To pick a financial organization that varies with over 500 companies was hard to decide which one I’m going to research. With the dominance of the top financial, the ideal company was Walmart. Walmart has a very interesting story behind the great success. The upbringing of the current top company was a tremendous struggle to the top of the food chain. The founder had a rough time with the lack of investors interested at the time of his ambitious ideas to slice prices of products to gain profit method. The original founder of Walmart name is Sam Walton. Better known as Mr. Sam was born in 1918 in Kingfisher, Oklahoma. Growing up on a farm with his family, he didn’t live the luxurious lifestyle. He attended David H. Hickman high school. …show more content…
("Wal-Mart Stores, Inc. - Encyclopedia of Arkansas," n.d.) It was a rough opening; it was stated as a “messy opening”. It was during the middle of summer, which were 110 degrees outside. Mr. Sam decided to order a truck load of watermelons and donkey rides for the kids. Within a short span of time the watermelons began to pop open due to the heat. The juice was all over the parking lot, and the donkey was walking all over the place, making matters worse. But one thing people indicated, is that not a day went by that the Walmart Company improved in some shape or …show more content…
Walmart was now becoming a national star. In 1984 had another big achievement, the new franchise on the scene, Walmart was introduced with an 8% pre-tax profit at the beginning of the year. In 1987, the company completed the biggest satellite communication with all the companies to the general headquarters located in Bentonville. Also Walmart was also adding new locations all over the Country. In Garland, Texas, Walmart opened its first combination Grocery and General merchandise store it was called Hypermart U.S.A. Even though the success of Walmart was growing rapidly, Mr. Sam kept a Saturday morning meeting to discuss ideas. The separation of Walmart and other franchises is that they use the open-idea policy. Every member of the Walmart family is important. In the 1990’s new ideas were still in