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Performance and Compensation Management

   

Added on  2023-03-20

20 Pages5279 Words55 Views
Leadership ManagementLanguages and CultureEconomics
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Running Head: PERFORMANCE AND COMPENSATION MANAGEMENT
Performance and Compensation Management
Student’s Name
University Name
Author’s note
Performance and Compensation Management_1

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PERFORMANCE AND COMPENSATION MANAGEMENT
Table of Contents
1. Introduction..............................................................................................................................3
2. Organisational background.......................................................................................................3
3. International expansion............................................................................................................4
4. Environmental analysis of Walmart.........................................................................................4
External environment...................................................................................................................4
Socio cultural factors................................................................................................................4
Technological factors...............................................................................................................5
Political and legal factors.........................................................................................................6
Economic factors......................................................................................................................6
5. Internal environment analysis..................................................................................................6
Corporate structure.......................................................................................................................7
Analysing the resources of Walmart............................................................................................7
Physical resources....................................................................................................................7
Intellectual and intangible resources........................................................................................8
6. Cultural analysis.......................................................................................................................8
7. Porter's five forces analysis......................................................................................................9
Bargaining power of suppliers.....................................................................................................9
Threat of new entrants................................................................................................................10
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PERFORMANCE AND COMPENSATION MANAGEMENT
Threat from substitute products.................................................................................................10
8. SWOT analysis.......................................................................................................................11
Strengths.....................................................................................................................................11
Weakness...................................................................................................................................11
Opportunities..............................................................................................................................11
Threats........................................................................................................................................12
9. Competitive advantage of the organisation............................................................................12
Recommended Strategies...........................................................................................................12
10. Reference List and Bibliography........................................................................................16
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PERFORMANCE AND COMPENSATION MANAGEMENT
1. Introduction
In the initial section of assignment, detailed description of the chosen organisation Walmart and
the industry have been provided. In this context, external and internal situation analysis of the
company has been done. Analysis of the Macro environmental factors affecting the strategic
planning of the organisation, pestle analysis has been conducted. The micro environmental
factors also have strong impact on the strategic decisions undertaken by the organisation. SWOT
analysis have also been conducted in this report in order to highlight the factors like strength,
weakness, opportunity and threats based on which the organisation can make various strategic
decisions. Analysing the business environment organisation, undertaken by the organisation will
be evaluated. An evaluation of the industrial resources of the organisation has also been
conducted in this report in order to reflect upon the competitive advantage that over the other
organisations of the same industry. The sustainability of the organisation in the market is further
emphasizing upon, with an eye upon the core competencies of Walmart.
2. Organisational background
Walmart stores Inc. is the largest retail Organisation in the world. Currently it is also the biggest
Corporation in the world. The nearest competitor of Walmart, is Carrefour of France which is 3
times lesser in organisation and size strength and resources. There are over 1.2 million
employees in Walmart making it the biggest Non governmental employed of UK or USA. There
are almost 1500 discount stores located in all 50 states of USA along with almost 1400
supercentres which combines discount outlets as well as grocery stores (Pope and Pope 2015).
There are more than two to warehouse membership change of Walmart in both UK and USA and
the company has operations in our neighbourhood markets where the product offerings include
general merchandise. The international operations of the company started in 1991 and currently
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