WAL-MART HUMAN RESOURCE MANAGEMENT

Wal-Mart Human Resource Management

Wal-Mart Human Resource Management

Introduction

The first Wal-Mart was opened in 1962 as a result of Sam Walton's dream to give people high value, low prices and a warm welcome. Till today there are more than 1.2 million associates of Wal-Mart worldwide. It has more than 3,000 stores and offices across the U.S and more than 1,000 stores internationally. In 2000 Walmart.com came into being which has brought Sam Walton's dream of bringing Wal-Mart to the Internet. It is because of the great prices and appealing selection that customers return to Wal-Mart again and again. It is also because of the people at Wal-Mart who greet people with prompt friendly service. In this paper we analysed the Wal-Mart Strategic Management.

Wal-Mart Human Resource Management

The nation's largest retailer has implemented an Internet EDI system that enables its smallest suppliers to work with automated ordering systems. Wal-Mart Stores Inc. last week established Harbinger Corp.'s TrustedLink Express to make EDI services accessible to businesses incapable or reluctant to bear the total cost of a proprietary EDI connection.

"Wal-Mart is definitely furthering its worldwide strategy to connect partners all over the world," said Torrey Byles, president of Granada Research, who predicted the service would quickly be ported to Asian and European trading partners. "They're trying to do more local buying in Latin America and Asia, and I am sure this fits in there." Wal-Mart executives would not comment on the deployment, but Harbinger vice president Tom Lenahan confirmed that Wal-Mart in tends to build a global Internet EDI network. Harbinger's contract with Wal-Mart calls for it to develop interfaces in several foreign languages. The Wal-Mart application completely eliminates all value-added network charges, Lenahan said. Wal-Mart is trying to go direct, no VAN," Lenahan said. "This is pure, protected Internet connectivity."

Wal-Mart helped ensure a change in the character of downtown, he said. Laura Richardson who is a retail analyst with Pacific Crest Securities is all for a comparable change engaging smaller retailers. It s a large-scale store. It carries a very wide selection. There s no depth, Richardson said. That s where the local shops can compete. They need to figure out what Wal-Mart doesn t do, be flexible and do it. The expansion of Wal-Mart throughout the U.S. is a positive change for villages, cities and the economy. It brings prosperity, wholesome affray and it is part of the inescapable evolution that clears through the country on a every day basis. Wal-Mart should be greeted with open arms and with a affirmative outlook for the future. (Wilson, 1999, pp 121-190)

Wal-Mart Philosophy

Wal-Mart is successful not only because it makes sound Strategic administration conclusions, but furthermore for its innovative implementation of those Strategic decisions. Regarded by numerous as the entrepreneur of the century, Walton had a status for nurturing about his customers, his employees (or aides' as he referred to them), and the community. In order to maintain its market place in the discount retail business, Wal-Mart ...