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Walmart - Research Paper Example

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Management at Walmart December 14, 2012. Table of Contents: Abstract 3 Introduction 4 Role of innovation in sustaining business success and growth 4-5 Role of employee empowerment in fostering a positive workplace environment 5-6 Importance of analyzing effects of management practices on the workforce 6-7 Role of open communication to improve organizational commitment 7 Importance of training employees and developing their talents 8 Importance of sharing growth plans and management strategies 8-9 Comparison with other large retail stores- Why Walmart is better?…
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Download file to see previous pages Walmart stands distinguished among the crowd of aspiring organizations because the managers vigorously and regularly collaborate with employees to improve the policies and gain more customers. This proves that organizational designs which integrate such effective tools improve service behaviors of the employees and make them invest extra time, hard work, and brainwork in the functions they perform. Such motivated style service delivery inflicts a very different and fresh influence on the customers also. Apart from organizational design, the organizational culture of Walmart fully acknowledges the importance of both positive organizational behavior and diversity as a way of winning loyalty of more customers from diverse background. All such aspects of Walmart’s management will be analyzed in this research paper and will also be compared with the service practices of other large retail stores to find out how Walmart corporation manages to stand out of the crowd. Introduction: Wal-Mart Stores, Inc. or simply Walmart is an American multinational retail corporation which runs a large chain of department stores around the world. The success of this renowned business corporation is such that Fortune 500 has revealed it to be the world’s third largest public corporation. As one of the world’s most prestigious companies, currently over two million employees are privately employed at Walmart. It is also the largest grocery retailer in the US. There are already 8500 stores operating in as many as 15 countries under different names and the head of Walmart has thrown light on more plans for growth on an international level. While addressing the Wake Forest University students recently, Mike Duke who is the president and CEO of Walmart claimed that in order to face the fierce competitiveness in the present global economy and to stay ahead of the other reputable national and international organizations, Walmart will have to speed up its growth process. In the same address, Duke announced plans to conquer Africa also “by making a preliminary offer to buy Massmart Holdings Ltd” (Daniel). This paper aims at reviewing literature as a way of finding out what it has to say on the success of Walmart and what management strategies are employed by the management of this corporation to satisfy the needs of both employees and customers. Role of innovation in sustaining business success and growth: The growth of the international Walmart business outside the US is described by Duke as absolutely phenomenal and accelerated in context of building new department stores and serving dynamic needs of a diverse line of customers (Daniel). It is claimed by the Walmart organization itself that innovative leadership, concerned management, and a deep commitment to save public’s money have together given this business a global reputation due to which it is still in ...Download file to see next pagesRead More
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...?Walmart – Reflective Essay This reflective essay discusses my opinion on the case 32 which relates to Walmart and unethical practices related to human relationship management. Here I discuss my learning from the case study as well as provide my reflections on the case. The case study gives a very good example of how large business can be following certain practices that are considered as discriminationary by the employees and the general public. Walmart is a very big company with a very large number of stores all over the world and it employs thousands of employees. As such, the company is in a position to give employment and means of livelihood for community and the people. It is also...
3 Pages(750 words)Research Paper
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... has done many things to ensure that its employees feel and value the slogan given its importance. First, Wal-Mart provides its employees with shopping discounts that allow them to shop for items that make them have a better life . It also ensures that its pays are better and enough for its employees to work and cater for their needs. Wal-Marts benefits such as holiday vacation and education support are all tailored to mark the employees have a better live not to mention saving money. Works cited Jathar, Rutja. Walmart Employee Benefits Retrieved December 3,>... Wal-Mart Compensation and benefits $12,000- $22,000 Health/ Medical insurance (Medical, hearing and vision) Retirement/ pensions plans: 401 (k) Education Profit sharing Store dis...
