Walmart Human Resource Essay

1180 words - 5 pages


Organizing PaperMGT 330June 27, 2011Organizing PaperIntroductionIn 1962 Sam Walton had envisioned a store that would offer low prices to the consumer while treating the employee and consumer more as assets than as people. Sam Walton understood that if you offer low prices with a large selection along with treating the consumer with respect the store would develop a loyal customer base. With the use of organization and the basic function of management, Sam Walton turned a dream into reality by creating the largest retailer worldwide.Physical AssetsThe physical assets of Wal-Mart would include low prices, along with treating people with respect. Wal-Mart has developed a strategy that can ...view middle of the document...

Wal-Mart had developed a marketing strategy that would make them the largest retailer in the world. Wal-Mart until recently with the recession, had not felt the pressure of any other store taking business away from the retailer but the Dollar Store industry has done just that. Wal-Mart has developed a new marketing strategy to buy smaller stores, 20,000 sq to house the Wal-Mart express offering readymade meals along with a pharmacy and other consumables offered in the dollar store chains to combat the dollar store industry. In a recent article posted by the ABCNews.go.com "Wal-Mart's U.S. business has been chipped away by dollar stores, which have adroitly maneuvered the post-recession economy." (Source: http://abcnews.go.com/Business/wireStory?id=13753201).Human ResourceThe success of Wal-Mart is simple and it can be summed up in one word, people. Sam Walton understood the importance of having a company ran by people who had an interest in the company that is why he offered stock purchase through the company. Sam Walton had been quoted to say from his autobiography " If you'll just stay with me for twenty years, I guarantee you'll have $100,000 in profit sharing' Well, last time I checked, I had $707,000 in profit sharing, and I see no reason why it won't go up again." (Source: www.washingtonmonthly.com) The operational success can be contributed to the creative team and energy focusing on giving the consumer "low prices" focusing on customer service, theft protection and continuous improvements, training.KnowledgeWal-Mart uses demographics and knowledge of the customer base in the surrounding areas when factoring in the expansion of a new store or building site. With the use of information system Wal-Mart can collect information such as the rate of population, the employment rate and the general age of the population along with how the economy is, developing a model of the store prior to actually opening a store to see if the store would be in a profitable area. An example of Sam Walton's insight was when he had gone to...

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