DIVERSITY

Diversity Policy

Diversity Policy

Introduction

In today's fast pace of competition, the organisations are required to put into practice such approaches and strategies that guarantee organisational success and growth in the industries. The strategic management is a significant feature for every organisation. In today's era of contemporary business, the importance of strategic management has increased to a great extent. The strategic management provides the organisations with the strategic framework and the road map with which the organisations can achieve the organisational goals and objectives. The strategic management ensures the functioning of strategies and approaches in an effective and efficient manner. All the aspects of the business processes depend upon performances of the human resources of the organisation. Mainly the success of the organisations and the achievement of competitive position of the organisation greatly depend upon the way the organisation's human resource management manages its employees. The human resource management has significant impact upon the business processes and it assists the managers and leaders of the organisation to manage their employees in an efficient and effective way. The best use of the resources and strategies allow the organisation to have the strength to deal with the threats that may take place to the organisation from external market. The organisation, in order to be competitive and profitable among the competitors in the industry use strategies of dissimilar types and of different levels to improve their business performance.

Most of the modern organisations have changed their traditional approaches in order to direct their human resources. The most important approach that is being used by the managers is the hiring of the employees from varied cultures. The following section aims at discussing in detail about the diversity policy that is being used by the Wal-Mart.

Introduction to Wal-Mart

Wal-Mart is an American based retailer that has its retail stores worldwide. It has the chains of big discounted departmental and warehousing store. According to the Fortune Global 500 list in 2012, Wal-Mart is considered as the third biggest public organisation around the world. It has more than two million employees around the world. It is family inherited business and is one of the most valued organisations not only in United States but also worldwide. The largest market share and the largest profits generated by Wal-Mart give large millions of monetary contribution to the United States economy annually. Along with the business challenges, Wal-Mart takes all the market shares while making the great differences communities.

Wal-Mart, the largest retailer in the towns has been confronting too many ethical challenges. The critics and controversies are arising upon its policies and strategies. The Wal-Mart always had great consideration for the communities in which it operates. Despite this it also has to face the criticism that that Wal-Mart imposes severe challenges upon the abilities of local businesses and make it critical for them to sustain in the market.

Discussion

Diversity in this context covers gender, age, language, ethnicity, cultural background, sexual orientation, religious belief and family responsibilities. Diversity also refers to the other ways in which people are ...