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Wal-Mart History

687 Words3 Pages

Let's initially start by examining some of Walmart history. Walmart was established in 1962 by Sam Walton with it first store opened in Rogers, Arkansas. The CEO of walmart is Doug McMillion, Walmart Stores, helps people around the world save money and live better lives with their retail stores, online, and through their mobile devices. Each week, nearly 260 million customers and members visit one of walmart 11,539 stores. Walmart annual fiscal report for 2016 was a revenue of $482 billion, Walmart employs more than 2.3 million associates worldwide. The Changes at the Walmart Foundation as of late are an ideal case of what's Strategic philanthropy is. The Walmart's corporation has undergone a worldwide shift from dispersing local grants to a strategic programs. The strategic program key concern is to take advantage of the organization's key resources as a business. The reason for this action, is a long haul push to patch up the retail giants disapproving image and produce ways that will reinforce the corporation bottom line in coming years. …show more content…

Now the company one of the biggest charitable company that exist. In any case, Walmart has revamp their philanthropy strategic around programs that focus on meeting the needs of the community and the under served by making charitable giving a focus and concentrating on core areas like Opportunity, Sustainability and Community. Walmart is doing this with a mixture of self interest and a series of other strategic initiatives in mind for the better good of both the company and the

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