Walmart Ceo

In: Business and Management

Submitted By rebekahjlewis
Words 1212
Pages 5
Walmart CEO: William Simon

Part of the long-term success of Walmart is the effectiveness of the leaders within the organization, including CEO William “Bill” Simon. An exceptional leader achieves goals for and with their business for the reason that “successful and effective leadership means, fundamentally, influencing others by establishing a direction for collective effort and managing, shaping, and developing the collective activities in accordance with this direction” (Lather, A., Jain, V. K., Jain, S., & Vikas, S., 2009). According to Derue, Nahrgang, Wellman, and Humphrey (2011), “leadership is one of the most discussed and debated topics in the social sciences [beginning] with a search for heritable attributes that differentiated leaders from non-leaders and explained individuals’ effectiveness as leaders” (p. 7). William Simon, without a doubt, carried each of these qualities, and as such, has helped to develop Walmart into the amazing conglomerate that it is today.
William Simon has been Chief Executive Officer and President of Wal-Mart.com USA, LLC since 2010, and has been the Executive Vice President of Wal-Mart Stores Inc. since 2010, as well. He has over fifteen years of experience employed by major consumer brands, as well as worked for many marketing and development positions for major companies. I consider William Simon to be a transformational leader which, to me, is the most effective of leadership styles and philosophies. Simon, as a transformational leader, posits van Eeden, Cilliers, and van Deventer (2008) is a visionary, takes risks to make positive changes, is proactive in social action and is involved in innovative planning methods and “shape[s] and create[s] rather than react[s] to environmental circumstances” (p. 254). Transformational leadership consists of four major components: Charisma, inspiration, stimulation, and…...

Similar Documents

Walmart

...WALMART STORES NEED UNIONS Have you ever been accused of something you didn’t do while at work? Have you ever had your hours you have worked cut from your check? Situations similar to the previous questions happen all the time at Wal-Mart stores everywhere. Wal-Mart associates needs someone to help defend them. Even though organizing unions throughout Wal-Mart will cost a significant amount of money, all Wal-Mart stores should have unions. Unions help defend workers when they are mistreated. Sam Walton CEO of Wal-Mart opened his first Wal-Mart Store on July 2, 1962 in Roger, Ark. By 1967 the Walton family owned 24 stores ringing up $12.7 million in sales. In the 1970’s Wal-Mart starts to go national, and a decade later Wal-Mart has 276 stores and employs 21,000 associates. Wal-Mart was topped as the nation’s number-one retailer in the 1990’s. They also went international with the slogan “Every Day Low Prices.” By 2002 for the first time Wal-Mart ranked in the fortune 500 as one of America’s largest companies. Wal-Mart recently celebrated 50 years of “helping people save money so they can live better." As of now Wal-Mart employs 2.2 million associates worldwide, and over 10,000 stores in 27 countries. With such great success you would think Wal-Mart would have unions in place, surprisingly they don’t. There are many different types of unions covering all types of work. For example we have unions for airline staff, bank employees, bus drivers, shop workers, and etc. Unions...

Words: 798 - Pages: 4

Walmart

...Walmart: Global Strategic Expansion - Executive Summary Since introducing its first international store in 1991, Walmart has transformed itself from an American retail giant into a global one, leveraging a wealth of resources to strategically expand operations. Although Walmart must contend with several formidable competitors, the retailer has successfully opened thousands of stores across the globe; most frequently, it has added international units through the acquisition of foreign retailers, which simultaneously reduces its competition and furthers its dominance. Walmart has differentiated itself by coupling its understanding of political, economic, legal, and cultural systems within target markets with its low-cost, high-quality approach to mass retail. Utilizing simultaneous strategic multiple thrusts, Walmart has developed layers of competitive advantage to establish itself as the world’s leading retailer. Focusing on strategic expansion, Walmart currently operates 9,826 stores across twenty-eight countries, allowing it to capture global scale efficiencies by creating a coordinated and integrated network of interdependent stores. Each unit within its network is regarded as a source of ideas and capabilities, and innovation is diffused across the company through initiatives such as a market-by-market training program that helps increase the company’s responsiveness to local demands and preferences. Thus, Walmart has established itself as a transnational corporation by......

