Walmart Organizational Global Environment Assessment - Free Essay Example

Sample details Pages: 5 Words: 1490 Downloads: 3 Date added: 2019/10/30 Category Business Essay Level High school Tags: Walmart Essay Did you like this example? The largest retailer in the United States is Walmart. It may be stating the obvious, however it is quite true. Walmart is a Fortune 500 company with a long history of success. Don’t waste time! Our writers will create an original "Walmart Organizational Global Environment Assessment" essay for you Create order Since it was created in 1962, Walmart has had its sights on rapid expansion. In 1991, Walmart opened their first international location in Mexico (Hunt et al., 2018). By the 21st Century, Walmart was the number one retailer in America with the most global locations. The environment of an organization influences their success or failure. Uncertainty, competitive forces, and turbulence can influence the environment. Organizations must be prepared with strategic responses, organizational design, and sustainability measures. In the following report, the general and task environment of Walmart will be examined. Economy Growing vs. Shrinking Economies Walmart has been focused on expansion and continued growth. The company has 11,200 stores in 27 different countries (Hunt, Watts Bryant, 2018). In 2018, the company was the first Fortune 500 to sell 500 billion dollars in goods (Hunt et al., 2018). Walmart also has approximately 2.2 million people working across the globe making it the worlds largest employer. One crazy fact is that if Walmart were a country, it would be one of the richest in the world and would have a GDP of 433.9 billion USD (McGee, 2018). The presence of Walmart in developing or shrinking economies can have a positive influence. The company hires a large population of employees and offers low priced goods to consumers. In comparison, Amazon has a fast-growing economy and poses a threat to the international success of Walmart. If Walmart was a world economy, it would rank 28th while Amazon would rank 55th based on a GDP of 177 billion (McGee, 2018). Walmarts plan to continue their international expansion plans will strengthen their GDP and better position the company in the global economy. Whether or not international competitors could pose a potential threat to Walmarts economy in the future remains to be seen. Technology Walmart has always been a leader in technology. They were the first to adopt new technologies that streamline organizational processes. In the 1980s, the company converted their cash registers to computerized point-of-sale terminals and launched the largest private satellite communication system. The company has the most sophisticated security systems in their stores and blockchain technology to track produce and retail products. Walmart harnesses technology to improve the customers experience and to speed up shopping. In recent years, the company has introduced online and mobile shopping features and shoppers can scan and pay for their products. Along with streamlining business operations, the company has developed technology to assist the customer. Smart Life is giant tablet table with a computer designed to help customers navigate different technology and demonstrate digital devices and products (Malinowska, 2016). Call buttons are another technological breakthrough introduced by Walmart. Rather than wandering around the store looking for an associate to ask a question, the customer can press a call button and connect directly to an associate (Malinowska, 2016). The staff wear GPS-enabled devices to receive the call. Socio-Cultural Trends Walmart is a retail giant, but the companys sole focus is not on profits. The company is known for their corporate responsibility. They make efforts to improve the social, economic, and political environment of the communities in which they operate in and have taken steps to reduce their impact to the environment. The Walmart Foundation gives away one billion dollars every year to help sustain and strengthen global communities. They have streamlined their supply chain to reduce waste and have begun to source products from local vendors. Political/Legal Trends Walmart is a large corporation with political clout. The company has a political agenda and the influence to ensure their political goals are met. Walmart spends billions of dollars in lobbying efforts to influence what candidates are voted into office, and to influence laws that are enacted and would impact the retail industry. Every year, Walmart contributes to the campaigns of political candidates in an effort to garner their favor. Retailers who donate to campaigns shape policymaking and influence the legislative direction of political leaders (Gilens Page, 2014). The goal is to ensure laws are not made that could impact business operations or result in any trade restrictions affecting the companys ability to operate in local or international markets. In the legal environment, Walmart influences laws in America and the international marketplace. The company makes sure to follow all national and international laws. Customers Walmart has a large, loyal customer base. Their target market is middle class to lower class consumers. In one week, 265 million customers will make a purchase at a Walmart store (Hunt et al., 2018). The company does not typically target the top five percent with their low-cost products and convenience. Consumers at Walmart are looking for a good product at a lower price. Customers can shop at brick and mortar locations, or they can purchase products online. Products ordered online can be delivered to the customers door in approximately two days, or they can pick the product up at their local store. Their clientele wants the convenience offered by having retail and grocery product in one location at a reasonable price. Competitors/Rival Firms Walmart has several competitors in many international markets. Inside the United States, Target, Costco, and Home Depot are major competitors. Meanwhile in China, Walmarts major competitors are Sun Art Retail Group Ltd. and China Resources Enterprise Ltd (Hunt et al., 2018). Walmart has many rivals because they are in many different markets. For example, in the international market and online, Alibaba, Amazon, and Ikea are some of their competitors. Ikea has blocked Walmart from having success in the furniture market while Costco has greater bulk sales than Sams Club, which is a subsidiary of Walmart. Despite having many competitors, Walmart still has the most sales of any global retailer and the most brick and mortar locations. New Entrants For Walmart, the threat of new entrants is high. Due to the effectiveness and efficiency of online shopping any new entrant can pose a threat. Amazon is a relatively new company that has employed the internet to expand their company across the global market. Similar companies could most certainly appear and threaten Walmarts success. These retailers offer goods that cannot be found in the mass retail store. Products in the smaller retail stores are of high quality and source their supplies from local vendors or international suppliers. Through creative internet marketing, any company can be a success. The internet offers businesses a low cost of doing business. They can easily source similar products provided by Walmart and do not need the same financial resources to enter foreign marketplaces using the internet (Hicks et al., 2012). Small retailers do not have the same expenses to operate as Walmart does, and are not required to pay the high taxes either. They do not have to offer benefits nor pay for health insurance. They also are not subject to the same level of regulation. Large retailers pose another threat especially if they throw their hat into the online retail market. Another large competitor like Amazon would certainly cut into Walmarts profits. Currently Walmarts biggest online competitor is Amazon, but there is the possibility that another large, online competitor could emerge. Walmart is a major force in the retail market. New entrants pose a threat, but the company is well-established in the international market. To prevent new entrants from impacting retail sales, the company employs innovative marketing strategies and offers lower prices than most of their competitors. Another way Walmart prevents new entrants from disrupting their business is through sustainability and corporate responsibility. Walmart gains the loyalty of consumers in international markets by building capacities in global markets. Suppliers The bargaining power of suppliers is weak when relative to Walmarts. Walmart has its own supply chain from transportation networks to distributors and warehouses. If Walmart stops using a supplier, it could cause major financial damage to the supplier. The supplier must stay in the good graces of Walmart to keep their business long-term (Greenspan, 2018). However, there is major competition amongst the variety of suppliers all of whom want Walmarts business. When there is a large population of suppliers, amongst other companies Walmart typically has the most bargaining power. They manage their suppliers by applying corporate responsibility. Conclusion Walmart is the largest retailer on the globe. The company has over 11,000 brick and mortar locations and is a major online retailer. The company supports the growth of the markets they enter and has introduced innovative new technologies to streamline their operations. Corporate responsibility is a major goal of the company along with influencing politics through lobbying and donating to the campaigns of political hopefuls. Their target market is focused on the middle- and lower-class consumer and their competitors are Target, Costco, and Home Depot in America and Amazon and Alibaba in the international marketplace. New entrants pose a threat to the company, but through innovative marketing strategies and offering lower prices, Walmart can continue to be a retail leader.

