Mgt/230 Week 2 Internal External
Week 2
Internal and External Factors
MGT 230
August 1, 2011
Globalization Wal-Mart stores serve millions of customers globally each day – and they do their best to make certain that the products on their shelves are a sign of the diverse needs and wants of their customers. Wal-Mart states they are focused on four strategies and the top one is becoming truly global. (Wal-Mart Stores Factsheets). In 2010, Wal-Mart reduced the plastic bag waste across their global operations by 47.95 million pounds, or approximately 3.5 billion bags. This represents a 21 percent reduction from our 2007 baseline. In Chine in 2010 reduced the waste by 84percent using 2007 as a baseline. Wal-Mart wants to stay on top globally where economics is concerned as well as employment, zero waste, lowest prices and the list goes on. Wal-Mart so far has stayed on top as having the lowest prices and having the highest profit by working with and training local people to work while helping to improve the lives of the local people. Wal-Mart has three basic beliefs within their company: Respect for the individual, Service to their customers and Striving for Excellence. In October 2010 Wal-Mart announced an acceleration of their global commitment to sustainable agriculture. By doing this they are matching farmers with markets, reducing food waste while motivating farmers to supply their chain. Through another program they work directly with the farmers to encourage safe cultivation of seasonal vegetables in an effort to reduce waste and improve the quality.
Innovation
Wal-Mart being a major retailer and promising low prices is always looking for ways to be innovative. Wal-Mart holds a national sustainable packaging expo every year and in a statement from the senior director of packaging, Ron Sasine, he said, “We’re interested in innovation. That’s why we hold the event…” He goes on to say that Wal-Mart doesn’t just want something that is a dream but something they can
Internal and External Factors
MGT 230
August 1, 2011
Globalization Wal-Mart stores serve millions of customers globally each day – and they do their best to make certain that the products on their shelves are a sign of the diverse needs and wants of their customers. Wal-Mart states they are focused on four strategies and the top one is becoming truly global. (Wal-Mart Stores Factsheets). In 2010, Wal-Mart reduced the plastic bag waste across their global operations by 47.95 million pounds, or approximately 3.5 billion bags. This represents a 21 percent reduction from our 2007 baseline. In Chine in 2010 reduced the waste by 84percent using 2007 as a baseline. Wal-Mart wants to stay on top globally where economics is concerned as well as employment, zero waste, lowest prices and the list goes on. Wal-Mart so far has stayed on top as having the lowest prices and having the highest profit by working with and training local people to work while helping to improve the lives of the local people. Wal-Mart has three basic beliefs within their company: Respect for the individual, Service to their customers and Striving for Excellence. In October 2010 Wal-Mart announced an acceleration of their global commitment to sustainable agriculture. By doing this they are matching farmers with markets, reducing food waste while motivating farmers to supply their chain. Through another program they work directly with the farmers to encourage safe cultivation of seasonal vegetables in an effort to reduce waste and improve the quality.
Innovation
Wal-Mart being a major retailer and promising low prices is always looking for ways to be innovative. Wal-Mart holds a national sustainable packaging expo every year and in a statement from the senior director of packaging, Ron Sasine, he said, “We’re interested in innovation. That’s why we hold the event…” He goes on to say that Wal-Mart doesn’t just want something that is a dream but something they can
References: Wal-Mart 2011 Global Responsibility retrieved from http://walmartstores.com/pressroom/factsheets/ Globalization and the Wal-Mart Effect By Kerby Anderson retrieved from https://worldviewweekend.com WalmartHELP. (2011). Proven Innovation, Retrieved from http://walmarthelp.com/proven-innovation-is-the-focus-of-walmart’s-sixth-annual-expo-greener-package/ Bateman, T. S., & Snell, S. A. (2011). Management: Leading & collaborating in a competitive world (9th ed.). New York, NY: McGraw-Hill Irwin. Walmart.com. (n.d.). Statement of Ethics. Retrieved from http://ethics.walmartstores.com/ Peterson, C. H. (2005). Employee retention: The secrets behind wal-mart 's successful hiring policies. Human Resource Management, 44(1), 85-85-88. Retrieved from http://search.proquest.com/docview/222104412?accountid=35812