Nobody downloaded yet

Walmart Business Success - Essay Example

Comments (0) Cite this document
Summary
This essay talks about the rise of Walmart in American business arena. It is the largest private company in the US and employs over 2 million people. Since its inception in 1962, the company has risen through the economic and social thickets to become the largest retail store in the world…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.1% of users find it useful
Walmart Business Success
Read TextPreview

Extract of sample "Walmart Business Success"

Download file to see previous pages The essay "Walmart Business Success" talks about the rise of Walmart in American business arena. It is the largest private company in the US and employs over 2 million people. Since its inception in 1962, the company has risen through the economic and social thickets to become the largest retail store in the world. The rise of Walmart during the post war economic climate can be attributed to the aspect of technology and innovations in the business sector. Logically, technological logistics played a substantial role in bolstering and streamlining the business activities practiced by Walmart stores. However, the integration of capitalism and some social values like ethics and religion contributed immensely to the rise of the retail store. Walmart’s management appreciated the aspects of the free enterprise, Christianity and family values in the company’s business activities. These aspects of capitalism and social responsibility could be seen in their production, supply and the employment relationship to the larger southern population of the American community. Degradation of American capitalism during the World War 2 affected the south. The post-war economic climate created resource imbalance within the state whereby the north dominated productivity while the majority of the south got disadvantaged. Walmart undertook to rejuvenate capitalism and address economic injustices experienced by the rural population. The store’s management implemented the values of Christianity, family values, and the free market. and free market in their business relationships with the society (Moreton 87). Free enterprise refers to an economic state where the forces of supply and demand influence business activities. According to Moreton, the consumer population follows the availability of the desired products in the market. In addition, the demand forces and the necessity level of those products in their lives influence their consumer behavior. In the context of Walmart, the stores embraced the need of employing free market policies in their production lines protected by the capitalistic state of US economy. Though capitalism was part the US economic pillars, the consequences of World War 2 affected its operation. Based on this, Walmart moved to meet the demands of the society' members residing in the rural areas including other members concerned with the issue of free enterprise. As a result, the forces of demand guided the production and supply lines of the store. Walmart strived to avail exactly what the consumers required at economically friendly prices. Walmart allocated some resources to marketing research exercises meant to provide the actual picture of the consumer demands in each market segment. Upon identification of their needs, the stores responded by availing the goods to the population. In addition to the practices of free enterprise, Walmart left the forces of supply and demand to guide their pricing activities. Consequently, the capitalistic aligned members of the society embraced the free enterprise practices of the company (Moreton 45). The rural population liked the free market activities of the company; hence the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Walmart Business Success Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Walmart Business Success Essay Example | Topics and Well Written Essays - 1500 words. Retrieved from https://studentshare.org/business/1447523-writer-s-topic
(Walmart Business Success Essay Example | Topics and Well Written Essays - 1500 Words)
Walmart Business Success Essay Example | Topics and Well Written Essays - 1500 Words. https://studentshare.org/business/1447523-writer-s-topic.
“Walmart Business Success Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/business/1447523-writer-s-topic.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Walmart Business Success

International Business Management: Walmart

...category of business is the international business; this involves the transactions being done across the borders. Cooperates that operate across the borders are referred to as the multinationals. They are mostly developed from one country or region and with time, they extend to other regions. There are those companies that operate across the borders. They are known as multinational companies. They are therefore, said to have worldwide approach to the world’s finest markets and products. In this paper, three of these kinds of companies will be discussed: these are Walmart and Tesco retail stores and the German retailer ALDI. Although these companies are all multinationals, they differ in...
12 Pages(3000 words)Essay

Walmart

...? Management at Walmart December 14, Table of Contents: 3 Introduction 4 Role of innovation in sustaining business success and growth 4-5 Role of employee empowerment in fostering a positive workplace environment 5-6 Importance of analyzing effects of management practices on the workforce 6-7 Role of open communication to improve organizational commitment 7 Importance of training employees and developing their talents 8 Importance of sharing growth plans and management strategies 8-9 Comparison with other large retail stores- Why Walmart is better? 9-10 Conclusion 11 Works cited 12-13 Abstract This research paper aims at reviewing the literature to contemplate the...
10 Pages(2500 words)Research Paper

Walmart

...Hard Rock Café Table of Contents 10 Decisions of Operations Management for Hard Rock Café 3 The Productivity of the Kitchen Staff and Wait Staff at Hard Rock Café 5 References 6 10 Decisions of Operations Management for Hard Rock Café Hard Rock Café is a globally renowned brand. It has been successful due to its efficient and effective management strategies (Hard Rock Cafe International Inc, 2011). They have been efficient enough in menu engineering through which they have developed varieties of products. Though the products differ in other parts of the world, the level of service is same all over the world. There are different levels of training program that assists the management to serve best quality service. For this purpose... ...
2 Pages(500 words)Essay

