Wal-Mart Case Study

What are the main elements of the control system created by Sam Walton? Clearly, Sam Walton believes in the importance of the management system within the organization because he has established a specific strategic management system within the company. Walton hopes that everyone in the organization will achieve the goal of Wal-Mart's "Total Customer Satisfaction" and develop a strategic management system accordingly. The control system used in Wal-Mart has a variety of elements: an example of personal control is the presence of stores with poor performance.

To answer the following questions, please refer to the case study provided by Wal-Mart. a) The success of Wal-Mart depends on the ability to offer "always inexpensive" to customers. How will this strategy help maintain the competitive advantage of the industry? Wal-Mart is the cost leader. They are using this versatile strategy to offer lower prices to competitors to maintain the industry's competitive advantage. - In 1962, Wal-Mart opened its first store in Rogers, Arkansas. In 1970, Wal-Mart opened its first distribution center and headquarters in Bentonville, Arkansas, and Wal-Mart was listed on the New York Stock Exchange. Just nine years later, Wal-Mart's annual sales exceeded $ 1 billion. In 1988, the Wal-Mart Super Center opened nationwide. Just three years later, Wal-Mart opened its own store in Mexico City, Mexico, and made Wal-Mart an international company.

This case study is aimed at discussing issues affecting Wal-Mart and its employees, and whether Wal-Mart is an efficient operator or an employer due to an employee's negligence . According to the facts provided in this case study, Wal-Mart is about economic problems. A.K.A Money is their employee and careless employer. When consumers think price is cheap, they usually think of Wal-Mart. Sam Walton, an entrepreneur and founder of Wal-Mart, conceived a society where people can shop at low prices while confirming that all products are manufactured in the United States. His efforts and innovation make discount retailers the world's leading retail chain

Since the discount retail market began in 1962, Wal-Mart has led the retail game. By 1967, a total of 24 Wal-Marts earned $ 12.6 million in revenue. In just seven years, Wal-Mart has expanded to nine states. By 1979, Wal-Mart became the fastest store and sales reached $ 1 billion. In 2005, Wal-Mart had 3,800 domestically and 3,800 stores worldwide, exceeding $ 32.2 billion. As you can see, the Wal-Mart Empire grew into a city with a long history. It will be difficult to enter this market