Strategic development plan on: Wal-Mart
Business Strategy
The business strategy that is adapted by Walmart is its low cost leadership. It can also be see that Walmart do not do things that are different from the competitors they have. The nature of the service stores are also no frills service stores, but the difference is that they are targeted at giving away the lowest of all prices. Each and every step starting from the manufacture to delivery of the products is designed to create value for the customers and save their money (Carlson, 2004).
Human resource management strategy
As it can be said no store would be able to become this successful without the cooperation of the employees. One of the major credits that are given to Walmart is that there has been no unionisation in the workforce for the past few years. Some of the major human resource management activities are recruiting fresher’s from universities. On the other side it can also be said that human resource management are highly concentrated on increasing employee advancement strategies. One of the main strategies that are taken by the employees to take care of the employees is growth in terms of position. It can be seen that most of the managers who are managing the organisation now has been recruited as cashiers and turned into managers over the years. They fan out almost 80 college campuses for increasing the rate of recruitment. There is also an expansion is the demographical nature of the employees who are recruited by the human resource management team. Walmart brings people from different places, background and races to work together. The the difference inters of diversity is attracts more people to seek employment with the organisation. The success of this strategy that is adapted by Walmart is very well reflected in the case of the retention that they have managed in the firm. They have also taken steps to ensure that the students are trained from the college and thus they are very well enhanced at the time of theory recruitment.
These are many reports that even suggests that Walmart is careless in the case of the employees and do not pay much for them. But majority of the employees have been reported to be saying that they wish to stay with Walmart because of the carious benefits that are allowed for them to especially take care of their families (Carlson, 2004).
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