...Walmart vs. World Wide Web Abstract The internet offers a wide range of possibilities for businesses. Walmart, Inc. is using them to their advantage using Walmart.com. They offer the same exceptional customer service while offering everyday low prices in a convenient online format. The increase in use of the internet will be cause the sleeping “Big Giants” such as Walmart to step up their marketing techniques. Smaller companies will have access to the new wave of technology offered by the internet increasing their ability to compete in the global market. The internet offers unparalleled technology that can connect businesses on a global scale and increase the potential of all players in Business. . Walmart is a billion dollar a year American general merchandise store. It was founded in Bentonville Arkansas in1962 by Sam Walton. By 1988 Walmart had become the most profitable retailer in the United States. (Hayes 1990). This business was chosen due to its large impact on the United States’ economy. According to Fortune Walmart remained the world’s number one publicly traded company for the top Fortune 500 list released March 2014(Fortune 2014). Walmart serves more than one million customers in twenty six countries in a week. Walmart began utilizing the internet to its maximum potential in January 2000. It offers online purchasing of inventory of a million plus items under the entity Walmart.com. Customers can browse inventory of not only their local Walmart store...
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...Assignment: Development and Training Paper (Week 3) MGT/431 - HUMAN RESOURCES MANAGEMENT Instructor: Lori Gardner Wal-mart associates go through an in-depth orientation that lets them know what it means to be part of the Wal-mart family. This begins with a “business simulation” that places new associates in the role of the customer. The simulation exercise helps associates understand customer expectations and what they can do to meet and exceed those expectations. They need to possess good public relations, knowledge of tools, cashier, technologies, and leadership. Employees need to know about industry trends, industry rules and regulations. Employees need to know about the sales process to make effective sales to target customers. We here at Wal Mart the employees want the employees to know about sales process to make an effective sales to target customers. We have varies training such as communication skills, presentation skills, and executive coaching. A college degree combined with public relations experience, usually gained through an internship, is considered excellent preparation for public relations work; in fact, internships are becoming vital to obtaining employment. Colleges offer at least one course in this field. Public relations includes courses in public relations principles and techniques; public relations management and administration, including organizational development; writing, emphasizing news releases, proposals, annual reports...
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...UNIVERSITI KUALA LUMPUR BUSINESS SCHOOL ECB30103 STRATEGIC MANAGEMENT GROUP ASSIGNMENT: WALMART PREPARED BY: GROUP MEMBER 1) NURSYAHIDAH BINTI RAZALI 62283113720 2) NURUL NABILAH BINTI RAZALI 62283313248 3) NURUL ZAITUN BINTI ABDUL MALIK 62283313168 4) UMMI KHALSUM BINTI RAHMAT 62283313053 PREPARED FOR: LECTURER’S NAME: MOHD HAIZAM BIN MOHD SAUDI 1. What is the nature of the company business? What are their product lines? Wal-Mart is the World's largest retailer. It has over 11,500 stores in 28 countries across the globe. Wal-Mart is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores and grocery stores. Walmart products include discount stores, cash and carry wholesale, warehouse club, super-center, supermarket and superstore and also an e-commerce business. 2. Develop a suitable vision and mission statement for the company. Vision i. To be the best retailer in the hearts and mind of consumer and employees. ii. To promote ownership of Wal-Mart ethical culture to all stakeholder globally. Mission i. Saving the people's money so they can live better. ii. If we work together we will lower the cost of living for everyone. iii. Save money. Live better. 3. Using the following template, develop EIGHT (8) core business objectives in fulfilling the stakeholder’s expectation. Please refer...
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...Managers of Modern Organizations Addressing the Sustainability Challenge Modern society is affected daily by technological advances, the fluidity of the economic system, the legitimacy of products, and the constant change in the environment. Likewise, modern organizations face the same challenges. As Daft (2012) mentions, all organizations exist for a purpose. The challenge for managers is to be able to understand these challenges as well as be able to project how they will affect their organization. The manager then must be able to apply organizational changes that will exploit these challenges in order to promote growth. Otherwise, the existing purpose of the organization would deteriorate. This issue is known as organizational sustainability; just as society must adapt to the constant change of the environment, organizations must adapt to constant change in order to maintain their purpose. Further, corporate sustainability is being able to identify the social, environmental, and economic impact that leaders must address for the success of their organization. It is critical for managers to consider sustainability because in order to keep an organization’s product or service relevant to the market, they must be able to adapt their strategy to the constant change of environment. Organizational sustainability encompasses the personnel that make up the organization, the products and services that the organization provides, and the processes of the organization (McNamara, 2014)...
