Business Processes Essay Example | Topics and Well Written Essays - 1250 words

Business Processes - Essay Example The company’s stocks were first traded at NYSE on August 25, 1972 (Wal-Mart, 2012a). Wall-Mart is engaged in the business of operating retail stores of various formats in different parts of the world. Wal-Mart operates restaurants, retail stores, supermarkets, discount stores, hypermarkets, supercenters, apparel stores, warehouse clubs, etc. The products offered in the stores of Wal-Mart includes frozen foods, meat, dairy products, bakery products, baby products, beverages, grocery items, electronic goods, household items and so on. At present the business operations of Wal-Mart is divided into three broad segments. They are: a) the Wal-Mart International segment, b) the Wal-Mart US segment, and c) the Sam's Club segment. Of these three the US segment is the largest of all. Retail stores of various formats are operated by Wal-Mart in all the 50 states of US. Along with this it also operates its retail operations online through walmart.com. The international segment of Wal-Mart has its presence in 26 countries of the world and is also in the business of operating its retail operations in all those countries outside US. ... All these six merchandise units offer different categories of merchandise products through its various types of retail stores located in different parts of US. In the recently published Fortune-500 list Wal-Mart has been ranked second, just behind Exxon Mobil (Wal-Mart, 2012). 1.1 Aims of Wal-Mart Aims of the company can be understood by analyzing the mission and vision statement of the company. 1.1.1 Mission Statement The company tries to provide quality products at an EDLP or everyday low price complemented with comprehensive Customer service. The company tries to offer services and product improving everyday life of customers. The company has modified mission statement in recent years in order to preserve its significance. In accordance to new mission statement the company will provide merchandises to customers in 24 *7 manners. The company emphasizes on their talented human resource pool and treat them as asset for the company. The company also donates thousands of dollars for be tterment of unprivileged population of the society. 1.1.2 Vision Statement Even today’s hypercompetitive business environment Wal-Mart follows traditional vision statement established by Sam Walton (1918-1992). Sam Walton taught them to think from customer’s viewpoint and deliver merchandises complemented with lowest possible prices, superior quality, guaranteed satisfaction, friendly and knowledgeable sales service, free parking, convenient shopping hour and great shopping experience. 1.2 Size of Wal-Mart Size of Wal-Mart can be understood by analyzing their distribution Channel. Wal-Mart operates business in retail chain format hence size should be analyzed in terms of how many stores they have established in USA and other