Mgt/521 Management

927 words 4 pages
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James Schlairet
IRN: 9020050249
MGT/521 Management

The company that is listed as number one on the Fortune 500 list is Wal-Mart. This company has much strength that makes it very interesting for investment. Wal-Mart was founded by Sam Walton in the 1950’s and faced competition among many regional discount stores. In 1962 Wal-Mart officially began with its first store in Rogers, Arkansas. Wal-Mart now has over 600 discount stores in the United States and stores located in 28 countries. No matter the size of the company its purpose has not changed over the years. Mr. Sam Walton said, “If we work together, we’ll lower the cost of living for everyone... we’ll give the world an opportunity to see what it’s like to save and have a better …show more content…

These stores have been opened in the state of Arizona in four different cities. Wal-Mart is not only recognizable by name, but has been a company that has received numerous awards over the last several years. These awards range from excellence awards to awards for diversity in the workplace. Wal-Mart has been recognized numerous times for awards representing women from diversity to executives. A list of awards that Wal-Mart has received can be found on their website starting from 2002 to present. Awards such as these show the respect that Wal-Mart has throughout the business world not only in the United States, but also around the world. Sam Walton created a company over 50 years ago that still follows the same values that were established back then. Mr. Walton wanted the company to be known around the world as a company that could save people money so they could live better lives. The company was built on certain values and morals. One value that is followed on a daily basis is respect. Mr. Walton expected that respect would be shown to the customers, suppliers and employees. Mr. Walton felt respect would lead to stronger relationships. These relationships would help while working with the local communities. Wal-Mart serves over 200 million customers a week in their stores in the United States and around the world. These numbers of customers being served reflect what Mr. Walton wanted from his stores

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