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INTRODUCTION
Wal-Mart is more than just the world's largest retailer. It is an economic force, a cultural phenomenon. It all started with a simple philosophy from founder Sam Walton: Offer shoppers lower prices than they get anywhere else. That basic strategy has shaped Wal-Mart's culture and driven the company's growth. Now that Wal-Mart is so huge, it has unprecedented power to shape labour markets globally and change the way entire industries operate. Wal-Mart has been able to keep its prices low through cutting-edge technology, a frugal corporate culture and a push to make suppliers sell merchandise at cheaper and cheaper prices. Its sophisticated use of technology, its corporate culture of watching every expense, and above all else, its mission to keep prices low have made Wal-Mart successful.

HISTORY
Sam Walton opened his first five-and-dime in 1950. His vision was to keep prices as low as possible. Even if his margins weren't as fat as competitors, he figured he could......

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Approximate Word Count: 5184
Approximate Pages: 21 (250 words per double-spaced page)

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