Wal-Mart on Becoming the World's Largest Company Essay

Wal-Mart on Becoming the Worlds Largest caller - Essay ExampleThis was another great idea because store managers were more motivated to succeed and ameliorate their individual stores. Another philosophy Walton had was locating his stores in small towns as opposed to large cities. This allowed him to deflect competition from larger retailers. He also created clusters of stores within a specific region and had giant warehouses strengthened in the middle of these clusters in order to supply the stores in that region (Wal-Mart, 2009). These various strategies and management philosophies that Walton use made Wal-Mart a tremendous success. Wal-Mart continued to expand in the 80s. Walton introduced Sams Club stores in 1983, which allowed customers to buy consumer goods at bulk-quantity prices. In 1987, Wal-Mart purchased a state of the art networking system that instantly communicated inventory and gross sales information across their network of stores. This greatly increased efficienc y and gave Wal-Mart another edge over its competitors. A year later, Wal-Mart introduced their first Supercenter which combined their retail store with a supermarket. They continued to grow in the 90s as they went international in 1995 and introduced the first Neighborhood Market stores, which specialize in groceries, in 1998 (Wal-Mart, 2009).