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Wal-Mart Corporation: Company Analysis
Finance & Accounting
Pages 11 (2761 words)
Wal-Mart: Company Analysis (Name) (Tutor’s Name) (Date) Executive Summary The process of organizational assessment benefits a business concern to identify its strengths and weaknesses and thereby improve its operational efficiency. An organizational assessment is mainly performed to point out any issue/issues that can have potential impact on the firm’s operational performance.
From this assessment study, environmental safety has been identified as the most potential impediment to Walmart’s growth. Since people today give great emphasis to ecological sustainability, they are less likely to compromise with environmental safety. Introduction Wal-Mart is a US based multinational corporation operating under the retail industry, and it runs a network of huge discount stores and warehouse stores across the globe. The company was founded in 1962 by Sam Walton. As Frank (2006) describes, since Walton could neither renew the lease nor find a new location, he opened a new franchise in Bentonville under the name ‘Walton’s Five and Dime’. The company opened its first Walmart Discount City store in Rogers in 1962 and subsequently expanded across Arkansas over the next five years. In 1968, the firm opened its stores in Missouri, Sikeston, and Oklahoma. On 31st October 1969, the organization was incorporated as Wal-Mart Stores, Inc. In 1970, the company started its operations as a publicly held company and it was subsequently listed on the New York Stock Exchange. The company opened its first Walmart Supercenter in Washington in 1988 (Frank, 2006). ...
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