People like to think of Walmart as a store with many variety, because you can get almost anything for low prices. Although Walmart is an American Retail corporation, there are many branches of Walmart, not only in the United states but also other places around the Globe, making it the largest company by Revenue. Because of its variety in products and worldwide locations, Walmart has a significant effect on the society, both economically and most importantly the impact of environmental issues. Like many other Global Industry, Walmart overtime has develop strategic ways in the sustainability of the environment not only for the environmental issue we face, but also a market strategy which forms a connection between society and businesses.
Walmart
To start, their vision statement is: “To be the best retailer in the hearts and minds of consumers and employees.” Their aim to be the top retailer is certainly true. According to the National Retail Federation, Walmart is the #1 retailer in the United States. Other numbers back up their position. They have 11,535 retail unites in about 28 countries. 2.2 million associates around the world serve over 260 million customers weekly. For the fiscal year of 2015, Walmart reported increased net sales of 1.9% and a revenue of $485.7 billion. Additionally, Walmart’s mission statement is: “Saving money so they can live better.” Their statement also parallels with their company slogan: “Save money. Live
Their main growth strategy is market penetration, where the company sells as many goods and services to their current target market as possible. They do so by offering discounts, promotions, and special packages tailored for the customers. The other strategies, while important, are not used as often.
Walmart’s main objectives can be found in their Global Responsibility Report. First, they aim to create economic opportunity for associates and suppliers for their retails and supply chains. Second, they aim to strengthen their sustainability efforts for their operations and product supply chains. Lastly, the company aims to build strong communities by supplying disaster relief efforts and investing in the communities.
On October 23rd 2005, Lee Scott, the CEO of Walmart at that time, in a Walmart company speech that was given by him, publicly set Walmart on the path of becoming a leader in sustainability by setting three bold goals for Walmart: to be supplied 100 percent by renewable energy, to create zero waste, and to sell products that sustain our resources and environment. For the past ten years after Lee Scott announcing his three goals, Walmart has been making a significant commitment to fulfilling his
Wal-Mart Stores, Inc. operates retail stores in various formats around the world. Wal-Mart is committed to growing by improving the standard of living for our customers throughout the world. Wal-Mart earns the trust of its customers every day by providing a broad assortment of quality merchandise and services at every day low prices while fostering a culture that rewards and embraces mutual respect, integrity, and diversity. In 2006 the net sales were $312.4 billion versus in 2005 were $285 billion.
Walmart was the first organization to introduce product life cycles for all of its products. This caused its competitors to follow shortly after. Walmart reasoned that by providing product life cycles, it provided the company with sustainability factors which they could use to track the movement of products. How does sustainability affect Walmart’s bottom line? With sustainability, Walmart can see what products consumers want more of and could have those products readily available at all time and in all locations for their loyal customers. Today, Walmart’s technology has become the key enabler for customer service. The lifecycle
"Wal-Mart Stores, Inc. is the world's largest retailer, with $285.2 billion in sales in the fiscal year ending Jan. 31, 2005. The company employs 1.6 million associates worldwide through more than 3,700 facilities in the United States and more than 2,400 units in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Germany, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico, South Korea, and the United Kingdom. More than 138 million customers per week visit Wal-Mart stores worldwide." (Walmartfacts.com)
Wal-Mart is the world's largest retailer and second largest corporation. It is the largest private employer in the United States and Mexico. Wal-Mart is the largest grocery retailer in the United States, with an estimated 20% of the retail grocery and consumables business, and the largest toy seller in the United States, with an estimated 45% of the retail toy business, having surpassed Toys"R" Us in the late 1990s. Wal-Mart has 1,929 stores which as of 2005 sales figures totaled about $155,477,000,000 in sales. Wal-Marts revenue as of 2006 was an estimated $315,654 billion USD, net income $11.231billion USD, and employs more than 1.8 million employees.1
Walmart a name known globally they are a true empire. They are known as one of the largest company in the world. Sam Walton founded Walmart opening the first store in 1952 and Arkansas since then in has grown. According to Snyder Walmart is located in over 27 counties they have over a 11,000 stores and over two million employees. Walmart stands by the mission statement “We save people money so they can live better.” Walmart is known for is super low prices, and they compete with anyone who tries to enter their market. Walmart has a very formal and bureaucratic structure. There is a very clear hierarchy and commands come from the top and flows to the bottom. Although Walmart is so successful they have received lots of backlash due to some
According to Smithson, Walmart can expand its markets to new and emerging markets especially in the third world countries, which can significantly increase its revenues. Secondly, the company can reform is employment practices and improve the quality standard and in doing so, attract more customers and improve its brand image. On the other hand, the company faces threats such as the rising healthy lifestyle trend I that the company in most cases does not provide customers with healthy goods. At the same time, the company can capitalize on this aspect and increase its revenues. Aggressive competition from other discount retailers such as Target creates a great threat to the company (Smithson, 2015).
