Because of that, a 5 month long strike had happened. And also, another factors which slows Wal-mart down is the company’s growing legal and labour compliance issue. Wal-mart has been facing many law suit and majority are from it’s employees. With these ongoing issues, Wal-mart should have done their parts to solve internally and should try to think of alternative solution to solve internal issue and also external issue like entering new market. It is believed that these issues will affect the decision of their sales as customers might think that badly about Wal-mart.
Does it clearly answer the question: What do we want to become? Yes The Vision statement stated what the company wants to become basically on all aspects such as in terms of image, customer and employee relations. However, the measurability of the Company’s Vision is not incorporated within the statement. Is it concise enough yet inspirational and motivating? Yes The Vision statement is generally concise enough since it uses fewer words and the different components were expressed in phrases.
Walmart’s mission statement is Saving people money so they can live better. This statement is synonymous to the company’s slogan, Save money, Live better. The firm follows and succeeds in fulfilling the saving people money component of the mission statement. Consumers save money through Walmart’s low selling prices. However, it is not yet clear if the company satisfies the live better component of the mission statement.
The culture of the organization believes that the retailer can help people by saving money which will improve theory quality of life. The major four values of the company includes service to its customers, respect for every individual, achieving excellence and action which aims to maintain integrity. Wal-Mart is focusing on enhancing its business value
It defines who you are and how you will live.” (Mission Statements., 2017). Some examples of well thought out mission statements are “ To spread the power of optimism", “Build the best product, cause no unnecessary harm, use business to inspire and implement solutions to the environmental crisis. ", and “ Question Assumptions. Think Deeply. Iterate as a Lifestyle.
3.0 One of the most serious allegations of unfair treatment reported by some Wal-Mart employees is that of being asked to work off the clock. This means that employees are pressured to do overtime work for which they do not get paid. Employees are classified into two categories in which they get paid. They are salaried employees and hourly employees. Hourly employees are also known as non-exempt employees and they don’t have a contract.
Vision, Mission Statement "Price Leadership Drives Global Performance" is the Wal-Mart visualization statement. The management of Wal-Mart emphasises on price leadership in every market since pricing strategy is the direct approach to reach performance and attract customers. In order to implement price leadership, they stated "Save Money, Live Better", which remains as relevant now as it was in 1962 by Sam Walton. The mission is that everybody is able to purchase products in Wal-Mart because the stores offers low price products to them. On the other hand, with affection to internal customers, employees and management should reduce cost, and achieve economies of scale, as well as help people who need
In my research of Wal-Mart unethical behavior have lead me to believe their pass action was illegal. After time Wal-Mart unethical behavior eventually caught up with them. They violated the law civic rights for sex discrimination, falsifying employment time cards, forcing them to clock out, while still on the clock and not paying them for those hours and bribery are all illegal activity that they could get away with for a long period of time. Even though the company only must pay out money for those lawsuits, I surprise that know went to jail for their unethical behaviors. I feel that if the Wal-Mart upper-management followed the code of conduct that they set forth in their organization mission, vision and values, they will would have never cross the line in unethical behavior.
(2×3=6) A personal mission statement a short description of what someone wants to achieve, focus or become in the future, giving purpose to their life. Sources A and B would both be considered mission statements as its stating what both Mahatma Ghandi and Ben Franklin want to achieve and what they live by. Ghandi has started each statement with ‘I shall’ making it his personal mission statement and help him become who he is and Franklin has listed his values and explained it showing