Words: 5506 - Pages: 23

Walmart

...Customer Relationship Management of Wal-Mart - January 20th, 2011 Wal-Mart Stores, Inc. (formerly branded as Wal-Mart, branded as Walmart since 2008) (NYSE: WMT) is an American public multinational corporation that runs a chain of large discount department stores and a chain of warehouse stores. In 2010 it was the world's largest public corporation by revenue, according to the Forbes Global 2000 for that year.[6] The company was founded by Sam Walton in 1962, incorporated on October 31, 1969, and publicly traded on the New York Stock Exchange in 1972. Wal-Mart, headquartered in Bentonville, Arkansas, is the largest majority private employer[7] and the largest grocery retailer in the United States. In 2009, it generated 51% of its US$258 billion sales in the U.S. from grocery business.[8] It also owns and operates the Sam's Club retail warehouses in North America. Wal-Mart has 8,500 stores in 15 countries, with 55 different names.[9] The company operates under its own name in the United States, including the 50 states. It also operates under its own name in Puerto Rico. Wal-Mart operates in Mexico as Walmex, in the United Kingdom as Asda ("Asda Wal-Mart" in some branches), in Japan as Seiyu, and in India as Best Price. It has wholly owned operations in Argentina, Brazil, and Canada. Wal-Mart's investments outside North America have had mixed results: its operations in the United Kingdom, South America and China are highly successful, while it was forced to pull out of......

Words: 4579 - Pages: 19

Walmart

...Wal-Mart implemented two new concepts that would help out their business even further. The first concept was to start new stores called Hypermarkets. These Hypermarkets would sell everything from home good needs to food. The other concept that they implemented was to start stores called supercenters. Supercenters are scaled down supermarkets and they sell electronics, food, medical needs, and other needs. These two concepts changed Wal-Mart for the better and helped out their sales a lot because now people only have to travel to one store for everything they need which makes it more convenient for them. This is one reason why they became successful. In 1988 with Sam Walton’s health deteriorating he stepped down and David Glass became the CEO if Wal-Mart. [31] Some people were really worried that Sam was stepping down because of how great of a job he had done with the company and they were worried that Wal-Mart would not be as great of a company. [30] These worries were put to rest by 1990 when Wal-Mart became the world’s number one retailer. They hit another benchmark when in 1993 they reached its first one billion dollars in sales. This growth never stopped because then in 1997 they celebrated one hundred billion dollars in sales in that year. Then for the first time ever, in 2002 Wal-Mart topped the Fortune 500 list of America’s largest company. Tragedy struck the Wal-Mart community in 1992 when Sam Walton passed away. To show how successful he had become, when......

Words: 5612 - Pages: 23

Walmart

...2.2 Million (http://en.wikipedia.org/wiki/Walmart) Latest Stock Market Quote: http://finance.yahoo.com/q?s=WMT&ql=1 As one can see, Wal-Mart has gone up in stock from the previous day by .66. Wal-Mart has also been climbing over the past 52 weeks from 57.57-79.50. The company is in good shape. http://www.macroaxis.com/invest/market/WMT--volatility--WalMart_Stores_Inc As one can also see, Wal-Mart (which is represented in blue) is performing much better than the rest of the retail market (which is represented in red) Recent News and Developments: http://finance.yahoo.com/news/wal-mart-ceos-pay-jumps-205428206.html Recently in the news, Wal-Mart CEO, Mike Duke received a $2.6 million increase in pay. This was due to Wal-Mart’s rising sales despite a nationwide economic slump. Mike Duke has been the Wal-Mart CEO since February 2009, and his base salary was $1.3 million plus possible incentives. To re-ignite its US business, he implemented low prices throughout its stores, and brought back cancelled items that customers desired, which increased Wal-Mart profits. http://wallstcheatsheet.com/stocks/wal-mart-and-amazon-battle-over-same-day-delivery-and-2-more-dow-movers-to-watch.html/?ref=YF This article pertains to a new express same day delivery service Wal-Mart has implemented. Amazon.com has also implemented this service, so these two companies are competing for the edge is same day delivery sales. Walmart has an online service, but it’s also a......

