“WAL-MART AND THE LEADERS THAT CREATED IT” Jennifer Moore MGMT 6740 March 2, 2013 ABSTRACT The purpose of this paper was to examine Wal-Mart as a leader in the retail industry and the attributes that set it apart from competitors such as being a cost leader and an all in one store. The other purpose of this paper was to examine the influence of the leadership structure and team at Wal-Mart including CEO Mike Duke’s leadership style and contributions. This paper also analyzes the founder of Wal-Mart, Sam Walton, and his vision and idea of servant leadership as the key to the company’s success. Walton believed in empowering employees and treating them all as equals and that this creates a happier workplace which has an impact on customers and creates customer satisfaction and loyalty. INTRODUCTION Wal-Mart is a leader in the retail industry and dominates all of its competitors combined.
While many will only be looking for other dollar stores following exactly the same format, that is incorrect. In today's marketplace all types of retailers are adding dollar departments and dollar aisles to their stores. Every one of these companies represents a threat to your business. It's important that you know them and what they are doing. Determine how best to use your company's strengths to overcome the strengths and overall performance of the competition you've found.
Stakeholder signifies an individual or individuals who take concern or interest in anything, majorly commerce. (Grimsley) CEO is accountable for the failure or the success of the organization. Both the organizations John Deere and the Caterpillar requires the tasks to be carried out efficiently such as marketing tactics, operations financing, firing, human resources, formation of the culture of the organization, hiring, sales, compliance with the protection directives, PR, etc. The entire of these activities are tackled from the CEO. Stakeholders can decide a plan for the commerce.
It is important to closely match the ways in which we are measuring our applicants, along with the specific tasks needed for that position. A selection procedure cannot be effective if it is universally applied across the store. The Department Manager position requires much more responsibility and intellectual work than other positions within Tanglewood. ACRE Consulting recommends that Tanglewood work to improve and update their selection plan for the Department Manager position, which includes developing a standardized interview protocol. Current Measures Currently, Tanglewood has chosen to use an experience check, an education check, the Marshfield Applicant Exam, and the Retail Knowledge Test.
The register is used to perform many functions, capable of more efficient programming, such as; tracking customer orders (for follow-up), recording invoices, and maintaining inventory (items sold; quantities, and prices). Change is often difficult for employees and updates to systems will create a mild chaos at Kundler Find Foods. Updating of technology will require investment in training as well as, time for each employee to learn the new programs. Patience in each employee’s learning curve holds a primary importance during this process. Strengths and
Database Administrator for Department Store Introduction Whenever a new departmental store is planned, the store needs to maintain sales and inventory database transactions for successful and efficient functioning of its business across multiple branches. Several tools and techniques can be used by the store to maintain consistency of information in all the branches. Since the store has multiple braches we need to keep the database centralised for effective management of products across branches. The prime concern of the database administrator comes down to identification of potential transactions which need to be stored in the database. Also, various techniques can be sued to attract more and more customers to the store if correct business rules are adopted and utilized appropriately.
It was my assumption that being a large company would require more of a Classical Management strategy to conduct everyday business. After researching and interviewing both the plant manager and engineering manager of a local plant in the industrial coatings division was I able to understand that a complex mix of the Classical Management Theory, Human Relations Theory, Human Resources Theory and Systems Perspective was used to efficiently communicate throughout the company. While this mixture of theories is both deep and broad, the dominant perspective is the Systems Approach. The key to Sherwin-Williams’ success is that it uses many of the features in this theory extremely well to conduct business within the company. One of the qualities of the systems approach is that it is an open system.
Similar to JC Penny’s purchases can be made at each department in the store rather than a central checkout location. Normally each department within a department store is headed by a buyer to manage products and personnel, however, store management sets policy and price ranges for uniformity. Nordstrom is not an independent department store but it is a national chain and is widely considered as one of the largest department store chains in the United States. Nordstrom’s Level of Service Describe Nordstrom's level of service and give an example of a store on the opposite end of the continuum. A large part of Nordstrom’s success is predicated on the service provided to customers.
The description shows adequate separation within the CBIS function such as systems analysis and programming are separate from data processing and control. There are areas where the reporting procedures are very strong and carried out very efficiently. The weaknesses consist of the dominant role played by the CEO, Mr. Trevor Lawton who is very aggressive and wants that the staff should focus on what he thinks is important. His philosophy is that the financial statements should look good. The controller of the company was at one time an employee of the auditing firm.
Understanding Managerial Accounting RWS ACC 206 Prof. Tolley September 3, 2012 Understanding Managerial Accounting Understanding how to build a successful business requires more than accountants crunching numbers as they account for all the transactions for a given period. It even requires more than accountants creating balance sheets, income statements, and statements of owner’s equity i.e., the financial statements. It also requires teamwork between the accountants and the department managers. It is doubtful that success will come to a company without assistance from the management team. While each department manager oversees a different part of their company’s business, usually they all have one thing in common: they play a part