Many other stakeholders are simply not addressed in Wal-Mart's mission or vision at all. The environment is not addressed. The company's stakeholders in China are not addressed, although the firm's strong relationship with the Chinese government must place that government as a major stakeholder in Wal-Mart's enterprise. Although Wal-Mart does have stores in China, it is not nearly the factor for Chinese consumers as it is for American ones, although it is a net creator of manufacturing jobs rather than a net destroyer of them in that country.
Wal-Mart's vision is that from giving the consumers want they want -- and assuming that low prices is what they want -- that the needs of other stakeholders will be met. The company certainly has its mission set to consumers as one stakeholder group. Indeed, for direct employees of Wal-Mart its mission functions well also, as the company now employs two million people. The mission for a long time also delivered value to the company's shareholders. However, Wal-Mart appears to be faltering with respect to delivering value for shareholders. The company is moving into a mature phase but has failed to return shareholder equity in the form of dividends. The company's mission needs to include an explicit promise to shareholders rather than just an implicit one. For many of Wal-Mart's suppliers, the company's mission works as well, as they are able to improve their businesses by adopting Wal-Mart's mission for themselves.
The company's mission is therefore focused on these key stakeholders. However, Wal-Mart downplays any need to meet the needs of other stakeholders. As a result, the company often fails to meet their needs. The low cost strategy causes harm as well as good, something that Wal-Mart seems to ignore. In addition, even some of the stakeholders that do benefit...
16; Wilbert, 2006, p. 2) Strategic process, planning and decision making As confirmed by Lee Scot's words regarding the aggressive strategy followed by each Wal-Mart store (Mohideen, 2009, p. 9), even if general stream planning and decision making is still largely centralized, being undertaken at the Wal-Mart Headquarters in Arkansas (for elements such as type of products to be sold, stores to be opened or closed, financial results and objectives, etc.),
Employees and managers have also benefited from Wal-Mart's approach. In addition to job creation, Wal-Mart's wealth and might have allowed it to enrich the lives of its employees. For example, the company subscribes to the principles of respect for the individual, service to customers and striving for excellence, each of which allow employees to feel good about their jobs and lives. The company's suppliers for the most part are also
Wal-Mart may find that it is not able to "rollback prices" to compete with discount underwriters. One key opportunity for Wal-Mart is to focus on social welfare to improve their stature within the various communities Wal-Mart is located. Problem Definition As was stated at the outset Wal-Mart is one of the most reviled corporations within the United States. For the various reasons previously stated, Wal-Mart has attained a vastly negative reputation
Management Wal-Mart's challenges in the Global market Wal-Mart as the world's leading retailer has been spreading very fast extending its power across the world market. This began with the nine countries in South America, Asia, and Europe. This expansion is likely to extend even in the near future. As the company attempts at penetrating the hypermarket culture in different countries, it has encountered a battery of severe problems in the process of
Wal-Mart Corporation Mission and Vision Statement Analysis Linking Wal-Mart's Mission and Vision to Their Strategic Goals ands Objectives Assessing the Link Between Wal-Mart's Financial Performance And Its Strategic Goals Wal-Mart Competitive and Marketing Analysis Wal-Mart Marketing Analysis Selecting An Appropriate Strategy (low cost, differentiation or niche) For Maximizing Organization's Return on Shareholders Potential Wal-Mart Merger & Acquisition Strategy Incentive and Reward Strategies for Wal-Mart Employees Evaluating How Current Strategies Define Ethicacy Levels at Wal-Mart Wal-Mart Ratio Analysis Income Statement Analysis,
Wal-Mart Inc. Wal-Mart is an American-based multinational discount store, currently operating more than 11,000 retail outlets in 27 different countries, and serving approximately 140 million customers weekly. Headquartered in Bentonville, Arkansas, Wal-Mart grew from a small family-managed retailer in 1945 to the world's largest retailer, and was named the world's largest company by revenues in the 2014 Fortune 500 list. The company operates its retail stores in two forms: i) Sam's
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