Wall Mart for American Retail Supermarket

Question:

Write an essay on wall mart.

Answer:

Wal-Mart is an American retail supermarket that was founded in the year of 1962 by Sam Walton (Walmart, 2016). The major products of the company are grocery, electronics, home and furniture, jewelry, pet supplies, movies and music, home, and furniture. The Fortune Global 500 list indicates that Wal-Mart is the world’s largest company regarding revenue (Walmart, 2016). The company has more than 11000 stores all over the world having more than 2 million employees (Walmart, 2016). Total income of the company is US$ 480 billion (Walmart, 2016). Wal-Mart is a company owned business. Walton family runs the business as they have 50% of the company share.

The company was listed on the New York Stock Exchange in the year of 1972. During the 1990s, the company had become from a regional to a national business giant. Presently the organization has four market divisions. They are such as Wal-Mart US, Sam’s Club, Wal-Mart International and Global e-commerce (Becker, Kugeler & Rosemann, 2013). Presently the company has more than ten subsidiaries all over the world. They are such as Asda, Massmart, Wal-Mart Mexico, Lider, Vudu, Centroamerica and many others. The market slogan of the company is “Save money. Live Better.” The company is presently facing employee issues that affect the business performance of the organization. In order to solve these issues, compensation structures for the managers have been provided so that they can handle employees effectively.

Analyzing the organization from a business perspective

The vision of the company is developed in accordance with the desire of the company founder Sam Walton. The vision of the company is “To become the best retailer I n mind and hearts of the customers and employees.” The aim of the company is to achieve the top position in the retail market. From the vision statement of the company, it can be analyzed that customers and employees are the primary concern of the company (Mowday, Porter & Steers, 2013). The company has a realistic influence on the minds of customers and employees in the context of financial benefits.   Robbins et al. (2013) stated that all the strategic decisions are taken by the organization Wal-Mart straightly manifests the company mission. The mission of the company is “Saving the money of people so that they can live better.”

Analyzing the sustainable competitive advantage of the organization

The company uses cost-leadership generic strategy depending on the Porter’s model in order to gain sustainable competitive advantage in the retail market (Luciana et al., 2012). The mission and vision of the company are developed depending on the strategic choices of the organization.

Evolution of success

The company is successful to gain a sustainable competitive advantage so far, and it can achieve its mission and vision with the help of Wal-Mart’s generic strategy.  Customers are able to save their money with the help of Wal-Mart’s low selling prices (Pryke & Smyth, 2012). One of the primary objectives of the organization is to lower the price with the help of cost reduction technique. As Kogg and Mont (2012) mentioned that, effective implementation of information technology helps the organization to increase its operational efficiency. It has been found that the company has reduced employee wages for these purposes. One of the major strategic objectives of the organization is to keep the operation cost low. In order to meet this objective, the company reduces wages and investment in other sections (Muogbo, 2013). In order to minimize the price of products, the company tries to maintain high sales volume and the enormous scale of operation.

Analyzing the organization from an HR 

The owner of the business Wal-Mart provides so much value to their employees that the HR department of the company is known as People’s division (Pryke & Smyth, 2012). The HR mission of the organization is to develop an organizational bridge between employees and management team and influence them in order achieve the organizational goal (Muogbo, 2013). As a major business partner, the People’s division of the company dev elopes seven important strategies to align its business strategies with the HR practices of the enterprise.   They are such as:

Protecting price advantage of the company

Focus on people to ensure operational success

Increasing cultural commitment to ensure operational success

Developing healthy relationship with consumers

Development of talent pool to hire skilled employees

Increasing focus on employees to reduce expenses

Aligning organizational objectives with  HR functions

Two major incentives strategies that can be used to motivate managers

The management of Wal-Mart behaves strictly with their employees, which decreases the job satisfaction level of employees. As Becker Kugeler and Rosemann (2013) mentioned managers have a crucial role in an organization. They help to increase profitability for an organization.  Hence, the company Wal-Mart has thought to provide them incentives so that they handle their tasks efficiently. There are two major incentive strategies will be taken by the organization Wal-Mart. They are such as annual bonus and individual rewards.

