Walmart mission statement
"We save people money so they can live better."
A mission statement is considered a statement of the firm's business based on a careful anaylsis of benefits sought by present and potential customers and an analysis of existing and anticipated environmental conditions.
“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.”
These are rules that Walmart made up to help establish their mission
1) Open Door Policy - Managers doors are open to employees for help at all levels .
2) Sundown Rule - Answering employee, customer, and supplier questions on the same day the questions are received
3) Grass Roots Process - Capturing suggestions and ideas from the sales floor and front lines
4) 3 Basic Beliefs & Values - Respect for the Individual, Service to our Customers, Striving for Excellence
5) 10-Foot Rule - Making eye contact, greeting, and offering help to customers who come within 10 feet
6) Servant Leadership - Leaders are in service to their team
7) Wal-Mart Cheer - An actual structured chant that was created by founder Sam Walton to lift morale every morning
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