Booker, Currier, Simmon, Strange, Yellowhorse
Financial Outcomes Paper
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).
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
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
What they have been able to achieve during this period of
transformation for our Company is remarkable.
Never once they wavered.
addition, because of that devotion to our Company, our shareholders, and the