This website uses cookies to ensure you have the best experience. Learn more

Operations Management Within Wal Mart Essay

1789 words - 7 pages

Wal-Mart is operating a mass merchandising retail store in all 50 states ofthe US under a variety of formats, Wal-Mart Stores Inc. as Wal-Mart scores anumber of 'tops' in its businesses. It has the largest discount department storechain in the world, largest retail firm in the US and largest retailer in the world,the wealthiest and most powerful corporation in the world. And more recently,Wal-Mart gained the top spot of the most admired company in the world.Sam Walton, a leader with an innovative vision, started his own companyand made it into the leader in discount retailing that it is today. Through hissavvy, and sometimes unusual, business practices, he and his associates ledthe company forward for thirty years. Today, four years after his death, thecompany is still growing steadily. Wal-Mart executives, to sustain its competitiveadvantage, Wal-Mart has constantly adapt to its existing strategies to threats andopportunities in the environment. As noted by Warren Buffett when it came tocasting his vote for the most admired company in America for 2002, 'Wal-Mart isthe largest company around, and it hasn't lost a bit of the dynamism that it hadback when Sam Walton started it'.This report will analyze the internal and external factors that put Wal-Martin its current position operating in the competitive retailing environment. The flowof the analysis will start with a brief indication of the sector of business Wal-Martis operating, followed by the analysis of its internal factors comprising thecompany's strength and weaknesses. Wal-Mart's external factors will then beanalyzed on its opportunities and threats. The challenges facing Wal-Mart in thenear future will also be addressed.There are perhaps tens of strengths that had put Wal-Mart in its positionnow right from the day Sam Walton founded it. However, under the reason ofthis memo, the company's culture was built on three basic beliefs; respectfor the individual, service to customers and, striving for excellence. Thesephilosophies, in my belief, are 'religiously' nurtured into the hearts and minds ofemployees who are more known as associates in Wal-Mart.Sam Walton advocated 10 rules known as 'Sam's Rules for Building ABusiness'. These are the key factors that guide and inspire the company'soperation, behavior, ethics and practices. All levels of Wal-Mart employees alsoadhere to a corporate directive of the 'Sundown Rule' and the 'Ten Foot Rule'.This requires that an employee must reasonably answer a customer's orsupplier's request or question within 24 hours whereas the latter rule states thatstore employees must greet, smile and attend to a customer in a store whenwithin ten feet of them.Wal-Mart's weaknesses the clear dynamic prowess and success of Wal-Mart makes it hard to conceive of its weaknesses even in this competitiveenvironment. As evidenced by its position in Fortune 500, its balance sheets andits sheer size and growth. The pitfalls that befell me was gaining insight on Wal-Mart's...

Find Another Essay On Operations Management Within Wal-Mart

Wal-Mart and Human Resource Management Essay

687 words - 3 pages and the Low Price Promise is an advertising strategy that is known in any language. Sales have topped over $62.7 billion and continue to show a marked increase in profits every year. (International Overview 1-3) Because of this growth in the U.S. and internationally and the number of employees that make up Wal-Mart, it is critical that the company have a highly functional and well executed human resource management strategy. With the number of

Management Processes: An Example of Successful Change of Wal-Mart

692 words - 3 pages Walton has made certain changes that help Wal-Mart to achieve its success today. His change techniques involve changing people, technology, and product. Indeed, Wal-Mart was named "Retailer of the Decade" by Discount Store News in 1989, and on several occasions has been included in Fortune's list of the "10 most admired corporations."Changing PeopleWal-Mart is successful not only because it makes sound strategic management decisions, but also for

Evaluating Performance through Motivation, Ethics, and Conflict Management: Wal-Mart management

2552 words - 10 pages operations for its success. In fact in the Wal-Mart hierarchy system, the CEO, Chairman, Directors and other high position holding personnel play out the roles of leaders more than that of management and therefore are responsible for the direct outcome of this organization in terms of its profits and benefits that are achieved.AchievementsIn Wal-Mart, the leadership facet of the management is one of the required assets that successful managers must have

Description and Appraisement of Roles of Operations Management within Hainan International Ltd

2205 words - 9 pages SummaryHainan International Ltd, as a class one contractor based in Tanzania and working in East Africa market actively, has been successfully since incorporated in 1998. Hainan is developing from a relatively small capital to a reputable contractor in Tanzania. Key elements of operations, project management and quality management are of particular concern and relevance of Hainan and are discussed in the report.List of ContentsIntroduction1.0

Please Comment On The Effect That Alliances Such As Apple And Microsoft Can Have On Competition Within The Context Of Operations Management

472 words - 2 pages Operations Management is the term applied to the correlation of activities which achieve the core objectives of an organisation.Apple and Microsoft are companies which come from very different cultures, Apple a very steady stable environment, which non-the-less appreciates and recognizes employee input. For example at Apple computers, Cupertino, California, all employees who worked on the design of the original Mackintosh computer had their

