Outline
Liberty University
BMAL 504 – Leading Organizational Chang
Since Walmart’s first store opened in Rogers, Arkansas on July 2nd, 1962, it has grown to become one of the largest retail and wholesale companies in the world. It’s success has beyond exceeded the late Sam Walton’s expectations since the launch of his company. In over 50 years of business, it has thrived. Today, the company employs over 2.3 million employees worldwide. With a market cap of over 221 billion dollars, Walmart is a powerful force in its industry and has utilized all aspects of commerce for continued success. While they are a thriving company, they still have much room for improvement in their strategic direction. Even though Walton’s “10 Rules for Building a Better Business” doctrine is an excellent baseline for current and aspiring business owners and employees, they are falling short on a few aspects.
This paper will address some of the processes Walmart has in place, our recommendations for improvement as well as a biblical perspective. As stated in the first book of Peter 1:13-15, “Therefore, prepare your minds for action, keep sober in spirit, fix your hope completely on the grace to be brought to you at the revelation of Jesus Christ. As obedient children, do not be conformed to the former lusts which were yours in your ignorance, but like the Holy One who called you, be holy yourselves also in all your behavior.”
References:
DePillis. (2016). Walmart is rolling out big changes to worker schedules this year. Washington Post. Retrieved from https://www.washingtonpost.com/news/wonk/wp/2016/02/17/walmart-is-rolling-out-big-changes-to-worker-schedules-this-year/?utm_term=.af2b5ea7d1da.
Goodman. (2015). Five ways Walmart is investing in technology. Retail Info Systems News. Retrieved from http://risnews.edgi.com/retail-news/Five-Ways-Walmart-is-investing-in-Technology103008.
Lutz. (2015). Walmart is making 3 changes so people will want to shop there. Business Insider. Retrieved from http://www.businessinsider.com/walmarts-new-strategy-2015-2.com
Peacock, M. (2013). Design better customer experiences by measuring human performance. CMS Wire. Retrieved from http:// www.cmswire.com/cms/customer-experience/design-better-customer-experiences-by-measuring-human-performance-022974.php.
Rosenblum, P. (2014). How Walmart could save it inventory problem and improve earnings. Forbes. Retrieved from https://www.forbes.com/sites/paularosenblum/2014/05/22/walmart-could-solve-its-inventory-problem-and-improve-earnings/#77d1ae25db1a.
Schwman. (2016). Walmart pay vs. apple pay: Hardware age dictates. IDG Communications, Inc. Retrieved from http://www.computerworld.com/article/3093066/retail-it/walmart-pay-vs-apple-pay-hardware-age-dictates-all.html.
Thompson, A (2017). Walmart’s HRM: Training, performance management. Panmore Institute. Retrieved from http://panmore.com/walmart-human-resources-management-training-performances-management.
