Wal-Mart Pro and Cons - 1379 Words

Wal-Mart Stores, 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 worlds 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, and the Indian Railways. Wal-Mart is the largest grocery retailer in the United States, with an estimated 20% of the retail grocery and consumables business. It also owns and operates the North American company, Sams Club.†¦show more content†¦The truth is the Wal-Mart save customer’s time because people can buy their needs in one store and they do not need to move from store to store to buy their needs. Wal-Marts goal was to be a good steward for the environment and ultimately use only renewable energy sources and produce zero waste. Despite much criticism of its environmental record, Wal-Mart took a few steps in what is viewed as a positive direction, which included becoming the biggest seller of organic milk and the biggest buyer of organic cotton in the world, as well as reducing packaging and energy costs. Wal-Mart also spent nearly a year working with outside consultants to discover the companys total environmental impact and find where they could improve Wal-mart also does a lot to help the communities it builds in by supplying jobs, paying taxes, that can be used to develop small towns, and donating to charity. Wal-mart also contributes to communities by funding education awards and scholarships, child-oriented programs, and environmental causes. Others Benefit †¢ Several reasons that Wal-Mart wants to expand its business are wanting the distribution of merchandise and spreading its customer base to increase their profit. †¢ Wal-Mart will provide a new and substantial source of tax revenue for the local community †¢ Wal-Mart will provide a significant number of jobs for the residents in the area †¢ Wal-MartShow MoreRelatedEssay on The Pros and Cons of Wal-Mart1656 Words   |  7 Pagesknows, much like the post office or even city hall. Wal-Mart. That is where the oddity lies, in the fact that a retail store is just as well known as staples for towns across the nation; not to mention the fact that Wal-Mart isn’t just in the United States, but around the world. Founder of the billion dollar industry, Sam Walton, did expect success from his endeavor, but no one could have foreseen just how influential the retail store would be. Wal-Mart is an astonishingly successful business with humbleRead MoreStrategic Design Lens: Walmart Essay example831 Words   |  4 PagesLens Restoring Wal-Mart Wal-Mart’s Strategies Strategic Design Lens sees the organization designed as social system to achieve their strategic goals. To begin the Strategic Design analysis we should first identify the strategic direction was being implemented by Wal-Mart. By the time to revolute the 45-years-old business model, a three-year strategic plan was raised by Eduardo Castro-Wright, president of Wal-Mart. This strategic planRead MoreWal Mart s Mission Statement982 Words   |  4 PagesWal-Mart’s mission Statement: â€Å"We save people money so they can live better† Proposed New mission Statement: We save people money by delivering value and quality, continuous innovation and exceptional guest experiences both in store and on line so they can live better. Wal-Mart’s position from the competitive forces model competition among rivals is fairly weak. 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Suppose Wal-Mart has announced plans to seek the approval from the planning commission of a small town to build a new store. Develop a list of the main arguments, pro and con, that could be present at a public hearing on the matter by members of each