MGMT6012 Management Perspectives: Wal-Mart, Self-Analysis & Strategy

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This report presents a self-analysis within the context of Wal-Mart, examining personal strengths, weaknesses, opportunities, and threats (SWOT) in relation to the company's global strategy. It discusses Wal-Mart's role as a major retail organization, its use of technology, and the importance of communication. The report includes a personal SWOT analysis, exploring how the author's skills and weaknesses align with Wal-Mart's environment and its global expansion. It further analyzes the use of communication channels within the organization and concludes with reflections on personal development and future improvements. The website Desklib provides access to a variety of study resources including past papers and solved assignments.
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Running Head: Management Perspectives
Management Perspectives
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1 | P a g e Management Perspectives
Executive Summary
The report has helped me to analyse myself in a better way. It has assisted me in analysing
my personal skills and weakness and how will I work in different kind of critical situation.
Proper analysis has been done on me that helped me in knowing myself by understanding my
future opportunities, threats, weakness and strengths. The motive of this report is to know the
skills that have helped me to work in the organisation and the improvement needed in me for
future growth. Self-improvement is required in order to solve the issues and make the
communication effective and get more audience.
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2 | P a g e Management Perspectives
Introduction
In this report the discussion is done about how am I suitable for the Wal-Mart how it
is overcoming in the market. The environment of the company that has influenced the success
has been analysed. The mission and vision of the organisation has been discussed to attain
long term success. Additionally, personal SWOT analysis is done to understand how I am
suitable for the company and how it has gained success in the global market. Wal-Mart is an
international retailing company that has maintained sustainability by offering greater
opportunities to the employees. In this report the growth and success of the Wal-Mart in the
global market is identified by analysing the strengths, weakness, opportunities and threats of
the firm. The report comprises of detailed discussion of SWOT of the company. Thus Wal-
Mart can use the strengths to exploit all the threats and overcome from weaknesses by
improving its HR management standards and quality of product by improving the firm
performance. The report consists of the future improvement of the company and the current
drawbacks. In this report the strengths, weaknesses, opportunities and threats of the
individual are identified so that strategies could be used. In the later section the use of
conversations, emails and corporate artefacts in an organisation is discussed. Wal-Mart has
gained the market power by effectively using the resources.
Overview of Wal-Mart Company and Role
Wal-Mart is one of the largest retail organisations and has various branches around the
world that helps me to identify all the positive and negative aspects of the companies’ environment.
It can be stated that there are various strengths, weaknesses, opportunities and threats of the
company which makes it different from other organisations. It is one of the largest retail companies
all over the world. It is proven to be flexible for me as it supports the logistic team by making use of
high technology (ZHANG, 2018). Wal-Mart has different marketing structure that makes it occupy
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3 | P a g e Management Perspectives
different place in the market. The company is growing day by day and has it is expanding its venture
in new countries as well. Wal-Mart is a reputed company in the market due to availability of wide
range of products. It has expanded globally as it is recently purchased by UK retailer. Wal-Mart is
very beneficial for an individual as it uses IT to support the system by managing all the products and
services that are offered worldwide (Bhasin, 2018). Information technology has helped to improve
the efficiency of the company. Strength of working in the company depends on the size of the
business as Wal-Mart is a global supply chain. It is useful to work with the company Wal-Mart as it
has achieved growth is global markets which has provided various options to solve the resilience
issues by resolving the risk of the business by expanding it (Glanz, Bader, M.D. & Iyer, 2012).
Additionally, the supply chain of Wal-Mart is efficient due to use a proper advanced technology to
monitor the supplies.
Naturally Occurring Data
While working in the fast growing company Wal-Mart, It helps me to use my communication
skills as the company is expanded internationally it requires communication with the employees
from over the world. Thus it is beneficial from me to groom my personality and enhance by
communication skills. The way a person communicates helps in increasing the marketing activities of
the company (Smithson, 2018). Effective communication with the employees helps in building trust
among them. It the communication is done in an improper way it would no help in getting customers
for longer run. Poor communication will not resolve the query of customers and it will affect the
organisation in an inefficient manner. Additionally it can be stated that to run the business
effectively communication is the key part (Hassan, Sistani & Raju, 2014). Proper communication
helps in handling the entire situation effectively and gets trustworthy clients.
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If i choose to work with Wal-Mart it would help me in several ways. The certification or
experience letter received from Wal-Mart helps me in standing out of the crowd. The expertise in
the organisation provides knowledge that could be used future (Jurevicius, 2018).
Personal SWOT analysis
Strengths
Improve the management quality as the Wal-Mart is expanded in global market
and clients need to be managed internationally (Gordon, 2014).
I am an extrovert person and can work in a team in a positive manner.
I have positive attitude towards work and is comfortable in handling any field of work,
weather it is the sales department or promotion department.
It helps in improving the transferable skills as Wal-Mart sells all kind of products.
I get a chance to expand by contacts as Wal-Mart has good networking contacts.
It helps in boosting personal characteristics.
