Walmart Save the Day - Management of-change-presentation
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The document discusses the history and operations of Walmart, highlighting its founding by Sam Walton in 1962, its growth into the world's largest retailer, and its core mission of providing low prices. It includes a SWOT analysis of Walmart, emphasizing strengths such as cost leadership and supply chain efficiency, while noting weaknesses like cultural adaptability and over-dependence on bulk sales. The document also addresses Walmart's disaster response during Hurricane Katrina and suggests that companies should implement disaster planning exercises to enhance corporate social responsibility.
Walmart Save the Day - Management of-change-presentation
- 1. សាកលវិទ្យាល័យភូមិន្ទន្ីតិសាស្រ្ត ន្ិងវិទ្យាសាស្រ្តស្ដ្ឋកិច្ច MANAGEMENT OF CHANGE MINI CASE 5.2 GROUP 10: PROFESSOR: ១. ម៉ុន្ ដាវីន្ សោក ្៉ុក ច្័ន្ទរិទ្យធី ២. មូលស្ម ច្មវីរៈ ៣. ្ំបូន្ី Disaster Planning: How Wal-Mart Saved the Day
- 3. CONTENT 1. INTRODUCTION TO WAL-MART. 2. HISTORY OF WAL-MART. 3. BUSINESS DESCRIPTION & COMPETITORS. 4. VISION, MISSION & VALUES. 5. KEY SUCCESS FACTORS. 6. SWOT ANALYSIS. 7. DISCUSSION QUESTION & ANSWERS
- 4. INTRODUCTION TO WAL-MART • AN AMERICAN PUBLIC CORPORATION THAT RUN A CHAIN OF LARGE DISCOUNT DEPARTMENT STORES & WAREHOUSE STORES. • WORLD’S LARGEST PUBLIC CORPORATION BY REVENUE. • LARGEST PRIVATE EMPLOYER IN THE WORLD. • FOURTH LARGEST UTILITY OR COMMERCIAL EMPLOYER. • LARGEST GROCERY RETAILER IN THE UNITED STATE (20%). • LARGEST TOY SELLER IN THE UNITED STATE (22%). • WORLD’S BIGGEST RETAILER.
- 5. WAL-MART AT A GLANCE • FOUNDED: ARKANSAS, USA (1962) BY SAM WALTON. • HEADQUARTERS: BENTONVILLE, ARKANSAS, USA.
- 6. WAL-MART AT A GLANCE • PRODUCTS: DISCOUNT STORES, SUPER CENTERS, NEIGHBORHOOD MARKETS.
- 7. WAL-MART AT A GLANCE • SLOGANS: THE LOWEST PRICES. GUARANTEED! SAVE MONEY, LIVE BETTER WE SELL FOR LESS EVERYDAY!
- 8. COMPANY OVERVIEW • FOUNDED BY SAM WALTON IN 1962. • INCORPORATED ON OCTOBER 31, 1969. • PUBLICLY TRADED ON THE NEW YORK STOCK EXCHANGE IN 1972. • WAL-MART OPERATE RETAIL STORES IN VARIOUS FORMATS ACROSS THE WORLD.
- 10. HISTORY OF WAL-MART o 1918: BORN IN A FARMER’S FAMILY IN KINGFISHER, OKLAHOMA. o 1940: GRADUATED FROM THE UNIVERSITY MISSOURI. o 1950: GIVE UP JOB AND OPENED HIS FIRST STORE IN ARKANSAS. o 1962: WALTEN BROTHER OPENED FIST WALMART IN ARKANSAS.
- 11. HISTORY OF WAL-MART o 1970: WALMART BECAME PUBLIC. o 1990: 1ST NATIONAL RETAILER. o 1991: INTERNATIONAL EXPANSION.
- 12. HISTORY OF WAL-MART o 1993: CREATION OF “GREAT VALUE”. o 2003: LARGEST CORPORATION IN THE WORLD. o 2012: 50TH ANNIVERSARY.
