Saturday, February 8, 2020
WAL-MART ORGANIZATION Essay Example | Topics and Well Written Essays - 1250 words
WAL-MART ORGANIZATION - Essay Example Nevertheless, history has a different story in the waves the organization has had to face on the way to todayââ¬â¢s position as a global player. The organization internal environment business model is based on value proposition, which rides of offering everyday low price. Distribution efforts in the organization are effectively planned to have the organization have direct contact with customers through media adverts as well as through such cheap means as internet. The organization has also effective customer relations through self-service as well as automated services for efficiency and effectiveness. It highly esteems basic resources spanning from the physical ones including logistics and physical stores, human resources as well as the organizational culture. The organization acknowledges the role of the forces of internal as well as external business environments in shaping the success of the business. Despite the internal organizational structure, the organization holds own emp loyees with esteem as critical part of the internal environment of the organization. Competition as an external factor has continuously influenced the operations of the organization with special attention being taken for the sake of monitoring and keeping pace with competitive developments in the industry (Davis, 2007). Among other notable strengths of Wal-Mart organization are growth and high returns through customer satisfaction, creating profits as well as enhancing value for shareholders. The capacity of the organization to expand continuously into new markets and opening new stores, integrating new online channels as well as upholding great success in innovation and... The great vision and dedication of the top management of the Wal-Mart organization ever since its establishment has been acknowledged to play a critical role in the success of the organization. Leadership has been seen to play a great role in the performance of the organization despite the competition pressures that have been pointed out to form the basis of derailing the organization from realizing the guiding mission. This would form my basis of recommendation to the management of the organization. Competition has become quite dynamic in almost all aspects of business dealings and no one business or industry is immune to the challenge. In this understanding, adoption of rather dynamic management practices is inevitable for an organization to keep pace with the global trends. Adoption of centralized inventory system through which management of the various chain stores of the organization is inevitable in order to have the organization realizes the strategic objectives and goals. I p ropose to the owner of Wal-Mart to uphold high levels of innovation and creativity in management practices in order to cut on the rising costs and command a competitive niche through continuously offering lower prices. This is because other competitors in the industry would rise in competition through exploiting these competitive niches while the Wal-Mart organization does not.
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