{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Financial Outcomes Paper

Financial Outcomes Paper - Booker Currier Simmon Strange...

Info icon This preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Booker, Currier, Simmon, Strange, Yellowhorse Financial Outcomes Paper 1 Financial Outcomes Paper FINANCE FOR DECISION MAKING FIN/419 August 11, 2008 Financial Outcomes Paper
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
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
Image of page 2
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).
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern