Wal-Mart Decision Making Model for Growth Plans

This article discusses the decision-making model used by Wal-Mart for growth plans. It includes the company's growth plans, decision identification and model used in decision making, decision maker's growth plan for success, and conclusion. The article also mentions the subject, course code, and college name.

Running Head: MANAGEMENT 0
Walmart
Decision Making Model
5/23/2019

MANAGEMENT 1
Contents
Introduction......................................................................................................................................3
Company’s Growth Plans................................................................................................................4
Decision Identification and Model used in decision making in the organization............................5
Decision Maker’s Growth Plan for success.....................................................................................6
Conclusion.......................................................................................................................................7
References........................................................................................................................................8

MANAGEMENT 2
Introduction
Wal-Mart is an organization located in America, which is a multinational retail
corporation business. Wal-Mart includes a group of hypermarkets, discount department stores,
and grocery stores. Wal-Mart is included in the company having one of the largest revenue of the
world. Wal-Mart’s headquarter is situated in Bentonville, Arkansas and it was founded in 1962,
by Sam Walton. As per the information, it has been analyzed that Wal-Mart has various stores,
almost 11,368 stores, and clubs in 27 countries (Walmart, 2019). Wal-Mart has operated by the
55 different names.
This assessment includes the whole information of the Wal-Mart that includes the
decision-making plans used by the company for the better growth in markets. The company runs
in the United States and Canada. The company was incorporated as Wal-Mart on 31 October
1969 and changed its name to Wal-Mart Stores in the year 1970. The company started with the
trading stock and soon listed on the New York Stock Exchange. The company is increasing its
growth in the market day by day (Azadnia, et. al., 2015).

MANAGEMENT 3
Company’s Growth Plans
There are many growth plans used by Wal-Mart to get the proper growth in the
organization. These growth plans are very important for the organization as it guides the
managers of the organization to achieve the proper growth in the market. Wal-Mart growth plans
are totally based on the increase in revenue in the market and achieve better profitability in the
market. The plan for the growth of Wal-Mart is intended to increase the proper value of the
shareholders (Aivazidou, et. al., 2016). The organization making new stores and accelerating the
part of remodels as this is used to attract the customers. The organization can change its
international plans to increase economic growth and increase the various benefits and
opportunities in the emerging markets.
The growth plans can include in the organization and help in taking several decisions
regarding the growth of the organization. The decisions are totally based on growth plans. In the
year ending, 31 January 2010, the company expectation is to add 38 million sq. ft. at the global
level. Wal-Mart focuses on the improvement of returns of the supercenter format by increasing
the growth of the design related to new stores. This process is responsible to give great returns.
The other growth plan of the organization is to use the method of expanding and remodeling. For
the organization, the remodeling is important as it increases the investment and improves the
operating productivity and efficiency, which is totally based on the club layout of the particular
organization. By this club plans the remodel is set among 50 and 55 clubs by year –end and it is
expecting by the organization to remodel between 70 and 90 clubs as in the next year (Jones,
2013). The other major growth plan of the organization is to invest outside from the U.S. that is
definitely increased the growth markets. His includes in one of the better growth strategy that
implements the major growth in the organization.

MANAGEMENT 4
Decision Identification and Model used in decision making in the organization
The decisions play an important role in the growth of the organization and it overall
increases the profitability of the organization. The decisions of the business are very important in
running the business smoothly and the managers need to know the decisions and take the
decisions, which are related to the better growth of the organization. Decision making is one of
the most critical activities in the organization. The decisions taken in the organizations are based
on collecting proper and relevant information related to the business. The business organization
takes decisions only after gathering proper information (Peterlin, et. al., 2015). The Wal-Mart
decisions are based on the individual only and he takes the decisions only after consulting with
other groups of the business. Wal-Mart taking decisions for getting investment outside the
country and explore the business at an international level. By taking certain decisions related to
the organization, the influences can be decreased from a particular business. Sometimes Wal-
Mart taking the poor decisions, which affect the overall decision-making process. (Ferrell and
Fredrich, 2015). As Wal-Mart failed in analyzing, the Germany market and they cannot compete
with the local firms of Germany so they quit the Germany market. One time the Wal-Mart taking
the decision of using the child slave labor in Bangladesh, which gives various bad effects on the
organization.
Wal-Mart opted the rational model of decision-making, which gives good effects on the
organization, and it increases the attraction of customers because this model guide properly to
the organization as per the requirements of the organization (Brown-Liburd, et .al., 2015). By
the rational model of decision-making, the members of the organization easily notice an issue he
needs to become proper as per the business. The organization implemented the process of
decision-making.

