WMTbranded as Walmart since and Wal-Mart before then, is an American public multinational corporation that runs chains of large discount department stores and warehouse stores.
Tuesday, 23 December If you would like help in custom writing or term paper writing and essays, you can visit essaywritingweb. Wal-Mart Executive Summary The environment in which organizations are operating in today is very dynamic and there are internal and external forces that are constantly changing the rule of the game.
For the organizations to remain relevant and competitive in the fast changing business environment, they must be led by strategic plans and visions Armstrong, The change in strategies of a firm affects the operations of the various departments and since one of the most important resources in an organization is the human resource, the HR departments in most organizations have undergone transformation in their functions to ensure that they encompass the goals and the visions of the organization.
A new concept has emerged in the HR scene that is referred to as Strategic Human resource management Arthur, This paper is a report of a survey conducted in two Wal-marts stores in Arkansas and New Jersey and its aim is to gauge the HR functions of the worlds biggest retail chain and evaluate the extent to which they are strategic.
During the survey, there were at least three employees in the Arkansas store and five in the New Jersey store who were interviewed. The paper will start with a general introduction to the walmat stores before looking at the overall strategic intentions and goals based on the analysis of Porter There will be a brief literature review of the nature and function of strategic human resource management followed by a discussion of the HR functions of walmat and the extent to which they are strategic.
Finally, there will be an overview of recruitment, selection and employee exit at Wal-Mart and how they are conducted to contribute to the strategic development of the stores.
Background Information Wal-Mart chain of stores is the best example of innovation, leadership, and success. The chain started as a one store shop in Arkansas in and has now grown to become the worlds largest retail store which is emulated allover the world.
The store was started by Sam Walton in the early sixties as a low cost retail store. The stores offer products at lower prices than its competitors do while giving superior service and its investment in cross-docking services has helped the stores to achieve cost-cutting measures in its economies of scale.
This is because the system enables the stores to replenish its shelf more than five times faster than its nearest competitor. Wal-Mart was spurred by the NAFTA and took advantage to go global especially after it saw the potential for growth in the foreign markets. This has given it innumerable competitive advantages and sustainable growth over the years.
Annually, there are numerous growth plans that have been put in place that are regional and global. According to sources, Wal-mart has plans of foraying into new markets outside its traditional zones Frank, There are plans to venture into Russia, South Africa and into an Eastern European country that the sources did not name.
Just like in the opening of the other international stores, there is a consideration on location of the new stores and one of the factors that the chain considers is the proximity to a distribution centre because this is one of the factors that help it to reduce costs.
Still, there is no time that the store has ever set a retail store in the rural areas or some funny urban areas and in its strategic expansion plans, the company is looking for the best possible urban areas in the aforementioned countries that would sustain its profitability.
The stores have sent teams to Cape Town Kiev and Moscow to carry out feasibility studies ahead of its foray into the new markets Ranade, Apart from establishing new stores, the chain, in its growth strategies is focusing on acquisitions. There have been many applications for acquisitions that the chain has turned down because some of the applicants did not have commitment and the quality that can go hand in hand with the culture of Wal-Mart.
In its previous acquisitions, the chain has been focusing on companies that are already popular and well established because it is possible to make returns in the short term Frank, POST YOUR RESUME Are you a food and beverage manufacturing professional?
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But first you’ll have to change your decision-making culture. Leadership Style at Walmart. Discuss Leadership Style at Walmart within the Foundation of Human Skills (F.H.S) forums, part of the PUBLISH / UPLOAD PROJECT OR DOWNLOAD REFERENCE PROJECT category; Leadership Style at Walmart: Wal-Mart Stores, Inc.
(NYSE: WMT), branded as Walmart since and Wal-Mart before . Walmart Inc. (formerly branded as Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores.
Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in and incorporated on October 31, It also owns and operates .