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For 19 years, Wal-MartпіÐs mission has always been known as піЅAlways Low
Prices. Always.піЅ On Septemer 12, 2007, Wal-Mart introduced their companyпіЅs new mission statement: піЅWe can save people money so they can live better.піЅ The change of their mission statement was based on a recent study that has shown that Wal-Mart saves the average family $2,500 a year. Their corporate mission is: піЅWal-Mart continues to grow into new areas and new mediums, our success will always be attributed to our culture. Whether you walk into a Wal-Mart store in your hometown or one across the country while youre on vacation, you can always be assured youre getting low prices and that genuine customer service youve come to expect from us. Youll feel at home in any department of any store…thats our culture.піЅ (піЅWal-Mart Stores, Inc. Company ProfileпіЅ).
Sam Walton has developed 3 beliefs from the birth of Wal-Mart. Those beliefs are: Respect for the Individual, Service to Our Customers, and to Strive for Excellence. Respecting the Individual is a call for піЅtreating their employees well and pushing them to excel in what they do.піЅ The commitment to their customers is a піЅgoal whereby the stores respect a pricing philosophy to always sell items as low as they can while providing excellent customer service.піЅ The third belief is to strive for excellence, which is піЅto expand the store, innovate, and reach further in to new markets and to growпіЅ (Vance, Sandra S. and Roy V. Scott).
WaltonпіЅs Top 10 Secrets to Wal-Marts Success:
1. Commit to your business and believe in it more than anyone else
2. Share your profits with