Walmart Economic Forces Essay

1312 Words Apr 21st, 2012 6 Pages
Introduction: Wal-Mart is sitting at number one on the Global Fortune 500 list. Sam Walton would never have thought that his creation of Wal-Mart in 1962 would lead to a global dynasty. By 1972 Wal-Mart went public which gave an infusion of money and capital for Mr. Walton that gave them 276 stores by 1980. In the mid 80's Wal-Mart expanded to having member only warehouse stores, Sam's Club. From there Wal-Mart opened supercenters that included full grocery and 36 departments of regular merchandise. By the end of the 1980's there were 1,402 stores and 123 Sam's Clubs (Wal-Mart corporate 2012).
Recent and Current Operations: Wal-Mart is one of the most successful retailers in the world (Wal-Mart corporate 2012). Currently, there
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Continuing to predict what communities, people, employees, states, and countries need and want will continue to leave Wal-Mart at the top of the rankings. Wal-Mart executives have continually planned where they will expand, how they will survive the changes in economy, and what they can give back to the communities. It is proven that the retailer needs to continue along this path but also be able to make any necessary adjustments that might come along. Executives can set down a plan, they can predict but they know that there are always things that can change those plans and predictions. Like anything, one must be able to adjust if something were to happen. Therefore, there must always be the space for adjustments. With a company that is globally there must be adjustments for particular laws and differences in cultures. Wal-Mart has put all of their clean and dirty laundry out for the public to see. They welcome input so they may adapt to a particular situation. With that said, welcome to another viewpoint of Wal-Mart.

References:
McConnell, C. R., Brue, S. L., & Flynn, S. M. (2009). Economics (18th ed.). New York, NY: McGraw-Hill/Irwin.

Suttle, R. (2012). What drives companies to a higher level of social responsibility in marketing?. Retrieved February 20, 2012 from http://smallbusiness.chron.com/drives-companies-higher-level-social-responsibility-marketing-33290.html
Political forces.

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