The Human Resources Strategy for Expansion of Walmart

THE HUMAN RESOURCES STRATEGY FOR EXPANSION OF WALMART
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THE HUMAN
RESOURCES
STRATEGY FOR
WALMART
EXPANSION
System04121
3/20/2020

THE HUMAN RESOURCES STRATEGY FOR EXPANSION OF WALMART
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Contents
Introduction:...............................................................................................................................3
Overview of the retail industry.................................................................................................3
Challenges in retail industry.......................................................................................................4
1. Keeping up with ever-changing customer expectations..........................................4
2. Maintaining customer loyalty..................................................................................4
3. Managing internal communication..........................................................................5
Developments In the retail industry...........................................................................................5
1. The online and in-store customer journey...............................................................5
2. The rise of technology in retail................................................................................6
HR Practices: Training and Development:................................................................................7
Cross-cultural training for expatriates........................................................................................7
Reward Management:................................................................................................................8
Economic factors affecting Indonesia................................................................................9
Social factors affecting Indonesia....................................................................................10
Technological factors affecting Indonesia.......................................................................11
Environmental factors affecting Indonesia......................................................................11
Legal factors affecting Indonesia.....................................................................................12
Comparative Human Resource Management...........................................................................12
Examples of Comparative HRM......................................................................................13
Conclusion:..............................................................................................................................13
REFERENCES.........................................................................................................................14

THE HUMAN RESOURCES STRATEGY FOR EXPANSION OF WALMART
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Introduction
Over many years Walmart has managed to maintain the leading spot on the Fortune 500 list.
The success of the company is largely guided by its policy of' everyday low prices.' His
internet revenues also expanded quickly in the United States. The Rogers, Ark brand which
began in 1945 as a small discount dealer has expanded to different parts of the world.
Heavily invests in infrastructure so that his clients can buy from anywhere. This seeks to win
market share away from its rivals Amazon and Costco. Although the Sam club has continued
to compete with Costco, the earlier acquisitions made by the company in the food business
appear to pay off (Kaufman, 2016)
Price competitiveness is at the center of Wal-Mart’s business model. The company
contributed to the lowest rates on the US supermarket industry. It runs today more than
11.300 retail stores and many platforms for e-commerce in over 27 markets, including 58
banners (Walmart Annual Report, 2019). Walmart is also concentrating on providing a
smooth shopping service whether you buy from your smart devices or in shops.
The company has nearly 2.2 million staff, whom it considers associates. 1.5 million of them
are working in US. It is a conversation on Wal-Mart’s corporate plan and whether it has made
the company succeed.
The purpose of the report is to develop the new policies for the company Walmart while it is
expanding its business in Indonesia and also to know the impact of it on the organization as
well as it practices (Kaufman, 2015).
Overview of the retail industry

THE HUMAN RESOURCES STRATEGY FOR EXPANSION OF WALMART
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In 2018 retail market amounted to 13 percent at CAGR to 950 billion USD which is forecast
to hit 1.1 billion USD by 2020. The estimated increase in online retail revenues in 2018 is
31% year on year, hitting 32,70 billion USD in 2018. Online shopping sales are projected to
rise to US$ 60 billion by 2020. by 2020. Rs 10,000-12,000 crore (US$ 1,39-2,77 billion) are
projected to raise the turnover of offline retailers, also known as Brick and mortar retailers
(B&M) in FY20 (Collings, Wood, and Szamosi, 2018).
India, which is powered by significant investments and exponential growth in the number of
internet users, is projected as the world's fastest growing email sector. Various organizations
anticipate the Indian market for e-commerce to expand strongly.
The luxury market of India, backed by an growing foreign brands of Indian youth and a
higher buying power of the high class in tier 2 and three cities according to Ascham, is
expected to cross US$ 30 billion at the end of 2018 from US$ 22.8 billion in 2017.
Challenges in retail industry
1. Keeping up with ever-changing customer expectations
The tastes of consumers are often changing and much sooner than you expect. As a
supplier, you need to be in a place to observe the patterns and the buying habits of
your clients. With any season, you don't have to totally modify your goods, only
incorporate a few specific elements according to the pattern in your goods. You never
have to overlook creativity, in short
2. Maintaining customer loyalty
Despite the positive consumer service, client loyalty is a crucial element. One of
retailers ' growing errors is thinking they can quickly lose their current customers.