continues to make corporate social responsibility a priority in its business across the globe. The teams review begins with the history of Wal-Mart‚ which can be traced back to the 1940s when Sam Walton began his career in retailing. In May of 1950‚ Walton purchased a store in Bentonville‚ Arkansas and opened Walton ’s 5 & 10 (Tribble‚ 1990). The company steadily grew throughout the 60’s and 70’s through a combination of underselling the competition at the expense of a smaller profit and by acquiring
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Lou Pritchett ： Negotiating the P&G Relations hip with Wal-Mart 指導教授：鍾從定老師 5/12/15 M10322307 M10322310 M10322311 M10324054 M10324055 游涵捷 Joan 廖東睿 Allen 張芳雅 Fang ya Aulia Annisa Izzati 1 Leni Nur Pratiwi Pritchett’s Background • Born in 1931. • Joined P&G in 1953. • President of the company in the Philippine s Responsible for the United States and North Am erica ‚ Europe‚ Asia‚ South America ‚ Australia ‚ I ndia‚ and the Middle East . • The was global experience with customers and suppliers
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largest chain discount stores in the world. Sam Walton‚ the successful business man from Arkansas began his retail store in 1940‚ worked at J.C. Penney and later on started a small retail chain store called “Ben Franklin”. It wasn’t till 1962; Mr. Walton opened the first Walmart store. In the beginning‚ Walton had his strategy set to low income families and offered a considerably lower cost than his competitors‚ the low price strategy allowed Walton to steer forward with his real goal to become
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Wal-Mart Stores History 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
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Inc. (or Walmart as written in its new logo) is an American public corporation that runs a chain of large‚ discount department stores. It is the world’s largest public corporation by revenue‚ according to the 2008 Fortune Global 500.[5] Founded by Sam Walton in 1962‚ it was incorporated on October 31‚ 1969‚ and listed on the New York Stock Exchange in 1972. It is the largest private employer in the world and the fourth largest utility or commercial employer‚ trailing the British National Health Service
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interesting and goes all the way back to the 1960’s. Walmart was started by a man named Sam Walton and his brother. Mr. Walton had a degree in economics and used this degree to secure a management trainee position at JC Penny’s. With his degree and experience he gained working at JC Penny’s he‚ along with his brother‚ opened a Ben Franklin store. By the late 50’s they owned 9 Ben Franklin franchises. Mr. Walton and his brother had a vision to bring large retail stores with low‚ low prices to small
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Management Paper on Walmart Wal-Mart Stores: Managing Diverse Organizations By Angela L. Farrish Webster University Ms. Amy Thenor December 2011 Wal-Mart In 1970‚ Sam Walton the founder of Wal-Mart implemented an extremely significant warehouse distribution system. This new system evolved into Wal-Mart Stores Inc. and in that same year the company was publicly traded on the New York Stock Exchange. The company began to expand extremely rapidly
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Walmart: Every Day Low Prices In 1962 the company’s founder‚ Sam Walton‚ opened the first Walmart department store. Since then Walmart has grown exponentially and has established itself not only as one of America’s largest corporation‚ but also as one of the largest public corporations in the world. Walmart’s business model and cookie-cutter store model has allowed the company to gain a tight grip around the average American consumer. Walmart has grown successful in many other countries around
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people money so they can live better"‚ and logo/symbol/slogan all coincide in order to connotate better living & associate this‚ with Walmart themselves - Name: Walmart‚ previously known as ‘Walton’s Five and Dime store’ - 1945-1962 – Sam Walton‚ a former department store employee‚ purchased a branch of the Ben Franklin stores – aiming to sell products at lower prices for a higher sales volume‚ despite a lower profit margin - 1962 - expanded to 24 stores across Arkansas (US)‚ reaching
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Case study of Walmart stores‚ inc. 1. Introduction Walmart was found in 1962 by Sam Walton‚ is an American public corporation that operates a chain of large discount stores and warehouse stores in various formats around the world. Listed on the New York stock exchange in 1972 (NYSE Euronest‚ Listing Directory‚ 2012). Walmart is the leading grocery chain in international which focus on sales in everyday low pricing format (Jones‚ 2004) Nowadays Walmart is the world ’s largest corporation
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