The World Of MeEssay Preview: The World Of MeReport this essayCustom and Original Pre-written Papers Available!home essays upload resources custom papers message board procrastination storeTuesday, November 14, 2006 help/faq memberlist top essays auto-citation contact search register log inProfessionally written papers on this topic:A Strategic Analysis of a Wal Mart Case StudyThis 4 page paper examines a case study submitted by a student. Much of the information included comes from the case, but general knowledge about Wal Mar
Retailing Industry Analysis: Focus on Wal-Mart15 pages. This paper concentrates on the current and future indications of the retail industry using Wal-Mart as the main focus. Contains information reg…
Wal-Mart A Case StudyThis 7 page paper examines Wal-Mart using a SWOT Analysis, a PESTEL Analysis and Porter Five Forces Model. The bibliography cites 4 sources. …Wal-Mart; A Case StudyThis 5 page paper looks at Wal-Mart, briefly considering its background and then looking at the performance of the company in terms of a SWOT analysis as w…
Wal-Mart / Case Study In Discount RetailingA 6 page case study on the company that has blown away virtually all discount retail competitors : Wal-Mart. The writer discusses Wal-Marts diversity, pri…
View more…eCheat.com Essay Index >> Business >> Company Profiles >> Extensive Case Analysis on Wal-MartExtensive Case Analysis on Wal-MartUploaded by props on Jan 30, 2006Case Analysis on Wal-Mart using the IE Matrix, SWOT Analysis and moreOverviewWhen Sam Walton founded the first Wal-Mart in 1962, the idea of bringing in a discount-shopping store into rural America was almost unheard of, except for the local five and dime stores. When Walton noticed that he had a lot of competition from regional discount chains, him and his wife Helen traveled the country to study other new retailing concepts, and were convinced that it was the wave of the future. With Waltons vision, Wal-Mart grew to be a multi-billion dollar, international company, operating about 4,600 stores around the world.
Welfare-Treatment for the Poor. The “Tax on the Poor” Bill of Rights. Copyright 2006 by Chris Cervone.
[Image via Shutterstock]
Welfare-Treatment for the Poor. The “Tax on the Poor” Bill of Rights. Copyright 2006 by Chris Cervone.
[Image via Shutterstock]
Wal-Mart competes in many industries that include: 5331- Retail-Variety stores, 5411-Grocery stores, 5311-Department stores, 5812-Eating Places, 5399-Miscellaneous General Merchandise store, and 5912-Drug stores and Proprietary stores. Since there are several industries to choose from, our group chose to go with retail-variety stores, SIC code 5331. These establishments are primarily engaged in the retail sale of a variety of merchandise in the low and popular price ranges. Sales are made on a cash and carry basis, with the open-selling method of display and customer selection of merchandise.
Wal-Marts milestones began in 1962 when the first Wal-Mart was opened in Rogers, Arkansas. Seven years later the company incorporated as Wal-Mart Stores, Inc. Then a year later they opened the first distribution center and home office in Bentonville, Arkansas, and also went public on the New York Stock Exchange. Several years later, in 1988, the first super center was opened. Then in 1991, the first international unit was opened in Mexico City.
By the turn of the century, Discount Store News had named Wal-Mart “Retailer of the Century” and made Fortune magazines lists of the “Most Admired Companies in America” and the “100 Best Companies to Work For.” They were also ranked on Financial Times “Most Respected in the World” list. In 2002, Wal-Mart became number one on the Fortune 500 list and was presented with the Ron Brown Award for Corporate Leadership, a presidential award that recognizes companies for outstanding achievement in employee and community relations.
Mission StatementWal-Mart Stores, Inc. does not have a formal mission statement. This is because Kim Ellis, the Public Relations Coordinator, said that they believe the customers are more interested in other aspects of the business, and they, the company, are focused on meeting their basic consumer needs.
Since Wal-Mart does not have a mission statement our group has created a mission statement that they might use. It discusses all nine components of a mission statement. This is the mission statement we have established:
Our first responsibility is to provide all consumers the best products and services with guaranteed satisfaction under one roof. Wal-Mart provides a wide array of products like toys, electronics, groceries, jewelry, ladies, men, and childrens apparel, and hard goods at reasonable prices. We will continue to offer scholarships to deserving high school graduates in hopes of providing students with a well-deserved education. Consumers have been conveniently provided with on-line shopping, but also with the concept of “one-stop shopping.” The Wal-Mart team is devoted to everything that Wal-Mart has accomplished as a universal competitor. We are dedicated to recruiting, rewarding, and retaining employees of good moral standing by providing benefits for excellent performance, providing clean environments to work in, and by providing equal opportunity for all individuals. We will continue to offer the highest quality products at the lowest price to strive to be the best in the retail industry.
Components of Mission StatementIn the mission statement we target our customers by saying: “Our first responsibility is to provide all consumers the best products and services.” Their customers are their number one priority. Customers keep Wal-Mart in business, so of course they would want to offer them their best