An Inside Look at the Wal-Mart Company

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Recommended: Structure of Walmart

Mission and Goals

In 1962, Sam Walton opened the first store, Walmart, in Rogers, Arkansas. Walton financed 95% of the company. Since then, his vision was saving people’s money so they can live better. From more than 40 years ago, until now with thousands of stores around the world, the same mission embedded the business. Walmart’s mission statement and advertising slogan is: “People, saving money and live better; If we work together, we’ll lower the cost of living for everyone, we’ll give the world an opportunity to see what it is like to save and have a better live.”

In order to fulfill its mission, Walmart developed some unique rules and procedures:

1. Open Door Rule: employees at all level may have opportunity to discuss their concerns with their managers

2. Sundown Rule: Answering people and employees within 24 hours without long delays

3. Grass Roots Process: open to suggestion and new ideas from employees

4. 3 Basic Beliefs and Values: respect for individual, service to customers and strive for excellence

5. 5 Foot Rule: making eye contact and help customers who come within 10 feet

6. Servant Leadership: Managers are present for their team at all times

7. Walmart Cheer: the chant made by Walton to lift the moral

The result of these processes proved that this mission empowers Walmart to help customers afford what they need and support a family.

Key Financial Indicators

Graph – This indicator shows Walmart’s sale and success over years.

Affordable price is an important factor in today’s economic. Therefore by following this mission, Walmart combines both roles as being a retail store and showing responsibility as member in community to help people getting valued and good quality product and having a b...

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"Safety." 2012 Walmart GRR –. N.p., n.d. Web. 03 Apr. 2014. .

"Sam Walton." Walmart Corporate. N.p., n.d. Web. 3 Apr. 2014. .

"Sam Walton Biography." Bio.com. A&E Networks Television, n.d. Web. 31 Mar. 2014. .

Sellers, Jeff M. "Deliver Us From Wal Mart?." Christianity Today 49.5 (2005): 40-45. Academic Search Complete. Web. 1 Apr. 2014.

"Walmart Canada – Corporate Information." Walmart Canada – Corporate Information. N.p., n.d. Web. 03 Apr. 2014. .

"Walmart Ethics." Walmart Ethics. N.p., n.d. Web. 02 Apr. 2014.

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