Operation strategy of Wal-Mart

Operation strategy of Wal-Mart

Background

Sam Walton, a visionary leader, is credited with starting a company and transforming it into a trailblazer in discounting retailing that it has become. For thirty years, Sam’s savvy, and at time, unusual, business practices guided the company through thick and thin. Today, several years after the death of this business magnate, the company is still on an upward movement. Wal-Mart management still continues to seek inspiration from Sam through relying on many of his philosophies and traditional goals that his legacy left, while at the same time keeping a step ahead of the ever changing methods and technology of today’s business environment (Vance & Scott, 1995, Pp. 23). This therefore means that just like any other organizations in this century, Wal-Mart has faced, and continues to face, significant challenges and controversies over a number of issues, however not a single of them has succeeded in even scraping the exterior of this great operation. As for the future, there is not doubt that Wal-Mart’s future will be one great period for this gigantic operation, this is especially if it will manage striking a comfortable balance between recognizing it social and also ethical responsibilities and maximizing profits (Vance & Scott, 1995, Pp. 23). The question that comes top many people‘s mind when they hear of Wal-Mart is what is the secret of its huge success and whether it has anything to do with it business strategy or its implementation. The simply answer is definitely ‘yes’.

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