This website uses cookies to ensure you have the best experience. Learn more

Organizing Paper

1057 words - 5 pages

Organizing Paper
Wendy L. Coghill
University of Phoenix
June 2, 2013
Instructor Stewart Edinger

Organizing Paper
In an article found on a website called, A Brief History of Wal-Mart by author T.A. Franks, it says “In the late 1940s, when Sam Walton was franchising a Ben Franklin’s variety store in Newport, Ark., he had a simple but momentous idea. Like any retailer, Walton was always looking for deals from suppliers. Typically, though, a retailer who managed to get a bargain from a wholesaler would leave his store prices unchanged and pocket the extra money. Walton, by contrast, realized he could do better by passing on the savings to his customers and ...view middle of the document...

This is the reason for much power on other businesses and inflation also. With this said, its main competitors in the market are these businesses inside that consist of Costco Wholesale, and Target. As these retailers have moved most of their attention on selling to the customer goods at higher prices, Wal-Mart is capable of remaining profitable and cost-effective as it has the capability to sell more units, surpassing these other retailers.
Monetary Assets
Wal-Mart is a multibillion dollar corporation; therefore the way their financial assets are managed is essential for the success of the corporation. Wal-Mart’s monetary structure is built based in the foundation of it principles “We save people money so they can live better" (Wal-Mart, 2009). Wal-Mart products are always at lower prices, so in the long haul have benefited by keeping ahead of its competitors. Wal-Mart’s environment seemed quite challenging and difficult at times, but Wal-Mart still has better sales than any other in the market by staying true to its principles. It has been able to keep progressing and be successively in what they do (Wal-Mart, 2009).
Human Resources
According to Bateman & Snell (2009), the basic activities of human resource managements is recruitment, selection and outplacement, training and development, performance and appraisals, reward system and the ration of all external and internal customers. Wal-Mart Human Resource Department have the responsibility to do an environment scanning to see for the current needs of the organization then check wages, pay and benefits exist that will benefit the organization. In Wal-Mart’s case, they have supervisors train in various areas to ensure associates are properly trained to deal with the most difficult situations. Also, Wal-Mart has a leadership and mentoring program that encourage women to become leaders in the organization as part of the reward system. Wal-Mart has a philosophy that they must treat employees with respect and dignity, so their employees will do the same with the customers. The best part is that human resource is available 24 hours a day...

Other Papers Like Organizing Paper

Organizing Themes in Development Essay

557 words - 3 pages Chapter One – Reflection Paper The first chapter of our text, Organizing Themes in Development, discussed several theories past and present about human development that are critical for a counselor to possess a solid, thorough understanding so they can draw upon this information to help solve problems and find solutions for the client. The theoretical lens that best fits with my view of human development would be the multidimensional

Strategy Execution and Organizing for Success

2468 words - 10 pages TERM PAPER TERM 4 PGPME167 STRATEGY EXECUTION & MANAGEMENT OF CHANGE Strategy Execution and Organizing for Success SUBMITTED BY NITYA RANJAN MAITY MSL-126 PART I CONCEPT: The rapid pace of change, increasing competition; globalization and new opportunities made possible by technology all contribute to the need for executives to be able to effectively develop, communicate and

Management Parameter: Job Responsibilities, Planning Organizing, Csr

4543 words - 19 pages Acknowledgement This term paper would not be accomplished without the generous contributions of all our group members. We are very grateful for their limitless help and support. We thank our course instructor Afsana Akhtar who believed that we could complete this term paper on time. Her moral guidelines, endless effort, joyful encouragement and her nice cooperation made us successful to develop this paper. We also thank to the corporate

Organizing Hrf

1218 words - 5 pages Introduction The purpose of this study is not only to identify which of the following companies: Manotel, Taj, Le Meurice, SWA corresponds to which Human Resources role, but more important to compare advantages and disadvantages of those, according to experts and to give recommendations of my vision on excellent HR model. Administrative Expert Faylor, Taylor & Weber describe administrative expert role as the one that aims to optimize costs

