Walmart Research Paper Example | Topics and Well Written Essays - 1250 words

Walmart - Research Paper ExampleA progress in parsimony is achieved only when in that respect is an uninterrupted production and consumption tycoon. The growing population has made sure that the latter(prenominal) is always satisfied. It is the productivity that has a volatile quality attached to it. Productivity is one major force that can push the economic prosperity of any country, provided the workers and producers work towards the development of quality and cost-effective products. In the current scenario, with economic exploitation and commercialization spreading across at a rapid rate, there is an opportunity for e realone to compete in an equal environment. To be on contribute of such an environment, for more than terzetto decades, it must take a great deal of effort and commitment. In this case, all those terms that make and celebrate success can only be associated with Wal-Mart, the worlds leading super-market. Be it in pricing of the products, implementation of lates t technology to manage inventories or in guest satisfaction, Wal-Mart has always succeeded in achieving the best. The have become the largest employer in private category and have an offstanding record of having 8 out of every 10 Americans to be their customers. It has always been the case where they set the benchmark for the successful running of a private organization, and always, other competitors have followed their footsteps. Wal-Mart How it began It all started, when a small time business man, Sam Walton, resolute to start an innovative grocery store, innovative not by its design but by the bargainer of its working. When every other grocery store owner was trying to pocket the maximum discount got from providers end, Walton decided to give it to the consumer itself. The rule behind that being, less terms means less winnings and more sales but, more sales guarantees a consistent profit. It was an instant success and riding on it, Walton went on to open Wal-Mart, his fir st of the many grocery stores, in the year 1962. (Frank, 2011) Strategies of Wal-Mart Living a very modest life, Sam Walton was extremely frugal in his expenses. His mode of living helped him to focus on the principle of selling quality goods at low cost so that people get benefitted for each of their shillings they spend. The accompany still continues to work on this principle and continues to reap success. (Frank, 2011) The strategies of the organization are based on the motives assumption below To be on top of the retail market ladder in each of their section location By covering the size of each store and selling every product at a cost comparatively lower to their competitors and by expanding their volume of sales, they have managed to achieve being a top company in retail market. To have a global expansion They have sustained their agency by expanding globally. They have withal spread their bases in eastern countries standardised China and India and have also made effor ts to open outlets in developing countries. As a proof of their global expansion, they have most 2 million employees working in the organization, with 27 brands of Wal-Mart products and around 8000 retail outlets spread out in 15 countries. In 2009 alone, they have spent more than 4 billion to expand their outlets. (Densley, 2010) To improve customer satisfaction by developing a sense of trust about Wal-Mart They aim to achieve domineering quality with the products they sell through their brand name and provide the same at the lowest price possible. To improve the satisfaction of the customers, Wal-Mart has even made partnerships with other businesses like the food stores (e.g. McDonalds) and hang-out stores to allow them to keep a branch within their outlet. This helped the customers to have a feel of a complete and happy shopping experience. To expand business in other commercial product sectors. In the recent years, Wal-Mart has successfully ventured into new sectors like the p harmacy market, auto-markets, electronic products etc. They have maintained their