Wal-Mart Stores (WMT) Founders Facts and Trivia:
On May 9, 1950, Sam Walton opened up Walton's 5&10 in Bentonville, Arkansas. The first store with the Wal-Mart name was opened in 1962 in Rogers, AR, financed 95% by Sam Walton himself.
Wal-Mart's Headquarters:
The corporate headquarters of the world's largest retail company, Wal-Mart, are located in Bentonville, AR, where founder Sam Walton started it all.
The Mission Statement and Purpose of Wal-Mart (WMT)
Wal-Mart's advertised mission statement and its advertising slogan are the same:
"We save people money so they can live better."
In addition to this mission statement, the company looks to its founder, Sam Walton for a company "purpose":
“If we work together, we’ll lower the cost of living for everyone…we’ll give the world an opportunity to see what it’s like to save and have a better life.”
In order to fulfill its mission, Wal-Mart has developed some unique, policies, principles, rules, processes and procedures, the sum total of which form the Wal-Mart stores corporate culture:
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On May 9, 1950, Sam Walton opened up Walton's 5&10 in Bentonville, Arkansas. The first store with the Wal-Mart name was opened in 1962 in Rogers, AR, financed 95% by Sam Walton himself.
Wal-Mart's Headquarters:
The corporate headquarters of the world's largest retail company, Wal-Mart, are located in Bentonville, AR, where founder Sam Walton started it all.
The Mission Statement and Purpose of Wal-Mart (WMT)
Wal-Mart's advertised mission statement and its advertising slogan are the same:
"We save people money so they can live better."
In addition to this mission statement, the company looks to its founder, Sam Walton for a company "purpose":
“If we work together, we’ll lower the cost of living for everyone…we’ll give the world an opportunity to see what it’s like to save and have a better life.”
In order to fulfill its mission, Wal-Mart has developed some unique, policies, principles, rules, processes and procedures, the sum total of which form the Wal-Mart stores corporate culture:
- Open Door Policy - Managers' doors are open to employees at all levels
- Sundown Rule - Answering employee, customer, and supplier questions on the same day the questions are received
- Grass Roots Process - Capturing suggestions and ideas from the sales floor and front lines
- 3 Basic Beliefs & Values - Respect for the Individual, Service to our Customers, Striving for Excellence
- 10-Foot Rule - Making eye contact, greeting, and offering help to customers who come within 10 feet
- Servant Leadership - Leaders are in service to their team
- Wal-Mart Cheer - An actual structured chant that was created by founder Sam Walton to lift morale every morning
- Complete List of Discount Store Mission Statements
- Gallery of All Retail Company Mission Statements
- Oldest Retail Companies in the U.S. - Founding Dates
- Headquarters and Management Jobs in the U.S. Retail Industry
- Wal-Mart Research - Jobs, Politics, Sales, and Trends
- Expert Analysis of Wal-Mart's U.S. Sales Declines
- Wal-Mart and Customer Lawsuits Across America
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