Walmart's management strategies inside and out

Essay by chalicegUniversity, Bachelor'sA+, May 2008

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Wal-Mart's Management Strategies Inside and Out

Melissa Trevino

Michelle Phelps

Cassandra Scott

James Bullard

Estella Smith

Chalice Golden

University of Phoenix

May 15, 2008

Wal-Mart's Management Strategies Inside and Out

Many consumers have become familiar with Wal-Mart and use it as one stop shopping for groceries and household items. The fact that Wal-Mart has become an icon in the discount retail world means Sam Walton's dream as been realized. His dream would not have come true had it not been for a team of managers and employees to help him along the way. The managers took care of the planning, organizing, leading and controlling necessary to ensure success. The tasks associated with those functions were delegated to thousands of employees. Those employees also enable the managers to keep up with external diversions such as globalization and internal concerns such as technology and innovation.

Executives are also concerned with guaranteeing that the diversity and ethics principles of the company are upheld. All of these factors must be considered within the scope of the four functions of management.

. Wal-Mart is leading in the retail industry sales; the company has 216 billion in sales the second largest company after Exxon Mobil. The corporation has 1.8 million staff, biggest private sector employment in the world. The company is committed to a diverse workplace that provides the associates opportunities to grow and develop. Wal-Mart feels in order to stay out in front of change today diversity is essential inside the company and externally with the shareholders.

Wal-Mart controls the market with low prices and a variety of merchandise. The company leads by offering low prices as a superstore with a mind set of everything in one location to provide the customers...