Unit 4: Wal-Mart Innovation Deena Rothwell GM586: Transformational Leadership September 27‚ 2011 Professor George Sparks Wal-Mart began its climb to become the largest retail company in the world in 1940. Throughout the years Wal-Mart stores values and mission statement has remained the same‚ respect customers and peers‚ quality service to the customers‚ strive for excellence and build team players of its associates. Wal-Mart teams have common characteristics‚ they have technical
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function is also referred to as the function used to build a dynamic organization. (Bateman & Snell‚ 2009‚ pg. 20) When looking at the organization process Sam Walton the founder of Wal-Mart made sure from the very beginning to keep up with his competitors. In 1972 Kmart expanded and at that time there were 15 Wal-Mart stores and Sam Walton could not afford to expand by building so he offered Wal-Mart stock on the New York Stock Exchange. Due to the large profit that occurred because of the sales
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Is Wal-Mart really helping America? On May 9‚ 1950 Sam Walton opened Walton’s 5&10 store in Bentonville‚ Arkansas. His idea of making a profit was very different than many others. He made sale prices lower than his competitors‚ thus reducing the store’s profit margin. In the mid 60’s Walton’s changed the name of the 5 & 10 store as Wal-Mart permanently. By 1980 Wal-Mart was a billion dollar company with stores operating across 28 states. To this day‚ the company is still run by Sam Walton’s idea
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and everything I’m looking for which makes my shopping experience just that much more supreme. Let me share some of the businesses history with you and its timeline. The very first store to open was in Rogers‚ Arkansas in 1962 its founder was Sam Walton. In 1970 Wal-Mart opened its first distribution center and home office in Bentonville‚ Ark.1972 Wal-Mart was approved and listed on the New York Stock Exchange.1983 First SAM’S CLUB opened in April in Midwest
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Intro Wal-Mart has been one of the world most successful stories; the small store in Alaska has been extended to be the world largest retail organization. Behind this success; there have been certain organization behaviors that have shaped the Wal-Mart stores. In this essay‚ we try to explore those orgnizationuinal behavior factors that have created the Wal-Mart culture; keeping into considerations the values of ethics and modern business behavior‚ we try to explore Wal-Mart behaviors in the
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Company Information Sam Walton opened their first Walmart store since July 2‚ 1962. “People think we got big by putting big stores in small towns. Really‚ we got big by replacing inventory with information.” They opened their first store in Rogers‚ Arkansas. By 1967 they owned 24 stores and bringing in $12.7 million in sales. By 1970 Walmart went national. They also became a publicly trading company. In 1980’s the first Sam’s Club opened and the first Walmart Supercenter opened as well. It combines
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Wal-Mart is both socially as well as environmentally aware‚ conscious and pro-active in local communities‚ internationally as well as globally. Combine that with their numerous achievements such as the following: 2010’s Most Valuable Employers for Military by CivilianJobs.com & 2010’s Donor of the Year by Feeding America‚ for providing funds‚ vehicles‚ and more than 100 million pounds of food to the fact that “Planet Wal-Mart‚” is supported by millions of people all around the world. I feel that it’s
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Argument of Wal-Mart Wal-Mart Stores‚ Inc. is an international discount department store chain operating in many towns and cities in multiple countries. Wal-Mart’s founder‚ Samuel Walton‚ “decided that small-town populations would welcome‚ and make profitable‚ large discount shopping stores” (Healy 493).Therefore‚ he started to build the largest discount department stores and opened the first Wal-Mart discount store in Rogers‚ Arkansas in 1962 (Healy 493). Wal-Mart sells many different kinds of
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which was given in class) Many people believe that this is a true debate. Everyone has his or her own point of view. If you think about it‚ is Walmart really good for America? Walmart has made many changes since it was first opened in 1962‚ by Sam Walton. By the end of 2003‚ there were 2‚551 Walmart stores in the U.S. and this is all including supercenters‚ Sam’s Club’s and the famous neighboring markets.(Found in Walmart Nation packet‚ which was given out in class) After going over all the facts
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organization is a perfect example of how successful a focused and driven entrepreneur really can be. The company was started by one man with a dream and has overcome the changes in trends and times and the challenging economic conditions. In 1962‚ Sam Walton opened the first Wal-Mart store in Rogers‚ Arkansas. He understood what it was to be a businessman. Before opening his first Wal-Mart store‚ Sam traveled the country studying everything he could about discount retailing. This was a smart business
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