ipl-logo

Walmart Mission Statement Paper

896 Words4 Pages

A mission statement defines the company purpose. The mission describes the purpose of the company business, what the company stands for and address the needs of the customers, employees, stakeholders, their suppliers and community. A successful mission statement should be both engaging and memorable.

Wal-Mart Vision Statement
Wal-Mart original mission was to save their customers money. Their current mission is not only important to their customer but to their employees around the world. Their main mission statement is “Saving people money so they can live better” (www.walmart.com). The company believe firmly in saving their customers money by offering their customers lower prices. Wal-Mart based is vision and mission statement on their cost-leadership generic strategy from the Porter’s model.
What is a Vision Statement? A vision statement is a short statement on what an organization plans on achieving in the future. A vision should describe the company goals for the future, without specifying how they will achieve those goals. The vision should explain what the organization want to achieve. A vision should include an objective, have value and, help when it comes to motivating and inspiring employees to meet their …show more content…

There are other unethical business practices that Wal-Mart has been accused of, from sexual discrimination and offering lower wages to their employment. There are several lawsuits that Wal-Mart has dealt with such as: forcing employees to work off the clock without being compensating, erasing hours that employees work off their time cards and making employees work through their lunches and breaks. The lawsuits filed accused Wal-Mart of not paying their hourly employee by forcing them to work through their breaks and lunch without compensating them for overtime. In 2008 Wal-Mart agreed to pay over $600 million dollars for unpaid wages and hours in a lawsuit that was filed against

Show More
Related

  • Does The Greenhill Community Center Have A Solid Mission And Direction

    1352 Words  | 6 Pages

    1. Does the Greenhill Community Center have a solid mission and direction? Discuss the organization's mission and how well the organization accomplishes that mission. Are there examples of "mission creep" in this case study? A mission statement explains why an organization exists, whom it serves, and how it serves them.

    Read More

  • Mainstays Medical Center Vision Statement Paper

    1562 Words  | 7 Pages

    Introduction As the administrator of Mainstay Medical Center, I will create a mission and vision statement for the organization, identify strategic goals and recommend strategies that will be effective in achieving the goals of the organization. In this paper, I will also identify strategies to gain a competitive advantage with other organization while ensuring goals for Mainstays Medical Center to remain successful. Mission and value statements for Mainstays Medical Center Mission statements are the beginning of an organization’s planning and goal setting process. A mission statement should align with the fundamental values of the consumers and the population it serves as well as the beliefs and competitive positions.

    Read More

  • Mission Statement Of Chick-Fil-A Foundation

    776 Words  | 4 Pages

    Mission statements will ensure that shareholders, employees and customers clearly understand what the company stands for. Mission statements also describe the organization’s overall goals. Mission statements should be written in a way that when someone reads the statement, they have an understanding of the activities that are performed in the organization. In this paper I will compare the mission statement of Chick-Fil-A Foundation with my personal mission statement. Chick-fil-A Foundation Chick-fil-A Foundation is a non-profit organization that’s sole purpose is to provide leadership and guidance to children and also support education in the local communities.

    Read More

  • Discount Nation: Is Wal-Mart Good For America?

    963 Words  | 4 Pages

    From shared operating and advertising costs to exposure to diverse customer demands. However, the ability to respond to changing consumer needs and a combination of wholesaling and retailing operations led to the biggest and most noticeable effect, lower prices to consumers. The heart of the Wal-Mart strategy was to aggressively plan, organize and outthink their competitors by providing the best products, values, and prices. The Wal-Mart mission and vision statement “Saving people money so that they can live better.” (Wal-Mart, Inc., 2017)

    Read More

  • Department Of Veterans Affairs Mission Statement

    612 Words  | 3 Pages

    The vision of an organization is vital because it provides direction to both leaders and employees. The Department of Veteran’s Affairs vision is to provide America’s veterans with world-class benefits and services they have earned through their service and to do so by adhering to the highest standards (Department of Veterans Affairs, 2015). The VA’s commitment to serving veterans serves as an inspiration to VA leaders to ensuring that the leadership and all employees perform their duties in a manner befitting a successful organization. It is a vital part of the organization’s strategic planning and development process. The VA’s vision is also lays the framework for the future and communicates the purpose of the organization the stakeholders.

