Walmart Organizational Management

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Walmart Organizational Management Name Institution Affiliation Organizational Context Wal-Mart Stores Inc. or Walmart is a multinational retail organization that has numerous chains of large discount warehouse and general stores. The company was formed in 1962 by Sam Walton as a family-owned business. It was incorporated in 1969 and traded on the Stock Exchange of New York publicly in 1972. Since then this organization has grown strength to strength winning various accolades. In 1988, it was ranked as the most profitable retail business in America outselling competitors such as K-Mart and Sears in the retail business (Fishman, 2006). It was founded on Sam Walton’s quest for providing goods and services at relatively low or…show more content…
This has made it become the ultimate choice for many customers as a variety of quality goods and services are accessed under one establishment. Its high number of stores world over has made it an enviable brand that has penetrated in different markets with tailored products. Regulatory Group: Walmart as a multinational brand employs internal self regulation through its regulatory group, the Global Ethics Office. It has a Statement of Ethics that govern its operations worldwide with associates and third parties (Fishman, 2006). The associates in this case are citizens of different nationalities who are subjected to different customs, cultures and laws. Third parties covered in this statement are consultants, suppliers, law firms, contractors, public relations firms and other service providers. This statement of ethics provides rules and regulations that govern all relationships and operations that the organization partakes. The Global Ethics Office receives ethical concerns and issues that face the organization and has mechanisms to ensure that Walmart enforces discipline and quality delivery of services. It also takes into consideration customer complaints and suggestions. General Environment Economic Environment: Despite several cyclical economic downturns, Walmart has continued to record sales growth. The company’s global associates have been doing relatively well in terms of sales and job creation. This financial year alone, this
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