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Which one of these descriptions represents Wal-Mart one might ask? Both of them do. And so goes the long-standing argument: does Wal-Mart stimulate an economy or retard it? Does Wal-Mart produce jobs or force jobs overseas? Does Wal-Mart really save the consumer money or are we really just “shopping ourselves out of jobs” as one supplier suggested?
Background on Wal-Mart
According to Sam Walton, the founder of Wal-Mart, “the secret of successful retailing is to give your customers what they want” (Walton, 1993). By focusing on the customer, Wal-Mart grew nearly exponentially. While Walton was only able to raise enough funds to build fifteen stores in the 1960s, the company had 276 by the end of the 1970s (“The Wal-Mart story,” 2006)...
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Common topics in this essay:
- Wal-Mart Company
- Is Wal-Mart An Ethical Company?
- Is Wal-Mart Bad for America?
- Is Wal-mart Good For The Economy?
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- Wal Mart Company Overview
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- Wal-Mart Stores, Inc.: On Becoming the World's Largest Company (2002)
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