case study on wal-mart

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Date Wal-Mart 's Interpersonal and Group Dynamics

Wal-Mart - The Leader

The US-retailer Wal-Mart constantly stays on top of the Fortune 500 companies and it made revenue of 191 billion last year . Wal-Mart made revenue of 219 billion in 2001-2002 being first in the Fortune 500 list . Wal-Mart is one of the greatest retailer companies in the world and is much ahead of its competitors like K-Mart , Sears Roebuck Nordstrom and JC Penney combined . The net

income of Wal-Mart in 2002 was 6 .7 billion showing a growth of 6 . The employees was 1 ,283 ,000 in 2002 . Wal-Mart is the most famous and largest retail store in United States and its retail chain is larger and stronger than the retail chains of any other company in the world . At present Wal-Mart manages over 4 ,150 retail facilities all over the world . Wal-Mart is the leading retail store in many countries like United Kingdom , Mexico and Canada . It can be considered as the most powerful and richest corporation of the world as it is always ranked top in the corporation as per the estimates of Fortune 500 . Wal-Mart makes online selling through the website walmart .com

Clever strategies and excellent management keeps Wal-Mart from getting swayed from the rush of other companies . The founder of Wal-Mart Sam Walton gave great emphasis to cost reduction , sales improvement well-organized distribution and logistics management and the usage of modern Informative Technology tools . The most efficient supply chain management practices of Wal-Mart help it retain the leadership status

The company offers general merchandise products like products of household needs , family apparel , toys , electronic products , crafts jewelry , fabrics , shoes and various other products . Wal-Mart also has a Photo processing Center and a pharmacy department . Legacy of Wal-Mart also includes Tire Lube Express . The company has opened about 3 ,500 discount stores , super centers and Sam 's Clubs throughout United States in 2002 . They also set up more than 1 ,170 across the world in all the major countries

Rank Company Revenues (in millions

1 Wal-Mart Stores 219 ,812 .0

2 Exxon Mobil 191 ,581 .0

3 General Motors 177 ,260 .0

4 Ford Motor 162 ,412 .0

5 Enron 138 ,718 .0 Table 1 : 2002 Fortune 500 List

Wal-Mart : A background note

The founder of Wal-Mart Walton was born in 1918 at Oklahoma , US . He first worked for J C Penney and later left to start his own retail store in 1940 . He purchased a store at Newport and there he started his wonderful retail marketing strategies like offering discounts to the product price for making the products more attractive and increasing the selling rate . The store acquired great profits and Walton opened several new stores in various towns . Walton introduced various innovative and clever strategies like self-service and also managed to attract numerous experienced and talented staff from other stores . By the year1969 Wal-Mart made had annual sales of 44 million and...