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Checkpoin1 - (Wal-Mart 2007 Wal-Mart’s late founder...

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Checkpoint: 1 A business that I frequently use is Wal-Mart. I use Wal-Mart as a one stop shop because it is easy to get all the shopping done with having to take three kids under the age of seven every place I go. Some components that Wal-Mart has are retail, wholesale, technology, Human Resources. Wal-Mart prides itself on their slogan ‘everyday low prices’ since part of their business model revolves around this idea. Wal-Mart sells merchandise in large and small quantities according to the demand the merchandise is in (Maital 2008). Wal-Mart’s technology consists of satellite-based IT systems for taking inventory and shelf management (Maital 2008). Another component to Wal-Mart’s business model is a good human resource strategy. Wal-Mart runs its human resource strategy on motivation, internal promotion and external promotion
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Unformatted text preview: (Wal-Mart 2007). Wal-Mart’s late founder believed that the company was made by the people so his goal was to make the people happy employee or not (Wal-Mart 2007). Wal-Mart is changing its business world by trying to make it have a family like feel (Wal-Mart 2007). Wal-Mart has a successful business because of components wholesale, retail, technology and human resources these are all important for a successful business. References: Wal-Mart. (2007). Walmart: The Key to Success. Retrieved June 26, 2010; from Wal-martthekeytosuccess.blogspot.com Maital. S. (2008). Business Model Innovation. Retrieved June 26, 2010; from timnovatee.wordpress.com...
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