Mgt/330 Wal-Mart Organizational Paper

Net income on the income statement: $2,377,000,000 ($5.37 per share), which is an increase of 15% compared to 2014.

In 2016, Wal-Mart’s income came in at $117.5 billion, which increased 1.4%, from the previous year.

In a society that has seen such a drastic downturn in the economy, people are searching for the best possible bargains they can find. People across the United States are looking for ways to save money; thus, searching for stores that will provide them with everything they need at a lower cost. Companies all over the United States are fighting to stay competitive and are seeking ways to restructure their company and still provide for consumers the best possible prices. Companies such as Wal-Mart do not have to change their structure to fit the demands of consumers because it already offers its customers brand name items

First, it is important to understand that Walmart, being the economic super power it is, developed extremely quickly. According to the Company Profile Walmart Stores, Inc., Walmart was established in 1969, and shortly thereafter in 1972 become publicly traded on the New York Stock exchange. As the company continued to grow, in the 1980’s the company diversified into Supercenters, Sam’s Club (membership warehouse club), and even international operations. Walmart expanded and began to sell household items (2000), the launch of their “No Boundaries” cosmetic line (2001), an online music store (2004), the completion of Walmart Site to Store (2007), Walmart prepaid debit cards (2007), their very own home furnishing brand “Canopy” (2008), and finally their very own line of Sam’s choice coffee (2008). In 2009 the company took a huge leap

In business, three major strategies comprising of cost leadership, differentiation, and focus strategies exist. The focus strategy emphasizes on providing services and products to a specified buyer group or market segment within a given geographic market. The differentiation approach is often defined as provision of services or products that are perceived to be unique in the market place. Wal-Mart emphasizes on the long-term strategy of cost leadership. Through this strategy, the company ensures that it offers customers with quality products at relatively lower prices than other providers in the industry. Through overall cost leadership strategy, Wal-Mart has been offering better quality products at a lower price than any competitor can offer. For the organization to achieve this goal, it has developed long-term supply chain management, which ensures that products are made available to the market at the required time (Enz, 2010).

Wal-Mart, the largest private employer in the globe and the third among the largest corporations in the world, is known to apply a wide range of logistic and supply chain techniques in meeting the dynamic demands from their clients. Additionally, the need to stay at the top in the world of business has made this concept mandatory for the multinational organization. Wal-mart, in its drive to achieve these ends has presented a number of implications, not only to the organization but also to its clients and the society at large (Fishman, 2006). Various positive attributes, say the history of the corporation, its application of information technology and computerized systems and the culture of the organization has, to a great extent catapulted the organization to great heights (Keil & Spector, 2005). Other attributed that have been of help to the organization and its client base include the corporation's strong global marketing procedures, practical distribution networks and strategic geographical locations just to mention but a few. On the negative side of the corporations activities and performance include the likes of rapacious pricing, poor labour and employees relations and poor working conditions among others.

Save money, live better this philosophy transformed an idea into a lucrative multinational corporation, Sam Walton’s vision, “To be the best retailer in the hearts and minds of consumers and employees” is the foundation of the Wal-Mart we know today. Wal-Mart Stores Inc. fostered on a vision with authentic leadership, paramount innovation, and the everyday consumer in mind began as a single discount store in a small town; today it has grown into the world's largest one stop shop retailer. Wal-Mart surpassed its competition in the retail industry, increasing its revenues of over 480 billion dollars. Wal-Mart Stores Inc. operates over 11,000 stores and warehouses worldwide; they house over 2 million employees, generating over 900,000 customers

The key facts and critical issues in the Wal-Mart Revised Its Marketing Strategy, is that Wal-Mart must do better with their pricing. Wal-Mart is declining sales and reducing profits. If Wal-Mart wants their loyal customer to return, things need to change. Wal-Mart has been ranked the number one non–oil company on the Fortune500 for the past nine years (Huang, Hansen, Anderson 2012). Critical issues are that the CEO is looking at other grocery chains. Wal-Mart promise to keep its everyday low prices. The company is looking to increase its promotion. For example, radio advertising increase, radio messages, and invest more in social media. Some key facts are Wal-Mart competitors are trying to compete. The company has even change their shelf space

Today with an annual revenue of $483 billion, Wal-Mart is the largest business worldwide. It has been very profitable for long-term stockholders to own stock in Wal-Mart. Regardless of the substantial success, there have been some struggles within the company in the past few years. In its fiscal 2014, Wal-Mart produced earnings-per-share of $5.11 and has declined since then. This was due to declines in net margins and sales.

For this assignment, Walmart stores Inc. will be looked at owing to the company’s ‘out of stock issues’ and the need for the entity to further integrate its digital services with the physical stores of the company to enhance profitability. The author selected Walmart for this research project because the two challenges mentioned can be rectified through technological applications that require time and the necessary level of investment to achieve success. Accordingly, for this paper, the writer endeavours to provide an organisational description of Walmart, which entails: organisational and governance structure, geographical location, potential population characteristics; technological challenges and possible solutions – regarding the company.

Their net sales are expected to increase in revenue in a range from three to four percent annually. Wal-Mart has projected an estimated forty to sixty billion dollars in annual revenue increases for the retail giant during this surge. This is remarkable as they continue to reinvent their marketing strategies to sustain their growth and top revenue (Business, 2016). References Ferrell, O., Hirt, G., & Ferrell, L. (2009). Business in a Changing World (7th ed.).

I think Wal-mart front office felt that the company was losing its edge because competitors had closed the pricing gap between the stores to mere pennies. Wal-mart has always been known for having lower prices. But if the prices between Wal-mart and other stores was not that big of a difference who could say Wal-mart is a better bargain. Wal-marts management understood that something had to be done and that their product needed to meet consumer’s needs if the store wishes to be successful (Ferrell, Hirt, Ferrell, 2016). Wal-mart tried to emulate what other stores such as Target had been effective in doing and failed badly. So Wal-mart began to focus on the things that made the store great in the first place. Wal-mart focused on groceries

Successful corporations in today’s business world must be able to employ different levels of planning in order to achieve goals put in place by senior management. Wal-Mart has many different levels of management planning in place to follow through on its goals and objectives. There are many factors that influence Wal-Mart’s strategic, tactical, operational and contingency planning. Although Wal-Mart has been a very successful corporation throughout its existence, it has had to absorb the impact of legal issues, ethics, and corporate responsibility in its management planning.

It is evident that Sam Walton believed in the importance of control systems in an organization; as he established certain strategic control systems in the company. Walton wanted everyone within the organization to be committed to Wal-Mart's goal "total customer satisfaction", and the strategic control systems were set accordingly.

Human Resources bear another competitive advantage of Wal-Mart. The retailer is eager to employ only people that agree totally with the philosophy of Wal-Mart and put all their effort to achieve the most possible success for their company. Furthermore, it is common to recruit graduates directly after education. The advantage of the company is the ability to influence the working behavior of the employees. In order to motivate the employees, they were involved into actively suggesting improvements in day to day operations, resulting in cost savings of 85 million US-$ in 1993. Additionally, it is possible for the employees to participate in shareholding and to obtain dividends of Wal-Marts profits. Looking at the top of the company, it is not important, which position every single management member takes in the