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Wal-Mart was ranked number one on the Fortune 500 list in 2007 with $351,139 revenues, an 11.2% increase since 2005 (e.g., Cable News Network, 2007).
Wal-Mart provides "one stop family shopping"; combining groceries and general merchandise departments. Wal-Mart is known for their competitive prices and management strategies they employ. The company has three basic beliefs or philosophies Sam Walton built the company on: respect for the individual, service to our customers, and strive for excellence. (e.g., Wal-Mart, 2007)
Wal-Mart's stakeholders are the stockholders, Wal-Mart executives, employees, communities where Wal-Mart is located, consumers, and nonprofit organizations in which Wal-Mart donates...
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