Free Essay

Organisational Planning

In: Business and Management

Submitted By qlgraves
Words 705
Pages 3
The fortune 500 company I chose was Wal-Mart Stores Inc. Sam Walton opened the first Wal-Mart store in Rogers, Arkansas on July 2, 1962. The company officially incorporated as Wal-Mart Stores, Inc. in 1967. Sam Walton’s created Wal-Mart with the idea of achieving higher sales volumes by keeping sales prices lower than his competitors by reducing his profit margin. Their mission statement is closely related, “We save people money so they can live better”. This idea has made Wal-Mart flourish into one of the biggest retails stores there is. In this paper I will focus on ways Wal-Mart is trying to not just improve their business but their environment as well.
One of the goals that Wal-Mart has is to be supplied 100 percent by renewable energy. They are using a strategic plan to achieve this goal. At Wal-Mart’s Global Sustainability Milestone Meeting, the company committed to achieving the following by Dec. 31, 2020: Drive the production or procurement of 7 billion kWh of renewable energy globally every year, a percent increase over 2010 levels and reduce the kWh/sq. ft. energy intensity required to power Wal-Mart’s buildings globally by 20 percent compared to 2010 levels. Duke, M. (2013, April 15).
Wal-Mart plans to do this by installing solar power on at least 1,000 rooftops and distributions by 2020. They also plan to increase LED usage in sales floor lighting, parking lots and other applications. The company will continue to develop projects in wind, fuel cells and other technologies. Duke said at the meeting, “These new commitments will make us a stronger business, and they’re great for our communities and the environment” Duke, M. (2013, April 15). This is how Wal-Mart is concerned with their stakeholders because Wal-Mart’s community is one of these biggest stakeholders.
With this renewable energy project it is expected to be equal to eliminating the need for roughly two fossil fuel power plants. The president also said they also will avoid 9 million metric tons of greenhouse gas emissions by 2020. “Finding cleaner and more affordable energy is important to our everyday low cost business model and that makes it important to our customers’ pocketbooks. Our leadership in this area is something our customers can feel good about because the result is a cleaner environment. And savings we can pass on to them” Duke, M. (2013, April 15). This shows how Wal-Mart takes care of their customers and make sure every decision is cost effective.
Wal-Mart also has a great distribution and transportation systems to keep products moving to the stores 24 hours a day. Their distribution operation is one of the largest in the world. Wal-Mart logistics has a fleet of 6,500 tractors, 55,000 trailers and more than 7,000 drivers. They are able to move goods to and from distribution centers because they have private fleet of trucks and truck drivers. Their private fleet’s mission is “to provide safe, efficient, reliable, and courteous pick-up and delivery of merchandise from suppliers to Distribution Centers to our stores” (Walmart Corporate - Walmart Logistics). Wal-Mart’s operational plan, using their distribution and transportation systems are great for handling goods. They also have a good relationship with their suppliers making them better to do business with.
Wal-Mart is a great company that was built off of a purpose. Their mission statement saying, “We save people money so they can live better” is a fantastic mission to live by. This is why Wal-Mart continues to be the biggest retail store ranking number one on the fortune 500 list. They focus on their stakeholders by setting goals and accomplishing them with strategic and operational planning. As you see they have factors that help them improve not just their business but their environment.
References

Duke, M. (2013, April 15). Walmart Corporate - Walmart Announces New Commitments to Dramatically Increase Energy Efficiency and Renewables. Retrieved February 3, 2014, from http://news.walmart.com/news-archive/2013/04/15/walmart-announces-new-commitments-to-dramatically-increase-energy-efficiency-renewables
Walmart Corporate - Walmart Logistics. (n.d.). Retrieved February 3, 2014, from http://corporate.walmart.com/our-story/our-business/logistics

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