Management Internal/External Factors Essay examples

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The Internal/External Factors of Management – Wal-Mart Stores, Inc.      In today’s world management must consider a wide variety of factors in order to establish an effective management plan. Wal-Mart Stores, Inc. is the world’s largest company and number one retailer, with this success a company this large needs to not only to look internally for solutions to their management objectives, they must also look outside of their business for additional resources. With the increase of technology and the easy access to virtually any information, Wal-Mart Stores, Inc. must be prepared to react to the multitude of demands made by consumers and suppliers. The rapid change of the retail industry from brick and mortar…show more content…
However, Wal-Mart has developed an equal opportunity program that set goals with timetables to provide equality in the workplace. In addition, they solicit feedback from their employees on an annual basis through a “Grass Roots Survey”. This enables Wal-Mart to have an updated understanding of the employee’s opinions toward their working practices and procedures. Wal-Mart also provides their associates with the opportunity to discuss issues and seek support through their Open Door Policy and Ethics Hotline. The successful implementation of these program will provide benefits throughout the organization      All managers and supervisors are responsible for implementing these goals and programs. This responsibility is measured in the same format as their performance toward other business objectives, such as sales and profitability. Wal-Mart takes pride in their employees and does their best to hire and train motivated individuals. According to Wal-Mart, “we believe that success requires both an environment where people are respected and valued, along with a talented workforce that reflect our diverse customer base.”      Wal-Mart strongly believes that in order to keep their steady clientele they must continue to have and grow strong relationships with not only their employees but their suppliers as well.      
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