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Mgt Week 2

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Submitted By toyv12
Words 1797
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Wal- Mart
Jose Vasquez
MGT 230
MAY 20, 2014
Melanie Behunin

Wal- Mart

In a variety of business environments around the world, four management functions are usually found. The four functions of management are planning, organizing, leading, and controlling. Planning occurs within these functions of a business, and it helps to deliver strategic value. Organizing will build a dynamic organization and leading will mobilize people. Controlling is part of learning and changing as the organization grows. All four functions of management are the key concept to effective management. Internal and external factors influence the decision-making process that affects management. The competitive landscape is constantly changing; therefore, managers must consider people and businesses around the world. These are used from top-level management to frontline or organizational management. Globalization, technology, innovation, diversity and ethics are factors that affect these business functions. One can examine almost any organization and find this to be true. Wal-Mart is one of the leading retail organizations in the world whose management functions are affected by these factors.

Opening its doors in Rogers, Arkansas, Wal-Mart started a profitable business in 1962. The founder, Sam Walton, could never have envisioned where his company would be in the present. Earning approximately $30,000 in 1962, Wal-Mart has evolved into a multi-billion dollar company earning over $15 billion in 2011 (Walmartstores.com, 2012). This evolution could not have come without careful planning, strategic implementation, and control of its business processes. These factors are the deciding factor in choosing the correct organizational structure.

Taking cues from its needs, Wal-Mart has a created a hierarchal structure that is departmentalized to leverage the skills and strengths of the

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