...factor in the survival, development and success of any business” (Premeaux, 2009). In this paper there will be discussions on Walmart strategic initiative program and the effectiveness of it. Walmart is not only a leader in retail but leads concerning energy savings and conservation. Walmart has taken advantage of technology as it relates to renewable and perpetual resources such as the sunlight, solar panels, and wind. Not only does Walmart show that it is environmentally conscience, but also reinforces it is focus on the customer by strengthening productivity and reduce expenses with the “Powered by Walmart” initiative and at the same time to keep providing service for its customers and profits for its shareholder. Initiative Effects on Financial Planning The “Powered by Walmart” is an initiative that Walmart has implemented to reduce the company’s expenses by reviewing their processes and eliminating any unnecessary steps taking place and costs incurred. According to Walmart’s Fourth Quarter Fiscal Year 2012 Earnings Call on February 21, 2012 they expect to maximize their value by balancing global leverage (Walmart Annual Report, 2012). This message also stated that some of these “Powered by Walmart” initiatives had already begun taking place within various stores in the United States and the United Kingdom. Walmart has evaluated the staffing of locations and worked toward making sure that the stores are staffed with the right personnel for...
Words: 1368 - Pages: 6
...This article is published in a peer-reviewed section of the Utrecht Law Review Four Case Studies on Corporate Social Responsibility: Do Conflicts Affect a Company’s Corporate Social Responsibility Policy? Cristina A. Cedillo Torres, Mercedes Garcia-French, Rosemarie Hordijk, Kim Nguyen, Lana Olup* 1. Introduction 1.1. Background and objectives This article will discuss the different Corporate Social Responsibility (CSR) issues that emerged within four multinationals (Apple, Canon, Coca-Cola and Walmart). There is no clear definition of CSR. In Corporate Social Responsibility, Legal and semi-legal frameworks supporting CSR Lambooy gives an r o verview of several definitions of CSR.1 The European Commission defines CSR as ‘the esponsibility of enterprises for their impacts on society’.2 This is the definition which is the most suitable for the c ontext of the article’s research question. As this article will focus on companies from the US and Japan, the authors also provide an overview of the focus on CSR from the US and Japanese perspective. In the US there is no governmental regulation regarding CSR or business best practices. Instead, according to findings from Bennett American, companies have a marked tendency to use codes of conduct.3 The American CSR perspective could be described as following a principles-based approach, with codes of conduct that prescribe values and principles which company members as a whole should aspire to follow. ...
Words: 16555 - Pages: 67
...This article is published in a peer-reviewed section of the Utrecht Law Review Four Case Studies on Corporate Social Responsibility: Do Conflicts Affect a Company’s Corporate Social Responsibility Policy? Cristina A. Cedillo Torres, Mercedes Garcia-French, Rosemarie Hordijk, Kim Nguyen, Lana Olup* 1. Introduction 1.1. Background and objectives This article will discuss the different Corporate Social Responsibility (CSR) issues that emerged within four multinationals (Apple, Canon, Coca-Cola and Walmart). There is no clear definition of CSR. In Corporate Social Responsibility, Legal and semi-legal frameworks supporting CSR Lambooy gives an r o verview of several definitions of CSR.1 The European Commission defines CSR as ‘the esponsibility of enterprises for their impacts on society’.2 This is the definition which is the most suitable for the c ontext of the article’s research question. As this article will focus on companies from the US and Japan, the authors also provide an overview of the focus on CSR from the US and Japanese perspective. In the US there is no governmental regulation regarding CSR or business best practices. Instead, according to findings from Bennett American, companies have a marked tendency to use codes of conduct.3 The American CSR perspective could be described as following a principles-based approach, with codes of conduct that prescribe values and principles which company members as a whole should aspire to follow. ...
