In 1984 David Glass was named the company's president. By 1985 Wal-Mart began to trade on the Pacific Stock Exchange. In 1988 the company president, David Glass, was named the Chief Executive Officer, and the first Supercenter was opened in Washington, Missouri. .
During the 1990's Wal-Mart began to experience drastic changes, by starting out as the nation's #1 retailer. In 1991, Wal-Mart entered the international market for the first time with the opening of Club Aurrera in Mexico City. They then expended into Puerto Rico in 1992. The founder of Wal-Mart, Sam Walton, passed away April 5, 1992 and two days later his son S. Robson Walton was named Chairman of the Board. Continuing with their expansion in 1994 they moved into Canada by acquiring 122 Woolco stores and began to market them as Wal-Mart stores. In 1995, the co-founder of Wal-Mart, James Lawrence "Bud" Walton, passed away. Also in 1995, Three SAM"S Clubs and .
Multicultural Globalization 3.
three Supercenters were opened in Buenos Aires, Argentina. The following year Wal-Mart was listed on the Toronto Stock Exchange and entered Korea and China through joint venture agreements. By 1998 they had expanded into Germany. Throughout the 1990's, Wal-Mart went through many acquisitions in the United States, as well as in the United Kingdom, and Canada, with their stocks continuing to increase dramatically. .
In 2000 H. Lee Scott was named president and Chief Executive Officer of Wal-Mart Stores, Inc. In 2001 Wal-Mart had the biggest single day sales in history reaching $1.25 billion, on the country's biggest shopping day, best known as "Black Friday". .
Wal-Mart has since then entered its tenth country. It has continued to thrive and make improvements throughout its stores in the United States as well as around the globe.
II. A Review of Multicultural Globalization.
A multicultural organization is one that has achieved high levels of diversity, is able to capitalize fully on the advantages of diversity, and has few diversity-related problems (Griffin, 2002).