Walmart Stores Inc Analysis - Business Plan Example

Wal-Mart Stores, Inc. Part Company Profile Wal-Mart is a multi-national company. It sells different goods and items. There are many Wal-Mart stores. These Wal-Mart stores are like super stores. In the Wal-Mart stores, different goods ranging from electronics to furniture are available for the purpose of sale. Step 1: Defining Research Purpose The basic purpose of this research is to find some useful information about Wal-Mart for which I may like to work. Before going to apply and offer my services in this company, it is important to know some of the basic information about this company. Step 2: Sharing My Knowledge In order to get some information, I visited the website of walmartstore.com. In this website, a sufficient amount of information is available regarding health and wellness, careers and so on. I decided to know a finance opening at Wal-Mart. In this website’s career portal, Wal-Mart has comprehensive plan for young and new workforce. Step 3: Devising Research Questions I have insufficient information about Wal-Mart. To get further information, I have formulated following questions: When Wal-Mart came into existence? What is the current financial strength of Wal-Mart? What is the customer base of Wal-Mart? After devising the research questions, it is important to find some resources to get the answers of these questions. It is important to have reliable source to answer these questions. Step 4: Finding Sources First and most reliable source is the official website of Wal-Mart. The main page of the website has different links. These links connect to different templates. A sufficient amount of information is available on these provided links. Particularly, the link for “About Us” gives information regarding the purpose of Wal-Mart and a brief history note is also mentioned. Step 5: Answering Research Questions Following are the answers which I found. When Wal-Mart came into existence? In the year of 1962, Wal-Mart came into existence (“About US”). It launched its business operations by opening the first Wal-Mart discount store in Rogers, Ark. And in the year of 1969, Wal-Mart was incorporated as Wal-Mart Stores, Inc. I think this company is pretty old. And it has passed so many years with the existence and constantly, it is increasing its number of stores in different cities and states of America. What is the current financial strength of Wal-Mart? Wal-Mart is a financially stable and sound company. In the year of 2010, the company posted the sales figure of $405 billion (“About Us”). The Fortune Magazine ranked Wal-Mart as first among retailers in the year of 2010. The rank given by the Fortune Magazine gives me the idea of the company is financially strong and sound. This is encouraging factor for me to become an employee of Wal-Mart. What is the customer base of Wal-Mart? Weekly, more than 200 million times these customers are served at the stores of Wal-Mart. Also, a huge chain of 8,838 retail units is always ready to serve the customers. And to serve the customers, Wal-Mart has employed 2.1 million associates worldwide (“About Us”). I think Wal-Mart serve more than any other company in the world. And this is mainly the company’s service quality that attracts so many customers. Step 6: Presenting the Research Wal-Mart Stores, Inc. In the year of 1962, Wal-Mart came into existence (“About Us”). It launched its business operations by opening the first Wal-Mart discount store in Rogers, Ark. And in the year of 1969, Wal-Mart was incorporated as Wal-Mart Stores, Inc. Wal-Mart opened its first Sam’s Club membership warehouse in 1988. With the continued business success and business growth, Wal-Mart became an international entity in 1991 when it launched and opened its very first Sam’s Club near Mexico City. Wal-Mart is a financially stable and sound company. In the year of 2010, the company posted the sales figure of $405 billion (“About Us”). Additionally, Wal-Mart has a huge figure of customers, associates and members. Weekly, more than 200 million times these customers are served at the stores of Wal-Mart. Also, a huge chain of 8,838 retail units is always ready to serve the customers. And to serve the customers, Wal-Mart has employed 2.1 million associates worldwide. Now, Wal-Mart serves and does business in 15 different countries of the world. The mission of Wal-Mart is unique and attractive and is put entirely in this way-Save money. Live better. This mission is more customer-oriented. This mission talks about the customers and their thinking of saving money and helping them to live better. Due to this level of customer care and quality services, Wal-Mart is a remarkably success story in the industry in which it operates. Wal-Mart has different and different range of products. These products are not limited to any one aspect of the customer purchase rather it would not be incorrect to say that Wal-Mart sells almost all products