Target Corporation and Walmart Sam Walton

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Wal-Mart Organization Structure

MGT/230

April 08,2013

Walmart

Sam Walton was born i 1918 in Kingfisher, Oklahoma. In 1942 when he was 24 he joined the military at 1943 he married Helen Robson. In 1945 his military service ended afterward his wife and him moved to Iowa, then to Newport and finally Arkansas. Sam had already experienced in retail in 1950, the Walton 's left newton for Bentonville where they open their first first store which was called 5& 10 on the downtown square. During 1962 Sam Walton open his first Wal-Mart in Rogers, Arkansas. This happened when grocery stores were becoming popular and Mr. Walton wanted to take advantage of the opportunity so he decided to follow Kmart and Target. Today Walmart has over 8,500 stores in 55 different countries having more than 1.4 million employees. Walmart has built its empire of being a store who offers everything from a vision store, pharmacies, haircuts, groceries, crafts, clothing, electronics, house wares, and gas station not only that Walmart also became partners with McDonald s. Walmart s organizational structure contains of a divisional structure, this structure has three different categories which are product structure, market structure, and geographic structure. Apparently Walmart 's organizational structure has been working for the reason that it continues to grow. It is clear only by the results of the amount of revenue generated each year, their marketing strategy and the amount of new stores they open yearly.
Walmart vs. Target & Kmart
Walt mart structure contains a board of directors and lower directors as senior management. This kind of structure is vertical. The board of directors consists of 17 members, including the chairman Rob Walton. Target is another store that also has vertical structure having 12 board of directors. In the other hand Kmart is on a smaller level owed to recent financial and restructuring of their organization.
Target



References: History Timeline. (© 2012 Wal-Mart Stores, Inc.). Retrieved from http://corporate.walmart.com/our-story/heritage/history-timeline Sam Walton. (© 2012 Wal-Mart Stores, Inc). Retrieved from http://corporate.walmart.com/our-story/heritage/sam-walton history . (© 2013 Target Brands, Inc. Target, the Bullseye Design and Bullseye Dog are trademarks of Target Brands,Inc.). Retrieved from https://corporate.target.com/about/history Sears Holding Corporation . (©2013 Sears Brands, LLC). Retrieved from http://www.searsholdings.com/about/recognition/ Guyhto,, A. (Copyright © 2013 Yahoo! Inc. All rights reserved). Wal-mart Vs. Target. Retrieved from http://voices.yahoo.com/wal-mart-vs-target-109040.html?cat=46

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