Words: 2311 - Pages: 10

Walmart

... This is definitely not what our world looks like today. Today there is global competition, cheap labor, manufacturing overseas, and consumer demand for cheaper goods being “cheap over anything else”. Walmart fills a lot of these demands for America, with an American company that provides jobs for over 2 million people a year. Employing so many workers helps keep down prices and inflation for over 300 million Americans. If Wal-Mart did not exist, its place in the economic world would be taken over by a different company, and that company may not be American so we should count ourselves lucky. So, you cannot hold this against Wal-Mart on the basis of a claim that says Wal-Mart destroys the old American economy that our parents and grandparents remember. That economy no longer exists and the new world is nowhere near as predictable. Sometimes it moves too quickly for some (me) to keep up. Workers have less job security, and Main street is no longer the center of America, but Walmart does it’s best to help us keep up. Walmart gives people somewhere to get good products for a cheap discount that they couldn’t otherwise afford. This is one of the most important things in my perspective, to give America the necessities of life. Along with raising the standard of living, Walmart boosts the economy, reduces inflation, and makes our economy more efficient overall. According to the Los Angeles Times, "U.S. economists say its tightfistedness has not only boosted its own bottom......

Words: 872 - Pages: 4

Walmart

...this problem. II. The problem of low wages can be solved by forming unions and boycotting for higher wages. A. If you went out and informed people you knew on how walmart does business and asked them to do the same with people they knew to tell people to shop elsewhere. Wal-mart would have to reform its wages and benefits for its employees in order to stay in business and keep everybody happy. B.A large enough boycott can raise wages throughout towns and start benefits in small retail jobs not just big corporations. 1. If wages were raised there would be less poverty. 2. Wal-mart wouldn’t be such a bully and would allow other small businesses to flourish. Transition: Now that we know what action needs to be take, I will tell you what each person here can do to affect change. III. Each of us in this room can do something to make sure this happens. A. . We as customers can email the CEO and let him know its wrong to makean hour then most of his employees make in a year. There is also a petition against unfair treatment at walmart @ http://www.thepetitionsite.com/5/unfair-treatment-at-walmart/ B. if we email today he may reconsider his salary and reform wal-marts wages and benefits which are horrible today. 1..A more employee caring wal-mart......

Words: 599 - Pages: 3

Walmart

...Although the company was using products that were made in the U.S. Wal-Mart was rapidly growing overseas. In 1991 they had only one store in Mexico. By 1998 they had over 600 stores overseas, which accounted for about 5 percent of their growth in sales and profits. Wal-Mart was very successful in the United States but in order for them to survive and grow they had to begin building stores overseas (Govindarajan & Gupta, 2002). Wal-Mart also had so many stores in the United States that their only other option to continue to grow was to move into other countries. Wal-Mart has been able to grow into the number one retailer in the United States. According to Bloomberg, the current Chief Executive Officer (CEO) at Walmart is Michael Terry Duke. Mr. Duke has been the CEO at Wal-Mart Stores Inc. since 2006 (2011). And Bloomberg also reports that Charles M. Holley Jr. is the current Chief Financial Officer of Wal-Mart and has held that position since late 2010. Mr. Holley’s education background consists of a MBA from the University of Houston. His financial experience is quite extensive and he has been working within the Wal-Mart Stores Inc. finance scene since 1999. Before that he started working for Wal-Mart he was with Ernst & Young for over ten years (2011). After examining Mr. Holley’s experience, I believe that he is well qualified for the position that he currently holds. He has over a decade of experience within Wal-Mart itself dealing with their......

