The first Wal-Mart store opened up in 1962 in Rogers, Ark by the founder Sam Walton. Wal-Mart is one of the world’s largest retailers. Today there are over 800 stores that offer everyday affordable prices for all American families across the world, great jobs, and it serves the communities through volunteerism and charitable contributions. Sam and his partners felt they could sell things that were found in stores where upper class customers shopped and they will sell them at their store at a lower price for lower income customers. Most people think that Wal-Mart happens to be one of the greatest things that have happened to the low income families. They can provide for their families without spending a lot of money. With lower prices, Wal-Mart can yield jobs and help with economic growth. Studies have shown that Wal-Mart has created over 30,000 jobs all over the world. Most of the jobs are full- time and the pay is a little over the minimum wage and people enjoy working there. …show more content…
With Wal-Mart coming from a small Arkansas company they have become nationally acclaimed because of its top notched management team who takes on a lot of pioneering operating strategies that will help allocate the retailers dedication to “high-value merchandise” at a low price to customers. As the company grows, they have run into a lot of opportunities to develop new strategies and use the opportunity to sustain their growth rate. The bottom line is they are taking a great risk by the decisions they make. However, despite Wal-Mart’s success in doing great business in the global arena, they still are facing many obstacles in the global perspective. There will always be some business that is unfavorable to handle and the negations hard to