Everyone has heard of Walmart and visited their stores, but what is Walmart really? If you’ve been wondering about this company, stay here to find out more about Walmart. So don’t miss the topic What is Walmart? What does the Walmart company do and what is its mission and vision? – Walmart objectives.
What is Walmart? What does the Walmart company do?
The first thing you should know about Walmart is that it is a corporation that meets the characteristics of a multinational company, and it originated in the United States, under the creative seal of Sam Walton. This corporation has the peculiarity that it operates with discount department stores, where the sale of groceries stands out, to such an extent that it is considered the largest grocery retailer in the United States.
This is not an isolated event, since the Walmart corporation is characterized by being the largest source of private employment worldwide, since it has an average of 2 million employees in all its locations. It was also the largest public corporation in the worldas stated by the Fortune Global 500 list last year, in addition to the fact that it is one of the most valuable companies in the world today.
What does Walmart do?
As is evident, Walmart is primarily engaged in the grocery sale, household supplements and the like, but beyond that, Walmart is dedicated to serving its customers related to providing services like a self-service, high-volume store, of course, while keeping prices low.
Similarly, Walmart can be said to operate as a chain of hypermarkets, grocery stores, and low-priced department stores selling at retail.
What is Walmart’s mission and vision? And your goals?
Corporate values cannot be lacking in a company, and clearly it must have a mission and vision that govern the actions of the entire organization. Well then, let’s see what the mission, vision, values and objectives that stand out in Walmart and that direct the way of acting of this great multinational corporation.
As reported by Walmart on its web portals, its mission consists of be the best retail store, of course for the benefit of its customers, always have a wide catalog of quality products and always keep prices low.
This is not only in the United States where the largest number of branches of the company are located, but also in all the countries where this corporation operates.
In relation to the vision of this corporation, in the same way they have broadly expressed the desire to become the best and largest retail store in the world, of course, this through the delivery of a high quality service and the best products on the market.
If we analyze Walmart’s strategies to attract customers and increase sales, we will see that little by little they are achieving their vision, to the point that they have managed to maintain and build a good relationship with customers.
Among the objectives in relation to customers, Walmart highlights objectives such as: improve the quality of life of families of the place where the branches are located, promote and generate savings through low prices and of course offer the best shopping experience through its merchandise and excellent service.
On the other hand, in terms of the community, they aim to generate secure sources of employment to contribute to the development of the community, also through the responsible use of resources, respect the environment, in addition to supporting the communities through the Walmart foundations.
Regarding suppliers, Walmart wants to promote in the best way the growth and development of its business partners, also promoting ethical and socially responsible practices, and of course well-established and long-term relationships with suppliers.
Finally, with shareholders they intend to generate value in the short, medium and long term through the efficient resource management, to establish good Corporate Governance and to make the handling of information at Walmart transparent.