Conduct some Internet research about Walmart®. View the corporate Walmart site.

Question

Conduct some Internet research about Walmart®. View the corporate Walmart site.

Walmart. Retrieved from https://corporate.walmart.com/.

Answer the following questions:

Based on your research on the Walmart corporate website, describe Walmart’s organizational objective(s).

Based on your reading explain how the incentive pay of Walmart’s CEO and of the company’s non-management workers is linked to the organization’s objective.

describe one effective performance management technique for the CEO and one effective performance management technique for non-management workers.

Explain how these performance management techniques, for both the CEO and for the company’s non-management workers, are linked to the organization’s objective.

Please Provide this ASAP.

Thanks

Explanation / Answer

Walmart is a retail giant in the industry operating across the seas and creating a big furtune out of it. Its the worlds largest and the most influencing retailer.

Some terms that   followed to build its empire are as follows.

Walmart's supply chain is one of the world's most efficient supply chain, Walmart uses very less break in between from the warehouse to their store reducing the costs and enhancing the overall profit.

By having an effective supply chain Walmart has successfully developed it advantage over its competitors and in providing different materials to the different places at a very standard time.

Sometimes it would be less than official for the company to have a supply chain dependent organisation because the whole system is depending on the supply chain if a part breaks down then there is a little delay in doing the business.

Strategic partnership is one of main reasons of Walmart's success , Walmart find the best price supplier and ask them if they can fullfil the demand then a long term partnership program is offer which reduces the prices.

Strategic partnerships also provides a solid base walmart. By having different strategic partnerships Walmart at successfully integrated itself into market and merge into the competitors as well.

Sometimes is strategic partnerships also create a problem for the organisation as the partners start to show different characteristics rather than implementing the strategies with the Walmart.

Walmart uses very intuitive way of storing the inventory, It keep its inventory in truck and then later the inventory is loaded to the semi truck without moving them to the warehouse , this broadly increases the efficiency of the transportation and time.

Dependency on the too much Technology and totally depending on the intuitive storage system sometimes leads to failure as they can be technological as well as mechanical error.

Walmart uses state of the art sorting and transporting technologies to ensure the required quality and speed it requires and to obtain high profits and and super efficient system.

Technology based environment is always in fear of getting hacked, being misused and being operated by some other person rather than the companies official employees. Depending on too much Technology Kelly Walmart failure in terms of the technological errors.

Walmart used the terms listed above to build an environment for the low cost industry. It focused on the largest group of middle class people and the idea was to provide low cost product with great quality. Walmart provided the best supply and management system which cut down the costs thus customers were getting the products in best price with higher quality.

Walmart's strategy kept evolving according to the time and needs thus Walmart's low cost strategy is very well suited for the industry.

Walmarts communication model includes communicating with stakeholders on the issue of reduced sales from E-Commerce depart as well as improving The E-Commerce service inside the organisation by taking the communication as a serious task.

Company has implemented multiple database management systems for better communication inside your organisation for provision of inter connectivity in different departments. My connecting the different department communicate information flows from one department to another department in a horizontal way and provides efficient support as well as feedback.

Sudden changes in the supply chain as well as requirement of inventory is also done by the business communication from the bottom most store of Walmart to the top most authorities. By having a communication channel in different departments of the company Walmart has successfully manage to integrate itself into the organisational structure.

By implementation of HRIS walmart has successfully built a new system for efficiently communicating within the human resource information. This is specific system has increased the capability of Walmart to communicate with their overall employees and human resources inside the organisation to create a better working environment. By promoting you open communication between stakeholders and employees of the organisation Walmart has successfully managed to interconnect the department and provide better fluency of communication between two channels of the organisation. By arranging the sender, mediator, receiver system into the organisation Walmart has successfully manage to implement a new system which is totally based on electronics to provide send message to the receiver and take the feedback or an instant time.

Walmart supply chain is one of the finest examples of implementation of communication model. Walmart supply chain uses a digital communication structure from bottom to up. Sending out information from their inventory to the stores and stores to the inventory Walmart successfully manages the overall number of product in their inventory system. Buy automatic be communicated process from their inventory to the suppliers as well as getting supplies Walmart has successfully managing the overall process of communication inside the organisation.

Companies CEOs incentive pay is directly linked to the non management workers of the organisation as overall profit decide then sent if we of the Walmart's CEO. If the Property rates are high the incentive of the top authority in the Walmart as well as non management workers are very similar and provided according to the overall profit to the organisation.

Performance management system can be defined as a tool or process in which the employees as well as managers work together to plan monitor and review and employees overall work towards a specific organisation. Performance management can directly measure all the aspects of the specific employee towards the organisation. The system also provides a coaching to the employee who is being tracked down.

Performance management system has been directly exploiting employees gents long time it was introduced into the organisations. By having a constant eye on the employee it creates the feeling of nervousness and provides less productive results. Why having the less productive use of the overall efficiency as well as productivity is also decreased. If the program is not objective then the influence of the performance management system can be costly. This is specific software also directly uses the algorithm which can be very in human in some different situation inside an organisation.

If performance management system has been allowed to a higher level of subjectivity then it will totally overtake the overall performance measurement of specific organisations and would create a problem for managers as well as employees. Relying on the performance management system can be very dangerous as it provides a non human decision making pattern which could be very dangerous in an organisation at some time.

Companies directly fall into this specific Pitfall by initially watching the overall results of a performance management system while it's on trial in an organisation. This is Pacific performance management system directly provides better results in initiation as the level of interaction with the project management system is increased. Timepass is this is specific system becomes a secondary thing as it provides a totally rigid form of decision making which is not very beneficial for the organisations in terms of decision making as well as employment.
By having proper multiple programs performance management system companies get attracted and provide performance management system into their organisation.

Walmart performance management techniques as well as relation between the topic oddities and then on management workers are directly correlated with the company in goes to achieve more from the same societies in which the specific company is working.

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