¶ … Operating in over 27 countries, Walmart is one of America's largest retailers. The retailer is also billed as the world's largest enterprise -- on the basis of revenue. Since its establishment in 1965, Walmart has spread its tentacles across the world and is today regarded the world's largest private employer. Additionally, the retailer was last year ranked position 20 in the world's most valuable brands listing. Research indicates that there are two issues that impact on the productivity as well as competitiveness of the retailer. The two problems are: workers' rights and customer needs when exploring or expanding to foreign markets.
In seeking to address these concerns, a number of well-thought-out solutions will be proposed. It is important to note that Walmart has in the past been criticized by civil rights organizations as well as labor unions for a number of worker rights violations. This is particularly the case with regard to work hour and wage violations. The company has, as a matter of fact, been taken to court by its employees for worker's rights violations. In essence, lawsuits and payback actions divert the company from its business course and demotivate employees -- leading to productivity issues. Is there a way the company could ensure that the needs and concerns of employees are addressed in good time? Can Walmart make use of social media to foster better relations with its employees?
Additionally, the retailer has in the past been forced to pull out of some key foreign markets due to its failure to embrace a business model responsive to the realities of the said foreign markets, i.e. the expectations as well as needs of customers in such markets. Some of the pullouts that have been prominently reported include, but they are not limited to, China, Germany, and South Korea. Failure by the company to adopt an effective communication strategy in the market it ventures into could have brought about the said failures. It is important to note that Walmart has in place a number of social media platforms, from where it frequently interacts with its customers worldwide. Is the company, however, making optimal use of these social media platforms? There is need to discuss how social media can be utilized to address productivity problems at Walmart.
The Organization
As I have already pointed out in the introductory section, Walmart is the world's largest retailer. Currently, the company has approximately 11,000 stores spread over 27 countries -- with the U.S. being the retailer's headquarter. Established in 1965, the retailer was initially family owned -- with Sam Walton, the retailer's founder, being the family patriarch. Over the years, the company has outlived its 'family-enterprise' reputation to become one of the largest companies in the world. Today, the company is seen as one of the world's most valuable brands -- and was, as a matter of fact, ranked the 20th most valuable brands for the year 2015 (Forbes, 2015). In essence, Walmart is a low cost retailer; with its winning strategy being the provision of goods and services at a price that other retailers would find it hard to match. Last year, the company reported $485.65 billion in sales revenues. Walmart, as is posted on its website aspires to avail to its global clientele everyday low prices in an attempt to improve the quality of life of its customers -- i.e. enable clients to live better (Walmart Annual Report, 2014). It is important to note that the retailer's customer focus and commitment was formulated by its founder, Sam Walton. Today, it continues to inform the retailer's official and business focus. Sample this statement:
If we work together, we'll lower the cost of living for everyone ... We'll give the world an opportunity to see what its 'like to save and have a better life (Walmart Inc., 'Our Story section', 2016).
It is for its pocket friendly prices that the company continues to be favored by price sensitive clients from all over the world, particularly in America. It is important to note that when it comes to the retailer's core business, the company has its operations spread across three key segments. These include: Walmart U.S., Sam's Club, and Walmart International (Walmart Inc., 2016). Essentially, Walmart has in place what could be referred to as a flat organizational structure. This structure has minimal positions between the top management and lower tier managers. The core divisions that the company runs at the moment are the U.S. division, the International division, and Sam's club division. The company's current chief executive officer is Doug McMilon, and is deputized by Greg Foran, David Cheesewright, and Rosalind Brewer for each of...
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