    Read More

  • Macy's Business Policy

    1012 Words  | 5 Pages

    Macy’s is one of the nation’s premier retailers, with fiscal 2013 sales of $27.9 billion. The company operates the Macy’s brands and Bloomingdales. There are 840 stores in 45 states, under the names of Macy’s and Bloomingdale’s. , Macy’s, Inc.’s diverse workforce includes approximately 172,500 employees. Macy’s, Inc.

    Read More

  • Rhetorical Analysis Of Walmart

    1637 Words  | 7 Pages

    Walmart was founded in the summer of 1962 by Kingfisher, Oklahoma native Sam Walton. Although Walton’s original vision for the store was relatively modest, the half century since its founding has seen Walmart morph into one of the biggest companies in the world. Today headed by one Doug McMillon, Walmart boasts more than 5000 stores in the United States of America alone and employs more than 1.5 million people. Walmart is undoubtedly an American institution, yet each Walmart store feels like its own little country. Walmart seems to have its own laws and customs and the people who shop their on a regular basis appear almost primitive in their behavior as they go about raiding the store’s shelves and wrestling with fellow customers for discount flat screen televisions and bulk packages of two-ply toilet paper.

    Read More

  • Optus Mission Statement

    1665 Words  | 7 Pages

    Vision and Mission Statements In my company we have a mission statement which is in line with our strategic plan. I always try to provide them a basic structure or basis behind ourplan so staff should know everything and believe in it. Even everyone can read our vision, mission and values on our Optus website.

    Read More

  • The Strategic Change Cycle

    1852 Words  | 8 Pages

    Mission statements are typically future focused and are not essentially constructed on present-day. They should be a reasonable viewpoint from which to look down the road. These statements should not bound the development of the organization’s premises through incorrect

    Read More

  • Kroger Company Mission Statement

    620 Words  | 3 Pages

    There are many companies that follow don’t follow their mission statement but The Kroger company is one of many that does follow their mission statement. Their mission is to provide great services to the community and how have local fresh grown produces in each and every store. Kroger wants to become the world’s largest distributor of goods and services in the world. So far Kroger has achieved that goal such as they have a wide ban of family Companies and they have surpassed every company that in their same line of business. They have values witch they abide by through each and every company.

    Read More

  • Mal-Mart Case Study: Ethical Issues Facing Walmart

    1021 Words  | 5 Pages

    Some of the current ethical issues that Walmart is facing are the treatment of its employees, the methods it employs to obtain retail goods at low prices, the sustainability of its products, and the use of bribery to further corporate interests (Ferrell

    Read More

  • Tesla Social Responsibility Analysis

    715 Words  | 3 Pages

    It relates to the purpose of the company and what they want to achieve in the future. The mission goes beyond the vision as it explains the company’s goals and objectives more clearly. It also mentions how this will be accomplished. The last step is to create a strategy based on the defined vision and mission. (Miller, 2014) Tesla’s mission is ‘to accelerate the advent of sustainable transport by bringing compelling mass market electric cars to market as soon as possible’.

    Read More

  • Walmart Human Resource Management Analysis

    1275 Words  | 6 Pages

    Vision, Mission Statement "Price Leadership Drives Global Performance" is the Wal-Mart visualization statement. The management of Wal-Mart emphasises on price leadership in every market since pricing strategy is the direct approach to reach performance and attract customers. In order to implement price leadership, they stated "Save Money, Live Better", which remains as relevant now as it was in 1962 by Sam Walton. The mission is that everybody is able to purchase products in Wal-Mart because the stores offers low price products to them.

    Read More

  • Walmart Corporate Social Responsibility Study

    3018 Words  | 13 Pages

    The company "Walmart" is one of the most influential companies in the retail trade. For over 10 years it became the largest chain of retail supermarkets in the United States. In addition, the position of Wal-Mart are strong and in other countries. "Walmart", since its foundation, pursues a strategy of low prices. This is the strategy through which it can offer products cheaper than other competitors.

    Read More

  • Walmart Pros And Cons

    855 Words  | 4 Pages

    Wal-Mart has faced numerous lawsuits for inequitable labor. The huge market enterprise values its employees with little respect. For example, it demands for long hours and overtime shifts to meet holiday sales. This is one of the reasons why the company has earned an outstanding profit over the decade. Yet, with all the affluence the company has, it still does not compensate for workers' healthcare benefits nor their low wages.

    Read More

More about Walmart Mission Statement Paper

Open Document