Words: 16555 - Pages: 67
...discuss the Walmart Corporation, its role of ethics and compliance, the procedures used to ensure ethical behavior, the processes Walmart uses to comply with SEC regulations, and a review of Walmart’s financial performance over the last two years. Role of Ethics and Compliance of Walmart The Walmart Corporation prides itself on its ethics and compliances to standards and regulations. Walmart shares all of its strategies and performance ratings in its annual reports, news releases, public filings, conference calls, and Internet resources so that all information is readily available to the public and potential and current stockholders. In regard to financial ethics of Walmart, the requirements are that the Chief Executive Officer (CEO) and Senior Financial Officers (SFO) must supply fair, full, understandable, and timely release of financial rankings in the periodic reports, which the Securities and Exchange Commission (SEC) examines. The CEO and SFOs of Walmart are responsible for reporting information that there may be in regard to deficits in operations in specific or general areas that could have a negative impact on the accurate reporting of financial data. Fraud involving associates who may be acting unethically must be brought to the attention of the SFOs, CEO, and any other corporate managers so they follow appropriate disciplinary actions to resolve the issues. The CEO and SFOs of the Walmart Corporation strictly back the financial ethics of Walmart. Walmart...
Words: 1651 - Pages: 7
...Walmart’s Global Challenge, November 2014 Executive Summary Walmart Stores, Inc. is the world's largest retailer whose mission is “to help people around the world save money and live better -- anytime and anywhere -- in retail stores, online and through their mobile devices” (Corporate Walmart2, 2014, p.1). Samuel Walton founded Walmart in 1962 as a small chain of stores in rural towns and today Walmart is a multi-national retail corporation with “11,100 stores under 71 banners in 27 countries and e-commerce websites in 11 countries” (Corporate Walmart2, 2014, p.3). Walmart Stores topped Fortune Magazine’s “Fortune 500” list for 2014. “For fiscal year 2014, Walmart’s net sales totaled $473.1 billion, up 1.6% from the year-earlier period” (Fortune, 2014, p.1). Walmart is a publically traded company, with the second and third generation Walton family owning 51% of Walmart’s shares via a family holding company called Walton Enterprises LLC (Yahoo Finance, 2014, p.1). Walmart has enjoyed unprecedented growth in the span of 52 years, even in the face of negative publicity and threats from competitors like Family Dollar and Amazon. Walmart’s CEO, Doug McMillon, has laid out strategies to reduce their reliance on physical stores as they move towards expanding the e-commerce aspect of their company and on improving their overseas expansion plans. His four-part growth strategy provides the framework to enable a “company prepared to win on four key customer dimensions – price...
Words: 2589 - Pages: 11
... | | | | | The evolution of the largest retailer in the world, Walmart, has involved both success and controversy. It is a source of cost-savings for millions around the world, but it also seen as responsible for the destruction of its neighboring communities. In its forty year history, the company has dealt with allegations of discrimination, harassment and poor labor relations. The former general store has expanded into several arenas and has made its owners, the Waltons, some of the richest individuals in the world. Despite this, the chain continues to faces large obstacles on its quest to increase profits, improve efficiencies and maximize its customers’ savings. In 2006, Walmart Stores Inc had sales of over $312,000 billion and 1.7 million employees, making it the world’s largest employer (Ferrell, Fraedrich, & Ferrell, 2008). The concept evolved from a chain of variety stores owned by Sam Walton in the 1950s; Walton intensely...
Words: 2413 - Pages: 10
...| Financial Terms and Roles | Individual Assignment | | FIN/370 | May 7, 2012 Kristopher Karazassis | | Financial Terms and Roles Finance is concerned with how individuals, such as managers, lenders, businesses, firms, investors, and borrowers allocate money over a specified period. This paper lists the definitions and roles of financial and accounting terms provided in the course design. The terminology that follows explains and interprets the concepts and elements relevant to the first week’s objectives and topics in Finance 370. Emphasis is placed on types of securities, markets, finance, equity, liability, ratios, and assets. Finance is the study of how people and businesses evaluate investments and raise capital to fund them. The key role of finance is the management of cash flow in deciding on investments, how to fund them, how to allocate money for day-to-day operations over time, and the interpretation of financial concepts, which is the central focus of finance. Efficient Market is a market price unbiased of the investments true mean value. The fact that...
