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Wal-Mart History

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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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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.

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Sam Walton is the founder of Walmart, after leaving the Military he worked for retail for a few years and gained some experience. In the 1950’s him and his wife moved to Bentonville and he opened up his own store called Walton’s 5&10. With having so much success on this store he opened up the first Walmart in 1962 in Rogers, Arkansas, and it only went on from there. (2016 Wal-Mart Stores Inc.). More Americans buy their groceries at Walmart than anywhere else, it is known to be one of the cheapest but it has one of the lowest ratings.

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Wal-Mart is a company where their profits depend of their poverty. Wal-Mart 's massive profits also depend on the funding of food stamps and other public assistance programs. It is shown that Wal-Mart puts their stores in poor and rural locations so they can get low income individuals to shop there and even work there. According to Stacy Mitchell, a senior researcher with the institute for Local Self-Reliance states,"This is a company that everywhere it goes it creates poverty.(McCauley) " This can proven due to the state of the employees that work there.

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Businesses like Toms, that explicitly donate one pair of shoes for every pair purchased, have not always been present. Even businesses like Costco, that may just focus on investing heavily in how they treat and educate their workers have not always been a societal norm. This is because the idea of businesses having actively practicing a responsibility to their communities is relatively new. We have seen recent unprecedented competitive conditions that have compelled companies to look to strategy experts for answers to the following questions: (1) what does corporate responsibility mean and how can we measure our performance in it; (2) why are consumers concerned with this construct of corporate responsibility and what social issues matter to

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Walmart also frequently posts about their corporate social responsibility initiatives and community

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In 2005, Walmart set three primary 10-year goals for themselves as a company. McMillon has stated that these goals are “to be powered by 100 percent renewable energy, create zero waste and sell products that sustain people and the environment” (Walmart Corp., 2017). In 2015, Walmart refreshed these goals and put another 10-year plan into place that will move towards what they describe as “a new era of trust and transparency” (Walmart Corp., 2017). Sustainability is a goal that Walmart has set in the hopes of adopting new practices that will put them ahead of the competition. Walmart is paving the way for companies to adopt more sustainable practices.

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For example, there has been about $60 billion in revenue growth, $129 billion cash flow from operations as well as over $55 billion that has been returned to shareholders through share repurchases and dividends (Wal-Mart Stores, 2016). With reference to the stock, the stock price is currently at $68.66 although this majorly a decrease given the high stock prices especially in 2015 hitting more than $90 per share. However, it is impressive that the company decided to raise the annual dividend up to $2.00 per share, which is good news for investors. In general, based on the fact that Wal-Mart is among the biggest corporation in the United States with numerous outlets, it is evident that it heavily impacts the environment, the workers as well as natural resources. Analyzing the firm’s commitment to achieving CSR goals is in terms of opportunity, sustainability and the community.

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Through this advertisement, Walmart’s goal is for Americans to feel the need to nurture other Americans. Walmart is not advertising any special deals or promotions, but they are expressing the idea that they will always be there for you. This is more important because as a consumer, I would rather go to a store that cares about me than a cold-hearted big business. Although Walmart is the largest company in the world, this advertisement makes them feel like a small business. Overall, Walmart uses the need to nurture to get consumers to come into their stores and donate rather that a

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For an organization to be successful their must be trust. Companies earned their credibility through honesty and integrity. It is easy for an organization to say what they are all about or what that are going to do, but Wal-Mart prove to be wrong. It all start with leadership, they should have lead by

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Sam Walton a global market and transformational leader who has the vision to sell volume over profit. His vision gave him the opportunity to own and operate a single store in a small town in Arkansas and transformed his business to be one of the biggest corporation with over 4,000 stores in the United States. Sam Walton operate his company, Walmart, with compassion and love for his employees living with moral and ethical standards. He led by example, cared for his workers, customers, and most of all being a servant leader he is. He revolutionized and made a constant inspiration and made a huge impact in the retail industry.

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The company "Walmart" is one of the most influential companies in the retail trade. For over 10 years it became the largest chain of retail supermarkets in the United States. In addition, the position of Wal-Mart are strong and in other countries. "Walmart", since its foundation, pursues a strategy of low prices. This is the strategy through which it can offer products cheaper than other competitors.

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Walmart Case Study This case study involves America’s largest and most recognizable retail chains. Walmart steadily grew from its founding in 1962 as a small Arkansas based retail store into the multi-national giant that it is today. One of the issues that Walmart’s unprecedented growth has raised is how it can maintain the ethical standards and principles held by its founder, Sam Walton, when it has grown past its humble roots and continues to grow in an ever more competitive and hectic world.

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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.

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Walmart, is an American multi-billion dollar low-cost retail organization that operates a chain of hypermarkets, discount department stores and grocery stores (Walmart, 2016). It also known as a multinational retail corporation, which started small, with the simple idea of selling more for less as a single discount store, has grown over the last 50 years into today’s largest retailer of the world (Our Story- About Us, 2016). According to Wikipedia (2016), Walmart is a family-owned business company, founded by Sam Walton in 1962 and incorporated on October 31, 1969. Headquartered in Bentonville, Arkansas, that organized under four divisions: Walmart U.S., Walmart International, Sam's Club and Global e-Commerce.

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Many companies strive to achieve goodwill of the brand name in its relevant industry. Competitors try hard to outperform each other in every significant arena. Organizations apply many techniques to surpass each other. Corporate philanthropy is a kind of a technique which many companies tend to follow. Corporate philanthropy is essential to make a change in a society.

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