Walmart Improvement Planning: Strategy and Organizational Function

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This report provides an overview of Walmart's improvement planning and organizational functions. It begins by outlining Walmart's background, activities, and organizational elements, including its three reportable segments: Walmart International, Walmart U.S., and Sam's Club. The report details how planning occurs within the organization through strategic, functional, and operational levels. It also highlights Walmart's mission to be the best retailer for consumers and employees by saving people money and enhancing diversity. The goals of the organization, such as developing new stores, maintaining stock growth, encouraging diversity, and introducing innovative offers, are discussed. The report recommends strategies for creating customer-centric experiences, investing in competitive delivery and assortment, and earning customer trust through quality merchandise at reasonable prices, including the integration of digital and physical shopping experiences. The report concludes with a concept map illustrating the relationship between industry future growth strategies, Walmart's organizational management, competitive advantage, history, and competitors.
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IMPROVEMENT PLANNING AND
ORGANIZATIONAL FUNCTION
WALMART
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BACKGROUND OF ORGANIZATION
The multinational retail corporation of America operates the
chain of discount departmental stores, the hypermarkets and the
grocery stores.
Opened in the year 1962, Walmart began to grow
Walmart has over 11000 stores operating in the 27 countries
which are furthermore under 55 different banners
One of the largest private employer in the United States and in
Canada
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ACTIVITIES WITHIN THE COMPANY
Walmart has their base of the planning dependable on the basic beliefs
regarding the respect of the individual with the personal beliefs and the
background together with the diversity management.
One of the main organization function and the activities within the
company is towards the implementation of the diversity workforce plan.
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ELEMENTS OF THE ORGANIZATION
The three reportable segments of the organization includes the Walmart
International, Walmart U.S and the Sam's club.
The elements of the organization has the following components
Services for
the
customers
The respect
for the
individual
The strive
for the
excellence
The action
with the
integrity
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HOW PLANNING OCCURS
The strategic planning: This is generally undertaken by the top eel
corporate management of Walmart
The functional planning: This category of planning is generally
conducted by the top level managers in the functional level like the chief
marketing officer of Walmart
The operational planning: This category of planning is generally
undertaken by the supervisory managers.
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MISSION OF THE ORGANIZATION
Walmart aims to be the best retailers among the consumers and the
employees
The mission of the organization is to save the money of the people in
the aim that they can sustain happily.
Walmart mission is towards the enhancement and the integration of the
diversity program towards the procurement practices.
Save money, Live better.
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GOALS OF THE ORGANIZATION
Development of new stores in the upcoming years
The maintenance of the growth momentum regarding the prices of the
stock
Encouragement of the diverse work environment
Introduction of innovative and new offers for customer attraction
Diversification
Maintenance of the sustainability in the operations
Maintenance of the sustainability in the global value chains
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RECOMMENDATION FOR STRATEGY
To strive towards the development and e
creation of the customer centric
experience that integrates seamlessly to
the retail and the ecommerce stores
targeting to save the time of the
customers
To invest towards differentiated access
and to be competitive regarding the
delivery and the assortment experiences
To earn the trust of the customers for
sealing the rate of the customer loyalty
by the provision of the broad assortment
of the top-quality merchandise with
reasonable price rate.
Introduction of both digital and physical
shopping to the customers
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MODEL FOR ORGANIZATIONAL
DEVELOPMENT
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CONCEPT MAP
Walmart
organizationa
l
management
Industry
Future
Growth
Competitive
advantage
Competitor
History
Strategies
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REFERENCE
Aula, P., & Heinonen, J. (2016). Evidence-Based Reputation Management. In The Reputable Firm (pp.
163-199). Springer, Cham.
Harsoor, A. S., & Patil, A. (2015). Forecast of sales of walmart store using big data applications. IJRET:
International Journal of Research in Engineering and Technology.
Laudon, K. C., & Laudon, J. P. (2016). Management information system. Pearson Education India.
Lee, M. T., & Raschke, R. L. (2016). Understanding employee motivation and organizational
performance: Arguments for a set-theoretic approach. Journal of Innovation & Knowledge, 1(3), 162-169.
London, T., & Fay, C. (2017). Walmart and Small Producers from the Developing World: Linking Demand
with Supply.
Lussier, R. N., & Hendon, J. R. (2017). Human resource management: Functions, applications, and skill
development. Sage publications.
Smetana, J. B., Rogers, M., & Welfel, S. (2017). Organizational Culture and Leadership’s Impact on a
Safety Program Change Model. Theory and Applications in the Knowledge Economy, 329.
Śmigielska, G. (2016). The Role of an Entrepreneur in Developing an Organizational Culture Fostering
Innovations. Studia Oeconomica Posnaniensia, 4(5), 54-68.
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THANK YOU
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