Introduction to Management 2022 Report

Management
Introduction to management
Student’s name
8/9/2019

Introduction to management 1
Contents
Summary of organization................................................................................................................2
SWOT- formulating strategies.........................................................................................................2
Environmental constraints...............................................................................................................3
Stakeholders.....................................................................................................................................4
Organizational structure and design................................................................................................5
Motivating employees.....................................................................................................................5
Recommendations............................................................................................................................6
Control.............................................................................................................................................6
References........................................................................................................................................7

Introduction to management 2
Summary of organization
Wal-Mart, one of the renowned Australian corporations who mainly works as a chain of
superstore, grocery supplies, and the discounted departmental stores. By gaining achievement,
now it has become of the world’s major business with the revenue over US$500 billion. Around
2.2 million workers’ workings in the association. Moreover, Wal-Mart always upholds its
highest position with its effectiveness, strong logistic and supply chain administration. The main
aspect behind its achievement is adoption of low pricing strategies and thus, uses customer-
centric method to endure to be the market front-runner. Hence, it is openly operated family-
owned industry (Jurevicius, 2017).
Further, this report mostly displays about the various strategies after knowing about the
companies strength, weakness, opportunities and threats.
SWOT- formulating strategies
After the analysis of the internal strength of Wal-Mart, the advantages linked with it highlights
that they are following the customer- centric approach and targeting the large customers base.
Along with this, by making the innovative use of the knowledge and pother skills they are
covering up and targeting many locations in order to generate success not only in financial terms
but also in reputation aspect. Other than this, with the strategy of “ everyday low prices they are
targeting the large customers base along set itself as one of the cheapest shopping in the world
with good quality of products. Due this this, they have gained the strong market power over their
suppliers as well as competitors (Xu, SEJand, 2017).
Weaknesses aspect mainly highlights about companies shortfalls, which majorly hampers the
future success of the organization. Similarly, Wal-Mart with its strength also has certain
weaknesses, which affect the success of the organization, hence, for minimizing, or removing
those weaknesses companies needs to work over their employee treatment aspect and working
conditions, providing their labor the proper wages, incentives adequate healthcare facilities and
good working environment. Moreover, removal of the gender discrimination within an
organization and lastly applies various other different innovative strategies to win over its