Wal-Marts Success

Essay by BayoubroncoUniversity, Bachelor'sB+, May 2009

download word file, 3 pages 0.0

MGT 499 Module 1 Case assignment�� PAGE \* MERGEFORMAT �1���


Are Wal-Mart's stated Mission, vision, goals, and objectives aligned with the needs of their stakeholders?

It is clearly obvious that the stated mission, vision, goals and objectives are aligned with the needs of the stakeholders because Wal-Mart was founded on the principles of taking care of people just like the Boeing Company. Boeing is referred to as the People Company and WAL-Mart is no different in that aspect. After all, the people are the stakeholders and their Mission statement says it all; Wal-Mart's mission is to help people live better by saving them money.

The first question we have to ask ourselves as outsiders looking in is this; how did Wal-Mart become so successful? Was it simply due to their employee's hard work or was it due to their values or mission statement? We are stake holders in this company whether we like it or not.

Wal-Mart didn't become the retailer giant that it is over night by accident and it didn't become the largest retailer in the world over night by mere accident, it became who it is simply because of one man, Sam Walton. Through his innovative thinking and strategic planning, it is what it is today! The world's largest retailer was founded on the principles of humanity and instilling pride in the hearts of every American through low prices and great selection.

Saving money is paramount in today's society with the soaring cost at the pumps and the soaring prices of basic commodities. Every American is forced to cut cost and to make ends meet. Fortunately, Wal-Mart is able to fit the needs of most every American in terms of selection and price. Therefore, the values and stated vision of Wal-Mart is surely aligned...