Words: 1380 - Pages: 6

Walmart

...HISTORY & BACKGROUND Founder of Walmart Sam Walton graduated from University of Missouri in 1940 with a degree in Economics. He wanted to capitalize on his work experience in retail. Sam had an idea to bring a different type of economical approach to the retail industry. Sam and his brother J.L. Walton owned nine Ben Franklin stores. They went to Ben Franklin store owners with the approach of reducing prices to increase sells and were turned away. In 1962, the brothers decided break away and opened their own store in Rogers, Arkansas which was the start of the first Wal-Mart Discount City store. Their approach was to open stores in populations with 5000 to 25000 people. By the late 1960’s the Walton brothers has 18 discount stores and 15 Ben Franklin franchises which became incorporated in Wal-Mart Stores, Inc. (Tell me the history of Wal-Mart). During the 1970’s the Walton’s incorporated many changes to how they do business which laid the foundation to cut cost to gain more control. They implemented a warehouse distribution strategy of constructing their own warehouses so they can buy merchandise in great volume, and positioned its stores 200 square miles from each distribution point. By 1977, Forbes had Wal-Mart ranked #1 in return of equity, return on capital, sales growth, and earnings growth over all other discount and variety stores (Tell me the history of Wal-Mart). Wal-Mart’s continued expanding and in 1978, its stores included a pharmacy, auto service......

Words: 3388 - Pages: 14

Walmart

... From the beginning, Walmart did not have many threats. However, not only the competition is different, several global retailers such as Target, Carrefour, Costco, and Amazon, are working hard to keep efficiency. They are trying to work together to shrink the prices difference between them. Walmart has facing difficulties from every single angle. Not only the company has internal labor relation problems, but also it has some external threats from its competitors. The company must work hard to get possible solutions against its competitors, and to solve any internal problems regarding its labor relations. Even though Walmart does not have any problems with its good sales performance, it does not stop the company to have issues with sales. Walmart needs to pay attention because there are too many claims from women regarding the lawsuit discrimination for several reasons inside the company such as pay, promotions, and training. The company has no other recourses to re-evaluate the situation to make its employees feel better as far as the coverage is concerned. There are several companies in the United States that offer better health insurance coverage than Walmart does. As a result, a re-evaluation is necessary so that associates can pay less with a higher contribution of the company. Life insurance is important for every single employee within an organization. An employee with no good life insurance can be in trouble at any given time. Consequently, Walmart should make clear......

Words: 2780 - Pages: 12

Walmart

...As Walmart grew rapidly into the world's largest corporation, many critics worried about the effect of its stores on local communities, particularly small towns with many "mom and pop" stores. There have been several studies on the economic impact of Walmart on small towns and local businesses, jobs, and taxpayers. In one, Kenneth Stone, a Professor of Economics at Iowa State University, found that some small towns can lose almost half of their retail trade within ten years of a Wal-Mart store opening.[21] However, in another study, he compared the changes to what small town shops had faced in the past — including the development of the railroads, the advent of the Sears Roebuck catalog, as well as the arrival of shopping malls — and concluded that shop owners who adapt to changes in the retail market can thrive after Wal-Mart arrives.[21] A later study in collaboration with Mississippi State University showed that there are "both positive and negative impacts on existing stores in the area where the new supercenter locates."[22] In the aftermath of Hurricane Katrina in September 2005, Walmart was able to use its logistical efficiency in organizing a rapid response to the disaster, donating $20 million in cash, 1,500 truckloads of free merchandise, food for 100,000 meals, as well as the promise of a job for every one of its displaced workers.[23] An independent study by Steven Horwitz of St. Lawrence University found that Walmart, The Home Depot and Lowe's made use of......

Words: 1249 - Pages: 5

Walmart

... Executive Summary Wal-Mart Stores Inc. is the largest retail company in the United States and has been ranked number one on the Fortune 500 Index by Fortune Magazine. Wal-Mart has four parts to their corporate strategy. 1. Dominance in the Retail Market 2. Expansion in the U.S. and International Markets 3. Creation of Positive Brand and Company Recognition 4. Branch Out into New Sectors of Retail Wal-Mart’s public affairs strategy must work to make implementation of these policy goals happen. Its public affairs strategy enables the company to move into other sectors of the marketplace and expand into foreign countries. The public affairs strategy also involves gaining access to politicians who can help Wal-Mart achieve its goals. WalMart has a very active Political Action Committee that gives almost a quarter million dollars annually. While Wal-Mart’s public affairs strategy works well with its corporate strategy. W e feel that there are a few recommendations which could make the company work better. Recently, Wal-Mart has been criticized for their opposition to allowing their employees to be unionized. Wal-Mart needs to clarify their reasons for their opposition to unionization. The public affairs strategy must also address the negative feelings harbored by some groups who feel that Wal-Mart is encroaching into far too many other sectors retail than it should. These concerns must be addressed if Wal-Mart is to enjoy continued success in creating positive......