As Muogbo (2013) stated that annual bonus is designed to provide the short-term performance to the managers. It is tied to the profitability of the company. Most of the organizations derive the eligibility of managers depending on different factors. These factors are such as job level, salary, and discretionary considerations. As Kogg and Mont (2012) mentioned that the percentage of bonus or incentives for managers can be determined by analyzing the impact of the jobs on the company profitability.

Increasing individual awards is another strategy to improve motivation level of managers within the enterprise. Depending on the individual performance of executives and their personal capability to improve organizational performance, the company must provide an individual award to the directors (Becker, Kugeler & Rosemann, 2013).

Analyzing the ways in which these strategies can help to achieve the organizational goals

There are five primary ways in which these strategies can help managers of Wal-Mart to change their approach to controlling employees (Mowday, Porter & Steers, 2013).  These factors are given below: 

Aligning the individual interest of employees with the organizational objective of Wal-Mart

Managers need to take genuine interest in the future path of career growth of employees

Developing better work-life balance to increase job satisfaction level of Wal-Mart’s employees 

Listening to all the problems of employees and try to solve those problems

Provide empowerment to the employees so that they can take important decisions in critical conditions.

Reference list

Becker, J., Kugeler, M., & Rosemann, M. (2013). Process management: a guide for the design of business processes. Springer Science & Business Media.

Kogg, B., & Mont, O. (2012). Environmental and social responsibility in supply chains: The practice of choice and inter-organisational management. Business Economics, 83, pp.154-163.

Luciana, M., Wahlstrom, D., Porter, J. N., & Collins, P. F. (2012). Dopaminergic modulation of incentive motivation in adolescence: age-related changes in signaling, individual differences, and implications for the development of self-regulation. Developmental Psychology, 48(3), pp.844-850.

Mowday, R. T., Porter, L. W., & Steers, R. M. (2013). Employee—organization linkages: The psychology of commitment, absenteeism, and turnover. Academic Press.

Muogbo, U. S. (2013). The Impact of Employee Motivation on Organisational Performance (A Study Of Some Selected Firms In Anambra State Nigeria). The International Journal of Engineering and Science, 2(7), pp.70-80.

Pryke, S., & Smyth, H. (2012). The management of complex projects: a relationship approach. John Wiley & Sons.

Robbins, S., Judge, T. A., Millett, B., & Boyle, M. (2013). Organizational behavior. Pearson Higher Education AU.

Walmart.,. (2016). Walmart. Walmart.com. Retrieved 10 June 2016, from 

The primary purpose of referencing in an essay is to acknowledge the sources of borrowed information from someone else’s work. But following Harvard referencing and oxford referencing can be tricky sometimes, and students are often found struggling with it. If you want reliable essay writing service, choose BoomGrades.com who has some of the finest editors in the UK in its team.

Get in touch with BoomGrades.com today to get the best assignment help and writing service at the best price.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Boom Grades
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
English comp
Got a 94% thank you!
Customer 452509, June 27th, 2021
english comp
Great paper and done before the deadline. Thank you
Customer 452509, June 15th, 2021
English 101
perfect! thanks!
Customer 452543, December 1st, 2021
Exercise Science
Thank you so much for your time.
Customer 452545, December 5th, 2021
Classic English Literature
Great Work as Usual. Thank you . I received an A on the paper!
Customer 452531, November 9th, 2021
Religious studies
I recommend this service they always help. I got an A in this project thanks.
Customer 452507, October 5th, 2021
Medicine
Great content.
Customer 452549, February 8th, 2022
Literature
Absolutely LOVE having help especially from the person who wrote this last one. THANK YOU
Customer 452529, November 19th, 2021
Classic English Literature
Awesome Job... you are the best!
Customer 452531, November 27th, 2021
english comp
Thank you for all your hard time.
Customer 452509, June 27th, 2021
world civilization
Thank you for the quick response
Customer 452509, June 27th, 2021
Classic English Literature
Absolutely LOVE the essay I received. I really appreciate it so much.
Customer 452529, October 25th, 2021
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat