Saturday, July 27, 2019

Strategic HRM Essay Example | Topics and Well Written Essays - 3750 words

Strategic HRM - Essay Example The only difference is that in the game of business, teams compete against one another for customers, innovations, employees, and ultimately the profit margin they are able to accrue at the end of the day. The other difference is the time frame, whereas in sports the game is over a defined period of time, in the business, the time frame is unlimited as long as the business exists. Just like in the sports, the business empires that win indicate consistency in their preparation, planning, and skills in their execution plans. These business organizations do understand best their positions, where they are aiming at, and how they want to achieve their aim. It is also important to note that these winning business firms have constant touch with the customers needs and how to comply, the technological advancement that are relevant to the business as well as the market trends and innovations that will enable them be ahead of the park compared to their competitors in the market (Wal-Mart, 2011 ). Business organization then have to keep pondering on how best the cardinal factors in the business can be best satisfied to make then take the lead in either service delivery or product delivery to the customers. In this regard, all business owes allegiance to a strategy either planned or unplanned, strategy in this case is the language that implies a game plan. A business strategy is the lifeline of a business organization that drives both the short- term and the long-term projection and determines the success of the business in an ever-changing business environment and stringent competition. Overview of Wal-Mart Company Wal-Mart boost of being one of the largest family owned multinational retail cooperation. It is an American company having been founded in 1962 by Sam Walton. Walton family is arguably the leading shareholders in the cooperation, as they own about 48% of the total share of the business empire. The incorporation of the business took place in the year 1969 and by 1972 its shares were floated in the New York Stock Exchange for public trading (Wal-Mart, 2011). The corporation was branded Wal-Mart in 2008 having relinquished its former name of Wal-Mart Stores, Inc. in pursuit of the Forbes Global 2000, Wal-Mart was ranked 18th in the perking order of the largest public corporations in the world and the leading in the US. The cooperation also employs about two million employees which makes it one of the world largest private employers. The headquarters of the business is at Bentonville, Arkansas. In the United States, it is considered one of the leading grocery retailers having in the year 2009 collected 51% of the total sales it realized in the year i.e. US$ 258 billions. This percentage sale was realized on the grocery sale alone. Wal-Mart scope of operation in the global is equally expansive, it has a total of 8,500 functioning store in 15 countries operating under different references. In the United States for instance, the company operates under the name Wal-Mart including the 50 states of the US. In India the company is called Best Price, Mexico, its called Walmex, in UK it’s referred to as Asda while in Japan, it is referred to as Seiyu. Wal-Mart has expansive and extensive operation in Canada, Brazil, and Argentina (Wal-Mart, 2011). While in the North America, the business has registered performance of varied

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