The company chosen for this assignment is Walmart. Walmart's history is one of innovation, leadership and success. Walmart was founded by Sam Walton in 1962, it was incorporated on October 31, 1969, and listed on the New York Stock Exchange in 1972. It started with a single store in Rogers, Arkansas in 1962 and has grown to what is now the world's largest and arguably, the most emulated retailer. Some researchers refer to Walmart as the industry trendsetter. Today, this retailing pioneer has annual revenues of over $100 billion, 3,000 stores and more than 750,000 employees worldwide. (source: walmart.blogspot.com)
The enhancement a company gives its product or service before offering the product to customers. Value added
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(source : www.businessdictionary.com). Walmart has a opted for a simple pricing strategy, which is to provide consumers with adequate value for their hard earned money. The human resource strategy is to always make sure employees plan to hold down costs whenever it is possible. Every time they are successful in reducing the expenses needed, those savings are passed along to the customers in the form of lower prices. This effective strategy hits two birds with one stone, lowering expenses as well as putting more pressure on competitors to keep up.
Organizing is arranging several elements into a purposeful sequential or spatial (or both) order or structure.(source: www.businessdictionary.com). The role of human resource is to install in the leaders and employees of Walmart to undergo the process of continuous learning, step by step betterment, definitive execution, employee direction and employee relation. These value are brought together to create a cooperative team and working environment. The staff of Walmart are highly productive and at the same time the staffing levels are lean. Yes this goes against the basic generalities of a business where it is said that the more freedom an employee gets in an organization, the less productive he is assumed to be. Nevertheless, Walmart has dictated their own fate, where the human resource organizes the roles and responsibility of the employees in a way that keeps them