehouse store opened. The first Supercenter opened in 1988, featuring a complete grocery, and 36 departments of general merchandise. By 1989, there were 1,402 Wal-Mart stores and 123 Sam’s Club locations. Employment had increased tenfold. Sales had grown from $1 billion in 1980, to $26 billion. Wal-Mart’s company website states that Today, 7,262 stores and club locations in 14 markets employ more than 1.9 million associates,…

    • 6499 Words
    • 26 Pages
    Powerful Essays
  • Better Essays

    The first Walmart store was established in Rogers, Arkansas, in 1962 by founder Sam Walton (Walmart Corporation, 2014). Walton moved his family to the area of Bentonville, Arkansas to take advantage of small town living and opened his Five and Dime store in the town square. With the success of that store he decided to open the first Walmart to offer lower prices and greater services to his valued customers (Walmart Corporation, 2014). By 1970, the company had gone public where Walton used the proceeds to expand the business.…

    • 1193 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Wal-Mart Research Paper

    • 700 Words
    • 3 Pages

    The first Wal-Mart store was opened on July 2nd 1962 in Rogers, Arkansas by Sam Walton, who believed that the future of retailing lay in discounting. To avoid competing head on with companies like Sears and Woolworths which dominated big cities, Walton opened stores in less populated areas that was ignored by other retailers. The stores aimed to serve customers who, up until then, had to travel long distances to save money, and to purchase daily household goods. Now they could buy the same goods cheaply at home. This positioning proved to be critical to Wal-Mart’s success in the years to come as it expanded underneath its competitors radar screens to earn substantial market size. (Farhoomand, 2005)…

    • 700 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Walmart History

    • 1136 Words
    • 5 Pages

    Sam Walton founded Walmart in 1962. He was a businessman who started working in retail in 1940 at a J.C. Penney store in Des Moines, Iowa. In 1945, he ran a retail store in Newport, Arkansas, part of a chain of variety stores named Ben Franklin. Instead of renewing his lease, however, he decided to open a new Ben Franklin franchise in Bentonville, Arkansas and called it “Walton’s Five and Dime.” He succeeded by selling at a discount. Walmart’s purpose best exemplifies what the company still stands for today:…

    • 1136 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Walmart Ethical Issue

    • 356 Words
    • 2 Pages

    Wal-Mart was founded by Sam Walton. The first store was opened in year 1962 in Rogers, Ark. It is the place where people can shop variety of products for low prices and is leader in discount retailing. Wal-Mart is one of the biggest retailers in USA and has hundreds of stores worldwide. Being the lowest retail outlet Wal-Mart is always criticized by many groups. Community groups, Labour unions, religious organization and environmental groups had protested against Wal-Mart for their business practices and company policies. Wal-Mart is also criticized for foreign product sourcing, environmental practices and security policies.…

    • 356 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Walmart Political Risks

    • 1046 Words
    • 5 Pages

    Wal-Mart has a great history of leadership, innovation and success. The founder, Mr. Sam Walton had a vision and traveled the country studying discount retailing because he had a vision of selling quality products at a lower price. He opened his own store, Wal-Mart, in Rogers, Arkansas in 1962. Today, Wal-Mart is the largest retail chain in the world with over 9,000 stores, servicing over 176 million customers, and over two million employees in 15 countries; Mexico, Puerto Rico, Canada, Argentina, Brazil, China, the United Kingdom, Chile, Japan, Costa Rica, El Salvador, Guatemala, Honduras, India, and Nicaragua. Wal-Mart has also expanded with gas stations as well as the Sam’s Club, which opened in 1983.…

    • 1046 Words
    • 5 Pages
    Better Essays
  • Best Essays

    Starting out with a single store in Bentonville, Arkansas, Wal-Mart has not stopped expanding. The First Wal-Mart store was opened in 1962 by a Mr. Sam Walton. He opened the store with one intention: sell products people need at the lowest price available. Wal-Mart has since blown up into a globally known and used corporation. Currently, more than fifty percent of all Americans live within five miles of a Wal-Mart store, which is less than a ten mile drive away. Ninety percent of Americans live within fifteen miles of a Wal-Mart. (Fishman, 2006). Wal-Mart is bordering on 9000 locations worldwide including operations in Mexico, United Kingdom, Japan, and India.…

    • 3172 Words
    • 13 Pages
    Best Essays
  • Good Essays

    Wal-Mart Market Structure

    • 971 Words
    • 3 Pages

    When Wal-Mart Stores Inc. opened its doors to their first discount store in 1962, Sam Walton had no idea his business would take off like it has to this day. The reason for Wal-Mart's success has been their ability to create a basic structure for their very own business ecosystem. Wal-Mart came to the conclusion that if they offered a variety of well-known brands and sold them about 15% cheaper than other retailers, then this would make them a powerful force in the retail business.…

    • 971 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The first store Walmart opened was in July 2,1962 in Rogers, Arkansas (Farhoomand, 2006). The founder was Sam Walton, a man that believed the future of retailing lied on discounting (Farhoomand, 2006). Sam Walton’s initial interest and business strategy was to focus on areas that were ignored by large competitors such as Woolworth, Sears and JC Penney (Farhoomand, 2006). Walton’s idea was to deliver a product directly to the people in their neighborhood. The stores were established with the intention to cut the travel distances that will save money to the customers. This concept enabled customers to buy the same goods at lower prices (Farhoomand, 2006). This strategy proved to be successful and very effective, helping the company to become the World’s leading in the retail business. Walmart has grown…

    • 3251 Words
    • 14 Pages
    Powerful Essays
  • Powerful Essays

    We would like to thank to our Prof. Miss Komal Kamra for giving us valuable guidance and advice. She inspired us greatly to work in this project. Her willingness to motivate us contributed tremendously to our project. This project would not have been possible without the support or without help of Komal Mam we would face many difficulties while doing this.…

    • 1709 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    In this packet, if you find anything missing from the above mentioned material, please contact at the address given below:…

    • 1891 Words
    • 8 Pages
    Satisfactory Essays
  • Satisfactory Essays

    total quality managment

    • 288 Words
    • 2 Pages

    Chapter 5 The Voice of the Customer Customer Driven Quality What is the voice of the customer? Customer –Relationship management The “Gaps” approach to Service Design Segmenting customers and markets Strategic supply chain alliances between customers and suppliers Communicating with customers Actively solicited customer feedback Passively solicited customer-feedback approaches CRM Systems Customer Driven Quality…

    • 288 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Total Quality Management

    • 5691 Words
    • 23 Pages

    External Developments …. ….. reshaping our lives …… restructuring organisations ……..redefining requirement parameters Change is a constant ……… ………………getting more complex ………………..becoming faster ….accelerating …………………uncertainty ….. diversity … variability…

    • 5691 Words
    • 23 Pages
    Good Essays
  • Satisfactory Essays

    Total Quality Management

    • 591 Words
    • 3 Pages

    The national quality policy focuses on the quality of product, quality of service delivery (to the internal and external customer), quality of organisation (systems and processes) and quality of work-life (QWL). The purpose of this SLP is to provide students a complete body of knowledge of TQM as a holistic approach to managing quality. Students will acquire fundamental theoretical and practical knowledge in various concepts of TQM necessary to improve quality in any organisation.…

    • 591 Words
    • 3 Pages
    Satisfactory Essays

Related Topics