Wal Mart

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Walmart is a highly successful discount store based in whole on its founders beliefs and convictions. Sam Walton wanted to make a difference amongst the retail dynasty. A great foundation was implemented for his customers, associates, and community. These beliefs are what today still keeps the store sky rocketing to successful measures.
Walmart first department stores opened in a small lower income town called Rogers, Arkansas on July 2, 1962. Sam Walton had a vision of providing inexpensive goods to small town markets. Walmart went public on October 1, 1970 to the trading public. It started at $16.50 a share which was a good start then. In 1991 Walmart expanded internationally, starting in Mexico City. Currently as of July 2004 Walmart have opened more than 1,409 discount stores in the US, 1,562 super centers, 539 Same clubs, and more than 1,506 international Walmarts in various countries.
The industry which Wal marts lie is known as the giant Retail business. The current size is 5,016 total stores in both domestic and internationally. The growth of this company is sky rocketing and leaving any room for competition to keep up. Based on the current sales Walmart is ranked as one of the top retail if not best retail store in the world. It roughly brings in 256,329,000 net sales a year and its net profit is around 10,803,000 a year. With the turn around rates, an accurate calculation of current employees is not attainable, however there is a documentation of 1.3 million current associates worldwide. This includes stores, clubs and 10 international countries.
Walmart has several different departments that I was able to find. The financial department is an extremely important department for Walmart. This is the department that is set up to protect corporate assets throughout their specialties. There are several sub departments under the main title of Finance Department. One is the account payable group. This group is set up to makes accurate payments to suppliers, and negotiates with these suppliers on conditions and agreements. The next sub department is the accounts receivable group. This group is responsible for the collecting or collections of any source of money or payments due to the number of super centers, discount stores, neighb...

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...turn it around and recover effectively with little financial or emotional change. Swimming upstream and avoiding the conventional way is another way to do this. If competitors are going one way, try another route it might be the correct and most efficient way. Be head strong a lot of people will not understand why you want to be different.
Wal mart believes in contributing and taking care of the needs of the associates, the customers, communities, and the shareholders. Supporting issues and causes that are important to associates and customers is a main interest in our company. We empower them to determine the success of all actions that surround them We encourage involvement and programs to make the difference in all aspects of the business.
Over the next few years the company needs to grow with the surrounding changes. Changes will always happen especially in retail, however with the founders beliefs set in stone a company can always prevail. With each cork in the road implementing the set in stone guidelines will help over come each and every obstacle. I believe with this the company will always be around and growing.

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