Walmart

... has done many things to ensure that its employees feel and value the slogan given its importance. First, Wal-Mart provides its employees with shopping discounts that allow them to shop for items that make them have a better life . It also ensures that its pays are better and enough for its employees to work and cater for their needs. Wal-Marts benefits such as holiday vacation and education support are all tailored to mark the employees have a better live not to mention saving money. Works cited Jathar, Rutja. Walmart Employee Benefits Retrieved December 3, 2011.walmart-employee-benefits.html>... Wal-Mart Compensation and benefits $12,000- $22,000 Health/ Medical insurance (Medical, hearing and vision) Retirement/ pensions plans: 401 (k) Education Profit sharing Store dis...
1 Pages(250 words)Essay

Walmart

... itself to international markets, the sail is not totally smooth and it is being challenged by rivals like Tesco in recent times in England. Its attempt at laying hands at one too many businesses hasn’t been a too successful attempt. Conclusion: Despite all the obstacles, it is seen as the potential market leader in times to come and analysts have it that by next ten to fifteen years it could touch the trillion mark market. Walmart serves as the model for many and the blend of many distinguishing features that makes it the right model to follow. It has the recipe of a perfect organization with focus on customer care and reduced costs. References: Hartley, R. F. (2010). Management Mistakes & Success. John Wiley and Sons.... Introduction:...
3 Pages(750 words)Essay

Walmart

... Case for management at Wal-Mart Introduction Wal-Mart is a regional retail cooperation that has recently developed to become one of the largest companies in sales, in the United States. Sam Walton created Wal-Mart in 1962. Even though it displayed a successful record in its development over the years, it has experienced various hurdles that proved a difficulty for its maturity to a stable state (Wal-Mart Stores 17). This can be shown by some other discount retailing firms that together with Wal-Mart started within that same period. For example, the Kmart which was started by the Kresge corporation, Target started by Dayton Hudson and the Wool co initiated by F.W Woolworth. With the domestic location of its stores, Wal-Mart growth... with...
2 Pages(500 words)Case Study

Walmart

...through exclusive distribution measures, whereby the may focus on utilizing their strong brand to protect their services and products. This involves use of patents, trademarks, branding, psychological and legal barriers imposed against substitutes (McKay & Marshall, 2004). On the other hand, Wal-Mart has protected products from substitution by ensuring that their products are incompatible with the competing products in the market. References McKay, J., & Marshall, P. (2004). Strategic management of E-Business. Milton: National Library of Australia. Porter, M. E. (1980). Competitive Strategy: Techniques for Analyzing Industries and Competitors. (Ed.1). New York: The Free Press. Porter, M. E. (1985). Competitive Advantage:...
2 Pages(500 words)Term Paper

The business strategy of Walmart

...them within the company. This will increase the rates in which the company manages to hold onto their work force. Works Cited: Copeland, Nick, and Christine Labuski. Walmart and the American Dream. Hoboken: Taylor and Francis, 2013. Print. Hill, Charles, and Gareth Jones. Essentials of Strategic Management. New York: Pearson Longman, 2012. Print. Lichtenstein, Nelson. The retail revolution: how Wal-Mart created a brave new world of business. New York: Picador, 2010. Print. Parnell, John A.. Strategic management: theory and practice. 4th ed. Los Angeles: SAGE, 2014. Print. Rudrabasavaraj, M. N.. Dynamic Global Retailing Management. New Delhi: Himalaya Pub. House, 2010. Print. Slee, Tom....
6 Pages(1500 words)Admission/Application Essay

Walmart

...WALMART al Affiliation) Business level strategy used in Walmart Walmart uses low-cost strategy in its operations as it is mainly concerned with offering consumers value for their money and through the activities, they focus on managerial energy and attention on doing every possibility to lower the cost of the organization. The strategies that Walmart have used in lowering the cost and offering value for consumers are through activities such as putting pressure on workers to work overtime without compensating them. The work increases the goods that are supplied to consumers to meet their demand but there is reduction in the cost of production as overtime...
2 Pages(500 words)Assignment

Impact of Walmart mission on Overall Success

...strategies. Corporate governance mechanisms Corporate governance is considered to be an essential factor for success of a business. Walmart has strong corporate governance and it performs all its operations on the basis of high accountability and integrity. It can be stated that its corporate governance mechanism is based on delivering quality to the end users. They perform as per set ethical standards so that they are able to deliver value to shareholders as well as customers. The company has its corporate governance mechanism in the form of a Global Ethics Office which monitors the overall operation to ensure that the company delivers high value through its products or service....
7 Pages(1750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Walmart Business Success for FREE!

Contact Us