Wal-Mart Organization Industry Overview - 1554 Words

In todays society, Wal-Mart is known as one of the leading competitors of retailing. Wal-Mart was incorporated in 1962, with the goal of becoming the worlds biggest and best in the retail world. Over the years, this company has developed into a brand image and market pace to be one of the biggest known industries of all time. Wal-Mart is double the size of its closest competitor with the motto Save Money. Live Better. The owner, Sam Walton, said it best If we work together, well lower the cost of living for everyone†¦well give the world an opportunity to see what its like to save and have a better life (Walmart.com, 2009). Industry Overview HistoryThe 1970s produced a huge growth for Wal-Mart and the distribution center and†¦show more content†¦Only one of its many opposition groups, The Organic Consumers Association, has published another report titled Wal-Mart: Reaping Profits from the WTO and NAFTA blatantly accuses Wal-Mart of using these important trade contracts to benefit themselves while destroying elements of economies in developing countries such as China and Mexico and undermining workers rights in those countries, where unions are non-existent or even illegal (Juhasz, 2005). One thing is for certain-while very few government policies have drastically affected Wal-Mart to date, the changing tastes and demands of American consumers and the pressure they can put on their politicians may soon have Wal-Mart back-stepping if they are not careful to change their public image. Economic OpportunityWal-Marts overall impact on the retail industry and beyond has changed the way business is conducted globally, and increased consumer benefits - regardless of where they shop. From raising tax revenues and lowering overall pricing on goods, to boosting customer traffic at surrounding stores and creating new jobs, Wal-Mart takes every opportunity to be a good neighbor and to provide economic advancements in communities it serves throughout the world (News by Topic, 2009). International OperationsWal-MartInternational stores, just like those in the U.S., provide excellent customer service andShow MoreRelatedWal Marts Success Story: Business Model and Organizational Strategy1013 Words   |  4 PagesIntroduction In this text, I choose to concern myself with Wal-Mart - a fortune 500 company. In so doing, I will amongst other things discuss the stores business model as well as organizational strategy. Further, I will also highlight not only the products the company offers for sale but also its industry and market position. Wal-Mart: An Overview Wal-Mart according to Yahoo Finance (2012) operates retail stores in various formats worldwide. Currently, the company is not only the worldsRead MoreHistory And Background Of Wal Mart Essay954 Words   |  4 PagesOverview This research paper will present the history and background of Wal-Mart. The review will describe and evaluate the resources that will provide additional understanding of the corporate operations and its management strategies. A SWOT analysis will be provided which will identify specific areas that can impact the outcome of the organization’s success and potential hazards. Upon conclusion, recommendations will be presented that will help Wal-Mart continue its competitive advantage. 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