Arctic National Wildlife Refuge Should Be Protected From...

Adamia Coverson Mr. Gos English 1301 1 Oct. 2015 Drafting Paper Assignment Subject Point of Significance Arctic National Wildlife Refuge Should be protected from oil drilling Dear President Barack Obama: As you may be aware, some of your Congressmen are wanting to drill for oil at the Arctic National Wildlife Refuge (ANWR). The main Arctic National Wildlife Refuge Drilling article on Opposing Viewpoints Online Collection, said that US House of Representative passed yet another bill to drill oil in the Arctic National Wildlife Refuge in February of 2012. My main question is why is another bill being passed if it has be declined twelve times already? If drilling were to occur, lots of animals would be without a home and eventually the species will become extinct. The US Fish Wildlife Service states that the ANWR is well-known for the polar, grizzle, and black bear; wolf, Dall sheep, and the symbolic animal of the wildness of the refuge, the caribou. Not only will drilling affect the animals in the environment, it will affect the animals that depend on those of that environment. In order for an ecosystem to stay an ecosystem there are three aspects that int eract with each other: †¢ Biodiversity †¢ Sustainability †¢ Adaptations Sustainability and biodiversity go hand-in-hand. Sustainability is the ability to maintain valued qualities in a physical environment. Those qualities come from the biodiversity of the environment. Biodiversity is the variability among livingShow MoreRelated Should the Arctic National Wildlife Refuge be opened to Oil Drilling?1544 Words   |  7 PagesDrilling oil in Alaskas Arctic National Wildlife Refuge (ANWR) is a serious issue for environmentalists and for the future of the United States. Should the Arctic National Wildlife Refuge be opened to oil drilling? This paper will debate whether or not we should allow Arctic National Wildlife Refuge to be opened to oil drilling. 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These preinstalled views are nearlyRead MoreEssay about Environmental Views of Anwr2711 Words   |  11 PagesThe Arctic National Wildlife Reserve (ANWR) is a beautiful 19.6 million acre coastal plain, and is located in the Northeastern part of Alaska. ANWR is home to numerous species of wildlife and one of the largest untapped oil preserves in the United States. There is an immense debate between the opposing environmentalists and the politicians who want to drill for oil on a section of ANWR, which is only 1.8% of the refuge. Environmentalists who oppose drilling for oil in Alaska say the wildlife andRead MoreAlaska Oil Drilling: A Threat to Biodiversity1606 Words   |  6 Pagespressure, the issue of opening the last of Alaskas pristine frontiers for oil drilling exploration appears may finally be moving towards a long-sought resolution. 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A Summary Of The Awakening Conscience - 740 Words

