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MGT101Assignment1answer-Copy.docx1. To establish the Wal-Mart Stores Inc. in Kingdom of Saudi Arabia, you have to write the: (400 – 500 words) Comment by Norah AlMutairy: كل الموجود من الانترنت فقد ابي اعدل بالصياغة بلغتنا اذا عندك وقت خلصيه لي وانا ارجعها
a. Introduction about Wal-Mart Stores Inc. business. Comment by Norah AlMutairy: حاولي تعدلي لي بالصياغة كاملة هذي الأشياء اللي ابيها عشان ما يكون في سرقة أدبية
In 1962 , the core of the hypermarkets of Walmart is an American global retailing organization that operates as a series of hypermarkets, rebate department market, and business stores.
Walmart was built in headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in 1962 and integrated on October 31, 1969.
As of January 31, 2017, Walmart has 11,695 stores and clubs in 28 countries, under a total of 63 banners. The company operates under the name Walmart in the United States and Canada.
Walmart started showing its services in retailing that it operates as Walmart Mexico in Dominant America. It also owns and operates Sam's sale stores until Wal-Mart becomes better in the area.
As soon as we are close we will open a branch in Saudi Arabia to cover Middle East.
b. Product and type of services.
Walmart has a lots product and type of services with Walmart Services, you'll find clever solutions for everyday living all at everyday low prices.
Take care of all of your computer electronics needs with product care and maintenance.
Also, with photo services, photo cards and albums can bring memories to life and with free shipping on prints.
In addition, how important it is to keep yourself and your all member family in good healthy. At Walmart Health Center, you will have access to medicines and health examination at the lowermost costs.
Keeping your family healthy is also about good food them with home stewed meals. With Walmart's Grocery service, you can order what you need online without going any place.
Also, Walmart provide anything about Beauty and you can welcome each season with sample beautiful products and advices on how to use them.
Moreover, there is a lot services Walmart provides for customer we cannot listed all products and services here.
c. Business statement.
Walmart’s Business Statement. The company suggestions its success to the ideals of its founder, Sam Walton. These ideals are emphasized in Walmart’s vision statement:
“To be the best retailer in the hearts and minds of consumers and employees.” Sam Walton
The company goals to achieve a top position in the retail industry.
Based on its current state, the firm has already satisfied the “best retailer” part of the vision.
Walmart’s vision statement also points to the minds and hearts of the people that matter most to the business, i.e. consumers and employees.
The company has realistically affected the minds of consumers and employees based on financial interest. Employees earn wages, while consumers save money through Walmart’s low prices.
d. Business vision.
e. Business objective.
Walmart Mission Statement
Walmart's mission statement is as follows: “We strive to offer our customers the lowest possible prices, the best available selection, and the utmost convenience.” This mission statement promises an attractive retailing service to satisfy customers’ needs. The following components or features are identifiable in Amazon’s mission statement:
1- Lowest prices
2- Best selection
3- Utmost convenience
The “lowest prices” component of the mission statement guides Walmart Inc.’s pricing strategy. Such low prices are a selling point that makes the company’s retailing website and service attractive. A corresponding strategic objective is to reduce operational costs. Walmart's mission statement also points to having the best selection. The availability of a wide variety of products on the company’s website is a major factor that attracts customers. Moreover, Walmart Inc.’s mission statement emphasizes convenience. Convenience is a common criterion that consumers use in evaluating the quality of the online retail service.
2. Identify and describe the four managerial functions that can be applied in Wal-Mart Stores Inc. in Saudi Arabia. (200 – 300 words)
Effective managers understand how planning, organizing, leading, and controlling are used to achieve organizational success.
1- The first steps in starting a business is to prepare a business plan, Sam Walton plan to open Walmart since 1962 the vision and mission, planning for strategizing, and goals or objectives.
"The secret of successful retailing is to give your customers what they want. And really, if you think about it from your point of view as a customer, you want everything: a wide assortment of good-quality merchandise; the lowest possible prices; guaranteed satisfaction with what you buy; friendly, knowledgeable service; convenient hours; free parking; a pleasant shopping experience." - Sam Walton (1918-1992).
How we will write a business plan for Walmart in Saudi Arabia:
a- Describe Walmart’s background and products or services we will be provided.
b- Describe how you will market your products or services.
c- Describe your development and production emphasis.
d- Establish financial statements.
2- So he organizing design, culture, and social networks this generic strategy determines the other strategies used in the company. One of the strategic objectives of Walmart is to keep operating costs low. As mentioned, the firm minimizes wages and spending in other areas of the business for this objective. Another strategic objective of Walmart is to achieve economies of scale to support the cost-leadership generic strategy. To minimize prices, the firm must maintain high sales volume and large-scale operations.
3- And, And, Leading (leadership) requires decision making, communications, groups/ teams, and motivation, to motivate employees to achieve business objectives and goals.
It requires the use of authority to achieve those ends as well as the ability to communicate effectively.
Effective managers they can influence their personnel to view situations from their perspectives.
Leading also involves supervision of employees and their work.
4- At the end he can Controlling systems and processes, strategic human resources. Controlling is a function of management that involves measuring achievement against established objectives and goals. It also requires managers to be able to identify sources of deviation from successful accomplishment and to provide a corrective course of action. Managers first establish objectives and goals, then measure achievement of them, identify anything that is keeping the company from achieving them, and provide means of correction if necessary.
3. Identify the probable stakeholder for Wal-Mart Stores Inc. KSA. (200 – 300 words)
In Saudi Arabia Walmart can building stakeholders as grouped based on their shared interests th he following are the main stakeholder groups considered in Walmart’s corporate social responsibility strategy, arranged according to the company’s priorities: Investors, Customers, Employees, and Suppliers.
These stakeholder groups also have different stages of priority, based on the company’s beliefs and policies.
Nonetheless, all of these stakeholder groups are considered in the company’s decision-making process. Walmart’s prioritization of its stakeholders is similar to those of many businesses, with investors usually getting the top priority.
