Wal-Mart Business ReportJoin now to read essay Wal-Mart Business ReportTable of ContentsEXECUTIVE SUMMARYCOMPANY HISTORYBUSINESS DESCRIPTIONPRODUCTS AND SERVICESBUSINESS METHODSFINANCIAL ANALYSISCOMPETITIVE ANALYSISCONCLUSIONWorks CitedEXECUTIVE SUMMARYThe purpose of this business report is to gain familiarity with Wal-Mart and to learn about the different aspects that make Wal-Mart a successful company. This report gives an in-depth analysis of the company history, services and products provided, the company 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 far greater areas of service and products including Tire shops, Photo shops, and Pharmacy’s.
These findings show that the company is doing very well. The financial statements look good and the company is profitable considering the industry averages. Therefore, it is recommended that investors consider this company for their investment portfolio.
COMPANY HISTORYThe first Wal-Mart store opened in Rogers, Arkansas in 1962. The founder of Wal-Mart is a late 1940’s retailer by the name of Sam Walton. Walton was said to be a cheap man, and would cut corners and save money wherever possible. That is how his idea to pass the savings on to the customer came to be. 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 the sales volume would increase and he could still make a profit. Walton wanted to earn his profits through volume. And it didn’t stop at deal making with suppliers and passing it on to customers. There has been plenty of publicity about Wal-Mart wages for cashiers, but even Wal-Mart executives were subjected to the cost-cutting ways of Sam Walton when it came to business trips.
In 1963, Wal-Mart began a new program of working with the American Bar Association (ABA) to educate people about work experience. A successful ABA school was established to educate students and guide them as they explored the various benefits of working in a retail business. The school offered a variety of lessons including: working and giving; starting and ending company relationships; purchasing and dealing merchandises; and the management of operations.
The ABA was founded by Al-Khalifa in Cairo, Egypt, and was established in 1963 or 1964. Al Khalifa was the only Arab company to offer a full-time and full-time college education, with over 50% of people working at the company and many more participating in an annual program including work-study.
After working in this company for 20 years, Al-Khalifa found it very attractive. It was a very different company that would give a good educational experience to people. . But it is important to understand that the best companies in Egypt offer a lot of opportunities for people to learn about working and how to find and make ends meet. In the last five years it has developed a program of training its apprentices, to be developed during school holidays. These programs have already allowed people to learn by starting and saving their own money, thus getting paid. They should be good learning outcomes. Also the skills which they learn will be valuable to other firms, so they will also increase productivity in their business as well.