Topic > Wal-Mart Corporate Report - 1797

IndexSUMMARY 1COMPANY HISTORY 2COMPANY DESCRIPTION 4PRODUCTS AND SERVICES 4BUSINESS METHODS 5FINANCIAL ANALYSIS 6COMPETITIVE ANALYSIS 7CONCLUSION 8Works Cited 9SUMMARYThe purpose of this corporate report is to become familiar with Wal-Mart and learn about the different aspects that make Wal-Mart -Mart a successful company. This report provides an in-depth analysis of the company's history, services and products provided, business philosophy, business methods, organizational structure, and financial and competitive analysis. Wal-Mart is a well-known company. Although Wal-Mart was originally just a retail outlet, this company has extended its reach to much broader service and product areas, including tire stores, photography stores, and pharmacies. These results show that the company is doing very well. The financial statements look good and the company is profitable considering industry averages. Therefore, investors are advised to consider this company for their investment portfolio. COMPANY HISTORY The first Wal-Mart store opened in Rogers, Arkansas in 1962. Wal-Mart's founder is a late 1940s retailer named Sam Walton. Walton was said to be a cheap man and to cut corners and save money wherever possible. Thus was born his idea to pass on the savings to the customer. He knew he could save money like other retailers by making deals with suppliers, but he also knew that if people could experience the savings more directly, sales volume would increase and he could still make a profit. Walton wanted to earn his profits through volume. And it hasn't just...... middle of paper ...... been a sustainable force in the retail industry as it will continue to be for the foreseeable future. Works Cited References: Datamonitor. Wal-Mart Stores Inc., Company Profile. Reference Code: 1935 Published November 2006www.datamonitor.comFrank, TA “A Brief History of Wal-Mart.” Washington Monthly. April 1, 2006. Date accessed: February 17, 2007. http://www.corpwatch.org/article.php?id=13796 Waddoups, Jeffrey C. “Public Subsidies for Low-Wage Employment: The Case of Health Care not compensated". Journal of economic issues. September 2006. v.4 i.3 p.813 “Wal-Mart Stores, Inc. – Key Statistics.” Yahoo Finance. 2007.http://finance.yahoo.com/q/ks?s=WMT"Wal-Mart Stores, Inc.: Insights and Related Industry Insights from Hoovers." Hoover. Accessed 02/03/2007.http://hoovers.com/wal-mart/--ID_11600--/free-co-factsheet.xhtml