Control Mechanisms Essay

1393 words - 6 pages

Control mechanisms are used by organizations to help standardize processes, which contribute to overall company goals. Wal-Mart is a large business organization that tries to meet the needs of its customers, employees and suppliers by incorporating control. This paper will discuss four types of control mechanisms used in Wal-Mart organization. This paper will determine the effectiveness of these control, and will examine the positive and negatives reactions to these control. In addition, it will explain how these controls impact the functions of management.Wal-Mart being the huge company is able to do almost anything they want in the retail business world. Wal-Mart is the dominate retailer in the world, yet even the biggest and the most profitable has controls that direct the way company grows, conducts itself, and affects the business world.Price is one of control mechanism that Wal-Mart uses. Price is a control that is on so many levels; from the price that customers pay for items that Wal-Mart sell, to the price that it pays when they purchase the goods that they sell in their stores. Wal-Mart being so big they not only have prices in goods, but in land to build more stores, contracts for deliveries, what they pay their workers, and prices they pay to advertise. Price is the dominate control for all business and Wal-Mart believe this control like every other business too.Communication is another control mechanism that Wal-Mart has to determine how they conduct business. The communication that is projected by Wal-Mart through its advertisements, business performance, news releases, and public image are all part of the communication to the public. Power is a control that not only Wal-Mart has and can use for positive influence, but also can be a power that puts Wal-Mart in a bad image. The power to buy in large amounts to fill Wal-Mart's stores is a power that not many companies have and with that power, it brings the cost down and lets them sell items at a cheaper price than competitors. With that, power to out sell and be the largest retailer has brought bad feelings from some because the power that Wal-Mart has in retail is unmatched and the biggest and the best is always envied.Trust is a control that Wal-Mart must have and hope to keep getting their customers, because if the public does not trust Wal-Mart then they will not shop and spend their money in the Wal-Mart stores. When different stories about Wal-Mart come out in the news, the company has to make sure when they tell their side of the story and they look trust worthy or the trust they have built up with the public could be lost and with that, their image of trusted company can be lost.Overall, Wal-Mart has been successful in utilizing the control mechanisms in pricing, communication, power, and trust. Their commitment to purchasing items in bulk from their suppliers helps them reduce costs in which they pass these savings along to their customers in maintaining their goal to...

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