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Walmart Organizational Structure

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Jane Buckley

on 4 January 2013

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Transcript of Walmart Organizational Structure

By: Jane Buckley Sam Walton and Walmart's Organizational Structure Sam Walton Selected him because he built a single franchise into the biggest company in the world Early Professional Life & Career Took a retail job after college with J.C. Penney Company Organizational Structure Walmart uses a matrix structure in which employees from different departments are able to come together to respond to customer needs Born on March 29, 1918 in Kingfisher, Oklahoma Son of a banker Good student and athlete in high school. Afterward attended University of Missouri majoring in Economics Died on April 5, 1992 Served as an army captain in WWII Returned from war and used a $25,000 loan from father-in-law to buy a Ben Franklin franchise Soon owned 15 Ben Franklin stores but became frustrated with management of the chain Professional Life & Career In 1962, Walton opened his first Wal-Mart store in Rogers, Arkansas His vision of a discount retail store in rural areas proved successful as Wal-Mart quickly grew and spread In 1991, as the country was mired in an economic downturn, Wal-Mart increased sales by more than 40 percent CEO, Mike Duke, is responsible for all departments and Chairman of Board, Rob Walton, is responsible for the Board of Directors
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