Topic > Wal Mart History and Strategy - 1440

IntroductionSam Walton Founder of Wal-Mart graduated from the University of Missouri in 1940 with the aspiration of all graduates to go to work for a good company and earn good money doing so . After being drafted into the war, he returned ready and willing to start his own business. He was a fast learner and with great instinct he learned from the successes of other retailers and was skilled at gathering ideas for improvements from employees and he promptly took those ideas and created his own low-price retail store called Wal-Mart. The company has grown and Sam has proven to be a visionary and effective leader. His folksy demeanor and talent for motivating people, combined with a very hands-on management style and an obvious talent for discount retailing, have produced a culture and set of values ​​and beliefs that have kept Wal-Mart on a path of continuous innovation and rapid expansion. Wal-Mart emerged as the leading discount retailer in the United States in the 1980s, everyone knew Sam Walton. He was a man with a community spirit, concerned about his employees, but also a devoted family man who embodied the American dream and demonstrated the virtues of hard work. Sam Walton's vision before his death in 1992 was to become a $125 billion company by 2000, but his predecessor David. D. Glass not only exceeded its two-year target, but also increased revenue from $20.6 billion to $165 billion. When David Glass retired in 2000, H. Lee Scott took over his reign and continued Wal-Mart's dominance and growth with $100 billion in revenue matching its growth for the first 35 years. SWOT Analysis Wal-Mart's greatest strength since its inception in 1969 until today has been the vision and dedication of top management CEO David Glass and current CEO H. Lee Scott and no one can deny Sam Walton the founder for his great vision which he made crystal clear. From the founding to today, Wal-Mart's top management has strived to find better ways to bring Wal-Mart to today's level and keep it at the top of all retailers and companies around the world. Wal-Mart's biggest strength after its management is its size, which management has helped it grow with increased sales and net profit since 1993. The way they have implemented the The sector's strategic strength is first and foremost creating more sales points to reach all markets and segments of people.