Walmart- Functions of Management
External and Internal Factors of Wal-Mart Wal-Mart is one of the leading multinational discount department retail stores. One key characteristics of Wal-Mart is the diversity. Sam Walton’s goal was to help people live better by saving money. Wal-Mart is by far one of the most successful companies worldwide. Wal-Mart is a leader in diversity, globalization, technology, innovation, and ethics. Ethics plays a big role in the success of the company. Thru the ethical code followed, Wal-Mart hires, retains and promotes the right people into the right leadership roles. The ability to adapt to internal and external factors also helps them stay ahead of the game. Wal-Mart is a widely admired worldwide leader in the retail industry and employer.
Internal Factors and the Functions of Management Wal-Mart has several internal factors that affect the four functions of management. Two of these factors are diversity and ethics. Wal-Mart is a strong believer in diversity. “We make diversity part of our business plan, ensuring we can continue to be a global leader in all aspects of Diversity and Inclusion” (Diversity, para 1). Wal-Mart uses diversity at all levels of employment. Through diversity, Wal-Mart can use the four functions of management to achieve their goals. Management uses diversity in planning. Wal-Mart thrives on possessing a sustainable workforce and diversity is their key in all aspects of the company (Wal-Mart, 2011). Diversity is seen in organization. Management hires and recruits a diverse group of people. These individuals receive training in diversity and other areas to become the best employees (Wal-Mart, 2011). Because Wal-Mart incorporates diversity at all levels, diversity is seen in leadership and controlling. Diverse managers lead a group of diverse employees to accomplish Wal-Mart’s goals. Ethics plays a major role at Wal-Mart. Wal-Mart’s statement of ethics includes three sections, respect for the individual,
Internal Factors and the Functions of Management Wal-Mart has several internal factors that affect the four functions of management. Two of these factors are diversity and ethics. Wal-Mart is a strong believer in diversity. “We make diversity part of our business plan, ensuring we can continue to be a global leader in all aspects of Diversity and Inclusion” (Diversity, para 1). Wal-Mart uses diversity at all levels of employment. Through diversity, Wal-Mart can use the four functions of management to achieve their goals. Management uses diversity in planning. Wal-Mart thrives on possessing a sustainable workforce and diversity is their key in all aspects of the company (Wal-Mart, 2011). Diversity is seen in organization. Management hires and recruits a diverse group of people. These individuals receive training in diversity and other areas to become the best employees (Wal-Mart, 2011). Because Wal-Mart incorporates diversity at all levels, diversity is seen in leadership and controlling. Diverse managers lead a group of diverse employees to accomplish Wal-Mart’s goals. Ethics plays a major role at Wal-Mart. Wal-Mart’s statement of ethics includes three sections, respect for the individual,
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