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 "Wal-Mart's U.S. business has been chipped away by dollar stores, which have adroitly maneuvered the post-recession economy." (Source: 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: 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...

Find Another Essay On Walmart Human Resource

Wal Mart Essay

2603 words - 10 pages allows Walmart to stay up to date with all technology is the Information system division. The information system division handles mainly all of the technology and its problems. The main goal of this division is to increase efficiency of all systems and provide more information to use them successfully.      Human Resource or the Personnel Department is crucial for the proper functioning of the company. This department

Organizational Management Essay

1124 words - 4 pages /hub/Professional-EthicsHR Tutorials. (2011, May 12). Human Resource and Organizational Behavior. Retrieved from Tools. (2012). Organization Design. Retrieved from Corporate. (n.d.). About Us. Retrieved from, C. (2012). How Wal-Mart Works. Retrieved from

Wall-Mart Case Study

3883 words - 16 pages retail jobs, forcing small local businesses to close. Traffic Impact Traffic congestion, noise and air pollution, and multiple thousands of tractor trailer trips a year.� A New Kind of Blight Walmart has left vacant, abandoned stores throughout the country. Blight used to be an urban, industrial issue but Walmart has introduced to to communities across America. Walmart's Anti-Worker Policies International NGO Human Rights Watch

Analysis of an International Organization: Costco

1842 words - 8 pages Japan; 5 locations in Australia; 33 locations in 18 Mexican states” with this many locations Costco has a strong international presence. Human Resource Challenges The first common HR challenge is determining compensation for employees especially in the retail industry because it is known that retail workers are paid very low wages. These low wages make it difficult for companies in the retail industry to retain employees. They experience a

540 ADR-strategies-research Indiv WK2

2808 words - 11 pages alternative dispute resolution mechanisms include a Direct Dialogue Program where employees are encouraged to discuss any questions, problems, complaints or ideas with their immediate supervisor, who is supposed to respond to the employee's issue as quickly as they can. If the Direct Dialogue program doesn't fix the problem, the employee may opt to talk with their supervisor's boss or with someone from the Human Resource Department. The Barnett Bank

540 WK 2 ADR- Strategies-research

2808 words - 11 pages alternative dispute resolution mechanisms include a Direct Dialogue Program where employees are encouraged to discuss any questions, problems, complaints or ideas with their immediate supervisor, who is supposed to respond to the employee's issue as quickly as they can. If the Direct Dialogue program doesn't fix the problem, the employee may opt to talk with their supervisor's boss or with someone from the Human Resource Department. The Barnett Bank

Strategic Human Resources Research Paper

1712 words - 7 pages services along with a high quality product. This will cause a shift within the labor force particularly the sales department. All the changes and implementations are to happen in 90 to 180 days. A schedule of such tight magnitude will require a dedicated, educated, and company supported human resource (HR) department. The HR department will lead the staffing review efforts.Team B analyzed other businesses that have experienced some similarities to the

Value of Diversity in the Workplace

841 words - 3 pages productive work environment.Ramification of a Diverse OrganizationEven though there are many value in have a diverse workforce. The inability to manage diversity in the workplace can be extremely harmful and costly. Some feel that the cost of diversity will go up while President Obama is in office (Rubenstein, 2008).The cost of being diverse can be overwhelming. Some of the costs are: Diversity training staff to schedule workshops, human resource

Human Resource Management in Virtual Organizations

1204 words - 5 pages virtual organization to carry out its work. This book takes this further in addressing the crucial question, how do you do human resource (HR) functions in the virtual organization? This question is particularly relevant when you consider that most traditional HR functions-hiring, training, evaluating performance, and rewarding (or disciplining) performance-assume there will be face-to-face interaction as the basis for carrying out that

Design a Basic Compensation Plan for Wal-Mart in China

1897 words - 8 pages MGT509 - Human Resource ManagementEmployee Recruitment and SelectionBy:Dania HeavenCase Study, Module 4TUI UniversityDr. Sandra Rolfe, Core ProfessorDate: May 31, 2010Wal-Mart is one of the leading "one stop shop" retail stores in America. It has established it's above the rest of the competitors and also moved on to open international branch of Wal-Mart in different countries around the world. These have lead to the company become a diverse

Strategy Book Reviews and Five Product Strategy Plans

1370 words - 6 pages the evolution of strategy concepts from early military strategists (Sun Tzu) to more recent influential works such as Michael Porter’s ‘Five Forces’, Gary Hamel and C.K. Prahalad’s resource-based ‘Harmonic Strategy’, Richard D’Aveni’s new 7-S framework for hypercompetition, W. Chan Kim and Renée Mauborgne’s ‘Value Innovation’ and ‘Blue Ocean Strategy’, David P. Baron’s ‘Integrated Strategy’ that includes nonmarket strategy and Pankaj Ghemawat’s

Similar Essays

Value Chain Management Of Walmart Inc

2981 words - 12 pages ) explain Enterprise Resource Planning (ERP) is an enterprise-wide information system, coordinate information for planning and controlling all operations activities, help to manage business processes, using a common database and shared management reporting tools. Operations and thus adding value. Walmart ERP share common data, produce and access information in a real time environment, computerized inventory control and production planning, ability

International Baccalaureate Business Ia Lees Summit High School 11th International Baccalaureate Business Ia

1024 words - 5 pages skills; Institute flexible work schedules, allow the employees to pick their on ours to keep them motivated; Reward good work, give the employees rewards for the work they do to keep them wanting to do more. SWOT Analysis on Walmart Outsourcing Strengths Weaknesses · A focused strategy is in place for human resource management and development. People are key to Wal-Mart's business and it invests time and money in training people, and retaining a

Walmart: Part 6 Essay

749 words - 3 pages Walmart dominates the retail industry with respect to the value chain, Porter’s five forces of competition, and the low price leadership and differentiation strategy. The major strategic change the company should consider implementing is the strategy of human resource management. The number one complaint of every shopper is that Walmart does not have enough employees to help the customers. This is the one obstacle that could cost Walmart the

Information Systems In Supply Chain Management

6098 words - 24 pages customer preferences, or simply by their specific characteristics, such as resource constraints. Despite that fact, this paper aims to research the success of information technology adoption in Walmart Stores, Inc. to answer the question of any lessons can be drawn and learnt by Vietnamese wholesale/retail companies. 5 I. LITERATURE REVIEW 1. Supply Chain Management The term "supply chain management" entered the public domain when Keith Oliver, a