Organizing Paper

Organizing Paper

Wendy L. Coghill

University of Phoenix

MGT/330

June 2, 2013

Instructor Stewart Edinger

Organizing Paper

In an article found on a website called regaindemocracy.org, A Brief History of Wal-Mart by author T.A. Franks, it says “In the late 1940s, when Sam Walton was franchising a Ben Franklin’s variety store in Newport, Ark., he had a simple but momentous idea. Like any retailer, Walton was always looking for deals from suppliers. Typically, though, a retailer who managed to get a bargain from a wholesaler would leave his store prices unchanged and pocket the extra money. Walton, by contrast, realized he could do better by passing on the savings to his customers and earning his profits through volume.

Having this vision would create a foundation of Walton’s business stratagem when he started Wal-Mart in 1962” (Frank, 2006). Trusting in his vision with his wife Sam gathered the money essential to open the first Wal-Mart in Rogers, Arkansas in 1962. As time progressed, Sam Walton was able to have 15 stores in 1972; however, after Wal-Mart went public by the end of the decade Sam already own 276 stores in 11 different states. By 1989 Sam owned more than 1, 400 Wal-Mart stores, and was making over $ 1 billion in profits. In the present there are Wal-Mart stores in 14 different countries and is making over $ 26 billion revenues while employing around 2.1 million people. The only way in which Wal-Mart was able to do this is by organizing its structure and merging its assets to maximize its full potential (Wal-Mart, 2009)

Physical Assets

With close to 20,000 stores all around the World, Wal-Mart as of early 2013, Wal-Mart Corporation has many physical assets, including photo studios, vision and eyewear centers, hair salons, pharmacies, Neighborhood Markets, and Tire and Lube Centers, as well as gas stations. The numerous consumer goods and services that Wal-Mart offers which are purchased are normally low in prices, are what keep other...