Wal-Mart Stores, Inc. in 2008 Managements Initiatives to Transform the Case Study

Wal-Mart Stores, Inc. in 2008 Managements Initiatives to Transform the Company and Curtail Wal-Mart Bashing - Case Study Example Wal-Mart Stores, Inc. in 2008 Management’s Initiatives to Transform the Company and Curtail Wal-Mart Bashing Whereas, the vision statement is â€Å"If we work together, we’ll lower the cost of living for everyone†¦we’ll give the world an opportunity to see what it’s like to save and have a better life.† (Forfan, â€Å"Wal-Mart Stores Mission Statement - People, Saving Money, Living a Better Live†; 2Wal-Mart Stores, Inc., â€Å"10 Rules for Building a Business†) Strategy, leadership, or execution contribute towards Wal-Mart’s success but, the single biggest factor that accounts for Wal-Mart’s success was its strategies for prioritizing low-cost/ differentiation strategy (Zimmerman, â€Å"To Boost Sales, Wal-Mart Drops One-Size-Fits-All Approach†). Wal-Mart values include service towards the customers, respect individual, strive for quality and perform with integrity. The proposed working environment values of the company were focused on stakeholder requirements, respects towards workers, quality towards shareholder as well as brand value and performance with cooperation (3Wal-Mart Inc., â€Å"Culture†). Wal-Mart corporate culture emphasizes conservative, religious, and family-oriented business. (Hayden, Lee, McMahon and Pereira, â€Å"A Case Study on Wal-Mart Stores Inc.†). Wal-Mart business practice in present scenario focuses on the culture of working together in order to fulfill the purpose of helping people to save money and live the life in better way in accordance to its business strategy (3Wal-Mart Inc., â€Å"Culture†).