Wal-Mart Organisational Environment, Culture, Ethics and Business Strategies
1.0 Introduction
A business is considered to be the state of being busy for either as an individual or society doing a work that commercially viable and profitable to all its stakeholders. In order to achieve efficient and effective operation of the business activities, consequently leads the development of the concept of the contemporary business management theory. Almost every one of today’s business organization perform at least one or more of managerial functions like planning, organizing, leading and controlling together with its roles either in scientifically or traditionally.
Therefore in this assignment we will discuss more about organizational environment, cultures, ethics and business strategies and how these concepts are applied in the world of businesses. We selected Wal-Mart as our reference business organization and will be discussed in detail through the assignment parts.
* The background of the Wal-Mart Wal-Mart is a global discount retailer headquartered in Bentonville, a small city in Arkansas, USA. Wal-Mart is a public corporation, the largest public corporation by revenue, one of the biggest retailers in the world, and its stock is traded in several international stock exchanges. Sam’s Club and Marketside stores are operating divisions of Wal-Mart Corporation, in some international markets Wal-Mart stores trade under local names, ASDA in the UK, Bompreço in Brazil, Mi Bodega or Superama in Mexico, or Seiyu in Japan. The history of Wal-Mart is summarized below table as time line manner according to their official website.
Time line | Events and achievements | In 21st century | Today, 10,020 stores and club locations in 28 countries employ 2.2 million associates, serving more than 176 million customers a year. Their history is a perfect example of how to manage growth without losing sight of values. Our most basic value has always been, and always will be, customer service, they said. | In1980s |
A business is considered to be the state of being busy for either as an individual or society doing a work that commercially viable and profitable to all its stakeholders. In order to achieve efficient and effective operation of the business activities, consequently leads the development of the concept of the contemporary business management theory. Almost every one of today’s business organization perform at least one or more of managerial functions like planning, organizing, leading and controlling together with its roles either in scientifically or traditionally.
Therefore in this assignment we will discuss more about organizational environment, cultures, ethics and business strategies and how these concepts are applied in the world of businesses. We selected Wal-Mart as our reference business organization and will be discussed in detail through the assignment parts.
* The background of the Wal-Mart Wal-Mart is a global discount retailer headquartered in Bentonville, a small city in Arkansas, USA. Wal-Mart is a public corporation, the largest public corporation by revenue, one of the biggest retailers in the world, and its stock is traded in several international stock exchanges. Sam’s Club and Marketside stores are operating divisions of Wal-Mart Corporation, in some international markets Wal-Mart stores trade under local names, ASDA in the UK, Bompreço in Brazil, Mi Bodega or Superama in Mexico, or Seiyu in Japan. The history of Wal-Mart is summarized below table as time line manner according to their official website.
Time line | Events and achievements | In 21st century | Today, 10,020 stores and club locations in 28 countries employ 2.2 million associates, serving more than 176 million customers a year. Their history is a perfect example of how to manage growth without losing sight of values. Our most basic value has always been, and always will be, customer service, they said. | In1980s |