- 14. COMPETITORS
- 15. COMPETITORS
- 16. COMPETITORS
- 17. VISION “ TO BE THE BEST RETAILER IN THE HEARTS AND MINDS OF CONSUMERS AND EMPLOYEES. ”
- 18. MISSION “ SAVING PEOPLE MONEY SO THEY CAN LIVE BETTER. ”
- 19. SLOGAN SAVE MONEY. LIVE BETTER
- 20. VALUE OF WALMART Integrity Opportunity Family and Community Purpose Responsibility
- 21. KEY SUCCESS FACTORS Economies Scales Supply Chain with Integrated Technology Superior Logistics Systems Decentralized Operation Every Day Low Prices
- 22. SWOT ANALYSIS STRENGHTS Deal with Suppliers – Cost Leadership Efficient Supply Chain Strategic Location/Facilities at Stores Strong IT backup New Technology Implementation WEAKNESSES Unable to adapt to different cultures/countries. Ex: Germany Heavily dependent on ‘bulk sales Late entrants No success beyond Americas OPPORTUNITIES New Economies – India/China/Brazil Rising disposable incomes New channels-Marketing/Internet based models Joint Venture with some leading players THREATS Restriction on FDI. Ex: India International law against dumping Regional competitors Law against ‘Monopoly’- Anti thrust policies
- 23. DISCUSSION QUESTIONS 1. BASED ON WHAT YOU HAVE LEARNED IN THIS CHAPTER, WHAT DID WAL-MART DO THAT MANY OTHER FIRMS AND GOVERNMENT OFFICIALS DID NOT DO TO DEAL EFFECTIVELY WITH THE HURRICANE? EXPLAIN YOUR ANSWER. 2. HOW SHOULD CORPORATE PLANNERS HANDLE SITUATIONS SUCH AS KATRINA BEFORE THEY ACTUALLY OCCUR? EXPLAIN YOUR ANSWER. 3. ANOTHER COMPANY THAT WAS PRAISED FOR ITS WORK IN THE AFTERMATH OF KATRINA WAS FEDERAL EXPRESS. IT HAS A POLICY CALLED “FLEXIBILITY PLANNING.” LONG BEFORE KATRINA, FEXEX CONDUCTED DISASTER DRILLS SEVERAL TIMES A YEAR-FOR EVERYTHING FROM BIG EARTHQUAKES TO BIOTERRORISM TO A MONSTER TYPHOON HITTING THE COMPANY’S HUB IN THE PHILIPPINES. DO YOU THINK MOST COMPANIES SHOULD ENGAGE IN THIS SORT OF PLANNING EXERCISE? WHY OR WHY NOT? EXPLAIN YOUR ANSWER.
- 24. ANSWERS 1.BASED ON WHAT I HAVE LEARNT IN THIS CHAPTER, THE WAL- MART HAD DONE MANY THINGS THAT MANY COMPANIES AS WELL AS GOVERNMENT OFFICIAL DID NOT DO AS FOLLOWING: HAULING $3 MILLION OF SUPPLIES TO RAVAGED ZONE OF KATRINA. ARRIVING DAY BEFORE FEMA. CONTRIBUTED $17 MILLION TO RELIEF EFFORT. BEGAN 6 DAYS RESPONSE TO KATRINA BEFORE THE EVENT.
- 25. ANSWERS CONT. 2. CORPORATE PLANNERS SHOULD HANDLE SITUATIONS SUCH AS KATRINA BEFORE THEY ACTUALLY TAKE PLACE THROUGH; A CLEAR AMOUNT OF FUND NEED TO BE REGULAR APPROVED FOR ITS SOCIAL RESPONSIBILITY IN EMERGENT EVENT. ONE MORE THE COMPANY’S EMPLOYEE SHOULD GET TRAINED WITH NATURAL PHENOMENA ESPECIALLY THE EARTHQUAKE OR SUCH A GREAT STORM LIKE KATRINA. MOREOVER AN IN-TIME ACTION MUST BE EFFECTIVELY TAKEN IN ORDER TO DEAL WITH THE REAL DISASTER.
- 26. ANSWERS CONT. 3. I THINK THAT MOST COMPANIES SHOULD ENGAGE IN THE ABOVE-MENTIONED SORT OF PLANNING BECAUSE THAT CAN BE A BIG AND CLEAR IMAGE OF CORPORATE SOCIAL RESPONSIBILITY OF THE COMPANY WITH RESPONSE TO THE EMERGENT DISASTER. ONE MORE, IT WOULD PROMOTE THE POSITIVE ATTITUDE OF THE FIRM IN CARING THE SOCIETY NEEDS. FURTHER MORE SUCH AN ACTIVITY WOULD BE COME A GREAT PROMOTION TO THE PUBLICS, THAT MUST BE THE BENEFIT OF THE COMPANY ITSELF.