With that, Walmart are able to provides products that are beneficial to the environment and customers can be aware that how much impact the products they bought can do to the environment. Walmart buy products from more than 60,000 supplies from 70 countries. With the Sustainability Index, Walmart can make sure that the products bought from the suppliers do not harm the environment. When Walmart are able to reduce the waste products from the organization, they can cut the cost and provides lower prices for customers. By reducing the waste of the products, Walmart can save millions
Wal-Mart Stores Inc. is in the discount, variety stores industry. It was founded in 1945, Bentonville in Arkansas which is also the headquarters of Wal-Mart. Wal-Mart operates locally as well as worldwide. It operated 1209 discount stores, 1980 super centers, and 567 Sam’s Club by January 31, 2006. It has also extended its operations to many international countries. It runs its retail stores in two forms: Sam’s Club and Wal-Mart Stores. The Sam’s Club sells assorted product lines such as hardwares, electronics, jewelry, and to mention a few. The Wal-Mart stores also offer similar products in addition to the following: health and beauty products, apparel for women, men and children, household appliances etc (www.yahoo.finance.com). The Vision Statement, Mission Statement, Values and Code of Conduct, Corporate Governance: Directors, Executive Management, Committees and Stakeholder will be the key elements that will discussed in this report as it relates to Wal-Mart. In addition to that, the major trends in the general/macro environment and industry will be analyzed.
However, many news articles including trustworthy sites such as “the guardian” state that Walmart still have a long way to go in terms of their environmental efforts. The authors claim of the company eliminating 28.2 metric tons of greenhouse possessions is true, in fact even exceeding their initial goal of 20 metric tons. Although, given the pure size of the company, the reduction of greenhouse possessions is far from enough to make a drastic impact. The company’s partnership with the National Fish and Wildlife Foundation (NFWF) was a massive boost to the company’s reputation regarding the environment. Walmart had invested a lot of their money towards the NFWF and correlated the amount of land preserved with every acre developed by Walmart. This meaning that due to this partnership, approximately 100 acres of land was preserved in Walmart’s name. When hearing this, all does seem perfect regarding the company’s environmental concerns. However, for a company the size of Walmart, it is very difficult to keep the company running completely “Green”. This can be supported as there are many articles regarding the company’s drawbacks towards the environment. An article from usnews.com states that one Walmart supercenter alone uses the same amount of energy as 1,095 US homes do in one day. In addition, the
The Wal-mart is the largest retail chain in United States and in the world. The wal-mart was founded in the year 1962 by Mr Sam Walton. It was originally named as Wal-Mart discount city in Rogers, Arkansas. At the time when the Wal-Mart stores started in the year 1962 it was focused only in small rural cites and town which had a population of 5000 to 25000. It was soon increased to 18 stores in 1969. In the next 30 years it had more than 4750 stores across 50 states in USA and 9 countries with $245 billion sales. It started its international operations in Mexico in the year 1991 and then it expanded it to different countries across Europe and Asia.
While keeping in mind they are a business which rely on profits. Walmart is a popular company that is known for their low prices. This corporation is also known for giving back to communities by making charitable contributions of 100,000 grants annually, as well providing disaster relief to various countries burdened by disasters and donated $100 million dollars to neighborhoods and law enforcement agencies. They also provide employees with college grants to obtain a two or four year college degree, Walmart is investing in their employees by giving them an advantage in their future. Walmart has also found ways to reduce waste by creating materials that are nontoxic and are recyclable friendly. With the use of sustainability, strategic philanthropy, causing marketing, shared values and stakeholder that is why this company was ranked number one by Forbes list in
Wal-Mart has been a very successful company for many years for a very specific reason. The management listens to the needs and concerns of the community, or in this case, the world. Wal-Mart has done a very good job of overlaying their logistics department with a “green” mission. On their corporate website, there is a special section for “Environmental Sustainability” that outlines just a few of the things that is making Wal-Mart into a company that values green objectives. Outlined are three major sustainability goals:
Wal-mart has a reputation for caring for its customers, of course their employees, and for the prospective public. So Wal-Mart can be an industrial leader for the world of shoppers with an eye for lower affordable prices, company decision makers would continue it's systematic strategies that it's founder and president established years ago. Sam Walton believed in three guiding principles in his strategy planning they were to provide the customer with good value and service, to have a good relationship with its associates, and to be involved with the community.
Walmart has had a long-standing presence in America society since the middle of the 20th century, seen as a place to get everything done, Walmart has become a fixation in our society. From grocery shopping, to changing your oil and even filing your annual tax returns, Walmart is always there, everyday. Started by Sam Walton in 1962, it began as a small operation catering to a small Arkansas community. It was started on principles very similar to small local businesses in small towns. Today Walmart has gotten a different, darker reputation. On the surface, Walmart may seem like the solution to everyday issues. Low-income families are attracted to the low prices, and people who work odd hours benefit greatly from the 24 hours a day that many Walmarts are open. Lately, Walmart has also managed to be publicly recognized as a store that sells many of today’s green products, including organic food, environmental conscious cleaning products, as well as, paper products made from recycled paper. However, underneath all this, Walmart has a different side. Exploitation of its workers is widespread amongst Walmarts who do not belong to a union, especially in the United States. Wal...
Wal-Mart's vision statement is, "To become the worldwide leader in retailing". Sam Walton followed this statement to become the largest retailer in the United States. He accomplished this feat by understanding what the most important aspect in selling is, the customer.