that are needed in a routine life. Wal-Mart deals in the products of electronics, home, furniture, shoes, jewelry, toys, sports, crafts, party supplies, pharmacy, health, beauty, grocery and pets (Wal-Mart, website). The Corporate Office of Wal-Mart is located at 702 SW 8th Street, Bentonville, Arkansas. In this Corporate Office, the major and strategic issues and business policies are discussed and evaluated. Personal Evaluation of Company Wal-Mart is a multi-national giant company. In the year of 2010, Wal-Mart posted the sales figure of $405billion. Additionally, it has 2.1 million associates. I think on the basis of available financial information, Wal-Mart looks financially sound and financially stable company. If I apply for a job in this company in the field of finance, I think my job security would be ensured and I don’t need to worry about. For me and for many other young job hunters, the issue of job security comes first. Also, I have studied the environment of the Wal-Mart and its policy towards employees and their other aspects of the employment, I think, Wal-Mart offer remarkable career opportunities and career growth. Different learning programs provide me an opportunity to gain more knowledge and growth while working for Wal-Mart. I am interested in the field of finance. Mostly, the finance related corporate affairs are handled and managed in the Corporate Office of Wal-Mart. The Corporate Office of Wal-Mart is located at Arkansas. I think for that, I may need to relocate there and start working for Wal-Mart. But, the process of relocation may not be easy. Since many other factors are required to be considered and analyzed, additional information relating to the Bentonville is required. With the help of additional geographical, cultural information of Bentonville, an appropriate and reasonable decision would be made. Works Cited “About Us.” Walmart stores. Corporate Information. 2011. 6 February, 2011. http://walmartstores.com/AboutUs/ “Company Product information.” 2011. 6 February, 2011 http://www.walmart.com/ Part 2: Summary of a Community Before going to Bentonville, it is important to get some information about it. Step 1: Defining Research Purpose The main research aim is to get some important information about the city of Bentonville where I might need to relocate and live in. Step 2: Sharing My Knowledge I am pretty reserved person. I don’t know about the city of Bentonville. Since I don’t have any information about this city, it is highly important for me to get full and sufficient amount of information. The availability of this information would help me to live there properly and carefully. Step 3: Devising Research questions Does Bentonville have a diverse population? Are there any historical places? What is a price of home in Bentonville? Step 4: Finding Sources I used google.com to get an access to the relevant information that can provide me a sufficient amount of information. I found the official website of Bentonville; it accommodates a sufficient amount of knowledge and information relevant to provide answers to my research questions. For instance, http://www.bentonvillear.com is a website for the city of Bentonville. Step 5: Answering the Research Questions Does Bentonville have a diverse population? Bentonville is a full of cultural diversity: Hispanic, Asians, Whites and people belonging to other races shine the ethnic and racial culture of Bentonville (City-data). I appreciate cultural diversity. Are there any historical places? Additionally, I prefer to visit different parks and historic buildings. City Hall, Pea Ridge Military Park are the classic historic places located in Bentonville (Bentonvilleusa.org). By visiting these places, I would be in a better position to understand the historic culture and historic architectural designs. What is a price of home in Bentonville? Accommodation is also a significant factor. In order to get the full information about accommodation in Bentonville, I visited different websites and web resources. After a sufficient amount of web surfing, I found that average home price in Bentonville is $202,826 (“Money.CNN”). With this piece of accommodation information and certain other factors like rentals taxes driving licenses and so on, I would be able to make my budget according to my available funds. Step 6: Presenting Research paper Researching a Community: Bentonville, Arkansas The decision of relocation needs some special consideration. I think before going to make any decision for possible relocation to Bentonville, it is important to consider the factors like culture, races, crime rate and certain other factors. I think by considering these factors before relocation would be helpful in making a right kind of decision. Bentonville is a full of cultural diversity: Hispanic, Asians, Whites and people belonging to other races shine the ethnic and racial culture of Bentonville (City-data). I appreciate cultural diversity. It