Essay about Management Internal/External Factors

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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 stores to Internet purchases…show more content…
In 2003, Wal-Mart was the national's largest employer of Hispanics and African Americans. This organization has steadily increased the number of management positions, which are held by minorities and women. Wal-Mart stands by their claim "whether you want to run the largest private truck fleet in the nation or run a high-volume store, the opportunity can exist for you." Wal-Mart has been and continues to be committed to providing all employees training and developmental resources that will ensure to help them achieve their present and future career goals. They have numerous training tools, which include but are not limited to classroom courses, computer-based learning, distance learning, corporate internet sites, mentor programs, satellite broadcasts, skill assessments, and job announcements. These tools have been successful in aiding the career enhancement opportunities of women and minorities. In fact for two consecutive years, Wal-Mart has been ranked among Training Magazine's Top Training 1000 companies. Wal-Mart reiterates throughout their training process the importance of respect and equality. In this fast paced world we find ourselves in, circumstances change in the blink of an eye. Wal-Mart Stores, Inc. has found a way to not only stay in tune with the times but also
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