Sociocultural Trend

A transnational corporation is a firm that has the power to co-ordinate and control operations in more than one country, even if it does not own them.” (P Dicken). A transnational company that will be talked about is Wal-Mart. The company was founded by Sam Walton in 1962, incorporated on October 31, 1969, and publicly traded on the New York Stock Exchange in 1972. It is headquartered in Bentonville, Arkansas. Walmart is also the largest grocery retailer in the United States. The company operates under the Walmart name in the United States, including the 50 states and Puerto Rico. It operates in Mexico as Walmex, in the United Kingdom as Asda, in Japan as Seiyu, and in India as Best Price.

Today, Wal-Mart is one of most well-known brands in the world it is ranked 5th in the world by (http://brandirectory.com/league_tables/table/global-500-2013). It has continued to gain momentum and growth, Wal-Mart is virtually the poster child of corporate globalization. With over 8,500 stores in 15 countries, one can say that the company has a large hand in all kinds of industry. The huge impact this company has had on the world throughout its history has had many positive and negative effects. Within about fifteen years since its creation, the company reached one billion dollars in sales in a shorter amount of time than any other company before it in 1980 this backed by (http://corporate.walmart.com/our-story/heritage/history-timeline).