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In 1988, Walton left the post of CEO and continued as the chairman of the highest decision making board of the company. After a period of tremendous success, Walton thus began to prepare his potential successors. Walton and Huey have elaborately explained this process of development and consolidation in the book Sam Walton, Made in America: My Story.
Anwar has aptly remarked on the next phase of Wal-Mart’s attacking expansionism. According to Anwar, “Since 1992, Wal-Mart has sought aggressive diversification by acquiring various retailing chains in Mexico, Canada, Germany and the U.K. This change in Wal-Mart’s core competence beyond the U.S. market signifies its future growth and expansion.” (101)
In 2005, as per the observation of Matthew and Mark, the company had sales figures around $ 312.4 billion. It employed 1.6 million workers all over the world. It emerged as the largest corporation in the world and stood apart as a highly developed, diversified, and efficient retailing chain. (15-25)
Of late, Wal-Mart is striving to become an energy efficient company. It is concentrating on renewable energy, waste management, organic products, and power generation. During the recession of 2008-09, Wal-Mart continued to report solid fiscal figures with significant profits and revenue.
Why should Wal-Mart be chosen for the purpose of company analysis? The reason is obvious: It is a great company! First of all, Walton’s struggle and success stories are the ideal ingredients of a legend that depicts how American dream can come true. Apart from the high sales figures and annual turnover of billions of dollars, Wal-Mart has contributed significantly in the realm of corporate social responsibility. During the aftermath of the deadly Hurricane Katrina in the year 2005, Wal-Mart responded rapidly to relieve the affected population. It directed its logistical functionary and
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4), applies the supply chain or distribution and logistics process strategy since the company does not produce or manufacture any of the products they market. The Council for Supply Chain Management Professionals (CSCMP) defines supply chain process strategy as encompassing “the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities” (CSCMP, 2011, par.
The organizational structure and culture of Wal-Mart is also discussed. Internal External Matrix: The IE matrix is an important strategic tool to analyze the strategic position of the business and develop strategies for future results on the basis of its internal and external factors.
For example, at the first glance it may seem that prices fro particular in WalMart are very the same to its main competitors, though comparing average prices in the store chains you can easily see that WalMart really "Always" wins. Another "big plus" of WalMart is that it comes to small towns, while its competitors can't provide essential customer flow for their stores.
Over the years politicians and liberals have started alleging that they do not allow their employees to unionize and that they do not provide health insurance for their employees. Wal-Mart has also been accused of eroding social capital, healthy
(xtra.emeraldinsight.com/.../viewContentItem.do?contentType=Article&hdAction=lnkhtml&contentId=869134 )Furthermore, these close relationships frequently provide an informal barrier to American companies which desire to sell directly to end-users or retailers.
For this purpose, the company recruits individuals who are passionate about music, communicate their experience to customers and those who love to serve (University of Mizzou, 2011).
The operational personnel persistently review the menu
Wal-Mart does offer competitive rewards to both individuals and teams. First Wal-Mart provides deserving employees with bonus on their employment. In addition, individuals who demonstrate hard work are given promotion. Those who excel as teams are also given
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
The pricing of the commodities is attained after the management of the company with collaboration with vital shareholders holds meetings. In the meetings, they discuss the manner in which they can gain profit and retain their customers.
In contemporary times,