According to the paper long before the inception of Wal-Mart, Sam Walton toured across the country and making a study of everything he came across that was related to discount retailing. The more he studied about it he was increasingly convinced that consumers in America needed a different kind of store. Therefore, Sam trusted his instincts and together with his wife Helen, pumped in about 95% of the money in Rogers, Ark for his very first Wal-Mart store in 1962 and by 1972, there were a total of 15 Wal-Mart stores across the country. In fact, it was in 1972 that Wal-Mart stock began for the first time on the New York Stock Exchange. By the end of the decade the company expanded to 276 stores scattered over 11 states. This growth was primarily due to the infusion of capital over the years. In 1983, the Wal-Mart store came of age as it expanded into Sam’s Club member’s warehouse. In 1988, the first Wal-Mart supercenter was established, a complete grocery store comprising of 36 separate departments for general merchandise. By the year 1989, the Wal-Mart business boomed by way of 1402 stores and 123 locations for Sam’s Clubs. The rate of employment escalated 10 fold as the growth of sales shot up from $1 billion during the 1980’s to $ 26 billion in the years that followed. Currently, Wal-Mart is considered to be one among the world’s best and most successful retailers of the 21st century, with approximately 8,100 stores employing around 2.1 million employees and associates who serve approximately 176 million customers each year. From what we know of the history of Wal-Mart, that is not doubt that it could be a perfect example in portraying how the company manages its growth by always keeping its values insight.
Organizational Behavior in Walmart