Wal-Mart’s Midlife Crisis Case Study Denika Smith MGT 704 – Marketing Management May 1‚ 2014 Wal-Mart’s philosophy‚ put in place by founder Sam Walton‚ was to offer the lowest prices to its customers and help them save money and live better. Their approach for keeping their costs down‚ however‚ is not very employee friendly. They limit spending by managers and keep low wages for its associates. Many businesses‚ like Wal-Mart‚ sometimes forget that one of their most valuable sources of
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meaningful financial statements‚ including the Statement of Owners Equity‚ Income Statement‚ and Balance Sheet. These statements were obtained through 10-K statements available on walmart.com and target.com. In comparing the statements of these companies‚ Wal-Mart and Target both provide multi-step Statements of Operations‚ which include the current and previous 2 years financial information. Selected Data from Statement of Operations (Dollars in Millions) Wal-Mart (2002) Wal-Mart (2001) Wal-Mart
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shopping industry by opening stores in small towns where the population could buy everything they wanted at one place. Becoming the worldwide leader in sales for all companies does not happen without strong competitive advantages. Once Wal-Mart establishes itself in these small towns‚ they have taken over the demographic. All potential customers’ needs are fulfilled and competition is shut out. With the massive size of supply chain demanded to service thousands of stores‚
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II. Walmart is good A. Walmart can be good. Opening stores where there’s nothing can help a town. An example is Oakland; this town was on its edge of becoming a ghost town‚ until Walmart came to town. “I think this is a benefit because there was nothing out here‚” (Mike Breuner‚ of Oakland.) Robert Turner‚ from Oakland agreed. “I think this is just great‚ out here‚ where people are struggling to find work‚ a job at walmart is better than no job at
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products and services. Walmart was founded in 1962‚ with the opening of its first store in Rogers Arkansas. In 1969 the company was incorporated as Wal-Mart Stores Incorporated. In 1970 the company was floated on the New York Stock exchange. By 1980 the company had 276 stores in 11 states under the Wal-Mart banner. The first store that was opened outside of the USA was near Mexico City in 1991. This signalled the start of Wal-Mart being an international company. Currently Wal-Mart operates
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Analysis and Recommendations Introduction – Wal-Mart‚ founded by Sam Walton in 1962‚ is one of the world largest companies by market capitalization and number of people employed and touching millions of customers everyday. There are more than 7‚800 Wal-Mart stores and Sam’s Club locations in 16 markets worldwide and there are more than 2 million associates serving more than 100 million customers per year (About Us‚ n.d.) It is the largest grocery retailer in the United States with an estimated
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One SCM Supply chain Procurement Company Operations Enablers Accountability for all strategic category activities related to suppliers‚ saving and trading operations Accountability for all overall operational effectiveness of supply chain across categories‚ procurement company and operations Local accountability for stakeholder management and commercial savings realization in Local Markets The supply chain journey continues with 6 area of focus: 1) People: organization‚ skills‚ career
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-------------------------------------INDIVIDUAL ASSIGNMENT FALL 2014 CASE STUDY: HOW WALMART USES EC IN ITS SUPPLY CHAIN Student Name Student Code Class Words Count : Nguyen Van Tuan : BA00286 : SB0703 : 918 1 Contents 1. Executive summary .........................................................................................................3 2. Case summary ....................................................................................................................3 2.1. Company background ................................
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“Cons of Wal-Mart” Wal-Mart is a company that is well known for destroying small towns and small businesses. There are some skeptics that would say that they provide jobs for the area‚ but they really do not look at the picture as to how many jobs they take away. Bringing in minimum wage jobs and taking out businesses that have been around for decades is a big downer‚ especially for someone like me that supports small business owners to the fullest. Wal-Mart has to be one of the worst places
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Businesses such as Lowe’s Inc. rely on the “capital budget process” or that which is referred to as “strategic planning” (Keown‚ et al. 2005). The Chief Executive Officer is the corporate officer who is usually responsible for administering corporate strategic planning‚ financial planning or the company’s cash flow (Keown‚ et al.‚ 2005). Part of the strategy of Lowe’s Inc. being a successful business‚ considering the current economic downturn is the company’s belief that the “key to success in difficult
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