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...market since 1935 by setting up of the office of the Agricultural Marketing Advisor to Government of India which is now known as Directorate of Marketing & Inspection (Mani et. al. 2015). Till the mid-1960s, the government was mainly facilitating the smooth functioning of markets and keeping a check on activities that was considered unfavourable to producers and consumers. Then after, government intervention did increase in the form of market regulatory and infrastructure and pricing policy. In the market regulatory framework Agricultural Produce Market Regulation Act (APMRA) was introduced to rid of several malpractices and imperfections in agricultural markets, and to create orderly and transparent marketing conditions, as well as to ensure a fairer deal to farmers selling (Acharya 2004). Apart from the APMC Acts, several other legal instruments disseminated to regulate market functionaries (Acharya 1998). Between 1976 and 1991, the total number of regulated markets in the country increased from 3,528 to 6,217, a 76%. Similarly the government also did intervene in price policy to influence the level of fluctuations in prices and the price-spread from farm gate to the retail level. However, after the economic liberalisation, presser mounted to change this market regulation and remove its various restrictions because non agriculture sector grown faster than agriculture sector by attracting private sector. Then after, government amended the APMC Act in 2003 under which the private...
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...political, social and business world. In order to ensure an effective and a collaborative approach is taken to challenge these environments issues. In recent times, a consensus has emerged that environmental issues induced by industrial development should be addressed throughout the supply chain. This had led to the emergence of the concept suggested to as Green Supply Chain Management (GSCM). This research provided a concise background and challenges of green supply chain through applying qualitative analysis on potential implementation in existing literature. This research was use secondary data to analyze a single case study, which is a case study of Walmart GSCM. Data was collected through a quality source by process of evaluating the information sources. The research analysis have shown seven strategies that used at Walmart: Identifying goals, metrics, and new technologies, Providing network partner assistance to suppliers, Certifying environmentally sustainable products, Incentive for green products, Consolidating direct suppliers, Developing a sustainable standard, and Zero waste. In a conclusion, it was possible to understand that GSCM is one of the emerging approaches for retail industry. This approach had help the company differentiates from its competition and made its supply chain more efficient. This paper was useful in providing suggestions to the retail industry and other industries to either modify the GSCM strategy adopted within organization in order to achieve...
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...through the 1970s, companies realized strong engineering, design, and manufacturing functions were strong market strategy keys to create and capture customer loyalty. As the demand for new products rose in the 1980s, these market requirements were to increase their flexibility and responsiveness to adapt existing products and processes or to develop new ones in order to meet customer needs. As manufacturing improved in the 1990s, managers began noticing material and service inputs involving suppliers and their major impact on an organization‘s ability to meet customer needs. As a result of these changes, organizations now find that it difficult to manage their own organizations. Today, Wal-Mart topped the list of the America‘s biggest companies on the Fortune 500 list, ―with sales of almost $345 billion — more than a quarter of a trillion dollars‖ (Forbs). In 2014, Walmart stock products made in more than 70 countries and at any given time, operates more than 11,000 stores in 27 countries around the...
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...This article is published in a peer-reviewed section of the Utrecht Law Review Four Case Studies on Corporate Social Responsibility: Do Conflicts Affect a Company’s Corporate Social Responsibility Policy? Cristina A. Cedillo Torres, Mercedes Garcia-French, Rosemarie Hordijk, Kim Nguyen, Lana Olup* 1. Introduction 1.1. Background and objectives This article will discuss the different Corporate Social Responsibility (CSR) issues that emerged within four multinationals (Apple, Canon, Coca-Cola and Walmart). There is no clear definition of CSR. In Corporate Social Responsibility, Legal and semi-legal frameworks supporting CSR Lambooy gives an r o verview of several definitions of CSR.1 The European Commission defines CSR as ‘the esponsibility of enterprises for their impacts on society’.2 This is the definition which is the most suitable for the c ontext of the article’s research question. As this article will focus on companies from the US and Japan, the authors also provide an overview of the focus on CSR from the US and Japanese perspective. In the US there is no governmental regulation regarding CSR or business best practices. Instead, according to findings from Bennett American, companies have a marked tendency to use codes of conduct.3 The American CSR perspective could be described as following a principles-based approach, with codes of conduct that prescribe values and principles which company members as a whole should aspire to follow. ...
