...Running Head: WAL-MART STORE INC Wal-Mart Stores Inc. Chrisp, Courtney; Richardson, Maria E.; & White, Sherri Leadership & Org Behavior GM591 Professor: Robert Churilla mariae.richardson@yahoo.com DeVry/Keller University Online 02/17/2013 Introduction Wal-Mart Stores Inc., founded by Sam Walton in 1962, is one of America largest discount department stores. Wal-Mart’s primary mission is to bring consumers high quality goods at a low, discounted price. Wal-Mart operates more than 8,692 retail units across three business segments of retail worldwide that offer a wide array of general merchandise, including groceries, apparel, electronics, and small appliances. In addition, the company is the world’s largest retailer and grocery chain according to sales volume and just over half of their sales comes from grocery items. Over 54% of the company’s stores are located in the United States, with the majority of international stores located in Central and South America, and China. (Jaeah, 2012). Wal-Mart was started in Rogers, Arkansas during the early 1960’s. Sam Walton traveled all around the country researching what consumers wanted in a retail store. When Walton first opened Wal-Mart he “built it under the foundation of honesty, respect, fairness and integrity”. Walton tried to create a culture that shared the same beliefs as he did. Out of his beliefs he chose the three strongest which he felt best suited his store: respect...
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...Abstract Wal-Mart is the United States largest retailer and the largest employer. It has more revenue and more employees than any other company in America. The growth is unmatched by competitors and is a dominant force in the retail space. It has insignificant operating costs that let the retailer set low prices on a range of goods. The paper will examine theses economical burdens of this practice. There are concerns about Walmart’s growth, along with the financial impact it has on its workers, the environment, surrounding communities, and its competitors. This paper will examine these concerns by answering the following questions: Was there a correlational relationship between the leadership’s decisions make abilities and the events that led to employees rights? Was there a connection between Walmart’s business practices and the practices of senior leadership that effect the environment? How has the public’s perception of Walmart caused a reduction in the work force, and effecting surround communities? This paper will look deep into these issues and describe possible solutions Wal-Mart: The Economic Power House Walmart runs on small operating costs, it has low prices, it’s a gigantic company, the world’s second largest employer, families spend thousands of dollars a year there, and it has everything from apples to glue, and most people live within 20 miles of one. These facts represent an organization that has had expansive growth since its inception. With this expansive...
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... Yeliz Makuloglu Executive Summary An organization’s success and competitiveness depends upon its ability to embrace diversity and realize the benefits. When organizations actively assess their handling of workplace diversity issues, develop and implement diversity plans, they make business sense for both for profit and not for profit companies. Creating a diverse workforce provides tremendous opportunities for organizations and individuals to tap into the ideas, creativity and potential contributions inherent in a diverse work force. In this paper we will be analyzing WALMART and its diversity workforce. Most of the information was conduct from the manager who is working at WALMART located Clearlake. Organizational Background This paper will be evaluating the diversity initiatives of Wal-Mart. Sam, who first brought the idea of this corporation, traveled the country studying everything he could about discount retailing. He became convinced American consumers wanted a new type of store. Trusting his vision, Sam and his wife Helen put up 95 percent of the money for the first Wal-Mart store in Rogers, Ark. Discounters such as Kmart quickly expanded in the 1960s, while Sam only had enough money to build 15 Wal-Mart stores. In 1972, Wal-Mart stock was offered for the first time on the New York Stock Exchange. With this infusion of capital, company grew to 276 stores in 11 states by the end of the decade. The first Supercenter opened in 1988, featuring a complete grocery...
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...The Key to Wal-Mart's Success The Key to Wal-Mart's Success The Key to Wal-Mart's Success In 1962, San Walton founded Wal-Mart in Roger, Arkansas. "As in all things, in our people practices, we take to heart our core belief to strive for excellence. That means constantly looking for ways to improve, whether it's connecting executive compensation to diversity goals or improving the supplier application process. Improving these vital relationships is key to a better Wal-Mart and a better world" (People, n.d., ¶2). The key to Wal-Marts success can be attributed by the way management evaluates performance through motivation, ethics, and conflict management. Applying Motivational Principles Sam Walton had a vision for building a business and four decades later Sam's vision became a successful reality. Wal-Mart's associates have enabled the organization to become the largest retailer in the world consisting of "2,700 Wal-Mart stores, 495 SAM's Clubs and 1,150 international stores currently in operation" (Divisions, n.d., ¶1). Sam's dream of a global retailer also became a reality by meeting the needs of customer's worldwide. The secret to the Sam Walton's success is attributed to the rules and principles that are used to run the organization. Sam Walton used 10 motivational principles or otherwise known as Sam's Rules for Building a Business. The rules have helped the organization focus on the principles used for four decades and are factors of the company's success...
