Business Management Final Paper
Univ-201-1202A-23 Management Fundamentals
Wal-Mart’s mission statement is “Save people money, so they can live better”. I believe their mission statement really speaks to the company’s main focus and that is people, whether that is their external customer, internal customer or their employees. It is clear that they understand that one of; if not their most precious resource is people. Because this is a retail oriented business, their success is directly related to their level of sales. Sales can equal profits and profits usually spell growth for a company.
There are several aspects that drive the sales of any company but a company is only as good as the employees that help run the organization. If the employees are not dedicated to working towards the goals and the mission of the organization, the sales of the company are sure to reflect that.
A company’s management team projects an important reflection onto the company in the public eye as well as on its internal employees and largely determines how well a company is run and how much success it will achieve. Wal-Mart’s management team is very diverse and come from various backgrounds which combined brings a very wide range of experience to the company. They also seem to believe in looking for talent from within the company, something I believe is an excellent idea, whenever it is possible. Many of the members of the top management team have been long standing employees and have been promoted from within. The longevity of the careers of many members of the management team says a lot about the company and how much they value their human resources. Even in the midst of the economic downturn Wal-Mart’s 2011 fiscal year saw very healthy gains in 2 of their 3 divisions: Wal-Mart International and Sam’s Club. Although Wal-Mart US did not see a gain, its net sales exceeded $260 billion. The company faces a unique issue with the US division in that with the addition of more US stores,
Wal-Mart’s mission statement is “Save people money, so they can live better”. I believe their mission statement really speaks to the company’s main focus and that is people, whether that is their external customer, internal customer or their employees. It is clear that they understand that one of; if not their most precious resource is people. Because this is a retail oriented business, their success is directly related to their level of sales. Sales can equal profits and profits usually spell growth for a company.
There are several aspects that drive the sales of any company but a company is only as good as the employees that help run the organization. If the employees are not dedicated to working towards the goals and the mission of the organization, the sales of the company are sure to reflect that.
A company’s management team projects an important reflection onto the company in the public eye as well as on its internal employees and largely determines how well a company is run and how much success it will achieve. Wal-Mart’s management team is very diverse and come from various backgrounds which combined brings a very wide range of experience to the company. They also seem to believe in looking for talent from within the company, something I believe is an excellent idea, whenever it is possible. Many of the members of the top management team have been long standing employees and have been promoted from within. The longevity of the careers of many members of the management team says a lot about the company and how much they value their human resources. Even in the midst of the economic downturn Wal-Mart’s 2011 fiscal year saw very healthy gains in 2 of their 3 divisions: Wal-Mart International and Sam’s Club. Although Wal-Mart US did not see a gain, its net sales exceeded $260 billion. The company faces a unique issue with the US division in that with the addition of more US stores,