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Essay / Research Paper Abstract
An 8 page paper. Wal-Mart has a general reputation of being a good place to work. Very little of this reputation has to do with the actual hourly wage an employee receives. This paper discusses the three basic principles upon which Sam Walton built the company as well as the principles for a successful business that apply to employees. Specific benefits provided by the company are outlines as are those things that are intangible but that are also benefits of working with this company. Bibliography lists 4 sources.
Page Count:
8 pages (~225 words per page)
File: MM12_PGwlmt2.rtf
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Unformatted sample text from the term paper:
States (Hoovers, 2002). That number includes the regular Wal-Mart SuperCenter stores that include a grocery store, and Sams Club warehouse stores (Hoovers, 2002). It is also ranked in the top
five grocers in the U.S. due to its supercenters and its discount Sams Club grocery operations (Hoover, 1999). Wal-Mart is expanding globally and has reached the position of being
the #1 retailer in both Canada and Mexico (Hoovers, 2002). There are currently stores in Europe, South America and Asia (Hoovers, 2002). In 2001, Wal-Mart employed 1,244,000 worldwide (Hoovers, 2002).
This represented a growth of 9.1 percent over the year 2000 (Hoovers, 2002). Wal-Mart was founded in 1962 by Sam Walton who built the business "on the revolutionary philosophies of
excellence in the workplace, customer service and always having the lowest prices" (Wal-Mart, 2002). The company began with and holds to three basic principles 1. Respect for the individual
(Wal-Mart, 2002). Every person should be treated with dignity and respect (Wal-Mart, 2002). Respect for the individual has to do with the stores employees. The head office expects that all
million-plus employees will be treated with respect. Of course, this is a difficult principle to uphold since each store differs somewhat in its management practices but nonetheless, it is a
fundamental principle of the owners. 2. Service to customers (Wal-Mart, 2002). The company wants consumers to trust them, particularly in terms of having the lowest prices (Wal-Mart, 2002). 3. Strive
for excellence (Wal-Mart, 2002). Employees at all levels are encouraged to find innovative and better ways to serve the customer and to always be improving (Wal-Mart, 2002). Sam Walton says
that he has ten principles for building a successful business (Wal-Mart, 2002). Those that are directly related to employees are: Share your profits with all your Associates, and treat them
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