A Target on Wal-Mart

1372 words - 5 pages Company Limited, Which operates LOL hypermarkets in 34 cities in China. In August 2007, Wal-Mart and Bharti Enterprise, an Indian Company established a Joint venture to conduct wholesale cash and carry and back-end supply chain management operations in India. Furthermore, Wal-de Mexico completed the acquisition of the non- controlling interest in their South American subsidiary that had been held by third parties (Ernst

The Wal-Mart Effect

1292 words - 5 pages “Our competitors are better because Wal-Mart exists” stated by the chief financial officer of Wal-Mart. Wal-Mart is a retail store, which provides groceries, electronics, household appliances, and high quality items to consumers. The retail chain has made a household name within every house by selling products all over the world at a bargain price. Wal-Mart’s strength and pace of growth contributed to a retail store in every city and state

Wal Mart Stores Inc

3078 words - 12 pages highly targeted marketing communications, which types of advertising they were and in what proportion they were selected. Wal-Mart’s Value Proposition and Expressed Position Value Proposition The retail world is tough. Wal-Mart competes with stores like K-Mart, Target, Caldor, Bradlees and Woolworth. The last three of those operations are out of business and K-Mart is presently undergoing Chapter 11 reorganization. Target has managed to remain

Company Selection Paper

1223 words - 5 pages a retail store that delivers a variety of quality value priced merchandise. Wal-Mart has 5 retail divisions that include Wal-Mart discount stores, super centers, neighborhood markets, SAM Club, and international operations. The first Wal-Mart store opened in 1962 in Rogers Arkansas. The discount stores offer 120,000 items and employ an average of 225 associates. The super centers were developed in 1988. The neighborhood markets opened in 1998

Wal-Mart - A Case Study in Managing Technical Transitions

4916 words - 20 pages from highs of nearly $300B in early 2000. Over the last year, however, Wal-Mart had suffered a number of failures in its Internet-based operations, as it tried feverishly, along with many other traditionally "bricks-and-mortar" companies, to make a transition to the Internet. As much of the commotion in the markets relative to the Internet subsided due to a slowing economy and a number of high-profile "dot-com" failures, Wal-Mart continued to

Wal-Mart Supply Chain Practices

1511 words - 6 pages =1398521619_501b0f439b60053dbf3279a49ee37c70 • P&G’s involvement facilitates lower inventories, greater product availability, the avoidance of stock-outs, greater inventory turns and lower lead times within this pull-based supply chain. VMR greatly reduces the bullwhip effect and variability in the supply chain from downstream (retailers) to upstream (suppliers). (http://www.datalliance.com/vmi_retail_sc.pdf) • CEO of Wal-Mart Brazil, Marcos Samaha, has said that ‘we having been

Similar Essays

Swot Of Canadian Operations Of Wal Mart: Supply Chain Innovations To Fight Competition In Canada

1236 words - 5 pages SWOT of Canadian Operations of Wal-Mart –Supply chain innovations to fight competition in Canada Supply chain innovations should ensure on-shelf availability at retail outlets, improving collaboration between vendors and retailers, translating supply chain costs to product pricing, lean inventory and real time replenishment. Wal-Mart should ensure that process differentiation to determine the right method of moving products with varying demand

Wal Mart Supply Chain Management Essay

2110 words - 8 pages ?t Know.? Accessed 5/2/04. http://www.fastcompany.com/magazine/77/walmart.html Heizer, Jay and Render, Barry. Operations Management. Seventh Edition. Pearson Prentice Hall. New Jersey, 2004. ?Stauffer v. Wal-Mart Stores, Inc.? US Department of Labor. Accessed 4/30/04. http://www.oalj.dol.gov/public/wblower/decsn/99sta21c.htm ?Wal-Mart Effect? Accessed 5/3/04. http://www.wordspy.com/words/Wal-Marteffect.asp.

Wal Mart Management Planning And Ethics Essay

1537 words - 6 pages Wal-Mart PAGE 1 Wal-Mart Management Planning and EthicsManagement: Theory, Practice, and Application MGT/330October 6, 2008IntroductionSam Walton founded Wal-Mart and started operations in 1962. It was in the 1980s when this company finally showed that it could succeed. In 1983, the company opened the first Sam's club, and in 1988, the company opened the first Supercenter (Frank, 2006). The company has had opposition, and some bad press

A Strategic Management Paper On Wal Mart

3324 words - 13 pages strategic management decisions, but also for its innovative implementation of those strategic decisions.Regarded by many as the entrepreneur of the century, Walton had a reputation for caring about his customers, his employees (or 'associates' as he referred to them), and the community. In order to maintain its market position in the discount retail business, Wal-Mart executives continue to adhere to the management guidelines Sam developed. Walton was a