Aristotle considered the heart’s passive voice the source of thought, reason, and emotion. He thought this due to the speeding up and slowing down of the beating heart. The physical manifestation of emotion, the heart, begins to flutter when one’s love draws near; however, once joined with the person’s love, the owner of the heart loses independence and identity. Hunt, Atwood, and Chopin focus on the vast negative sacrifices one must make while in a relationship with a significant other: one’s identity, loss of opportunities due to relationship conformity, and potentially irreversible destruction to the heart. Being with a significant other will strip one’s individualism causing one to yearn for one’s lost character and identity.†¦show more content†¦The loss of one’s identity will cause lost opportunities to pursue one’s happiness. In the Awakening Conscience, Hunt paints the woman looking through a window with a green garden. Hunt emanates the idea that the man stopped her from pursuing her opportunity in order to conform to the relationship. The woman hopes for new beginnings of a utopic paradise and strives for new beginnings to escape the unhappy present. In â€Å"The Woman Who Could Not Live with Her Faulty Heart,† Atwood compares the heart’s living space to â€Å"deep oceans of no light† (line 14). Atwood connects darkness to the woman’s significant other’s shadow blocking the light. Atwood expresses that the woman’s significant other is preventing any hope for the woman to obtain her opportunities. Hunt and Atwood contend the obligations of being in a relationship that will cause one to lose their opportunities. The heart, a fragile organ, will endure irreparable damage from the hardships of a relationship. In â€Å"The Woman Who Could Not Live with Her Faulty Heart,† Atwood compares the heart to an â€Å"unshelled turtle† and is enduring a â€Å"regular struggle against being drowned† (lines 10, 11, and 19). Atwood uses vivid imagery to illustrate that the heart is fragile and easily broken. The author, also, conveys to the reader that the heart, always in a constant struggle, must overcome various obstacles. 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Its a right handed world Essay Example For Students

Its a right handed world Essay IT’S A RIGHT HANDED WORLDIn virtually every society throughout history, there has been discrimination against left-handed people. Left-handers have always been considered evil, sinister, weaker, or inferior people, and many of them have faced violent efforts to convert them to being right-handed. Even through the middle of the twentieth century, most left-handers were still being forced to write with their right hand. While there is not nearly as much active persecution against left-handers today, there is still a great deal of bias against them. There is bias against left-handers in the design of tools and equipment they have to use, and in the instructions that they must learn from. We allow left-handers into our classrooms, into our workplaces, and on our playing fields, but we still make it difficult for them to fit in and to feel comfortable. The issues affecting left-handed people are much more serious than most people realize. There are many things that right-handed people take for granted that are more difficult for left-handers. This includes many basic skills taught in school, such as learning to write, learning to use scissors, and learning various crafts, hobbies, sports, and other activities. If we dont teach left-handed children just as well as we teach right-handers, they are more likely to lose interest in school and to lose confidence in themselves. It is not exactly clear how all left-handers fare in our society, but indications are that many are not doing well. Studies show a higher dropout rate for left-handers, and a higher percentage of them among the criminal element and among the underachievers of society. Some studies indicate that left-handers are more vulnerable to various accidents, addictions, and afflictions that can actually shorten their lives. These studies are not large enough to be conclusive , and there are still many conflicting theories and opinions, but their implications are alarming. Not all left-handers have a difficult time living in a right-handed world, and many of them are offended by implications that left-handers need any kind of help. Many people believe that being left-handed is a special privilege, and that the challenge of being a lefty has made them stronger. There are many happy, healthy, and successful left-handers, including some of our most famous artists, athletes, entertainers, and politicians. These are the most visible of all left-handed people, while the ones with the biggest problems are less likely to be noticed and less likely to be heard from. In between the extremes are the rest of the left-handers, and there are varying opinions about how much of an issue being left-handed has been for them. Almost every left-hander seems to have one particular thing that bothers him or her the most. Many older left-handers have bitter memories about the way their parents and teachers treated them. Younger left-handers have had an easier time of things, but they still have many complaints and frustrations. How would this world, or this school, be different if left-handed people were a majority? First of all, a right-handed person might be writing an article like this complaining about the injustices towards the right-handed. Binders would open from the left and handles of pencil sharpeners would be on the left side. Authors would write books on famous left-handed and not on right-handed people. Lastly, there would be left-handed scissors for all! These are a few of the many adjustments that can be made.