It improves experience as it provides opportunity to work with overseas countries
and enhances my communication skills.
Improve the convincing power as I have to convince clients to buy our products
by advertising the goods.
Weaknesses
I have poor technical knowledge and cannot handle the core technical bugs.
It is difficult for me to understand diversity in the workplace as it create issue in
communicating and decrease productivity. If proper training sessions are given I
can cope with this weakness.
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5 | P a g e Management Perspectives
Number of employees are leaving the company due to poor programming
capability, it demotivates me as even I do not have core knowledge of
programming.
My personal negative characteristics can lead to negative effect on the
organisation.
I am bad at innovating new ideas.
Opportunities
It helps in popping out from the traditional customs and helps in learning about
different customs as company works in the international market.
It increases the sale of product due to internet.
It also improves customer satisfaction as there is proper feedback facility.
Threats
There is no leadership rule in the company which creates problem in making
decisions.
Competitors in the market.
Limited ability to innovate new ideas.
There exist obstacles in providing training sessions.
The personal SWOT analysis helps in knowing the internal and external factors of the
company development in the retail industry. The growth of the company depends upon the
ability of individual and how they can capitalize the growth and cope up with the weaknesses.
I can use my strengths to grasp the opportunities in the market (Lombardo, 2017). Strengths
can also be used to overcome from the threats and continue the leadership in the market. This
personal SWOT analysis illustrates how I can fit in the company for long-term success and
the potential ways for global expansion. It can be concluded that the company has provided
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6 | P a g e Management Perspectives
me opportunities to expand my skills by exploring all the economic opportunities and
developing a good place in the market by using the strengths. The growth of the company is
dependent on size of the organisation, supply chain management and the expansion of the
company in global market (López & Ferrándiz, 2016).
Wal-Mart stores are expanded in various arrears and I get better options to interact
with people (Nachbaur, 2017). Though there are many competitors available in the market
they have made their different place by working on their weaknesses. Wal-Mart has helped
me to work in international market by providing opportunities in international retail market
that also increases sale of the company (Smith, Rupp & Offodile, 2017). The international
sale of the company not only gave an expansion to the company but has also uplifted my
position in the organization. It helped me in gaining diversification in terms of income,
experience and benefits on economic scale (Santos & Laczniak, 2015). I managed this by
maintaining proper creativity and team leading skills and also communicating to avoid the conflicts.
Use of conversations, emails, corporate artefacts in an organisation
In an organisation use of conversations, emails, corporate artefacts are very powerful
resource to analysis the uncovered knowledge. These sources of conversations are very useful
where there is no direct communication possible and the analysis helps in demonstrating the
usefulness (Marlow, Carter, Good & Chen, 2016). Apart from artefacts, email is a tool for
managing the conversation and support the organisation by facilitating the intra-
organisational process. These communication channels are used to transmit the information
among an organisation (Baralou & Tsoukas, 2015). Apart from that use of these channels
help an organisation to find new customers, listen to the feedback from consumers and
develop skills to know about the issues.
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Personal strengths and weaknesses
Wal-Mart is one of the leading retail companies around the world. According to the
personal SWOT, various strengths are used by me to handle different professional issues that
are offered by the company. I have used by strength to handle international clients by
communicating with them. (Martínez, Galván, & Alam, 2017). Wal-Mart have helped me to
understand various threats that are possible in the company, I have analysed the issues and
design the continuity plan to make sure that business works effectively and achieve success.
Plans decided designed by me depends on the financial resources of the firm, but Wal-Mart
offers their personal assets for enhancing the profit and ensuring that long term goals of
individual are met. Working in Wal-Mart’s company environment helped me in gaining a
good image in the market and also helped me in gaining an effective position. Apart from that
human resource management team offered various ways that helped me to overcome from
my weaknesses (Rothaermel, 2016). It has also helped me in building the skills as I focused
on recruitment process, selection process and also took training of individuals that help me to
analyze the performance and efficiency of every employee. At every store of Wal-Mart there
is a human resource manager who manages all the employees within the organization to make
optimal plans and strategies to operate all the business activities effectively and I used my
team leadership skills to manage the employees in my team (Hassan, Sistani & Raju, 2014).
Lastly, I tried to provide proper views on all the decisions as it offered me a platform to
employees to suggest their viewpoint and helped me to use by knowledge and implement it in
difficult situations. According to me communication skills is most vital part in the
organization and with the communication skills I managed all the team work and solved all
the issues effectively. Some of my weakness is sometimes I become aggressive because I
accept my team members to work in an efficient manner.
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8 | P a g e Management Perspectives
How I feel about placed in Wal-Mart Company
From all the knowledge and skills gained so far I have used by potential to handle all kind of
situations and especially enhanced my communication skills by handling the clients. In my
opinion I feel that I have been placed in this organisation due to my interactive skills and
knowledge to capture more clients. However, according to me I am a good transformed
leader as I can handle hurdles all the threats according to the situation.