Organizing Treads

741 words - 3 pages Organizational Trends Discussion Management 307 Organizational Trends Discussion Many factors concerning high-performance organization characteristics and high-performance workplace characteristics should be taken into consideration. In regards to the organizational dynamics, operational effectiveness and workplace stress differ in both high-performance organizations and workplace. There are several factors that make up a good high

Organizing Functions of Management

1235 words - 5 pages Organizing Functions of Management Mgt/330 11/16/2010 Glenn Arrola Human Resource Management (HRM) is the function within an organization that focuses on recruitment of employees, management of those employees, and provides direction for the people who work in that organization. Human Resource Management can also be performed by line managers. Human Resource Management is the organizational function that deals with issues related to people

Organizing Functions of Management

995 words - 4 pages Organizing Functions of Management MGT/330 August 17, 2010 Angela Guest Organizing Functions of Management Lifetime Products is the leader of portable basketball systems. The company has

Organizing And Managing For Performance

2657 words - 11 pages 1. Introduction Organizational effectiveness is paramount to the success of any company, whether this relates to a Small or Medium Enterprise (SME) or a much larger global organization. Therefore it is essential that business leaders have a firm understanding of all aspects that contribute to organizational effectiveness; this includes an understanding of how individual differences contribute to this. This paper considers how

Organizing Your Time For Success

753 words - 4 pages Assignment 2: Organizing Your Time for Success What I’ve learned about how I actually use my time compared to how I plan to use my time is when planning your schedule ahead of time and having a time limit is much more effective than just having to do things at the last minute, because when I plan my time it gives me more of an advance to run all my important things, and save more time to have for myself. For example: In create time

Planning and Organizing Strategies of Brac Bank

2119 words - 9 pages bookie according to choice of customer. Features: they give information to the customer about their flower through designing standard feature. Packaging: Since packaging creates a good image on customer mind about organization. They try to maintain standard packaging. They use bag, ribbon paper, baskets for packaging. [pic] Ferns and patels flower shop Pricing strategy: They maintain a standard pricing strategy. They set

Kent Chemical: Organizing for International Growth

1013 words - 5 pages Nabila Suayd Gold 131039 November 17th, 2015. CASE WRITE UP “KENT CHEMICAL: ORGANIZING FOR INTERNATIONAL GROWTH” INTRODUCTION Kent was established in 1917 as a rubber producer, established its corporate headquarters just outside of Akron, Ohio in a small town called Kent. Kent became a leading global specialty-chemical company when it chose to diversify into additives and other specialty chemicals, developing these products within

Related Essays

Organizing Paper

598 words - 3 pages Management is the process of working with individuals and capital to achieve organizational goals. In order to be an affective manager, planning, organizing, leading, and controlling must be place. One of the must important functions of management is organizing to reach the intended goal or objective. This paper will discuss that organizing functions of management that impacts knowledge and technology may strongly impact an organization's

Wal Mart Organizing Paper

1201 words - 5 pages Wal-Mart Organizing Paper MGT/330 Management Theory, Practice, and Application Wal-Mart Organizing Paper In the organizing functions of management it takes a familiarity of being able to put various systems together to work as one; these systems include knowledge, human resources, financials, and physical assets. All the systems are allocated to be able to reach any and all objectives possible for any company looking to succeed in any

Organizing Function Of Management Essay

1697 words - 7 pages practice, but some, like chiropractic treatments, are now established in mainstream medicine. This paper will discuss the organizational resources, technology and knowledge and how they relate to the organizing function if management with in Back to Health Chiropractic Organizing is the function of management that involves developing an organizational structure and allocating human resources to ensure the accomplishment of objectives. The

Organizing Whole Food Markets Essay

1245 words - 5 pages the quality food business. They are a mission-driven company that aims to set the standards of excellence for food retailers. This paper will evaluate the organizing function of Whole Foods Markets as it relates to human resources and specialty food knowledge. Whole Foods Markets maintains a high standard of core values which includes but is not limited to the following: they claim to sell the highest quality natural and organic products