Arkansas and Wal-mart Essay

Submitted By bittothecutiepie
Words: 362
Pages: 2

This basic idea is the driver for the growth of Wal-Mart’s organisational culture. Sam Walton’s vision was to keep prices as low as possible. The margins offered by him weren’t as fast compared to the competitors but he tried to make that up in volume. Sam Walton, thrift and value for money were a religion. Undercutting the prices for competitor’s prices was an obsession that leads to never ending quest for cost economies.

Wal-Mart has their headquarters in Bentonville, Arkansas, instead of a high-priced city like New York. The building is dowdy and unexciting. They work long hour shifts starting at 6:30 a.m. and working half-days on Saturdays. The main objective of Wal-Mart is to keep retail prices low – which proved to be the successful strategy for Wal-Mart. It has been estimated that Wal-Mart saves shoppers by more than 15 percent on a usual cart of groceries.

The structure of Wal-Mart clearly defines the roles of employees and lines of authority. By following divisional structure approach Wal-Mart has .flat structure which enables to have wide span of control. Effective communication and coordination among the employees is the key for having good Superior subordinate relations. The mission statements of Wal-Mart constitute the culture of the company. The main aim of Wal-Mart is to provide product and services at lower cost than any competitor. Wal-Mart’s management structure and culture is modelled by Sam Walton’s principle and values. Walton’s focuses on the…