Walmart in Banking
For those who take interest, world of business is very interesting. It is more pleasurable than playing a sport and more entertaining than watching a movie, though it contains elements of truth from both of these. What’s your first reaction when you hear the word “Wal-Mart”? Retail chain? Big format retail? Discount stores? If you think anything on these lines then you are ready to get a shake when you hear about Wal-Mart’s plans for banking and financial sectors. Would Wal-Mart run a bank? It is not impossible! Background “Low price – high volume” is the Wal-Mart Formula. It has allowed the company to become a giant like no other corporation. Started by now legendary Sam Walton in 1962, the company stood as world’s largest company by revenues in 2010. It majorly focused on large discount department stores and grocery retail, and has around 8500 stores in 15 countries. Now it is possible to apply the same formula in different business segments than retail too. It is log...