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Essay on walmart impact on communities
Walmart impact on economy and community
Essay on walmart impact on communities
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We all know the retail leader for the last several decades has been Wal-Mart. During the sixty's, Mr. Sam Walton open the very first Wal-Mart. With a vision of selling their products cheaper than the competitor. At first, business was shaky at best. However, today the Walton family is worth an estimated 130 billion dollars.
“Be very selective. Never sell a product you would not want to buy yourself”, these words were the founding axiom of Barney Kroger and the grocery chain that bears his namesake. Mr. Kroger understood that in business, a good name is a commodity in itself and he governed his company accordingly. He intended to build his name in the grocery business by providing the best possible products, along with excellent service, selection and value. Raised as the son of a merchant, in 1883 Barney Kroger invested $372, his entire life savings, to open a grocery in downtown Cincinnati, Ohio.
Wal-Mart is good because it produces products for consumers to buy at a low price. The low prices help people that can’t afford high price products to be able to buy what they need. Wal-Mart is probably the widest and strongest company in the U.S. business history. They have a great economy and they are the most admired company. Can you believe that Wal-Mart is the first company on the planet to report one quarter of a trillion dollars in sales $256 billion?
Walmart was founded in the summer of 1962 by Kingfisher, Oklahoma native Sam Walton. Although Walton’s original vision for the store was relatively modest, the half century since its founding has seen Walmart morph into one of the biggest companies in the world. Today headed by one Doug McMillon, Walmart boasts more than 5000 stores in the United States of America alone and employs more than 1.5 million people. Walmart is undoubtedly an American institution, yet each Walmart store feels like its own little country. Walmart seems to have its own laws and customs and the people who shop their on a regular basis appear almost primitive in their behavior as they go about raiding the store’s shelves and wrestling with fellow customers for discount flat screen televisions and bulk packages of two-ply toilet paper.
You can barely get through some of the aisles; you can never find someone who actually works in that department to help you; and you have to wait forever to return an item. However, Walmart is trying hard to shape a new shopping experience. The company is hoping to entice customers and boost sales with more organic produce, displays that mimic farmers market and a trendier bakery selection like mini cookies and cakes. Nordstrom: When it comes to Nordstrom the first thing people would say is about their excellent customer service.
Wal-Mart was founded in 1962 by Sam Walton. He opened up the first store in Arkansas. The first store was a basic discount store providing its customers with low cost products. In 1983, Sam Walton expanded the Wal-Mart brand name to include its first Sam’s Club. This member’s only store warehouse that offers bulk items from everything to clothing to household cleaning items to food later became a huge success.
Sam Walton, founder of Sam’s Club is one of the most notable business leaders of his time. Passionate for excellent customer service, Walton wanted to use his resources to help other entrepreneurs have access to products they needed to make their businesses grow. (Sam's Club, n.d.) In 1983, Sam Walton opened the first Sam’s Club in Midwest City, Oklahoma. Today, Sam’s is a membership warehouse club that offers members quality products at a low price value unmatched by any traditional retail store.
Samuel Walton is one if not the most impact full entrepreneur of the 21stCentury. He is mostly know for being the founder of internationally know “Wal-Mart’. Samuel was always pretty successful and his classmates named him “most Versatile boy” as said on Sam Walton’s Biography. Soon after Mr. Walton opened Wal-Mart it didn’t take long for him to grow from an idea to an empire. Samuel Walton was born on March 29, in Kingfisher Oklahoma.
He would be selling everything from name brand household items, clothes, and even auto parts. This would be the beginning of a lifelong journey for Sam Walton. He called the new store “Wal-Mart,” a store that promised “everyday low prices (Packer, George).” This new store was a hit, and by a mere 5 years later he had 32 stores in four different states. After the company went public in 1970, Sam Walton was worth $15 million.
Walmart: A Mini Ethnography. Last week I visited Walmart. During the night hours around 8-9pm Monday and Wednesday. To provide some context to what Walmart is, Walmart is a popular American supermarket chain founded by James and Sam Walton in 1962, in Arkansas. Over the past several decades, Walmart has grown to be one of the largest and most popular supermarket chains in the United States, available in every state and many cities, including here in Flagstaff, Arizona.
I Have a part time job that i go to, Walmart. One night around 10 'O clock I was checking out the last people in my line before I clocked out. As I was checking out a lady I noticed she kept laughing and looking back. I looked back and did 't see anything. She still kept looking backing.
The article “Labouring the Walmart Way,” author Deenu Parmar talks about how Walmart is able to achieve selling goods at a lower price then any average superstore. The author goes on to explain that Walmart’s antiunion efforts, employee selection, low prices and high retention rate all contribute to their major success. Walmart’s stance on ant unionism allows them to keep wage cost down and keep all their profits up. Not allowing a union keeps Walmart with the power to keep low wages and force unpaid overtime.
Walmart has succeeded in achieving the leading position in the retail industry. Walmart now stands as the biggest retailer in the world. However, the external factors constitute pressure on the company that must be address carefully. By analyzing the five forces of external factors we will define the nature and power of our rival power in the market. The five factors are competitors from rival, potential new entrants, substitute products, supplier bargaining power and customer bargaining power all of these competitive forces affecting Walmart position.
Sam walmart looking for someone that able to comply his “10 commandments of business” . There are commit to your goals; share your rewards; energize you colleagues; communicate all you know; value your associates; celebrate your success; listen to everyone; deliver more than you promise; work smarter than others and blaze your own path. Walmart looking for someone that very hardworking but in the other time, he or she can enjoyed after achieved the goal. However, manager might have the wrong perceptions that can lead them to hire the wrong people.
Wal-Mart was founded in 1962 by Sam Walton. With the opening of the first Wal-Mart discount store in Rogers, Ark. The company integrated as Wal-Mart Stores, Inc., on October 31, 1969 (Wal-Mart, 2010). As a leader in sustainability, corporate philanthropy and employment opportunity, Wal-Mart placed first among retailers in Fortune Magazine 's 2009 Most Admired Companies.
