Financial Outcomes Paper

Financial Outcomes Paper - Booker, Currier, Simmon,...

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Booker, Currier, Simmon, Strange, Yellowhorse Financial Outcomes Paper 1 Financial Outcomes Paper FINANCE FOR DECISION MAKING FIN/419 August 11, 2008 Financial Outcomes Paper
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Booker, Currier, Simmon, Strange, Yellowhorse Financial Outcomes Paper 2 In order for a business to be successful, or remain successful, the firm must have initiatives to give it direction. Since most firms have a goal of generating revenue some of these initiatives should be financially orientated. Without these financial goals there is no way to define success, or failure, down the line. “The Wal-Mart story began in 1962, when Sam Walton opened the company’s first discount store in Rogers, Ark. Five years later, there were 24 Wal- Mart stores in Arkansas ringing up $12.6 million in sales” (Wal-Mart.com, Timeline, 2008). It would have been impossible for the company to be this strong at growing without effective financial leadership. Especially for a large multinational business like Wal-Mart it would be inappropriate to define success simply as not going bankrupt year to year. To this end the CEO and board of directors will set financial initiatives to lead, motivate and measure the firm’s performance against. Message to Shareholders “Because we are a global company, Wal-Mart is better positioned today than ever before to deliver on our mission. I am optimistic about our future because I know that customers everywhere will continue to depend on Wal-Mart to save them money so they can live better, whether they are among the aging population or the growing middle class. Our price leadership position helps those willing to improve their lives through hard work move up the economic ladder” (Scott, Annual Report, 2008). “Above all, however, I am optimistic about Wal-Mart's future because of our associates. What they have been able to achieve during this period of transformation for our Company is remarkable. Never once they wavered. In addition, because of that devotion to our Company, our shareholders, and the
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Booker, Currier, Simmon, Strange, Yellowhorse Financial Outcomes Paper 3 customers and communities we serve, I know that we have only just begun” (Scott, Annual Report, 2008). According to Google Finance (2008) the beta for Wal-Mart stores is .12.
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This note was uploaded on 08/17/2011 for the course BUS 200 taught by Professor Torres during the Spring '11 term at University of Phoenix.

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Financial Outcomes Paper - Booker, Currier, Simmon,...

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