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Business Management Essay

2302 words - 10 pages

Assignment Title
An Assignment Submitted by
Name of Student
Name of Establishment
Class XXXX, Section XXXX, Fall 2011

The Business Mission and Vision of the Wal-Mart Company
Q 1
A) Find and list the names of the Board of Directors for the Wal-Mart Company.
Members of the Board of Directors of the Wal-Mart are:
Aida M. Alvarez (joined Wal-Mart in 2006) - a director for UnionBanCal Corporation;
James W. Breyer (joined Wal-Mart in 2001) - a director of RealNetworks, Inc., Marvel Entertainment, Inc., and several private companies;
M. Michele Burns (joined Wal-Mart in 2003) – a director for Cisco Systems, Inc.
James I. Cash, Jr. (joined Wal-Mart in 2006) - a director of The Chubb ...view middle of the document...

Williams (joined Wal-Mart in 2004) - a director of Harrah's Entertainment, Inc.
Linda S. Wolf (joined Wal-Mart in 2005) - A trustee for investment funds advised by the Janus Capital Group, Inc.

B) Should we know anything else about the board members?
The Board of Directors in elected annually by shareholders and consists of highly qualified professionals in different spheres. Due to discuss the possible strategic ways of Wal-Mart doing business, the Board of Directors has annual ‘Supplemental Benefits Documentation’. This document shows annual results, to update, review and revise Wal-Mart’s benefits strategy. They evaluate here current benefits offering through three lenses – cost trends, Associate satisfaction, and public reputation – and recommend revisions to benefits strategy built around nine ‘limited-risk’ initiatives and five ‘bold steps’. (Wal-Mart Stores Inc. Supplemental Benefits Documentation’)

Q 2
What are the major challenges facing the company today?
Wal-Mart Company operates one of the largest private trucking fleets in both the U.S. and the U.K., and these fleets support a number of strategically organized Wal-Mart distribution centers within those countries. (Wal-Mart official web-site / Environment / Logistics Overview) Today, the logistics division of the company is working hard to make an entire fleet more efficient, develop the most efficient routes, increase the number of cases per load and create more sustainable distribution centers.
Distribution centers around the world are also playing a role in the company efforts to increase the efficiency of the operations. The strategic placement of the distribution centers helps increase the efficiency of fleet by cutting down the number of miles that products travel before reaching one of Wal-Mart stores. And innovative technologies being added to existing and new distribution centers help reduce an energy use and greenhouse gas emissions.
Important and actual question is rising: how Wal-Mart is able to charge low prices and continue to make a profit. There are several factors in their business model that contribute to this ability, but a big one is their ability to adapt to an ever-changing global marketplace. Some criticize Wal-Mart's efforts to deliver to their customers a quality product at low prices, but in reality, Wal-Mart has been able to deliver low prices by being efficient. This ability requires a flawless logistical system that allows product to be shipped anywhere at the moment’s notice. (Michael Russell, ‘Logistics at Wal-Mart’)
Indeed, the logistics system of Wal-Mart is effective and proficient but there is a need to improve the logistical system of a business organization in order to cope up with the on-going competition in the market nowadays. In this paper, the ways of improving the logistical system of Wal-Mart will be discussed. Basically, one of the most essential elements of business operations is the logistics system, the ways and means of...

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