Wal-Mart Stores, Inc. in 2008 Managements Initiatives to Transform the Case Study

Wal-Mart Stores, Inc. in 2008 Managements Initiatives to Transform the Company and Curtail Wal-Mart Bashing - Case Study Example Wal-Mart Stores, Inc. in 2008 Management’s Initiatives to Transform the Company and Curtail Wal-Mart Bashing Whereas, the vision statement is â€Å"If we work together, we’ll lower the cost of living for everyone†¦we’ll give the world an opportunity to see what it’s like to save and have a better life.† (Forfan, â€Å"Wal-Mart Stores Mission Statement - People, Saving Money, Living a Better Live†; 2Wal-Mart Stores, Inc., â€Å"10 Rules for Building a Business†) Strategy, leadership, or execution contribute towards Wal-Mart’s success but, the single biggest factor that accounts for Wal-Mart’s success was its strategies for prioritizing low-cost/ differentiation strategy (Zimmerman, â€Å"To Boost Sales, Wal-Mart Drops One-Size-Fits-All Approach†). Wal-Mart values include service towards the customers, respect individual, strive for quality and perform with integrity. The proposed working environment values of the company were focused on stakeholder requirements, respects towards workers, quality towards shareholder as well as brand value and performance with cooperation (3Wal-Mart Inc., â€Å"Culture†). Wal-Mart corporate culture emphasizes conservative, religious, and family-oriented business. (Hayden, Lee, McMahon and Pereira, â€Å"A Case Study on Wal-Mart Stores Inc.†). Wal-Mart business practice in present scenario focuses on the culture of working together in order to fulfill the purpose of helping people to save money and live the life in better way in accordance to its business strategy (3Wal-Mart Inc., â€Å"Culture†).

Changes To Be Considered Essay Example | Topics and Well Written Essays - 500 words

Changes To Be Considered - Essay Example I know you are a very busy person too but I am requesting if we can extend the meeting to 16th if it is okay with you. We are ready to hear your ideas and discussion regarding the above issues when we meet. I am confident that your knowledge and expertise are critical to this company, and all the co-workers, me included hope to benefit under your supervision. I am sure that you are aware that this company, Tech-Shield, has done well and is continuing to well. This is due to the hard work that we put as workers in the company. For example, I gave three presentations last quarter, all of them around the same time. The report discussed key aspects of financial corporate liability because the quarterly profits of the company had declined. We discussed a loss of $200,000 and how to improve our performance. The presentation was candid, and we suggested a form of conservation to curb expenses with Tech-Shield by installing auto-sensors for the lights, encouraging ride-sharing programs, and introducing a day care to help address the expectation of longer hours. I have some ideas to help solve the problems that I listed above. Scheduling is always a challenge, but perhaps meetings that coordinate travel expectations and additional hours might benefit all and eliminate miscommunications. We could have flexible weeks, instead of fifty hours a week; we could have employees’ alternate hours for each week. Some employees who had more time on a particular week could work more hours on that particular week and then work less on the following week. This can benefit everyone. We could add more employees. We could inform all of the employees about the daycare facilities and promote them. We already have these facilities, so there would be only a negligible affect on the budget. We could be more efficient by not training people to do new jobs. I hope you will understand and appreciate all of these ideas. You can implement all, or at least some of them, to good use. I am