Wall Mart reccomendation
Recommendations:
To obtain their remarkable logistics system. Wal-Mart operates the world’s biggest private satellite communications system. This system allows it to track sales, inventory, process and regulate store temperatures all in real-time. Wal-Mart already has built many stores in foreign countries. Now it just needs to manage them efficiently and adapt to the local culture.
To obtain their brand reputation. Wal-Mart has exceptional brand reputation in the U.S., which is primarily due to emphasis on customer and community service. Wal-Mart also has excellent employee loyalty because it gives its employees profit sharing and stock ownership plans. This helps employees to think and behave like an owner of the company.
Should reassess the discount format—“everyday low prices”.
Wal-Mart 's “everyday low prices” slogan shapes all its business decisions, including the use of technology, branding, imports, and broad supplier and labor relations. Ortega (1998) writes that Wal-Mart saw its mission as simple: “offer the lowest price. Cut costs to the bone, and keep cutting so you can offer the lowest price.”George & Wilson” (2004) argue that Wal-Mart reduces complexity in its business strategies to maintain low costs by focusing on design simplification and centralized communication channels. For Bergdahl(2004), company founder Sam Walton 's low price mantra was solidified through the core business principles he espoused, such as treating the customer right, taking care of the staff, being honest in dealings, passing savings along to the customer, keeping things simple, thinking small, controlling costs, and constantly improving operations.
Should focus more on online selling and delivery
Maintaining a website is a low cost, so online selling and delivery will be convenient to all buyers and also to those communities without Wal-Mart stores. In this way Wal-Mart will increase it’s sales and market share.
Financial Resources are in
To obtain their remarkable logistics system. Wal-Mart operates the world’s biggest private satellite communications system. This system allows it to track sales, inventory, process and regulate store temperatures all in real-time. Wal-Mart already has built many stores in foreign countries. Now it just needs to manage them efficiently and adapt to the local culture.
To obtain their brand reputation. Wal-Mart has exceptional brand reputation in the U.S., which is primarily due to emphasis on customer and community service. Wal-Mart also has excellent employee loyalty because it gives its employees profit sharing and stock ownership plans. This helps employees to think and behave like an owner of the company.
Should reassess the discount format—“everyday low prices”.
Wal-Mart 's “everyday low prices” slogan shapes all its business decisions, including the use of technology, branding, imports, and broad supplier and labor relations. Ortega (1998) writes that Wal-Mart saw its mission as simple: “offer the lowest price. Cut costs to the bone, and keep cutting so you can offer the lowest price.”George & Wilson” (2004) argue that Wal-Mart reduces complexity in its business strategies to maintain low costs by focusing on design simplification and centralized communication channels. For Bergdahl(2004), company founder Sam Walton 's low price mantra was solidified through the core business principles he espoused, such as treating the customer right, taking care of the staff, being honest in dealings, passing savings along to the customer, keeping things simple, thinking small, controlling costs, and constantly improving operations.
Should focus more on online selling and delivery
Maintaining a website is a low cost, so online selling and delivery will be convenient to all buyers and also to those communities without Wal-Mart stores. In this way Wal-Mart will increase it’s sales and market share.
Financial Resources are in
References: The Organizational Structure of Starbucks, Unilever, and Wal-Mart; http://voices.yahoo.com/the-organizational-structure-starbucks-unilever-1495147.html?cat=3 Mechanistic Organization vs. Organic Organization; https://www.ordoro.com/blog/2012/07/15/mechanistic-organization/ Organizational change and job satisfaction: the mediating role of organizational commitment; http://www.exedrajournal.com/docs/01/177-196.pdf About Us. Wal-Mart Stores, Inc. http://walmartstores.com/AboutUs/ http://www.forbes.com/sites/stevedenning/2011/02/23/wal-mart-and-the-futility-of-traditional-management/ http://www.bukisa.com/articles/399599_assignment-1-human-resources-practices-at-wal-mart-case-study#ixzz1xUIvk2TD http://news.walmart.com/walmart-facts/