Walmart Part One
Management is the attainment of organizational goals in an effective and efficient manner through planning, organizing, leading and controlling organizational resource. Base on the company Walmart, the manager have doing his set objective, organize, motivate and communicate, measure and develop people. After that company growing he regionally for two decades, the affable “Mr Sam” transitioned to chairman of the board and set management’s sight on national and international expansion. Their first supercenter in 1988, moved into all 50 states by 1995, spread to 15 countries by 2005 and their also have the planned a global 50th anniversary for 2012.
Based on the articles “New Improved Walmart Hits No1 in Midst of Global Recession”, Walmart opened as a single store in Rogers, Arkansas, the retail giant has borne the stamp of Walton’s industriousness and ambition. Walmart makes the low prices sloganeering being No 1 has attracted powerful opposition from competitors, governments, unions and special interests. During the economic decline, Walmart created thousands of new jobs annually, expanded its operations overseas, launched a sustainable-business revolution, extended health coverage to 1.2million people, unveiled a hunger-relief program, developed 75 percent of store management from hourly associates and saved the average American household $3100 annually. The company’s recession-defying growth springs from a familiar-but-groundbreaking retail formula, unbeatable low prices made possible by high volume purchasing, ultra-efficient logistics and advanced supply chain technology but Walmart to sell merchandise at the very low prices and still make a profit. Walmart also private label their product across a range of categories from groceries and electronics to housewares and automotive. The changes culminated in the acclaimed “Save money. Live better”. The campaign that has expanded under the leadership of new CEO Mike Duke. Walmart also has plans in 2015 to add create industry new jobs to the economy, tackle world hunger, create industry benchmarks for sustainable business, elevate working conditions for global workers and roll back prices for increasingly cash-strapped global consumers.
In conclusion, Walmart already has a good management in their organization. We can see when during the same period of economic decline, Walmart still can make a profit.
Study Case
1. Why is innovative management important and how have Walmart’s leaders demonstrated innovation throughout the company’s history?
Innovative management important because the ideas and techniques in current use can trace their roots to these historical perspectives. In addition, innovative concepts continue to emerge to address management challenges in today’s turbulent world. The Walmart’s leaders demonstrated innovation throughout the company’s history when in 1969 after growing that company the Walmart’s leaders regionally for two decades, the affable “Mr Sam” transitioned to chairman of the board and set management’s sights on national and international expansion. Walmart opened as a single store, the retail giant has borne the stamp of the leader’s industriousness and ambition makes the company has hundreds of millions of customers worldwide who save money by shopping for all their needs at one convenient location. New a era of Walmart is emerging, the yellow “Smiley” mascot and the low price sloganeering has attracted powerful opposition from competitors, governments, unions and special interests. The company makes unbeatable low prices make possible by high volume purchasing, ultra-efficient logistics and advanced supply chain technology. Walmart want to sell their product at rock bottom prices and still can makes a profit. Walmart in a greener, more humanitarian light. The Walmart makes one campaign that is “Save money. Live better”. That campaign has expanded under the leadership of new CEO Mike Duke.
2. Which management perspectives of the past century influenced Sam Walton and Walmart? Explain.
At the past century influenced Sam Walton and Walmart the management perspectives of Walmat is Classical Perspective. Walmart more major in Administrative Principles. The administrative principles approach focused on total organization. After growing his company regionally for two decades the affable “Mr. Sam” transitioned to chairman of the board and set management’s sights on national and international expansion.
Social :
Walmart has created thousands of new jobs annually, that organizations also makes a hunger-relief program and extended health coverage to 12 million people. Walmart saved the average American household $3,100 annually. The company ‘s diverse workforce grew to more than 2 million people worldwide.The big box leader operated 8400 retail units in 15countries, including 2747 supercenters, 803 discount stores, and 596 Sam’ Club in the United States alone. Form the donation more than $400 million to charities and maintaining partnerships with suppliers.Their company motto is “Save money, Live better” also has the meaning to helped people.
Political :
The Walmart makes low price to show being No 1 has attracted powerful opposition from competitors, governments, unions and special interests. The new age of Walmart is fraught with legal and political contests that threaten Walmart’s brand, attack its profitability and undermine the cost-cutting formula on which the company is built.
Economics :
In 2015, Walmart plans to add 500000 new jobs to the economy, tackle world hunger, create industry benchmarks for sustainable business, elevate working conditions for global workers and roll back prices for increasingly cash-strapped global consumers.