Walmart Management - 1714 Words

Management Paper on Walmart Wal-Mart Stores: Managing Diverse Organizations By Angela L. Farrish Webster University Ms. Amy Thenor December 2011 Wal-Mart In 1970, Sam Walton the founder of Wal-Mart implemented an extremely significant warehouse distribution system. This new system evolved into Wal-Mart Stores Inc. and in that same year the company was publicly traded on the New York Stock Exchange. The company began to expand extremely rapidly throughout the 70’s. During this period Wal-Mart started incorporating pharmacies and auto service centers into its stores which incited even more growth. By 1979, there were 276 Wal-Mart stores in 11 states. During the early 1980’s Wal-Mart’s†¦show more content†¦This motivational strategy allows employees to benefit from their performance which will in turn make the company’s overall performance better. Home office management associates are eligible to receive additional compensation through stock options. Associates can become shareholders through the Associate Stock Ownership Plan. Wal-Mart also contributes 15% each year toward associate sto ck purchases. This contribution is capped at $1,800 each year. Since the typical Wal-Mart employee only makes between $6 and $7.50 per hour, most are unable to afford the stock options and only one in fifty associates participate in the program. Wal-Mart associates also receive 10% off selected store merchandise and are offered discounted child care through four national providers (Peterson Coleman). These benefits help Wal-Mart keep its best and brightest employees. Diversity Challenges Problems in businesses conducted across cultures often arise when individuals from one culture are not able to understand culturally determined differences. The most common difference is the language barrier if individuals are not fluent in the language. With individuals, who don’t speak the same language, the use of nonverbal cues can explain what is trying to be communicated. Nonverbal cues and behaviors vary from one culture to another. For example, people from the U.S. are taught to use direct eye contact when communicating; in manyShow MoreRelatedWalmart Organizational Management3452 Words   |  14 PagesWalmart Organizational Management Name Institution Affiliation Organizational Context Wal-Mart Stores Inc. or Walmart is a multinational retail organization that has numerous chains of large discount warehouse and general stores. The company was formed in 1962 by Sam Walton as a family-owned business. It was incorporated in 1969 and traded on the Stock Exchange of New York publicly in 1972. Since then this organization has grown strength to strength winning various accolades. In 1988, itRead MoreWalmart s History And Management2059 Words   |  9 PagesWalmart’s History and Management Walmart is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores and grocery stores. Wal-Mart controls over 11,500 stores in 28 countries around the world. It was founded in 1962 by Sam Walton. Walmart’s CEO is Doug McMillon and the Chairperson of Board of Directors is Greg Penner. Walmart as we know it today evolved from Sam Walton’s goals for great value and great customer service. He believed in leadershipRead MoreWalmart : Supply Chain Management1334 Words   |  6 Pageschain management is Walmart. In 1962, the first Walmart was open, so was Target and Kmart. Sam Walton was the founder of Walmart. Mr. Walton was known for his ways of being cheap in business and in his personal life. Walmart was mainly a success because of Mr. Walton’s wanted to keep costs low and then use the cost advantage to lower down prices even more than they were. After he did this he could then turn around and increase his volume in a product. It went round and round and now, Walmart standsRead MoreOperations Management Analysis For Walmart2766 Words   |  12 PagesOperations Management Analysis for Walmart I. Introduction Walmart is a multinational retail store based in the US. According to the Fortune Global 500 in 2015, it is the world’s largest public corporation. Its operations are organized into three divisions: Walmart Stores US, Sam’s Club, and Walmart International. The company has nine different retail formats, including supercenter, food and drugs, and membership stores. According to Yahoo Finance, Walmart is in the industry called â€Å"Discount,Read MoreWalmart Management Structure, Help Or Hindrance2847 Words   |  12 Pages Walmart Management Structure, Help or Hindrance Kristine Ehlebracht kbethwill@aol.com MGMT 591- Leadership and Organizational Behavior Prof. Van Apeldoorn August 5, 2014 Table of Contents Introduction Pg. 3 Problem Statement Pg. 4 Literature Review Pg. 5 Analysis Pg. 7 Solutions Pg. 9 Reflection Pg. 11 References Pg. 13 Introduction The company I am reviewing for this research paper is Walmart. Walmart is a global company that originated in the 1960’s byRead MoreWalmart: Organizing Funtion of Management1007 Words   |  5 PagesOrganizing Function of Management Organizing is defined as the assembly and coordination of the human, financial, physical, informational, and other resources needed to achieve goals. (Bateman Snell, 2009, pg. 20) This function is also referred to as the function used to build a dynamic organization. (Bateman Snell, 2009, pg. 20) When looking at the organization process Sam Walton the founder of Wal-Mart made sure from the very beginning to keep up with his competitors. In 1972 Kmart expandedRead MoreWalmart Information Management System773 Words   |  4 PagesWalmart Information Management System (IMS) Walmart is a retail giant that just about everyone in America has purchased something from them. It is a one stop shop for anything that a person could ever need. Walmart stores can be found anywhere in fact most people are less than an hour drive away from a Walmart store. Walmart’s success has put many companies out of business. The chains success is primarily from low prices and using an information technology system to meet customer demands givingRead MoreWalmart And Supply Chain Management Essay881 Words   |  4 Pagessupply chain management is Walmart. In 1962, the first Walmart was open, so was Target and Kmart. Sam Walton was the founder of Walmart. Mr. Walton was known for his ways of being cheap in business and in his personal life. Walmart was mainly a success because of Mr. Walton’s wanted to keep costs low and then use cost advantage to lower down prices to increase volume. It went round and round and now, Walmart stands as one of the largest retail s tores globally. Within the last ten years, Walmart has becomeRead MoreEssay on Walmart- Functions of Management2070 Words   |  9 PagesFunctions of Management Wal-Mart has several internal factors that affect the four functions of management. Two of these factors are diversity and ethics. Wal-Mart is a strong believer in diversity. â€Å"We make diversity part of our business plan, ensuring we can continue to be a global leader in all aspects of Diversity and Inclusion† (Diversity, para 1). Wal-Mart uses diversity at all levels of employment. Through diversity, Wal-Mart can use the four functions of management to achieve theirRead MoreCase Study : Walmart s Operations Management1202 Words   |  5 Pagescorporation. Since it is a big corporation I was mostly interested in learning more about the Walmart Corporation. Walmart’s operations management covers a mixture of concepts that focus on managing the supply chain and inventory, as well as sales performance2. The company has become successful because it follows an effective performance in operations management2. This paper will be giving some information about Wa lmart and how it came to be. Also, there will be an analysis of the different business operations