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Global Communications

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Walmart: Global Communications Benchmarking

In today’s economy many company executives are often faced with making decisions like having to cut-costs to remain profitable and a key player in today’s market. Global Communications is faced with making decisions on some cost-cutting strategies that will assist them in increasing their profits. Walmart is an example of a company who uses good decision making to introduce cost-cutting measures to remain profitable in today’s market.
Walmart is a low cost discount retailer that offers its customers a broad range of products and services. Walmart’s goal is to save people money so that they can live better (Walmart, 2001). In order to remain viable in today’s economy Walmart announced that it would be introducing some cost cutting measures that would help them to remain profitable in today’s marketplace (bnet,2010). Walmart has decided to cut thousands of prices on products, revamp its benefit plan, and eliminate benefits such as its company profit-sharing payouts to its employees in order to cut-costs (D’Innocenzio, 2010) . Global Communications can benefit by reviewing and implementing some of Walmart’s cost-cutting techniques to help them increase profits. Global Communication can also benefit from Walmart’s techniques by reviewing the companies benefit plan to see where there may be room for cuts. The company can look at some of their competition to see where there may be room to slash some of their prices in order to gain control of the telecommunications market. Consumers and businesses look for the best deal when shopping for both local and long distance services, by slashing prices in some of their services this may cause customers currently using other providers to return to Global Communications. Implementing simple techniques such as those implemented by Walmart will help Global communications reduce cost and

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