Wal-Mart is known worldwide as a major retailer, offering an endless supply of merchandise to the more than 138 million customers that visit its stores each week. (Real Estate According to Wal-Mart,2006) Walmart has become a major part of everyday life throughout the world and its slogan of “We save people money so they can live better” has been its catch all phrase to attract customers worldwide. The purpose of this paper is to show how Walmart has grown over the years, but still lacks the total rewards for its employees to succeed and bring customers that better life.
The largest discount retailer in the world. The company started out as a small chain of stores in rural towns. The store chain was founded …show more content…
Companies define core competencies from an organizational standpoint, as well as from a recruitment perspective. Organizational core competencies have a wide variation, depending on company size, industry, human capital and business operations. Walmart’s core competencies are buying power, supply chain management and logistical superiority. These core competencies allow Walmart to sell their goods at lower prices than many of their competitors. Wal-Mart received the top spot on the Fortune 500 list in 2014. According to Fortune, Walmart’s sales for the 2014 fiscal year were 473.1 billion dollars (Wal-Mart Stores, 2014). How Stuff Works reports that one of the reasons Walmart is so successful is because of its highly efficient supply chain. Walmart had an influential role in establishing the universal bar code. The company has effectively used the information from this bar code to improve their inventory management and streamline their supply chain. Additionally, Walmart’s tremendous size and purchasing power also give it tremendous leverage when it comes to negotiating prices with its