is this diversity that arranges an interaction with people coming from different cultural backgrounds. With this diverse interaction, I find no reason to increase my knowledge and understanding about other people. Also, there are some lakes and natural places that depict the true picture of nature in Bentonville. I plan to visit them and enjoy these natural places. For me, it is highly significant to know the crime rate of Bentonville. As I had no prior experience of relocation and I might need some more assistance on other issues, the official website of Bentonville has much to offer me. It has various additional links for other websites giving considerable information about community services and community safety. For instance, the web site of Bentonville provides the links for the web sites of fire, police, utilities, other versatile locations (Bentonvillear). This would be a considerable source of information for me. Additionally, I prefer to visit different parks and historic buildings. City Hall, Pea Ridge Military Park are the classic historic places located in Bentonville (Bentonvilleusa.org). By visiting these places, I would be in a better position to understand the historic culture and historic architectural designs. Accommodation is also a significant factor. In order to get the full information about accommodation in Bentonville, I visited different websites and web resources. After a sufficient amount of web surfing, I found that average home price in Bentonville is $202,826 (“Money CNN”). With this piece of accommodation information and certain other factors like rentals taxes driving licenses and so on, I would be able to make my budget according to my available funds. Although, I have made up my mind that I am going to be a part of Wal-Mart, but it is possible that I may not be able to get a chance of serving at Wal-Mart by any reason. In that case, I need fully aware of other employment opportunities in Bentonville. Without any doubt, the financial strength of Wal-Mart is unquestionable, but nothing can remain constant for a longer period of time. The frequency and possibility of change cannot be avoided. It is good to be pre-planned and having a back-up plan. With this thinking, it would become possible for me to easily and comfortably manage my economic circumstances with a good back-up plan. Works Cited “Best places to live”. 2007. 6 February, 2011. http://money.cnn.com/magazines/moneymag/bplive/2007/snapshots/PL0505320.html “Official web site of the city of Bentonville”. 6 February, 2011. http://www.bentonvillear.com/ “Historic sites of Bentonville”. 6 February, 2011. http://www.bentonvilleusa.org/general.asp?id=206 “City- Bentonville-Arkansas”. 6 February, 2011. http://www.city-data.com/city/Bentonville-Arkansas.html Part 3: Personal Positioning Statement Step 1: Research Purpose The main research aim is to review my previous research and personal comments in order to write a personal positioning statement to be used for the new job I intend to apply. Step 2: Sharing My Knowledge I have an engineering degree and ten years related work experience. I have an aim to become a part of senior executives in a large multi-national corporation. Because, I believe that I have skills and expertise that are required to perform executive level jobs. I think Wal-Mart is that type of organization which can sufficiently facilitate my skills and requirements. Step 3: Devising Research Questions What personal qualities do I need to have that Wal-Mart might be looking for the position of finance executive? Do I have sufficient skills required by Wal-Mart? Step 4: Finding Sources Again, to properly answer these questions, I visited the same corporate site of Wal-Mart. This website has everything to answer my questions. Step 5: Answering Research Questions What personal qualities do I need to have that Wal-Mart might be looking for the position of finance executive? Hard working and commitment are the personal qualities that are expected. In the concept of hard working, I don’t see the value of time but the value of assigned task and expected objectives. And for commitment, I believe without fulfilling a commitment my life cannot be a successful story. Do I have sufficient skills required by Wal-Mart? Skills can be inter-personal and communication skills. I have a firm belief on me and my interpersonal and communication skills. I believe without them, nobody can achieve and sustain the enjoyment of successful life. Step 6: Presenting Research Paper I have an engineering degree and ten year related work experience. But, I want to explore some other more lucrative job opportunities. Like the field of finance. It would not be difficult to reach the top level of corporate ladder with my skills and my personal qualities. I have skills that are required. Additionally, I have personal qualities like hard working and commitment; which are highly essential for the success at Wal-Mart. Read More