Speaking of the Wal-Mart Stores as a retailer company, it takes the leading positions in the world. Offering a wide range of goods, the company is in the retail trade industry. The Internet marketing and the stores all over the world make Wal-Mart a leader in the industry in all activities. The company has knocked Exxon Mobil from top 1 position in the FORTUNE 500 and has occupied its place there. More and more Wal-Mart Stores open every day in different parts of the world. Wal-Mart Store works for its customers, therefore, it tries to place its departments in the most distant parts in the world. The company industry is easy to identify as selling products to its customers Wal-Mart Stores deals with retail trading without offering wholesale opportunities. A recently opened Internet Wal-Mart Store supports the choice of the industry. Wal-Mart Stores offers various goods presented by differed brands. The range of goods starts with products and ends with various clothes and dishes. The Wal-Mart Stores may be big where all the possible products are available and smaller with grocery direction.
What is your company’s mission statement? Does the mission statement incorporate its brands or industry into the mission statement? If your company does not have a mission statement, should it develop one? Why?
Wal-Mart Stores’ mission statement is directed at people, saving money, and a better life. Serving people, the Wal-Mart does it with care making sure that all customers’ needs are satisfied. Being the largest retailer, Wal-Mart Stores can reduce prices of some foods as the procurement the company does is greater and it affects the initial price. Therefore, buying products with the Wal-Mart Stores people can save and the organization cares for this. Finally, the Wal-Mart Stores makes the lives of people better as they are bothered to make all the necessary products people may need available in one and the same place. Thus, the mission statement of the Wal-Mart Stores is selling products for people giving them an opportunity to save money for better life. All the brands and other industries involved in the organization support this statement. The Wal-Mart Stores organization works only with the trusted companies which offer top quality products. A mission statement is an important component of company functioning. Organizing its business, each corporation cares for personal benefit, and the absence of the mission statement makes it the company for the owner. A mission statement shows that the organization works for people and in case the Wal-Mart Stores did not have a mission statement it would have to develop the one.
Explain why you found the selected company interesting.
The Wal-Mart Stores is the company which deserves attention. Being founded in 1962 by Sam Walton the corporation remains the leader in its industry. Serving people by means of selling top quality goods, The Wal-Mart Stores Company is one of the leaders in employment that makes it economically active and supportive. The range of products offered by the company has increased with the Internet Wal-Mart Store presentation. Working for people, the Wal-Mart Stores tries to improve their lives in all spheres. Apparel, baby, beauty, books, electronics, grocery, health, home, jewelry, movies, music, pets, photo, sports & fitness, toys, and video games are the departments available with the Wal-Mart Stores. Having the greater range for chose between brands, the company is to be examined from different perspectives to understand the means of company success to use its strategies for achieving success in other industries as working for people should be the main priority of all corporations in various industries.
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