Words: 3334 - Pages: 14
...Table of Contents Company Background 2 Financial Ratios 5 Bond Valuation 5 Wal-Mart vs. Target Competitor Analysis 7 Stock Valuation 7 Capital Budgeting 10 Cost of Capital and Capital Structure 12 Conclusion 13 References 13 Appendix 13 Company Background Wal-Mart Stores, Inc. (NYSE: WMT) Sam Walton founded Wal-Mart Stores, Inc. in 1962. Wal-Mart is a family-owned business that operates through many generations of Sam Walton’s heirs, who own over 50% of Wal-Mart through their holding company, Walton Enterprises. Today, Wal-Mart is led by Chairman, Greg Penner, the grandson-in-law of Sam Walton and President and Chief Executive Officer, Doug McMillon and headquartered in Bentonville, Arkansas. Wal-Mart’s brand and low price strategy, ‘Every Day, Low Prices’ prides itself on making a difference in customers lives, helping communities save money and live better domestic and international. Wal-Mart operates 11,532 stores in all 50 states, across 28 countries and 11 e-commerce websites. Each week nearly 260 million customers visit stores or websites (via online and mobile). Many of its brick-and-mortar stores, operate 24 hours a day, seven days a week and consumer products range from a variety of groceries, electronics, sporting goods, clothing, home improvement products, pet supplies, pharmacy and most everything in between. In 2015, Wal-Mart generated the highest sales in its grocery division at 60% of $288 billion dollars in revenue. Over the past...
Words: 3850 - Pages: 16
...One mission: 2013 Annual Report A history of delivering strong results More than Approximately Approximately 10,700 retail units operated in 27 countries 245M customers served weekly in our stores in 27 countries 75 % of U.S. store operations management joined Walmart as hourly associates Increase of Increase of More than 59% in earnings per share(1) (1) Data reflects five-year period from fiscal 2009 through 2013. 123% in free cash flow(1)(2) $ 60B returned to shareholders through dividends and share repurchases(1) (2) Free cash flow is a non-GAAP measure. Net cash provided by operating activities of continuing operations is the closest GAAP measure to free cash flow. Reconciliations and other information regarding free cash flow and its closest GAAP measure can be found in the Management’s Discussion and Analysis of Financial Condition and Results of Operations included in this Annual Report and on our website at www.stock.walmart.com. About the cover: Regardless of the market where we operate, the retail format or the website, Walmart serves customers with one core mission: to help people save money so they can live better. To learn more about Walmart’s business strategies and company mission, please visit our electronic report at www.stock.walmart.com. You’ll hear from management, associates and customers about our business. Many of Walmart’s most innovative ideas originate from the insights of associates across...
Words: 40535 - Pages: 163
...One mission: 2013 Annual Report A history of delivering strong results More than Approximately Approximately 10,700 retail units operated in 27 countries 245M customers served weekly in our stores in 27 countries 75 % of U.S. store operations management joined Walmart as hourly associates Increase of Increase of More than 59% in earnings per share(1) (1) Data reflects five-year period from fiscal 2009 through 2013. 123% in free cash flow(1)(2) $ 60B returned to shareholders through dividends and share repurchases(1) (2) Free cash flow is a non-GAAP measure. Net cash provided by operating activities of continuing operations is the closest GAAP measure to free cash flow. Reconciliations and other information regarding free cash flow and its closest GAAP measure can be found in the Management’s Discussion and Analysis of Financial Condition and Results of Operations included in this Annual Report and on our website at www.stock.walmart.com. About the cover: Regardless of the market where we operate, the retail format or the website, Walmart serves customers with one core mission: to help people save money so they can live better. To learn more about Walmart’s business strategies and company mission, please visit our electronic report at www.stock.walmart.com. You’ll hear from management, associates and customers about our business. Many of Walmart’s most innovative ideas originate from the insights of associates across...
Words: 40535 - Pages: 163
...years save money and live better of helping customers 2012 Annual Report 1960s 1962: On July 2, Sam Walton opens his first Walmart in Rogers, Ark. 1967: The Waltons now own 24 stores, ringing up $12.7 million in sales. 1969: The company officially incorporates as Wal-Mart Stores, Inc. 1970s 1970: Walmart becomes a publicly traded company on October 1. 1971: The company’s first distribution center is opened in Bentonville, Ark. 1972: Walmart is listed on the New York Stock Exchange (ticker: WMT). Now with 51 stores, Walmart records sales of $78 million. 1975: Inspired by a visit to a Korean manufacturing facility, Sam Walton introduces the Walmart cheer. 1976: David Glass joins the company as EVP of finance. 1979: The Walmart Foundation is established. 1980s 1980: Walmart reaches $1 billion in annual sales, faster than any other company at that time. 1983: The first Sam’s Club opens in Midwest City, Okla. Walmart replaces cash registers with computerized point-of-sale systems, enabling fast and accurate checkout. 1987: The company installs the largest private satellite communication system in the U.S., linking the company’s operations through voice, data and video communication. 1988: The first supercenter opens, in Washington, Mo, combining general merchandise and a fullscale supermarket to provide a one-stop shopping convenience. David Glass is named CEO. All trademarks in this report are the property of their respective owners. © 2012 Wal-Mart Stores...
