Walmart: Organizing Funtion of Management

1007 Words Apr 8th, 2012 5 Pages
Organizing Function of Management
Organizing is defined as the assembly and coordination of the human, financial, physical, informational, and other resources needed to achieve goals. (Bateman & Snell, 2009, pg. 20) This function is also referred to as the function used to build a dynamic organization. (Bateman & Snell, 2009, pg. 20) When looking at the organization process Sam Walton the founder of Wal-Mart made sure from the very beginning to keep up with his competitors. In 1972 Kmart expanded and at that time there were 15 Wal-Mart stores and Sam Walton could not afford to expand by building so he offered Wal-Mart stock on the New York Stock Exchange. Due to the large profit that occurred because of the sales of stock Wal-Mart could
…show more content…
(, 2010) Yet another issue they are constantly faced with is their wages.
Average Wal-Mart employees make anywhere from $ 12,000 to $ 17,000 which causes them to have to turn to the state for public assistance. Further reports show that employees on average take home less than $250 a week. (Business Practices, 2010) Full time employees make between $6 and $7.50 an hour and work from 28-40 hour weeks. According to Business Practices 2010 this pay scale indicates that employees of Wal-Mart with dependents are below the poverty line.
As mentioned previously the foreign exchange rate is a factor that Wal-Mart as a large retailer must beware of when maintaining their monetary and financial resources. Wal-Mart reported that fiscal year 2009 foreign exchange rates had a negative effect on international net sales by 2.3 billion. (, 2010) When compared to overall company net sales there was still a slight increase indicated despite the negative affect.
Wal-Mart also offer its employees various financial benefits to compensate stock option plans, employee’s discounts, profit sharing (401k plan), retirement accounts, and holiday and when
Open Document