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Sam Walton a leader with an innovative vision started his own company and made it into the leader in discount retailing that it is today Through his savvy and sometimes unusual business practices he and his associates led the company forward for thirty years Today four years after his death the company is still growing steadily Wal-Mart executives continue to rely on many of the traditional goals and philosophies that Sams legacy left behind while simultaneously keeping one step ahead of the ever-changing technology and methods of todays fast-paced business environment The organization has faced and is still facing a significant amount of controversy over several different issues however none of these have done much more than scrape the exterior of this gigantic operation The future also looks bright for Wal-Mart especially if it is able to strike a comfortable balance between increasing its profits and recognizing its social and ethical responsibilities Why is Wal-Mart so Successful Is it Good Strategy or Good Strategy Implementation -- In 1962 when Sam Walton opened the first Wal-Mart store in Rogers Arkansas no one could have ever predicted the enormous success this small-town merchant would have Sam Waltons talent for discount retailing not only made Wal-Mart the worlds largest retailer but also the worlds number one retailer in sales Indeed Wal-Mart was named Retailer of the Decade by Discount Store News in 1989 and on several occasions has been included in Fortunes list of the 10 most admired corporations Even with Waltons death after a two-year battle with bone cancer in 1992 Wal-Marts sales continue to grow significantly 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 Regarded by many as the entrepreneur of the century Walton had a reputation for caring about his customers his employees or associates as he referred to them and the community In order to maintain
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