¶ … WALMART i) What major threats organization's ability serve stakeholders make mission a reality? ii) What major opportunities improve organization's ability meet make vision ? Please write pages, give, issue creatively.
Wal-Mart
Wal-Mart is one of the largest corporations at the global scale, and the supreme leader of the retail industry within the United States. Throughout its existence, the company has been faced with fierce criticism regarding the working conditions of its staffs or the negative impact upon the environments in which it operates (Copeland and Labuski, 2013). Despite these however, the company remains highly profitable and remains true to its original mission of saving people money so that they can live better (Website of Wal-Mart, 2013).
Aside from the core purpose of saving people money, the organization's mission has also been extended to include an organizational commitment to "work together" in order to "lower the cost of living for everyone… we'll give the world an opportunity to see what it's like to save and have a better life" (Farfan).
In attaining this mission and serving the interests of its various stakeholder categories (employees, customers, business partners, governmental and non-governmental institutions, the general public and so on), the company faces a series of challenges, as well as opportunities. At the level of the threats to attaining the mission, these commonly include the high degrees of competition, the global economic recession or by the negative image of the company.
Within the international market place, this challenge is even more so severe, since there are even more retailers. Additionally, the local retailers are already accustomed to the local industry and market place, and are less sensitive to cultural differences. In the case of Wal-Mart, its strategy for global expansion has been an unsuccessful one due to the company's inability to adapt to the features of the local market. The most eloquent example in this sense is represented by the failure in Germany, where the enthusiastic model was applied to a reserved people; where the managers refused to speak in German and where the competition in retail was intense (Knorr and Arndt, 2003).
Another threat to attaining the organizational mission is represented by the negative perception the company has within the market place. Wal-Mart is as such perceived as an employer that does not respect its staff members, or its customers. The employees are asked to put in long hours, they are over worked and underpaid, whereas the customers are often presented with products of a low quality, as well as poor services (Copeland and Labuski,…
Walmart Library Wal-Mart and the Grandtown Public Library: A Case Analysis The decision to create a joint use of space between Grandtown's new public library and a proposed Wal-Mart carries with it no small number of questions regarding that which is best for all parties involved. Indeed, while an array of clear advantages are reflected in the opportunity to build a new and modern library with the resources contributed by Wal-Mart, it
Walmart SWOT Wal-Mart: SWOT Tables and Synopsis External Forces Strengths Weaknesses Opportunities Threats Trends Legal and Regulatory Extensive legal resources Frequent violations of labor, environmental law To become a leader in improving global labor law Sweeping reform in global trade regulations Unfettered labor and environmental practices in developing sphere Global Cheap outsourced production Poor retail penetration outside base 14 countries To penetrate growing markets like China and India Creation of global wage standard Continued deregulation in developing sphere Economic Largest retail firm in the world Highly dependent on U.S. consumer habits To penetrate
According to the authors, this can be done if employees are given a sense of importance in the organizations. Knowledge workers are already short in supplies and most competing rivals also compete to get the best human resource in terms of knowledge workers. It is therefore essential for any organization to retain this highly skilled part of their workforce and in order to do that organizations must eliminate the
Business Process Reengineering Today, with annual revenues exceeding the budgets of dozens of countries and retail operations in 28 nations, Walmart stands apart in a retailing category by itself, but this company did not achieve this spectacular level of success by resting on its corporate laurels. Indeed, it is reasonable to suggest that the business processes that are currently in place at Walmart only resemble the original strategies used in its
Human Resource Management Background Wal-Mart is one of the largest employers in the world. It has 2.3 million employees globally, most of which are in the United States (Yahoo, 2017). The company gains its competitive advantage in a number of ways. It is able to offer low prices, and competes on that basis (Favaro, 2015). This has two major implications for the company. First, it needs to hire a lot of unskilled
Brief History and Background Sam Walton founded Wal-Mart and quickly grew the company by offering goods at the lowest prices. The stores were originally smaller than the stores of today, and focused in rural areas of the South that were otherwise underserved by retail stores. The current Wal-Mart model emerged by the 1980s as a large format store selling a wide range of consumer goods. The company would later extend its
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now