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...respectively). Over the next 65 years, Wal-Mart grew to be the largest corporation in the United States with over 5,000 stores and a staggering 1.2 million employees. In fact, Wal-Mart’s staff accounts for 1% of the United State’s working population (Blodget, 2010). Unfortunately, such an enormous presence, combined with negative reviews, has turned Wal-Mart into the country’s most hated retailer of all time (Picchi, 2015). As such, Wal-Mart is constantly investigated, scrutinized, and sued. The following essay analyzes Wal-Mart’s effect on local communities and the corresponding implications the effects may have. In this essay, a community is defined as the combination of local businesses and people surrounding a Wal-Mart store. The analysis is divided into three Parts. Part 1 analyzes Wal-Mart’s effects on local businesses. Part 2 analyzes Wal-Mart’s effects on local populations. Both Part 1 and Part 2 suggest the potential organizational/ethical implications associated with Wal-Mart’s perceived effect. Lastly, Part 3 outlines potential solutions to Wal-Mart’s problems. Part 1: Effect on Local Businesses Wal-Mart reduces the number of small businesses within a community. According to a Hunter College study, local discount stores’ sales decline an average of 10-40% after a Wal-Mart moves in (De Blasio, 2011). As a result, many of the affected companies go out of business or move locations. For example, in 2006, after a single Wal-Mart opened in Chicago, 27% of small businesses...
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...human resourse strategy of University of Salford Salford Business School Course: MSC Management Module title: Human Resource Management TITLE OF ASSIGNMENT: Human Resouce Strategy of Wal-Mart inc Name: Agbasimelo E. Ifeanyi Roll no: @00316215 Instructed by: Abdoulie SALLAH Table of Contents Table of Contents (This page) ------------------------------------------------------------------------2 1.0 Introduction ------------------------------------------------------------------------3 2.0 Wal-Mart Human resource strategy ------------------------------------------------------------------------4 2.1 Recruitment and selection ------------------------------------------------------------------------4 2.2 Training and development ------------------------------------------------------------------------6 2.3 Employee motivation and Reward / benefits ---------------------------------------------------------7 2.3.1 Financial benefits ------------------------------------------------------------------------8 2.3.2 Health and awareness benefits ------------------------------------------------------------------------8 2.4 Performance management -------------------------...
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...In recent months, Wal-Mart Stores Inc. has only hired temporary workers at many of its stores in the Unites States. This is the first time the world’s largest retailer has done so outside of the holiday shopping season. A survey of 52 stores, including one in every U.S. state, revealed that 27 were hiring only temporary workers, 20 were hiring a combination of full, part-time and temporary employees, and five were not hiring at all. Wal-Mart U.S. Chief Executive Bill Simon confirmed this new strategy, saying, “Their hours flex by the needs of the business from time to time.” Both the human resource frame and the political frame demonstrate numerous issues with Wal-Mart’s new strategy, which could be detrimental to organizational health. The human resource frame illustrates certain key points that would advise against Wal-Mart’s new hiring strategy. First and foremost, one of the oldest views regarding motivation, which is still popular among many economists today, is that workers’ primary motivation is based on financial rewards. Wal-Mart spokesman David Tovar defended his new strategy in a recent interview, saying that temporary workers will be paid the same starting salary as full-time employees. However, Tovar clearly lacks understanding that current research in the field of motivation demonstrates that employees are more motivated by things beyond money, such as doing good work, getting better at what they do, bonding with other people, and finding meaning and purpose...