Future improvement
In my opinion, I need to work more on some international languages so that I can
capture more customers. I need to improve my performance by rapid use of advanced
technology as proper guidelines are provided by managers in an organisation. I need to
deploy some creative ideas so that I can analyse the issues and work on that to provide
employee satisfaction to create a constructive environment. I can use my experiences and
challenges faced to provide training sessions for fresher’s which would help me in self-
improvement of a person as well as me (Tang & Chen, 2015). Training program is developed
by me to make them work in a style of the organization that is open communication in an
organisation so that the employees can share their views and ideas. Additionally, Wal-Mart
offers me the platform for self-improvement as they offer healthy environment to every
individual (Wittkuhn, 2017). This is achieved by providing equality to every individual by
offering a supportive environment; they have also taken initiated by organising programs to
promote the dignity and respect that will help me in improving the working condition.
Wal-Mart uses better technology for fulfilling the innovative ideas to ensure that
integrity is maintained and reduces the cost by inventing new products (Sethi, Yanamadala,
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Burton & Bess, 2017). Thus it provides me a platform to learn new technologies and stay
updated to the latest innovations. It can be stated that company may face various challenges
that will help me to deal with the conditions that need to be fulfilled to met the future
objective and goals. The company can bear the loss in the global market due to lack of
management at the stores will affect the sale of the products. In addition company can face
challenges due to poor working environment and un-updated digital services (Wei, 2016).
Additionally, while Wal-Mart tries to grow the business in international market, it faces issue
regarding diversity in culture as people with different culture have different point of
perception. Along with that threat of substitutes is the bigger challenge for the company.
Conclusion
In the limelight of all the discussion it can be concluded that management of an
organisation is an important part. Wal-Mart is a retail company and I am looking for long-
term growth and success in the company. The firm is expanding its business activities and
operations globally that is beneficial to enhance by skills. Incan use my strength to overcome
from the competitors in the global market. There are various opportunities offered to me if I
work with Wal-Mart which could be used to expand the business more. Strengths are used to
make the business grow more and work on the opportunities available to cope up with the
risk and threat of the company.
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References
Bhasin. H. (2018). SWOT analysis of Walmart. Retrieved from
https://www.marketing91.com/swot-walmart/.
Glanz, K., Bader, M.D. & Iyer, S (2012) Retail grocery store marketing strategies and
obesity: an integrative review. American journal of preventive medicine, 42(5),
pp.503-512.
Gordon, P. (2014). The Two Walmarts. In Corporate social responsibility in the global
business world (pp. 207-217). Springer Berlin Heidelberg
Hassan, S. M., Sistani, A. J., & Raju, R. S. (2014). Top Online Shopping E-companies and
their Strength and Weakness (SWOT). Research Journal of Recent Sciences
Jurevicius. O. (2018). SWOT analysis of Walmart 2018. Retrieved from
https://www.strategicmanagementinsight.com/swot-analyses/walmart-swot-
analysis.html.
LI, M. (2014). Analyze and evaluate the investment value of Wal-Mart (Doctoral dissertation,
Cardiff Metropolitan University).
Lombardo, J. (2017). Walmart: Organizational Structure & Organizational Culture. Panmore
Institute.
López, R. A., & Ferrándiz, J. V. C. (2016). Analysis of the Logistics of Home Delivery of
Food and Household Goods. Implementation in Consum in the Valencia Area.
Proposals for Improvement. Transportation research procedia, 18, 189-196.
Nachbaur, A. (2017). Kurze strategische Analyse von Amazon. SWOT-Analyse, generische
Wettbewerbsstrategie, 5-Forces-Analyse.
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Santos, N., & Laczniak, G. (2015). Marketing to the poor: A SWOT analysis of the Market
Construction Model for engaging impoverished market segments. Social
Business, 5(2).
Smith, A. D., Rupp, W. T., & Offodile, O. F. (2017). Amazon. com, Inc.: Retailing Giant to
High-Tech Player?.
Smithson. N. (2018). Walmart SWOT Analysis & Recommendations. Retrieved from
http://panmore.com/walmart-swot-analysis-recommendations-case-study.
ZHANG, J. W. (2018). Big Data in Retail Business Applications—Walmart Case. DEStech
Transactions on Social Science, Education and Human Science, (icems).
Marlow, J., Carter, S., Good, N., & Chen, J. W. (2016). Beyond talking heads: multimedia
artifact creation, use, and sharing in distributed meetings. In Proceedings of the 19th
ACM Conference on Computer-Supported Cooperative Work & Social
Computing (pp. 1703-1715). ACM.
Baralou, E., & Tsoukas, H. (2015). How is new organizational knowledge created in a virtual
context? An ethnographic study. Organization Studies, 36(5), 593-620.
Martínez, A. B., Galván, R. S., & Alam, S. (2017). Financial Analysis of Retail Business
Organization: A Case of Wal-Mart Stores, Inc. Nile Journal of Business and
Economics, 3(5), 67-89.
Rothaermel, F. T. (2016). Competitive advantage in technology intensive industries.
In Technological innovation: Generating economic results (pp. 233-256). Emerald
Group Publishing Limited.
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