Solution
Abhishek answered on
Jul 03 2021
Running Head: WALMART 1
WALMART 21
BUSINESS CASE STUDY
Executive Summary
Change is very significant in every aspect of a business. It is the change that has kept the business running at every moment—time changes. The preferences and styles of life also change. Therefore, it is quite evident that the company would mold themselves with the sphere of the change. Every organization practices change management. Change management is a strategy that
ings about new and fresh ideas to relieve the future. To attain growth and avoid stagnation, change is the ultimate path. Every organization believes in change.
Change in the strategies enables the stakeholders to create dedication and motivation to the organization. Change helps in identifying the loopholes of the company. Through this assignment, Walmart has been talked about. Walmart is one of the most reputed companies of all times in the world. It has been operating in the market for some decades. Therefore, change is inevitable for the organization. To relieve the fright of stagnation, Walmart has adopted the strategies of change management. This assignment would show that change is necessary to
ing growth in the business. Change management strategies in various aspects are essential to
ing satisfaction to the customers.
Table of Contents
Executive Summary 2
Background Information 5
The Need for Change 6
HR Department 6
Training Session 6
Recruitment 7
Compensation 7
Workforce Management 8
Communication 8
Leadership 9
IT/Cloud Storage 9
The Change Process 10
Description 15
Training Session 15
Recruitment 15
Compensation 15
Communication 16
Leadership 16
IT Storage 16
Results 17
HR Department 17
Training Session 17
Recruitment 18
Compensation 18
Workforce Management 19
Communication 19
Leadership 20
IT/Cloud Storage 20
Conclusions 21
References 22
Background Information
Walmart is an American multinational company that provides services to customers through its retail stores. The company operates in a chain of hypermarkets and departmental stores. Walmart has been working in the market for quite an extended period. Sam Walton was founded the company in 1962. However, the company came into operations in 1969. The company has been running its business on a strong note in the market.
It has its services in many parts of the country. As of estimated in 2020, the revenue of Walmart has been calculated as 52,396 USD (Lawrence, 2020). Walmart has been declared as the world’s largest company in comparison with the revenues. However, operational factors have faltered in recent times. Working in more than 27 countries, there have been specific changes that need to be adopted by the company.
Walmart has operated over the deceased in the market. The reputation and the strength of the company are enormous. Customers have been highly satisfied with the services provided by Walmart. However, it is the responsibility of every organization to ensure that the latest services are being provided to the consumers. The preferences of the consumers are changing each day. With the advent of technology, the references of the consumers are shifting each day (Pham, 2018).
In addition, Walmart needs to make sure that the operational systems of the company are as per the diverse needs and demands of the consumers. Therefore, a change is inevitable. The organization had been facing some hindrances in the recent times within various operational functions. Change is the constant adoption. Walmart released that to operate on a large scale, change must be adopted. There has been a recent stagnation in various aspects of performance within Walmart.
The consumers and the employees were quite not satisfied with the services of the organization. The products were not up to the mark or as per the expectation of the consumers. The details about the customers were not safe within the storage of the organization. Customers were frustrated with the i
elevant and unsafe attitude of the company. On the hand, wrong leadership practices and inappropriate training sessions were proving to be a great hindrance to the employees. The performance of the employees was degrading.
The employees felt a lack of motivation and the dedication towards the cause. Therefore, Walmart has seen a sharp decline in the profit margin of 5% (Muda, 2018). This is a matter of huge concern since every organization wants to increase their profit margins. Therefore, Walmart has decided to
ing about certain changes in certain aspects. Walmart has thought that a change or a shift in certain practices would help in reviving the glory of the company.
The Need for Change
HR Department
Training Session
In the US based company of Walmart, there has been recently a problem in certain departments for which the company has been facing a crisis. The first department, which has been facing problems, is the Human Resource (Islam & Salam, 2019). The First problem, which has been faced by the company, is the employees’ resistances to any kind of changes in the organizations. If any new policies have been decided to be upgraded, then the employees are unable to undergo any sort of training. There has been no motivation for growth as well, which is making the department regulations much slower.
Another problem, which has been faced by this, is that there has been a lack of technology, which can strive to intake the recent procedures of the training. This has been causing a disruption among the newly junior trainees as well the management (Bellafiore et al., 2019). Therefore, the organization has been in earnest need of technology improvements, which can contribute for a rapidity in the work. This problem has led to disruption in completion of the short and the long terms goals of the organization in greater ways. Walmart recently needed greater changes in the interiority of the organization.
Recruitment
In the case of the recruitment of the employees in Walmart, there has been a sudden arousal of a problem, which has been harnessing the course of work for the employees. The first thing is that, i
espective of the skilled and talented employees who have been working for the organization, recently there has been a lack of qualified candidates who can work for the newly duties and posts of the organization. Due to this shortage of the qualified candidates, the not productivity of the company had been hampered (Brandle, Grunau, Haylock & Kampkotter, 2020). This has affected the company in a large way
Next problem, which has been associated with the recruitment terms and the policies, is that, i
espective of the huge number of employees who have been earnestly taking part in the organization for the posts and the duties, there has been a lack of talent in them (Velmurugan & Rajan, 2018). The knowledge and the skills are nowadays so less in people that they have no effect in working for much responsible posts in a renowned organization such as Walmart. At a certain point of time, even if taking ahead this less skilled person for a job, the overall impact comes down on productivity.
Compensation
Walmart has recently earned his name for the whole selling of products at much moderate and cheaper costs. There has been recently a problem in the HR department with the issue of the remuneration or the compensation of the employees. The employees have companies that are not receiving proper remuneration on time. Even after a heavy sort of work, the employees are n
Not receiving incentives for which they are highly dissatisfied (Hasegawa et al., 2016). This has created a huge mess and problem in the organization. This has become a matter of concern for the organizations in a great way.
Walmart has recently reported that their cu
ent problem has been for deteriorating labor market conditions. This has affected the supplies of the organizations. Economic conditions of the company have recently suffered a setback for these reasons. There has been influence from the union in the aspect of the Walmart. This has also created an effect on the wage level of the employees. As a major part of the funds of the company has been given for autonomy; therefore, the organization has run out of money. The HR department has recently focused to increase the aspects of this, which has been a significant factor for the total regulations of the organizations.
Workforce Management
Communication
The HR department has been recently facing a problem with regard to the communication between the employees and the management. This has created a negative impact on the course and the structure of the organization. The communication ba
iers have been affecting the employees and the management is getting lost in translation. They are unable to read the terms and conditions of the business projects and the purposes (Burgoon, Gue
ero & Manusov, 2016). There has been a lack of project hierarchy as well. This has been creating a problem in the issuing of the projects for the business.
Next problem with the communication ba
iers is that there has been a mismatch of the goals of the business in the organization. The opinion, which has been shared, by one of the team members has not been liked by another team member of the same group and vice versa. Besides, the management also does not follow the opinion of those respective team members as well and he is busy in propagating the idea of his own. This has been creating a huge problem in the interior business environment of Walmart. This is the main problem which has been faced by the organization and thinking over the strategies to...