Words: 37630 - Pages: 151
...Organization Strategy Paper Affordable prices, quality products, and competitive prices is what make’s Wal-Mart the leading retailer industry in the country today. To achieve desired business goals the Walmart organization practices strategic planning processes that defines advantages or developments within the company’s goals and expectations. Presently the Walmart organization has considered expanding the company operations; however, the company has three options to consider before the expansion takes place. These options include selling more stock, bonds, and merging with another organization. Without growth, success cannot be achieved. Growth is the ultimate goal of organizations. Growth benefits organizations in that it; funds new projects, increases market share and consumer awareness, attracts bright new minds, enhances the ability to develop new ideas and ultimately leads to financial success. Growth in an organization can occur naturally, but most often is created. The Wal-Mart Corporation must compare and contrast and make a recommendation about which strategy the organization must choose in making the best decisions. By doing this the organization must consider the following strengths and weaknesses, opportunities, threats, and effects of globalization. The Merger Option In contrast to selling stock or issuing bonds to raise capital, merging with another company enables firms to acquire less debt, and retain more equity. Investopedia (2012) explains...
Words: 1022 - Pages: 5
...com. It offers hard-goods, soft-goods, software, electronics, jewelry, sporting goods, toys, tires, stationery and books, institutional-size grocery items, and selected private labels. The International segment operates 6,288 various retail formats in countries to include Argentina, Brazil, Canada, Germany, Mexico, Puerto Rico, South Korea, and the United Kingdom. This segment operated 261 Canadian Wal-Mart stores and SAM's Clubs, 11 units in Argentina, 150 units in Brazil, 88 units in Germany, 16 units in South Korea, 697 units in Mexico, 54 units in Puerto Rico, and 292 units in the United Kingdom, as well as 48 units in China under joint venture agreements. The company was incorporated in 1969 and is based in Bentonville, Arkansas. Walmart employs 2.2 million...
Words: 2364 - Pages: 10
...Walmart E-Commerce Prepared by: Ahmed Abdel Moneim Kamal Walmart E-commerce Arab Academy for Science & Technology Ahmed Kamal Contents Introduction to Walmart ............................................................................................................................... 3 Criticism of Walmart ................................................................................................................................. 3 Walmart VS Amazon ..................................................................................................................................... 5 Wal-Mart.com become the dominant e-tailer in the world, replacing Amazon or vice versa ..................... 6 Shopping aids offered at walmart.com Compared to those at amazon.com ............................................... 7 Online services can be purchased at walmart.com ...................................................................................... 7 Buying a song from walmart.com versus buying it from Apple’s iTunes ...................................................... 8 Common features and unique features of online marketing in walmart.com, target.com, marksandspencer.com, and sears.com ........................................................................................................ 8 The options for international customers on the Wal-Mart Web site ........................................................... 9 References ..................................
Words: 2106 - Pages: 9
...monitor and identify the changes such as new trends that may cause an effect on the organization. In addition, environmental scanning with an internal analysis of the organization strengths, weakness, mission, and vision can assist management to formulate a strategic plan to gain control that may have potentially significant affect. Successful organizations like The Home Depot and Wal-Mart are dependent upon the ability of leaders and employees to adapt to the rapidly transforming external environment (Wheeler & Hunter, 2010). The Home Depot is the world's largest home improvement specialty retailer with more than 2,200 stores in the United States, Puerto Rico, U.S. Virgin Islands, Guam, Canada, Mexico, and China (Annual Report, 2011, p. 7). The retailer sells approximately 40,000 products to consumers and its 321,000 associates are the key to the organization success who deeply believe in the values the organization. Instead of a mission statement, Home Depot has eight corporate values designed to guide the actions of all its employees. According to Home Depot, the corporate values are: “Taking care of our people, giving back to our communities, doing the right thing, excellent customer service, creating shareholders value, building strong relationships, entrepreneurial spirit, and respect for all people.” Home Depot long-term objectives are to maintain constant growth expansion, increase store modernization, increase investment in technology, and sustain...
Words: 1525 - Pages: 7
