Analysis of Wal-Mart Organization Essay Example | Topics and Well Written Essays - 1250 words

Analysis of Wal-Mart Organization - Essay guinea pigThese numbers were hardly predictable from Wal-Marts humble beginnings in 1962, when it was founded by entrepreneur Sam Walton. Walton overt a store c all in alled the Wal-Mart Discount City in Rogers, Arkansas (Frank, 2006). However, within five years, the company unfastened up an additional 23 stores doneout the state of Arkansas. By 1968, the stores had moved out of state to minute and Oklahoma. From there, Walton incorporated his business as Wal-Mart Stores, which still serves as the companys namesake, and in 1970, the company went mankind (Frank, 2006). Despite Wal-Marts tremendous growth since its inception in Rogers, Arkansas, the company maintains that it is committed to the same set and purpose that Sam Walton believed in when he opened his first location. Wal-Mart claims to abide by Waltons credo, which is, If we devise together, well lower the cost of living for everyone well give the world an opportunity to see wh at its like to lighten and have a better life (Walmart). This focus on lowering the cost of living for all people, with equal economic access to the companys products as a means to improving the musical note of life represents a significant part of the companys mission. Saving people money to attend to them live better was the goal that Sam Walton envisioned when he opened the doors to the first Walmart (Walmart). ... Food prices argon nearly 14% lower in markets where Wal-Mart competes, which means that it is employing its cost leadership in a counseling that is detrimental to other food suppliers who cannot meet the price offerings of Wal-Mart. Because Wal-Mart is special in its ability to use its biggish buying power to negotiate deals and acquire cheaply-produced goods from foreign countries, its cost leadership is a core competency. Wal-Mart owns a sizable 30% of the consumer staples market in the United States (Hwang, 2003). Another core competency of Wal-Mart is its use of breeding applied science in support of its international logistics system (Marketing Teacher, 2011). Wal-Mart is special because, for the most part, it is the only multinational retailer based out of the United States. In order to manage the efficient allocation of resources within the organization, Wal-Mart recognizes the fill to supply its leaders with the right information in order to make competent decisions. By leverage information technology, it can measure how individual products perform in different countries with a single glance. This technology also adds value to the process of procurement, which is the process of obtaining goods and services from preparation and processing of a requisition through to receipt and approval of the invoice for payment. In terms of weaknesses, Wal-Mart is a very broad company with a wide variety of interests throughout a vast number of small community markets. Within those stores, Wal-Mart offers a wide range of products, which includes groceries, car services, sports equipment, and so on. Despite providing convenience to its customers, this broadness holds