Wal Mart Business Review

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A Closer Look at Wal-Mart , the World 's Largest Corporation

Save people money so they can live better ' is Wal-Mart 's mission . It has made them the largest corporation in the World . Sam Walton , the founder of Wal-Mart had an idea to put customer satisfaction first identify and meet the needs of your consumers and make it affordable He wanted to offer the shopper a pleasant shopping experience and at the same time get the best deal for their dollar . He focused on high volume

sales rather than high profit margins . He encouraged his employees to be customer service oriented by giving them a sense of motivatation and fulfillment . He employed the best technology available to support vital operational decisions . His practices and ideals worked . Wal-Mart is the largest corporation in the world , and even in a slump economy it continues to outdo itself (Cramer

It all started in 1940 when Sam Walton owned a retail franchise in Arkansas and discovered the need Americans had for a discount store In 1967 , he opened the first Wal-Mart which offered ridiculously low prices . Many were skeptical about the survival of this type of business . Their doubt was disproved by 1972 Wal-Mart was 11 stores strong in Arkansas alone . Sam Walton decided to offer stock shares in the New York Stock Exchange to expand his company . It grew to 276 stores in 11 States . Since then , Wal-Mart also added Sam 's Club , a member warehouse store and Wal-Mart Supercenters...