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...This article is published in a peer-reviewed section of the Utrecht Law Review Four Case Studies on Corporate Social Responsibility: Do Conflicts Affect a Company’s Corporate Social Responsibility Policy? Cristina A. Cedillo Torres, Mercedes Garcia-French, Rosemarie Hordijk, Kim Nguyen, Lana Olup* 1. Introduction 1.1. Background and objectives This article will discuss the different Corporate Social Responsibility (CSR) issues that emerged within four multinationals (Apple, Canon, Coca-Cola and Walmart). There is no clear definition of CSR. In Corporate Social Responsibility, Legal and semi-legal frameworks supporting CSR Lambooy gives an r o verview of several definitions of CSR.1 The European Commission defines CSR as ‘the esponsibility of enterprises for their impacts on society’.2 This is the definition which is the most suitable for the c ontext of the article’s research question. As this article will focus on companies from the US and Japan, the authors also provide an overview of the focus on CSR from the US and Japanese perspective. In the US there is no governmental regulation regarding CSR or business best practices. Instead, according to findings from Bennett American, companies have a marked tendency to use codes of conduct.3 The American CSR perspective could be described as following a principles-based approach, with codes of conduct that prescribe values and principles which company members as a whole should aspire to follow. ...
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...Industry The grocery industry in the United States is currently an attractive industry (a.k.a. profitable). This attractiveness derives from the relative low threat of new entrants, low supplier and buyer powers, and low threat of substitutes. The main factors driving these results are the low concentration of suppliers and buyers, the significant barriers to entry due to high up-front investment costs (for infrastructure and distribution channels) and scale economies, low availability of substitutes, and the threat of retaliation from incumbents (by lowering price, for example). However, it is important to note that there is a heated rivalry among incumbents due to low seller concentration, high price sensitivity from consumers, dynamic price changes and strong exit barriers. Refer to Exhibit 1 for a detailed observation of the forces influencing the industry’s attractiveness. The industry offers opportunities and poses threats in several areas. In the economic environment, the rising oil prices increases costs in the supply chain and/or distribution channels. In contrast, the several free-trade agreements with different countries open the doors for a variety of products from abroad at potentially lower prices or higher quality. Also, the proliferation of high end and low end niches (in detriment of traditional supermarkets) is paving the way for small-footprint stores that cater to specific customers. Technology is playing a major role in the grocery industry with the consolidation...
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...CASE STUDY 10 | SHRM Table of Contents EXECUTIVE SUMMARY ........................................................................................................................ 2 ANNEXURE ............................................................................................................................................ 3 INTRODUCTION ................................................................................................................................... 9 INTRODUCTION TO THE COMPANY ................................................................................................. 9 QUESTIONS ......................................................................................................................................... 10 QUESTION 01: ................................................................................................................................... 10 QUESTION 02 ................................................................................................................................... 12 QUESTION 03 ................................................................................................................................... 14 QUESTION 04 ................................................................................................................................... 16 CONCLUSION.....................................................................................................................................
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...Walmart Strategic Analysis of Wal-Mart Fan Yang Professor Richard Linowes MGMT-458-002H May 1, 2009 Yang 2 Executive Summary Wal-Mart is the biggest retailer in U.S. and also one of the biggest multinational companies in the world. It is well-known for its low-cost structure and has been doing very well despite of the current market instability. However, it still faces threats from competitors in the retail industry and has weaknesses to be improved in the future. To help Wal-Mart achieve greater success and sustain its competency, this paper will cover an all-rounded and detailed business analysis on Wal-Mart and the industry it is currently in. The analysis will touch on different perspectives, such as Wal-Mart’s strength, opportunities, weaknesses and threats. Moreover, a brief overview of the retail industry and Wal-Mart’s history are provided to facilitate a deeper and better understanding of the analysis on Wal-Mart. To help Wal-Mart better exploit its strength and opportunities and reduce threats and weaknesses, recommendations are provided for each of the four sections. I hope the recommendations will be carefully considered for proper implementation. Yang 3 Overview of Retail Industry The overall retail industry is currently experiencing a sale slowdown due to the widely spread economic crisis in US because consumers reduce their spending during weak economic time. According to an article on BusinessWeek, the real consumer spending declined by 3.7% in the...