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...INB400 – International Organization and Management Term paper Wal-Mart’s culturally and institutionally flawed entry into the German retail market Joakim Holsten Leren s105710 Julianne Øien s106222 Mirko Wichmann s145433 Lara-Caterina Buggert s145400 Eloise De Bont s145611 22 pages Table of Contents Introduction 2 Case presentation 2 The Wal-Mart concept 3 Institutional challenges [to be deleted] 4 Cultural challenges [to be deleted] 4 German market 5 Theoretical Background 5 The cultural perspective 6 The institutional perspective 9 Case Analysis 12 The cultural perspective 12 The institutional perspective 15 Recommendations 19 Cultural 19 Institutional 20 Limitations 22 Cultural 22 Institutional 22 Conclusion 23 References: 25 Introduction The purpose of this paper is to address and analyze the challenges Wal-Mart faced during its entrance into the German market in the late 1990s. We have analyzed this with the following problem in mind: “Which aspects, both cultural and institutional, led to Wal-Mart’s failure in Germany and what should they have done instead?” We will approach this problem by outlining theoretical frameworks for analyzing cultural and institutional aspects of a company. We will then employ said theories in order to analyze the case of Wal-Mart’s failure in Germany. Finally, we will come to a conclusion concerning what they should have done as they entered into the German market...
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...Human Resource Management Strategies of Wal-Mart TITLE OF ASSIGNMENT: Human Resource Strategy of Wal-Mart inc Table of Contents Table of Contents (This page) ------------------------------------------------------------------------2 1.0 Introduction ------------------------------------------------------------------------3 2.0 Wal-Mart Human resource strategy ------------------------------------------------------------------------4 2.1 Recruitment and selection ------------------------------------------------------------------------4 2.2 Training and development ------------------------------------------------------------------------6 2.3 Employee motivation and Reward / benefits ---------------------------------------------------------7 2.3.1 Financial benefits ------------------------------------------------------------------------8 2.3.2 Health and awareness benefits ------------------------------------------------------------------------8 2.4 Performance management --------------------------------------------------------------------------9 3.0 Challenges faced by the human resources -----------------------------------------------------------------9 4.0 Recommendations to overcome these challenges -----------------------------------------------------10 1.0 INTRODUCTION Human resource management according to Wilton (2011) in his book “an introduction to human resource management” is a phrase used...
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...most important impartial of a company is classified the Human capital. (Heckman, 2004). A high-quality of Human capital have to more qualified to review the entail endowment for an organization and they must recruit the right talent at right time within minimum cost by using formulating their strategy in away that guides them. The business that has been taken into explanation for considerate the HR strategies and it affiliation with organization strategy is Wal-Mart. The most popular retail chain in America is Wal-Mart. It resides of warehouse and discount departmental stories. It measured being prime chain of stores in the world according to Fortune 500.In 1962,Sam Walton was originator of Wal-Mart and it was enumerated in1972 and also in 1969 it was incorporated. The United States, the headquarter of Wal-Mart and it is known as leading grocery store in the world. It operates in 27 countries with 11000 stores and using 55 altered names all over the world. Wal-Mart is positioned in 50 states of America. (Simon.2005). Wal-Mart global stores are 6337 in number and having 800,000 operatives in 27 countries. The merchandise and groceries are...
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...Introduction: The biggest challenge for management in the 21st century is not a financial issue or technology that is the issue of human resources development; in that, the important is focus on solving the problem as lack of teamwork, lack collaboration between functional units, working environment undemocratic, lack the stability and consistency in activities of enterprises. To clarify and resolve these challenges, managers need to have an understanding the concept of "Employee relations". In essence, Employee relations is the relationship between people and people within the organization, it is dominated by the fundamental values of the organization and directly impact the performance, quality and innovation capabilities of business, results affect the competitiveness of enterprises. (Sloane & Witney, 2010) According to Bratton (2007), Employee Relations is concerned with preventing and resolving problems involving individuals who arise out of or affect work situations. The employee relations directly related to the work environment, fairness; it is based on communication with the superior and more important as the policy which directly affects the rights and obligations of employees (Bratton & Gold, 2007). A good employee relations is a result of a variety of tactics and strategies of management, it is done to improve communication, increase contact to minimize errors and to promote state in the work of staff (Bateman and Snell, 2011). According to Rhoades et...
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...| Financial Terms and Roles | Individual Assignment | | FIN/370 | May 7, 2012 Kristopher Karazassis | | Financial Terms and Roles Finance is concerned with how individuals, such as managers, lenders, businesses, firms, investors, and borrowers allocate money over a specified period. This paper lists the definitions and roles of financial and accounting terms provided in the course design. The terminology that follows explains and interprets the concepts and elements relevant to the first week’s objectives and topics in Finance 370. Emphasis is placed on types of securities, markets, finance, equity, liability, ratios, and assets. Finance is the study of how people and businesses evaluate investments and raise capital to fund them. The key role of finance is the management of cash flow in deciding on investments, how to fund them, how to allocate money for day-to-day operations over time, and the interpretation of financial concepts, which is the central focus of finance. Efficient Market is a market price unbiased of the investments true mean value. The fact that...
