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Operational Management SLP 3 (Wal-Mart)
Cardsmax
How product design is applied in decision-making of that organization?
As in many corporations product design plays an integral part in the decision making process. Mitchell (2005), confirms that the staying power of Wal-Mart is evident through the product design and their decision making process. The big manufacturers with powerful brands were in charge in the marketplace, and retailers played along. About the only decision retailers had to make was whether to stock a manufacturer's product. If consumers wanted it, stores carried it. This led to the rise of Wal-Mart and other big-box retailers, which turned the power relationship on its head. Suddenly, manufacturers had to play by the retailers' rules. As consumers were increasingly drawn by the stores' low prices rather than the manufacturers' brand names, these retailers built enough market shares to start making demands of their suppliers: about prices, marketing, and even product design and production methods. Manufacturers responded in various...
Some just played along, by cutting costs to shore up margins in the face of ever-lower retail prices. Others sought to avoid the big boxes by focusing more on selling to businesses other than retailers.
Can you describe a product Life Cycle in the organization?
Sissell (2009), explains that the way that Wal-Mart tends to deal with the question of the product life cycle is rather direct. Wal-Mart says it will develop a worldwide sustainable product index as a "single source of data" for evaluating the sustainability of products. Customers increasingly want information "about the entire lifecycle of a product so they can feel good about buying it. They want to know that the materials in the product are safe. That it was made well and that it was produced in a responsible way," says Wal-Mart president and CEO Mike Duke. "We do not see this as a trend that will fade."The company says it will help create a consortium to develop a global database of information on the lifecycle of products from raw materials to…
References
Anonymous. (n.d). Wal-Mart Joins WWF's Global Forest & Trade Network. Business Wire, Retrieved from EBSCOhost.
Mitchell, D (2005). "Manufacturers Try to Thrive on the Wal-Mart Workout." New York Times 20 Feb. 2005: BU3. Gale Opposing Viewpoints In Context. Retrieved from EBSCOhost.
Sissell, K. (2009). Wal-Mart Unveils Sustainable Product Index. Chemical Week, 171(19), 11. Retrieved from EBSCOhost.
Wal-Mart's SWOT Analysis and Generic Business-Level Strategy Walmart's SWOT Analysis Wal-Mart's SWOT Analysis and Generic Business-Level Strategy Wal-Mart's SWOT Analysis and Generic Business-Level Strategy Wal-Mart Wal-Mart is the world's leading corporation in the retail industry. It operates in 27 countries of the world with 69 well-recognized brands. With this huge scale of operations and vast business network, Wal-Mart serves a large number of customers with numerous product categories in its retail stores, departmental stores, and
Wal-Mart: Financial Statement Analysis WAL-MART FINANCIAL STATEMENT ANALYSIS Company Description Wal-Mart Stores Inc. (WMT) is a world largest grocery chain and retail stores. The company operates 8000 stores across three business segments which include apparel, groceries, electronics and small appliances. While the company operates globally, half of the company stores are located in the United States. To complete in the international markets, Wal-Mart also operates its business through subsidiaries in Canada, Argentina, China,
Wal-Mart is the name that is well-known to all the households these days because it has established itself as the largest retailer the world over. The sales of Wal-Mart are growing with every passing day as the sales totaled up to more than $280 billion, according to the reports published in 2004. However, it should be noted Wal-Mart did not appear on the international with more than 4500 stores in
Wal-Mart Porters Wal-Mart Strategic Management Wal-Mart mission is based on the model that by simply saving people money so they can live better. The philosophy and overall business strategy was developed based on a simple idea created by founder Sam Walton: offer shoppers lower prices than they can get anywhere else. This strategy has been the basis of an incredible history and growth record for the company. This strategy still guides the
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Wal-Mart and Employee Rights Labor cost is always considered as the main issue, mostly in case of employees' unionization at Wal-Mart. This was noticed when Wal-Mart showed a remarkable earning at the rate of 44% per annum for its labor working on hourly basis. Another point which brought this issue ahead was when the sales clerk of Wal-Mart in 2001 earned wages below Federal Poverty Scale. According to an issue of