Is Wal-mart Too Big to Fail?

Phrases that are too big to fail today appear frequently in media and politics. It is too big to fail. If failures never occur, capitalism can bring success. The more assets of a company, the more likely it is to contribute to that community. This achievement also enables companies to bring prosperity to other parts of the world. Some say that Wal - Mart is too big to shut down the door to small and medium - sized enterprises, but capitalism needs to choose and compete in order to succeed. Profitability is the top priority of the company's agenda, but there is room for meeting the needs of the community.

Wal-Mart is not a profit to consumers, it is often said to be an evil big company that gets injured. But the logic behind this discussion is flawed. Large enterprises such as Wal-Mart exist only when meeting the needs of consumers. Because consumers do not purchase products, they go bankrupt. Consumers voluntarily choose to shop at Walmart. No one has been forced to purchase goods from Wal-Mart by consumers. Customers benefit from buying groceries and other household goods so customers choose to trade with Wal-Mart. Wal-Mart's motto "Always Low Price, Always" represents the profits that consumers get from Wal-Mart shopping. In addition to its lower regular price than competitors, Wal-Mart also offers a variety of products for consumers.

According to Wal-Mart's 2008 article by Wal-Mart and online reprint of free patents, the emergence of Wal-Mart as a large retailer changed the retail industry in the United States. Large retailers usually have more than 50,000 square feet of stores. This type of shop is standard, there is a one-story building without large windows. Several other major retailers such as Toys "R" Us, Best Buy, Lowe's, Home Depot, etc. cause Wal-Mart competition in specialized fields such as toys and home appliances. However, Wal-Mart stands out as a large retailer of perennial products. The benefit of Wal-Mart is outweighed by small retailers due to the condition of its huge box. Annual sales in 2013 slightly exceeded $ 473 billion, an increase of 1.4% over the previous year. Wal-Mart maintains its position as a leading retailer by pursuing profits from many low-priced products

Wal-Mart was founded in 1962 by Sam Walton and the first store was in Rogers, Arkansas. In 1970, Wal-Mart was listed and accelerated the growth of the company. The next important step of Walmart is automation, introducing an advanced information system to shorten transportation time, keep track of inventory, speed up checkout, and speed up sorting. In 1983, Wal-Mart opened Sam's Clubs and entered the warehousing industry. Wal-Mart also began developing Super Center; the Super Center offers the full range of the same products as traditional Wal-Mart food items. By 1998, Wal-Mart grew into the world's largest retailer with 1,869 discount stores, 564 super centers, 451 Sam clubs, and 600 foreign stores.