Discusses the history and business principles of the Wal-Mart company.
Written in 2004; 3,687 words; 8 sources; MLA; $ 102.95
Paper Summary:
This paper discusses Wal-Mart's history, innovative business principles, and its use of information technology to gain a competitive advantage. The paper also discusses strategies, such as geographic location, inventory management, operations, hub and spoke distribution network, and analyzes the research and development of Wal-Mart's computer system. Also included are conclusions as to why it is considered one of the world's most innovative companies and how Wal-Mart uses R&D money to make it more successful, as well as one of the world's leading discount retail stores.
From the Paper:
"Sam and James Lawrence (Bud) Walton opened the first Wal-Mart store in 1962, in Rogers, Arkansas. Soon after, the chain of Wal-Mart stores spread across America and abroad to become one of the most successful and innovative retail companies in the world. The company offers customers brand name products at low prices and makes a profit that has allowed it to grow and expand at an extraordinary pace over the last forty years. Wal-Mart's success is primarily attributable to the organization's culture, use of information technology, and the philosophies under which they operate. This paper will discuss Wal-Mart's history, innovative business principles, and its use of information technology to gain a competitive advantage. Also included are conclusions as to why it is considered one of the world's most innovative companies."
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