Identify the major mission and vision of the company Wal-Mart; the goals and objectives and tell me if it is in line with the needs of the major stakeholders involved, e.g., the customers, the employees and other stakeholders.
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Although the company has not specified its mission and vision in its website, the purpose stated by Wal-Mart on its website http://walmartstores.com/AboutUs/8123.aspx can be interpreted and following vision and mission can be formulated:
Vision of Wal-mart - To attain price leadership in all communities and sections of the society across the world.
Mission of Wal-Mart - To improve lives of the people by saving their money (Save People Money so they can live better)
Company's Objectives and goals
- Company aims to increase the product assortment by 8500 items or 11% of an average store.
- Sourcing people ethically.
- Workforce diversity goals have been set by Wal-mart to source people from across different cultures.
- For 2011, Wal-mart expects a profit growth of $4.41 to $4.51 per share.
Statement of Purpose of the company is as follows:
"Saving people money to help them live better was the goal that Sam Walton, our founder, envisioned when he opened the doors to the first ...
The solution provides the explanation of vision and mission of Wal-Mart along with its goals and the consistency of these with the needs of the major stakeholders of the Company.