Industry Overview Paper: Wal-Mart

In the 1960's, a man named Sam Walton opened a store called Wal-Mart. This first Wal-Mart was built in a small town named Rogers, Arkansas. Walton's idea behind the creation of his new store was that a small town could support a large store. Along with this concept, Walton also believed that selling his goods at a lower price than his competitors could be very advantageous for several reasons. Some of the goods that Wal-Mart …

…different sectors of the marketplace, and they are groceries, gas stations, electronics, and auto maintenance. When it comes to giving back to the community, Wal-Mart's foundation has become very important. In order for Wal-Mart to accomplish their goals and at the same time follow the company strategy, they will have to deal with their stakeholders and when it comes to their reputation they will have too make sure that they are doing the right thing.