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Human Resource Strategies

In: Business and Management

Submitted By mastershadow
Words 1079
Pages 5
The company chosen for this assignment is Walmart. Walmart's history is one of innovation, leadership and success. Walmart was founded by Sam Walton in 1962, it was incorporated on October 31, 1969, and listed on the New York Stock Exchange in 1972. It started with a single store in Rogers, Arkansas in 1962 and has grown to what is now the world's largest and arguably, the most emulated retailer. Some researchers refer to Walmart as the industry trendsetter. Today, this retailing pioneer has annual revenues of over $100 billion, 3,000 stores and more than 750,000 employees worldwide. (source: walmart.blogspot.com)

Adding value

The enhancement a company gives its product or service before offering the product to customers. Value added is used to describe instances where a firm takes a product that may be considered a homogeneous product, with few differences (if any) from that of a competitor, and provides potential customers with a feature or add-on that gives it a greater sense of value. A value add can either increase the product's price or value. For example, offering one year of free support on a new computer would be a value-added feature. Additionally, individuals can bring value add to services that they perform, such as bringing advanced financial modeling skills to a position in which the hiring manager may not have foreseen the need for such skills. (source:www.investopedia.com)

Based on my research, it can be concluded that the human resource management of Walmart has majorly contributed to the success of the company by adding value to their daily operations. Further on this conclusion will be explained in-depth with the facts and evidence.

First and foremost, let us take a look at some of the essential skills of human resource management and how they relate to add value to the success of Walmart.

Planning

Planning is a basic...

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