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Walmart Company 2022
- 2. PRESENTED BY Akash.V.A (MBA )student of Jamal Institute of Management
- 3. ABOUT WALMART Purpose Savepeople money so they can live better . Find out what we're passionate about , our strengths , and our reason for being. History Began in 1962 in Rogers , Arkansas . And it's been one incredible journey .
- 4. EXECUTIVE COMMITTEE OFWALMART Doug McMillon President and CEO, Walmart Inc. Dan Bartlett Executive Vice President, Corporate Affairs John David Rainey Executive Vice President and Chief Financial Officer, Walmart Rachel Brand Executive Vice President of Global Governance, Chief Legal Officer and Corporate Secretary
- 5. Company Overview Foundedby Sam Walton in 1962 Incorporated on October 31,1969 Publicly traded on the New York Stock Exchange in 1972 Walmart operates retail stores in various formats across the world .
- 6. HISTORY OF WALMART 1918 : Sam Walton was born in a farmer's family in Kingfisher , Oklahoma . 1940 : He graduated from the University of Missouri . 1950 : Gave up job and opened his first store in Arkansas . 1962 : Walton Brothers opened first Walmart in Arkansas 1970 : Walmart becomes public
- 7. HISTORY OF WALMART 1990 : 1st National retailer 1991 : International Expansion 1993 : Creation of " Great Value " . 2003 : Largest corporation in the world 2012 : 50th Anniversary
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- 9. WALMART VISION ANGMISSION VISION " To be the best retailer in the hearts and minds of consumers and employees . “ MISSION Saving people money so they can live better .
- 10. Business Description Product Service Brand •Dry andwet grocery •Beverages •Frozen food •Walmart • Great value • Sam's choice •Photo processing service •Cellular service plan •Money order
- 11. THE CORPORATE STRATEGY The Corporate Strategy Dominance in the Retail Market Expansion in the U.S. and International Markets Creation of Positive Brand and Company Recognition Branch Out into New Sectors of Retail
- 12. KEY SUCCESS FACTORS 1.Economies of Scale 2. Supply Chain with Integrated Technology 3. Superior Logistics Systems 4. Decentralized Operations 5. Every Day Low Prices
- 13. CRITICISM OF WALMART Oppositionfrom Local Communities : Local communities try to oppose the construction when Walmart plans new store location . Opponents cite concerns such as traffic congestion , environment problems , public safety , absentee landlordism , bad public relations , low wages and benefits etc.
- 14. CRITICISM OF WALMART Employee& Labor Relations: With close to 2.3 million employees worldwide . Walmart has faced a torrent of lawsuits and issues with regards to its workforce . These iss involve low wages , poor working conditions , inadequate health care , as well as issues involving the company's strong anti - union policies .
- 15. WALMART IN INDIA Walmart India Private Limited is a wholly owned subsidiary of Walmart Inc. Walmart India owns and operates 21 Best Price Modern Wholesale stores in 9 states across India The company also operates 1 Fulfillment Centre in India . The first store opened in Amritsar in 2009. Best Price stores , a membership based wholesale store , offers best prices with unmatched convenience , choice , quality and hygiene The mission of Best Price is to " Enable small business to prosper " .
- 16. WALMART IN INDIA Recently Walmart has wrapped up Flipkart acquisition for $ 16 billion , a valuation of over $ 20 billion , which makes it the world's biggest ecommerce deal Walmart will own around 77 per cent of the Bengaluru - based company in what is also being seen as the largest buyout for the US firm . The deal , which will see founder Sachin Bansal exit completely , will now pit US - based giants Walmart and Amazon in the Indian market .
- 17. Thanks for thewonderful opportunity