It has Discount Stores, Supercenters (for one-stop shopping), and Neighborhood Markets (convenience stores). It also operates Sam's Club, America's leading members-only warehouse club (Our Retail Divisions 2007).
Being the leader not just in a particular industry but to the whole business world as a whole in terms of revenues is a result of effective policies, plans, and strategies against its competitors. In case of Wal-Mart, their competitive advantage lies on how well and effective they make their principles into reality. Wal-Mart considers its corporate culture as one of the keys for its outstanding success. Walton was able instill his inspiring and motivating beliefs and principles that is being abided and taken by heart by his employees then, until now. Wal-Mart has retained the culture based on tested principles for a successful business and life (The Wal-Mart Culture 2007).
The cornerstones by which Wal-Mart stands on are its Three Basic Beliefs. These three main thrust play an important role in decision making and other activities the company does. They are also the standards by which the accomplishments and performances of individual personnel or of the entire organization is measured.
Respect the Individual - Wal-Mart believes that they are a group of dedicated, hardworking ...Show more