Walton 5 & 10 Scavenger Hunt What is your score? Find the answer to as many as possible. The objective is to get the highest score in the class! Hobbies: 1. Looking at Sam’s office, what would you guess where his favorite things to do other than work? Hunt birds, fish and play tennis EDLP: 2. What does EDLP stand for? Every Day Low Prices 3. In what year does Walmart expands it $4 generic-drug program, saving customers millions of dollars? 2007 In the Beginning: 4. Where and in what year did Sam open his first Walmart Store? Rogers - 1962 5. Who came up with the Walmart name? Bob Bogle Education: 6. Where did Sam attend college? University of Missouri in Columbia, MO 7. What did he study? Business or economics Employees: 8. How many employees does Walmart have around the world? 2 M 9. What did Sam call the employees of Walmart? associates Motto: 10. Showing the world what it is like to save and have a better life. – Sam Walton’s words Sustainability: 11. How is Walmart trying to restore the small family farms? Buying locally grown produce and buying American Target Market: 12. What was the market niche Sam was serving through his Walmart stores? Bringing low prices to underserved rural communities Rules for Building a Successful Business: 13. Which rule of building a business was Sam practicing when he did the hula on Wall Street? Celebrate Walmart Stock: 14. Why did Sam and Bud decide to go public and offer to sell stocks, company ownership, to other people? So they could have the money to pay off debt and expand the company 15. When was the first stock offering and what was the price? October 1, 1970 @ $16.50 per share Walmart stock has split two-for-one eleven times. 16. That means a person who bought 100 shares for $1,650 in 1970 would, 40 years later, have 204,800 shares, worth about $10 million. 17. Who came up with the idea of the associate profit sharing plan, where employees could buy stocks to have ownership in the company? Helen 18. What do you think would happen to associate behavior if they owned part of the company? They would probably work harder because they feel like it is their company. Technology: Walmart got ahead of some competitors by their use of technology to help them track sales and to restock products on the shelves. 19. In 1968 Sam attended a training by a computer company? What company was it? IBM 20. How did Sam use their resources in the future? Used IBM computers to track sales. 21. In 1969 Walmart installed an IBM system that allowed them to track sales daily. Also enabled them to pay through a centralized payroll system. Growth: 22. In what year did Walmart open the first Express store and in which states? 2011 in Arkansas and Chicago, Illinois 23. In what year did Walmart launch a global commitment to sustainable agriculture? 2010 24. In what year did Walmart celebrate it 50th birthday? 2012 25. Who succeeds Mike Duke as Walmart Stores, Inc. President and CEO? Doug McMillan 26. Where did Doug McMillan study? Sam M. Walton College of Business at the University of Arkansas 27. Who was the first female and African American to lead a Walmart business unit? Rosalind Brewer, CEO of Sam’s Club, 2012 28. When and where was the first Walmart on campus opened? University of Arkansas in 2012 29. When Walmart purchased interest in Central American Retail Holding Company (CARHO), what countries were included in their international line up? Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua 30. Why do you think it might be a good strategy to purchase an existing company in a country? Customers know the brands and are familiar with the stores, others International: This is designed for students to use the website and to get answers from either a computer or a handheld device. What are five countries that have Walmart stores? Mexico, Brazil, Argentina, Chile, Guatemala, Honduras, Nicaragua, NigeriaTeachers, you can check this at this website as the list is long and changing: http://corporate.walmart.com/our-story/our-business/locations/ Challenge Questions – International: Name two countries in South America that do not have a Walmart store? Name four African countries that do have a Walmart store? Which Central American country does not have a Walmart store? Which country in Europe has a Walmart store? Which three Asian countries have a Walmart store? How many countries have Walmart stores? How many employees in the world receive a paycheck from Walmart? Debate or Discussion Questions: Should Walmart buy only American goods? What would happen to prices or quality if they did? What are the advantages of buying products from a lot of different countries? Who benefits from this global production?