Words: 10186 - Pages: 41

Walmart

...| Walmart | | | | | Danielle S Holley | 11/28/2011 | | Firms choose from different business-level strategies in order to proposer in today’s markets. One of these being the Cost Leadership Strategy, an integrated set of actions taken to produce goods or services with features that are acceptable to customers at the lowest cost, in comparison to their competitors. Firms that chose to use this strategy must sell standardized goods and services which have to also include competitive levels of differentiation to the market’s regular customers. Cost leaders have to examine all support activities to find extra resources in order to cut production costs allowing them to maintain low costs for their customers. In any industry fixed and variable costs can cause companies to go out of business. Cost Leadership Strategy can put a strain on companies because they have to keep developing new technology that can support low cost goods and services (with differentiation) as well as low production costs to satisfy the needs of customers in the market place. Using this strategy effectively can earn firms above-average returns in spite of rivals in the industry. Having the low-cost position in an industry is valuable way to deal with competitors. The cost leader’s strategic position causes competitors to think twice before they compete on the basics of price and technology against the potential outcomes of such competition (Hitt). Walmart is known for its......

Words: 5753 - Pages: 24

Walmart

...military service, Sam Walton opened a five-and dime store in 1945 in Bentonville, Arkansas (Wal-Mart, 2016). Sam was successful and inspired in his first venture and was driven to focus on consumers and providing value, Sam opened his first Wal-Mart store in 1962 in Rogers, Arkansas. By 1967, 24 Wal-Mart stores had opened. Sam’s vision was to “save people money so they could live better”, his core value was that of respect, for customers, employees and suppliers (Ghazzawi, Palladini & Martinelli-Lee, 2014) and this continues to be the mission and values of Walmart today. Since the opening of the first store in 1962, Wal-Mart has grown to 11,500 stores, operating in all fifty states, as well as 28 countries, under 72 banners and e-commerce, and employees 2.2 million people and weekly services 260 million customers and members. The Wal-Mart, Incorporated consists of four operating divisions Wal-Mart U.S., Walmart International. Sam’s Club and Global e-Commerce (Wal-Mart, 2016). Analysis of Management Functions: Planning. Based on what you have learned through your research, how would you characterize conditions in the planning environment? What types of problems does the organization face (e.g., structured, unstructured), and to what extent should the organizations decisions be programmed or nonprogrammed? How would you characterize the level certainty, uncertainty, and risk the organization faces? Organizing. How is the organization organized? Would you......

Words: 4659 - Pages: 19

Walmart

...Evaluation Matrix for Walmart 11 Appendix Two- Internal Factor Evaluation Matrix for Walmart 12 Appendix Three- Walmart’s Competitive Profile Matrix (CPM) 13 Appendix Four- Financial Ratios 2010 Fiscal Year 14 Appendix Five- Walmart SWOT Matrix 15 Appendix Six- Porter Five Forces Model 16 Appendix Seven-Action Plan 17 References 18 Company Background Wal-Mart was founded in 1962 by Sam Walton with the first store opening in Rogers, Arkansas. Incorporated on October 31, 1969 and became publicly traded in 1972. What Sam Walton set out to accomplish when opening the first Wal-Mart store in 1962 was to save people money and to help them live better. Wal-Mart serves customers more than 200 million times per week at over 9,800 retail outlets located in 28 countries (Walmart, 2011). Retail outlets offer a wide variety of products, with stores having over 30 departments of general merchandise and full service grocery outlets. This has made Wal-Mart a leader in the general merchandise industry as well as a top competitor in the grocery industry. Vision & Mission Statement The mission statement of Wal-Mart reflects the purpose that Sam Walton set out to accomplish in 1962. Wal-Mart’s mission statement is simple and straight forward: “Saving people money to help them live better was the goal that Sam Walton envisioned when he opened the doors to the first Walmart®. This focus drives everything we do at Walmart. And, for the......

Words: 3764 - Pages: 16