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...Introduction: Starting off as a small scale store, Sam Walton laid foundation for one of the best marts in United s of America that has achievedexcellence over number of factors. With a multibillion sales mark, it is a true market leader that believes in customer care and discounted products services and sales. It has been a source of occupation towards many in many areas of the country. Having mentioned its success, questions have been directed towards its nature of practices and the policies adopted by it. Its success has led to number of players in the market merging and aiming to compete against Walmart, however Walmart still stands firm against such players. Taste of Success early in the 21st...
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... Case for management at Wal-Mart Introduction Wal-Mart is a regional retail cooperation that has recently developed to become one of the largest companies in sales, in the United States. Sam Walton created Wal-Mart in 1962. Even though it displayed a successful record in its development over the years, it has experienced various hurdles that proved a difficulty for its maturity to a stable state (Wal-Mart Stores 17). This can be shown by some other discount retailing firms that together with Wal-Mart started within that same period. For example, the Kmart which was started by the Kresge corporation, Target started by Dayton Hudson and the Wool co initiated by F.W Woolworth. With the domestic location of its stores, Wal-Mart growth...
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...Wal-Mart: Porter’s five Forces Threats of Substitute Products or Services Substitutes of products and services in the porter’s model refer to those that are offered by the counterparts in the same industry (Porter, 1980). In fact, a threat can exist when these substitutes influences the demand of a company products leading to a change in prices for the substitutes product. Therefore, this can contribute to effects such as reduced profit margins due to adjustment of prices to cope with the competition. In this case, the substitute products and services influences the price elasticity of other products in the market, whereby there are those that are readily available; thus, increasing the elasticity of demand given that customers... Porter’s...
2 Pages(500 words)Term Paper
...Wal-Mart Answer In this age, every organization is trying to attain sustainable competitive advantage by reducing its business risks and challenges to a significant extent. Only then, it might enhance its brand image and competitive position in the market among others. Similarly, the organization of Wal-Mart also decided to retain its sustainable advantage and value in the market by implementing the strategy of discount retailing. By doing so, the organization of Wal-Mart became successful in enhancing its profit margin and total revenue to a considerable extent among others rival players. This is mainly due to the below stated points: Flexibility in price- in remote areas, the stores of Wal-Mart desire to offer discounted prices... Answer In ...
2 Pages(500 words)Assignment
...The Walmart management team needs to forego the efforts to extend its appeal towards affluent s and focus more on targeting a comprehensive market with people from different backgrounds. In order to perpetuate that, I believe a broader merchandise selection helps in attracting more customers and enables a firm to attract a wide range of customers into the retail shop. It creates a strong foundation for customer loyalty. A customer appreciates and has faith in a retail shop where he or she purchases a number of items desired. For example, when a shop decides to stock all sorts of items such as food stuffs, stationary, workshop tools and clothes under one roof it attracts customers. Additionally, the shop also maintains...
1 Pages(250 words)Essay
...Wal-Mart Affiliation a) Wal-Mart outlets in China would use spot markets in the foreign exchange in various ways. The spotmarket could be used in the immediate physical delivery of specified commodity or it could be concerned with a forward market. In the case of a forward market, the delivery of Wal-Mart’s specified commodities would be made at a later date. Forward transactions would consist of contracts for exchanging the Chinese Yuan for the US Dollar at the specified future date (Mehrling, 2005). b) Wal-Mart might utilize the international money market when it is establishing other Wal-Mart stores in Asia through various ways. First, Wal-Mart would connect to the values international money market and foreign exchange... Affiliation a)...
1 Pages(250 words)Essay
...WALMART al Affiliation) Business level strategy used in Walmart Walmart uses low-cost strategy in its operations as it is mainly concerned with offering consumers value for their money and through the activities, they focus on managerial energy and attention on doing every possibility to lower the cost of the organization. The strategies that Walmart have used in lowering the cost and offering value for consumers are through activities such as putting pressure on workers to work overtime without compensating them. The work increases the goods that are supplied to consumers to meet their demand but there is reduction in the cost of production as overtime is not compensated...
2 Pages(500 words)Assignment
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