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Wal-Mart “from 5 & Dime to Payouts, Corruption, & Greed”

In: Business and Management

Submitted By shridelgado
Words 1246
Pages 5
4/25/2012 | | Wal-Mart “From 5 & Dime to Payouts, Corruption, & Greed” |

As Michael T. Duke, President and Chief Executive Officer of Wal-Mart said, “One of the most gratifying days for me during the past year was the important sales day after Thanksgiving in the United States. As I walked through one of our stores, the engineer in me loved seeing the efficiency and smoothness of how our operations executed and performed. But I loved even more hearing from customers who were going to be able to afford an enjoyable Christmas for their families. They were so thankful for Walmart, and we were so thankful for the opportunity to help them.” This statement sounds great; however, Wal-Mart’s reputation is no longer reflecting this sentiment. Recently, Wal-Mart has made worldwide news and has become the target of much criticism.
Organizations such as Wal-Mart in the 21st century face rapid changes in their business environment that have a great impact on the operations of their internal environment. The pressure from all levels to deliver outstanding products while satisfying the needs of customers, employees, government entities, and shareholders is overwhelming. Actions and attitudes toward one another or the organization as a whole has a great effect on the total organizations functioning and performance. Wal-Mart is a key player and example of a billion dollar company mired in corruption, lawsuits, and greed but still abounds as one of the most patronized corporations in the eastern and western hemispheres.
Their management procedures, processes, and patterns seem to represent compromise between traditional bureaucratic approach and the autonomous project management approach. Instead of resulting in dual authority and responsibilities with departments allocating resources to be...

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