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...Letter of Transmittal 10thJanuary, 2013 Mr. Tajuddin Ahmed Course Instructor, HRM-370, School of Business, North South University Subject:Case report on ‘Wal-Mart Stores Inc: Dominating Global Retailing’. Dear Sir, We are truly privileged to have you as our instructor in HRM-370: “Managerial Skills and Development” and we are pleased to inform you that, we have been able to meet the schedule to complete the case analysis on “Wal-Mart Stores Inc.: Dominating Global Retailing”. We have tried to employ our best knowledge to analyze the case as meticulously as possible and it sure had offered us the opportunity to enhance our knowledge in regards to HRM-370. Furthermore, if you have any queries about the case report, please feel free to ask any of the group members for further cooperation. Sincerely Yours, RonikaKarmaker | (ID#111 0750 030) | | TanjiaHaqueNirjhar | (ID#111 0137 030) | | Sunny Isnain Hassan | (ID#103 0692 530) | | Ankur Chandra Kuri | (ID#102 0831 030) | | SaifuddinZiku (ID#103 0157 030) ________________ Table of Contents Executive Summary 3 Background …………………………………………………………………………………..4-13 Needs Assessment …………………………………………………………………………..14 Main Issue ……………………………………………………………………………………….16 Internal/External Needs Assessment…...………………………………........18-29 Existing Arrangements.………………………………………………………………..24-36 T&D Plan …………………………………………………………………………………….37-42 Proposed...
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...P E S INSTITUTE OF TECHNOLOGY BANASHANKARI 3RD STAGE BANGALORE. Term paper submission on “SUPPLY CHAIN MANAGEMENT AT WALL-MART” -SUBMITTED BY SUJAY C 1PB12MBA51 INDEX S.NO DESCRIPTION 1. INTRODUCTION TO SUPPLY CHAIN MANAGEMENT 2. LEVELS OF SUPPLY CHAIN MANAGEMENT 3. HISTORY-WALMART 4. WAL-MART INTRODUCTION AND ITS BUSINESS PROCESSES 5. SUPPLY CHAIN MANGEMENT AT WAL-MART 6. PROCUREMENT AND DISTRIBUTION 7. LOGISTICS MANAGEMENT 8. INVENTORY MANAGEMENT 9. COMPETITIVE ADVANTAGE AND BUSINESS MODELS USED AT WAL-MART 10. RFID IN WAL-MART 11. EFFICENCY IN SUPPLY CHAIN WITH RFID 12. CONCLUSION Introduction to Supply Chain Management Supply Chain Management is the discipline which encompasses the end to end business activities carried out in any business, independent of the manufacturing or service sectors. It is the synchronization of a network of facilities and distribution options that performs procurement of materials, processing the materials into finished products, and distribution of the products to customers. SCM is seen as involving five fundamental processes. These include planning, sourcing, making, delivering, and returning. Typical supply chain showing interrelations...
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...Ethical Business Practices Lead to Labor Union Free Organizations UMUC October 30, 2011 The headlines read, “Wal-Mart greenwashing: Workers pay the price”. This articles discusses how Wal-Mart advertises that their Love, Earth jewelry line is made in conditions that favor workers and the environment, when in all actuality the metal comes from mines that are not environmentally friendly, the product is not gold its anatomy is greenwash, and the workers receive insufficient pay, strip searches are conduct upon exiting the building, discouraged from attending night school because it interferes with work, and work in very un-sanitized conditions. The unethical treatments don’t stop there, the supervisors contently looks over the shoulders of the employees to ensure they are constantly working and not stealing any of the materials (Miami NewTimes, 2011). Then again on the internet we read, “Countrywide Financial faces unethical business practices prosecution. The article goes on to talk about how Countrywide is accused of using misleading marketing to sell mortgages packed with hidden fees and risky terms to dominate the US home loans industry. They used unfair and deceptive lending practices to steer borrowers into loans that they could not afford. They did this by putting borrowers in homes they could not afford by exaggerating their income. Since the managers of Countrywide decided to make unethical business decisions over 35% of the mortgage loans approved were in default. Their...
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