Walmart: Organizing Funtion of Management
Organizing Function of Management
Organizing is defined as the assembly and coordination of the human, financial, physical, informational, and other resources needed to achieve goals. (Bateman & Snell, 2009, pg. 20) This function is also referred to as the function used to build a dynamic organization. (Bateman & Snell, 2009, pg. 20) When looking at the organization process Sam Walton the founder of Wal-Mart made sure from the very beginning to keep up with his competitors. In 1972 Kmart expanded and at that time there were 15 Wal-Mart stores and Sam Walton could not afford to expand by building so he offered Wal-Mart stock on the New York Stock Exchange. Due to the large profit that occurred because of the sales of stock Wal-Mart could expand and by the 1980s they had 276 stores. Organizing is comprised of several organizational resources: physical assets, knowledge, money, and human resources.
Resources are organized effectively by the use of tools such as charts and or graphs. These tools will present the various functions of management for instance human resources activities and responsibilities, employee duties and responsibilities, recording relationships amongst upper and lower management. (Bateman & Snell, 2009, pg.290) Within each department there are specific methods being used which helps them in managing the resources provided to them. For example accounting and finance departments commonly use Microsoft Excel Spreadsheets and software such as QuickBooks.
Wal-Mart’s Organizing Function: Human Resources
The management and maintaining of the human resources department is vital when evaluating the effectiveness of the organizing function. “People are assets not commodities”. (Bateman & Snell, 2009, pg.337) Managers as well as their companies must work together to hire the right individuals for the job. Human resource management is responsible for staffing, training, performance appraisals, rewards, labor relations, wages, and benefits. (Bateman &
Organizing is defined as the assembly and coordination of the human, financial, physical, informational, and other resources needed to achieve goals. (Bateman & Snell, 2009, pg. 20) This function is also referred to as the function used to build a dynamic organization. (Bateman & Snell, 2009, pg. 20) When looking at the organization process Sam Walton the founder of Wal-Mart made sure from the very beginning to keep up with his competitors. In 1972 Kmart expanded and at that time there were 15 Wal-Mart stores and Sam Walton could not afford to expand by building so he offered Wal-Mart stock on the New York Stock Exchange. Due to the large profit that occurred because of the sales of stock Wal-Mart could expand and by the 1980s they had 276 stores. Organizing is comprised of several organizational resources: physical assets, knowledge, money, and human resources.
Resources are organized effectively by the use of tools such as charts and or graphs. These tools will present the various functions of management for instance human resources activities and responsibilities, employee duties and responsibilities, recording relationships amongst upper and lower management. (Bateman & Snell, 2009, pg.290) Within each department there are specific methods being used which helps them in managing the resources provided to them. For example accounting and finance departments commonly use Microsoft Excel Spreadsheets and software such as QuickBooks.
Wal-Mart’s Organizing Function: Human Resources
The management and maintaining of the human resources department is vital when evaluating the effectiveness of the organizing function. “People are assets not commodities”. (Bateman & Snell, 2009, pg.337) Managers as well as their companies must work together to hire the right individuals for the job. Human resource management is responsible for staffing, training, performance appraisals, rewards, labor relations, wages, and benefits. (Bateman &
References: Bateman, T.S. and Snell, S. (2009) Management: Leading and Collaborating in the Competitive World. (8th ed) New York, NY: McGraw-Hill/Irwin PBS-Store Wars: Wal-Mart Business Practices (2010) Store Wars: When Wal-Mart Comes to Town. Retrieved December 4, 2010 from http://pbs.org/itvs/storewars/stores3.html Walmartstores.com (2010) Wal-Mart.com: Benefits. Retrieved December 4, 2010 from http://walmartstores.com/careers/7750.aspx Walmartstores.com (2010) Management’s Discussion and Analysis of Financial Condition and Result of Operations. Retrieved December 4, 2010 from http://walmartstores.com/sites/AnnualReport/2009/docs/fr_financial_condition.pd