Strengths Wal-Mart Stores‚ Inc.‚ branded as Walmart‚ is an American multinational retail corporation that runs chains of large discount department stores and warehouse stores. The company is the world’s third largest public corporation‚ the biggest private employer in the world with 2.2 million employees and is the largest retailer in the world. Walmart is also one of the world’s most valuable companies. First of all‚ Walmart has good reputation for convenience and their low price strategy
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Walmart Stores‚ Inc. (NYSE: WMT) branded as Walmart since 2008 and Walmart before then‚ is an American multinational retailer corporation that runs chains of large discount department stores and warehouse stores. It is the biggest private employer in the world with over 2 million employees‚ and is the largest retailer in the world. Walmart operates retail stores in various formats around the world and is committed to saving people money so they can live better and more comfortable. Walmart earns
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• "People think we got big by putting big stores in small towns. Really‚ we got big by replacing inventory with information." Sam Walton‚ Founder of Wal-Mart SWOT analysis of Walmart This is Walmart Stores Inc. SWOT analysis for 2013. For more information on how to do SWOT analysis please refer to our article. Company background Name Wal-Mart Stores Inc. Industries served Retail Geographic areas served Worldwide Headquarters Bentonville‚ US Current CEO Mike
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the four basic functions that make up the management process? How are they related to one another? The four basic functions that make up the management process are: planning & decision making‚ organizing‚ leading‚ and controlling. Planning is setting an organization’s goals and deciding the best way to carry them to fruition. Decision making‚ which is also apart of the planning process‚ involves choosing a course of action from a set of alternatives. Organizing involves determining
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Development and Training Walmart is a world leader in helping to save people money‚ but the company also strives to provide excellent customer service. This paper will address the training and development of Walmart’s employees to uphold this value. Through one-on-one training mixed with online courses‚ the HR department of Walmart can achieve this goal. The Training Need Walmart’s training needs are to have training classes for customer service provided to all Walmart associates including
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Walmart has three basic beliefs. Respect for the individual‚ service to the customer‚ striving for excellence. They use these beliefs to show the types of attitudes that create an honest‚ fair‚ and legal work environment. Walmart’s Statement of Ethics is very well organized. At the very beginning is a Table of Contents that will easily guide you through the Statement. You will then find a message from the Chief Executive Officer. Next‚ you will get into how to use the statement of ethics and
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Dictionary Online‚ 2013) Walmart holds many accolades in the business world. It bosts over $400 billion in revenue annually. If this number were converted into GDP Walmart would have a larger economy than many countries combined and make it the 23rd largest economy in the world. Walmart and its holdings employs over 2.1 million employees making it the largest employer in the United States. What does this mean? It means Walmart is a bohemoth in the business world. Walmart has successfully made itself
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This essay serves to identify the similarities and dissimilarities of the work of two managers from two different organisations and the extent to which Henri Fayol’s management functions are relevant to their work. Manager 1 works at a Woolworths Food retail store at a shopping centre called Featherbrooke Village in Ruimsig‚ Roodeport‚ Johannesburg‚ South Africa. Woolworths is a South African based retailer that specialises in clothing‚ food‚ home ware and beauty products and was founded by Max Sonnenburg
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manager ’s job consists of planning‚ organizing‚ staffing‚ motivating‚ leading and controlling the resources of the organization. These functions also include counseling and coordinating with subordinates and peers. These resources include people‚ jobs or positions‚ technology‚ facilities and equipment‚ materials and supplies‚ information‚ and money. Managers work in an energetic environment and must foresee and adapt to challenges." Eight Managerial Functions Planning Planning involves selecting
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The most basic function that a manager is responsible for is to focus the people of the organization in performing work activities to accomplish desired goals. No matter the size of the organization‚ a manager is responsible for the planning and executing of the efforts of its team members in achieving the necessary objectives of its mission. There are four primary functions of managers known to many as POLC. These very important functions are planning‚ organizing‚ leading‚ and controlling. These
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