MANAGEMENT 5
Decision Maker’s Growth Plan for success
The organizational decision maker’s plan for growth is very essential for the better
growth of the organization. These decisions include the proper system of the organization and
the proper planning that includes the growth of the business in the market (Rehman, et. al.,
2012). The decisions are taken by the organization taken the business towards success and
increase the profitability in the organization. The managers of Wal-Mart are very active in taking
decisions regarding the success or the operations used in the business organization. The
operations management of Wal-Mart taken the business towards the approaches related to the
supply chain and inventory process. The company performance effective performance in the
market by taking better decisions regarding the organization.
Wal-Mart taken the decisions on the various areas like the better design of goods and
services so the customers get attracted towards the organization, maintain the quality of the
products, manage the process and capacity of the organization, regarding the location strategy of
the organizations, regarding the human resources and job design and betterment of the layout
design and strategy (Kugler, et. al., 2012). The major decision of the Wal-Mart is based on the
supply chain management, as they believe that the supply chain management is one of the
essential decisions taken for the betterment of the organization (Lerner, et. al., 2015). The other
main decision is taken regarding the maintenance of the organization. By taking these above
decisions, the organization improves its productivity and achieves better profitability in the
market.
By taking all these decisions in Wal-Mart then the company going towards success and
achieve a lot of achievements in the business market (Tshilidzi, 2015). By taking several
decisions, the organization increases its performance in the business market and attains a better
growth in the international and national market of the business.

MANAGEMENT 6
Conclusion
This part of the assessment includes the overall conclusion of the whole assignment. The
report has been discussed about the decision-making model of the organization which increases
the performance of the business. Wal-Mart has been chosen in this report to analyze the decision-
making of the organization. The various plans for the achievement of growth have been
discussed in this report. Wal-Mart has taken the decisions for the betterment of the organization
and business achievement better growth by using the growth plans in the market. The decisions
taken by the organization increases the profits of the business and it improves the overall
productivity of the organization.
The report includes the decisions taken by the organization for the improvement of the
business. Wal-Mart uses the rational model of decision making for taking the several decisions
of the organization and it increases the overall productivity of the organization. The decisions of
Wal-Mart have been discussed in this assessment.

MANAGEMENT 7
References
Aivazidou, E., Tsolakis, N., Iakovou, E., & Vlachos, D. (2016). The emerging role of the water
footprint in supply chain management: A critical literature synthesis and a hierarchical
decision-making framework. Journal of Cleaner Production, 137, 1018-1037.
Azadnia, A. H., Saman, M. Z. M., & Wong, K. Y. (2015). Sustainable supplier selection and
order lot-sizing: an integrated multi-objective decision-making process. International
Journal of Production Research, 53(2), 383-408.
Brown-Liburd, H., Issa, H., & Lombardi, D. (2015). Behavioral implications of Big Data's
impact on audit judgment and decision making and future research directions. Accounting
Horizons, 29(2), 451-468.
Ferrell, O. C., & Fraedrich, J. (2015). Business ethics: Ethical decision making & cases. Canada:
Nelson Education.
Jones, G. R. (2013). Organizational theory, design, and change. Upper Saddle River, New Jersy:
Pearson.
Kugler, T., Kausel, E. E., & Kocher, M. G. (2012). Are groups more rational than individuals? A
review of interactive decision making in groups. Wiley Interdisciplinary Reviews:
Cognitive Science, 3(4), 471-482.
Lerner, J. S., Li, Y., Valdesolo, P., & Kassam, K. S. (2015). Emotion and decision
making. Annual review of psychology, 66, 799-823.
Peterlin, J., Pearse, N. J., & Dimovski, V. (2015). STRATEGIC DECISION MAKING FOR
ORGANIZATIONAL SUSTAINABILITY: THE IMPLICATIONS OF SERVANT
LEADERSHIP AND SUSTAINABLE LEADERSHIP APPROACHES. Economic &
Business Review, 17(3).
Rehman, R. R., Khalid, A., & Khan, M. (2012). Impact of employee decision making styles on
organizational performance: in the moderating role of emotional intelligence. World
Applied Sciences Journal, 17(10), 1308-1315.

MANAGEMENT 8
Tshilidzi, M. (2015). Causality, correlation and artificial intelligence for rational decision
making. Singapore: World Scientific.
Walmart, 2019. Location Facts. (Online) Available at: https://corporate.walmart.com/our-
story/our-locations (Accessed 23 May 2019).