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...CONTENT 1. Introduction 2. Need of the study 3. Objectives of study 4. Scope of the study 5. Review of Literature 6. Research Methodology 7. Data Analysis and Interpretation 8. Conclusion and Suggestions 9. Reference & Bibliography Annexure-Questionnaire DECLARATION I, KARAN VERMA student of B.COM (HON.)(2010-2013) batch studying at DAYALBAGH EDUCATIONAL INSTITUTE AGRA ,declare that the project work entitled on “CUSTOMER SATISFACTION WITH REFERENCE TO BIG BAZZAR & EASYDAY IN AGRA” was carried by me in the partial fulfillment of B.COM (HON) Programme. It is not been copied from anywhere else. KARAN VERMA B.COM – VI SEM. DEI, AGRA ACKNOWLEDGEMENT “NO MAN IS COMPLETE IN KNOWLEDGE BUT SINGLE RAY OF KNOWLEDGE CAN BE HELPFUL TO MAN”. The research on “CUSTOMERS SATISFACTION WITH REFERENCE YO BIG BAZAAR &EASYDAY IN AGRA” has been given to me as part of the curriculum in Three-Year Bachelors Degree in Commerce. I extend my sincere gratitude to my project guide Mr.Tej Singh, Reader for the guidance given to me during the course of this dissertation. I express my sincere thanks to all the staff of Big Bazaar and all those who have directly or indirectly helped me during I begin my acknowledgement by thanking almighty who was with me all through the way. THE INDIAN RETAIL SCENE India is the country having the most unorganized retail market. Traditionally it is a family’s livelihood, with...
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...Business Strategy Essay - (Unit 7) Introduction In my report i will cover all the criteria given in are assessment; also i will use real life examples of various companies to assist in the answering of my questions. In addition i will explain how and why these strategic methods are implemented in this business unit to achieve this i believe that i have to show in a real life predicament how these tasks that are complex can actually work by planning and using certain elements that will make the company more efficient. I believe that the mangers role is important and that he or she must know how and when to imply their skills to assist in the running of an organisation by having prepared paper work regarding goals targets how staff are working, when is the most efficient time of business. I will also be covering stakeholder analyse whereby i will use given examples to show the importance of being in the no with your stakeholders. In addition to the above i will be organising an audit for a given company and shall use the information i have read to assist in the creation of the audit. I hope you find my report interesting and credible thank you. P1 - Explain Strategic contexts and terminology Mission is and an important assignment carried out for political, religious, or commercial purposes, typically involving organisations. They use these terminologies to help and create better work ethics, for example Wal- mart has a vision whereby they beliefs...
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...CASE STUDY The Pirate Bay: The World's Most Resilient Copyright Infringer? he Pirate Bay (TPB), a Swedish Web site (Piratebay.org), is one of the world's most popular pirated music and content sites, offering free access to millions of copyrighted songs and thousands of copyrighted Hollywood movies. In June 2011, The Pirate Bay reported that it h ad about 5 million registered users, and 25 million non-registered users (so-called "free riders"). To put that number in p erspective, consider that it is nearly three times the population of Sweden itself (9 million). The Pirate Bay is regularly in the top 100 most popular Web sites in the world, and reach es 1 % of the global Internet popula tion, according to Internet analysts in 20ll. In Sweden, Norway, and the Netherlands, it often ranks as one of the top 10 sites. This despite the fact that TPB has been subjected to repeated legal efforts to shut it down. It bills itself as "the world's most resilient bittorrent site." But the hattIe is far from over. The Internet is becoming a tough place for music and video pirates to make a living in part because of enforce ment actions, but more importantly because of new mobile and wireless technologies that enable high-quality content to be streamed for just a small fee. T Q . search Torrents I ~ I ~ 1::rt.J.!!9!I! I ~ 1D!R..!92 == How do I clown'o.d? First some background. The Pirate Bay is part of a European social and political movement that opposes copyrighted content...
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