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-Wal-Mart A Thriving Company Wal-Mart started with a vision by Sam Walton He wanted to build a company that both cared for people and would make some money With his timely thinking he and his partners built a company that has not slowed down While staying one step ahead of the ever-changing technology and methods of todays fast paced business environment Wal-Mart executives still rely on many of the traditional goals and philosophies that Sam embroyded on his company The company has faced and is still facing a significant amount of controversy however these have not contributed to any kind of downfall within the company The future of Wal-Mart looks extremely profitable especially if they continue to increase its profits and rely on the beliefs that got them to the point they are at In 1962 Sam Walton opened the first Wal-Mart store in Rogers Arkansas Wal-Mart was at one time included in Fortunes list of the 10 most admired corporations The Wal-Mart Philosophy-Wal-Mart is successful not only because it makes sound strategic management decisions but also for its innovative implementation of those strategic decisions Walton had a reputation for caring about his customers his employees and his community Walton believed in three guiding principals which where the mission of the company 1 Customer value and service 2 Partnership with his associates 3 Community involvement Store Wars The word Always can be seen in virtually all of Wal-Marts advertisements Walton believed that the customer was always right and his stores are still driven by this philosophy When he was questioned about the success of Wal-Mart Walton has been quoted by saying It has to do with our desire to exceed our customers expectations every hour of every day McGraw-Hill Primis Custom Publishing Another reason that Walton was so successful was because he believed in listening to his employees At each of the Wal-Mart stores signs are displayed which read Our People Make the
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