Walmart

Wal-Mart Stores, Inc. (Walmart) is the largest retailer in the world in terms of revenues and number of employees. As of 2015, the company has more than 2.2 million employees worldwide. Founded in Arkansas in 1962, the company has become the leading retail firm in the world. With this top position in the retail industry, Walmart's annual revenues have exceeded $485 billion in the fiscal year ending in 2015. This success is based on the effective application of strategies to reach the company's vision and mission. Walmart's generic strategy and intensive strategy are both based and aligned with the firm's vision statement and mission statement.