The world of business is constantly evolving, and companies are always looking for ways to grow bigger and better. But with so many large corporations out there, it can be difficult to determine which one is truly the largest.
1. The Largest Company by Market Capitalization: Walmart
Walmart, also known as Sam’s Club, is the largest company in the world based on market capitalization. It is a multinational retail corporation that operates under various names around the world, including Walmart stores, Sam’s Club warehouses, and online retail platforms such as Jet.com and Bonobos.
As of 2021, Walmart has a market capitalization of over $600 billion and is headquartered in Arkansas, United States. The company was founded by Sam Walton in 1962 and has since expanded to include over 10,500 stores in 24 countries and e-commerce websites in 11 countries.
Walmart’s success can be attributed to its focus on low prices and wide selection of products. The company has also been successful in expanding into new markets and acquiring other companies to strengthen its position in the retail industry.
2. The Largest Company by Total Assets: Berkshire Hathaway
Berkshire Hathaway is the largest company in the world based on total assets, with a value of over $500 billion as of 2021. The company is headquartered in Omaha, Nebraska, United States and was founded by Warren Buffett in 1953.
Berkshire Hathaway is a conglomerate that operates through various subsidiaries in industries such as insurance, energy, retail, and manufacturing. The company’s success can be attributed to its long-term focus on value investing and its ability to identify undervalued companies and turn them around.
3. The Largest Company by Revenue: State Grid Corporation of China
The State Grid Corporation of China (SGCC) is the largest company in the world based on revenue, with a total revenue of over $400 billion as of 2021. The company was established in 2008 and is headquartered in Beijing, China.
SGCC is a state-owned enterprise that provides electric power transmission services throughout China. The company’s success can be attributed to its ability to adapt to the rapidly growing demand for electricity in China and its focus on investing in new technologies to improve efficiency and reliability of power transmission.
Case Study: Amazon vs. Walmart
Two companies that are often compared when it comes to size and success are Amazon and Walmart. While both companies have achieved tremendous growth over the years, they operate in different industries and have different business models.
Amazon is primarily an e-commerce company that has expanded into other areas such as cloud computing, digital streaming, and brick-and-mortar retail through its acquisition of Whole Foods. The company’s success can be attributed to its focus on innovation, customer experience, and its ability to adapt to changing market trends.
Walmart, on the other hand, is primarily a retail company that has expanded into e-commerce through its various online platforms. The company’s success can be attributed to its focus on low prices, wide selection of products, and its ability to expand into new markets through acquisitions and partnerships.
Expert Opinion: “The Key to Success is Adaptability”
According to Michael Bloomberg, the former mayor of New York City and founder of Bloomberg LP, the key to success in business is adaptability.
