Wal Mart Organizational Change 000

Wal Mart Organizational Change 000 - Sam Walton founded...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Wal-Mart 1 Wal-Mart Organizational Change March 30, 2009 Wal-Mart Organizational Change
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Wal-Mart 2 Introduction Sam Walton founded Wal-Mart in the year 1962, opening the first store in the town of Rogers, Arkansas. Wal-Mart experienced growth and success that was greater than any retailers in the department store market were before the 1990’s. The company has 3,400 in the U.S., with more than one million employees. Worldwide the company has over 4,500 stores, employing 1.4 million employees in several countries such as Argentina, Brazil, Canada, China, Korea, Mexico, Puerto Rico, and the United States. The headquarters for the company is located in the town of Bentonville, Arkansas. Wal-Mart is traded publicly on the stock exchange; the ticker symbol for the company is WMT (MSN Money, 2009). Wal-Mart is operating as an accumulator, merchandiser, and marketer of customer commodities (MSN Money, 2009). MSN Money (2009) stated, “Wal-Mart’s operations comprise three business segments: Wal-Mart Stores, Sam’s Club and International.” MSN Money (2009) stated, “Its Wal-Mart Stores segment is the largest segment of the Company’s business, accounting for 64% of its net sales, during the fiscal year ended January 31, 2008 (fiscal 2008), and operates stores in three different formats in the United States.” MSN Money (2009) stated, “Sam’s Club accounted for 11.8% of its net sales during fiscal 2008. In January About Wal-Mart The practices that Wal-Mart uses in its business are computerization, proficiency, and productivity. Wal-Mart has a lower cost in operation than the cost of the competition of the company. Each store has employees that are known as greeters, which job duties are to stand at the front doors and welcome customers when they enter the store (Wal-Mart, n.d.). Wal-Mart (n.d.) stated, “The video used for training, You've Picked a Great Place to Work endorses the
Background image of page 2
Wal-Mart 3 essential feeling of family for which Wal-Mart is so well-known.” The employees of Wal-Mart are called associates. The company encourages the managers of the company to see their selves as servant leaders. In each store, before a shift begins the manager holds a meeting with the hourly employees to discuss the sales figures, any news from the company, and the daily goals. Each store has associates that are called People Greeters. These associates have the duty of welcoming customers when they come into the store.
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/19/2010 for the course N/A PSY/428 taught by Professor N/a during the Spring '09 term at University of Phoenix.

Page1 / 8

Wal Mart Organizational Change 000 - Sam Walton founded...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online