Management at a CompanyDeborah Ann PerryProfessor: Michelle RossModern Management MGT: 500November 19, 2018 The two (2) key changes in Wal-Mart Company’s management style are Wal-Mart stores and Wal-Mart International. John Menzer, president and CEO of Wal-Mart International, and Mike Duke, president and CEO of Wal-Mart Stores, U.S.A. have been promoted to Vice Chairman Position within the company. https://corporate.
walmart.com/_news-archive/2005/09/30/wal-mart-announces-ma… John Menzer responsibility for major functions in U.S.
A. business, and Mike Duke will be taking over leadership of Wal-Mart International, one of the company’s fastest-growing division. Wal-Mart president and CEO Lee Scott, talk about how this shift in responsibilities for John Menzer and Mike Duke would benefit both the U.S. and International businesses. https://corporate.walmart.
com/news-archive/2005/09/30/wal-mart-announces-ma…John Menzer talks about continue to change in the largest segment of our business, in the last six years John has transformed Wal-Mart International into a well- organized, fast-growing and profitable business and establish a solid track record as a business strategist who delivers results.https://corporate.walmart.com/news-archive/2005/09/30wal-mart-announces-ma.
.. In January 20, 2012, Wal-Mart Senior Management’s role in preparing the organization for most recent announced a number of changes across the business, drawing on a deep bench of internal talent. https://corporate.
.Senior Management Rosalind G. Brewer, age 49 is promoted to president and CEO of Sam’s Club, she was responsible for more than $100 billion in annual revenue, representing almost 1,600 stores and more than 500, 000 associates and she the first chairperson of the Walmart President’s council of Global Women Leaders.
Walmart talks about how Rosalind Brewer came with an outstanding background in consumer package goods more than five years ago and how she has developed into a talented merchant and retailer, she has a strong strategic, analytical and operational skills and has successfully managed a large and complex business. https://corporate.walmart.com/_news_archive/investors/walmart-announces-senior..
.Wal-Mart also promoted Rollin Ford age 49 to chief administrative officer (CAO) and has responsibility include the information systems division, global sourcing, global business processes, global share services and global customer insights. https://corporate.walmart.com/_news_/news-archive/investors/walmart-announces-senior..
.Rollin Ford will be playing an important role in commitment to reduce SG;A expenses as a percentage of sales by more than 100 basis point over the next five years, his will be focus on leveraging scale, reducing expenses and increasing productivity around the world. https://corporate.walmart.com/news_/news-archive/investors/walmart-announces-senior…
Rollin Ford also help to drive process improvement and leveraging technology in past, his new broad responsibility for some of the key areas that give us the greatest opportunity and he will be enables to capitalize on his experience in our information systems, logistics and supply chain divisions, his strength in teambuilding has the ability to lead across multiple organizations.Wal-Mart talks about how they are working hard to keep the cost low so that we can pass saving on to the customers. https://corporate.walmart.com/news_/news-archive/investors/walmart-announces-senior… The transition was not as smooth as Walmart would have like it, But Walmart has spent a lot time and money make stores more convenient places to shop, and added staff to speed up checkout lines, and shelves are stock fully.
https://www.supplychain247.com/article/walmart_shuffles_leadership_new_sustainability_svp… Walmart management decision on its use of vendors and spokespersons has change in recent years, vendor’s talks about how they are weary of cost concessions to the big retailer. Walmart talk to the vendors about how things are going to change like merchants and sourcing mangers would become more deeply involved in supplier businesses, including their cost negotiations and business relationship and spending more time at their farms and factories. https://www.
In a memo issued to suppliers’ talks about the changes would help cultivate stronger strategic relationships with our valued suppliers, realize faster speech in decision making through improved communication channels, and unlock new innovation to delight our customers and this come on the heels of reports that Walmart’s replenishment department was among the areas that was affected by a round of 1,000 corporate layoffs expected to be complete. January 31, 2018 Walmart’s memo to suppliers did not include mention of job cuts but it would be redefining specific roles and responsibilities within its merchant, sourcing, and replenishment teams in coming weeks. https://www.
The one innovative idea that could have a positive impact on both the employees and customers of the company are the best leaders know that innovation must come from multiple sources, both internally and externally. When people and their different points of view and experiences converge, they create the types of innovations that individuals could not have done or found alone. https://www.forbes.com/sites/glennllopis/2014/04/07/5-ways-leaders-enable-innovation-in-their-teams/#15eb5f798c4cOpening our minds to innovation is critical to creating a workplace environment that allows people to thrive. The innovation process begins by identifying:how people want to lead and be led;the function they can best serve to add value; andThe required tools to adapt to change in positive and meaningful ways.
Innovation and workplace transformation represent two-sides of the same coin. Enable employees to adopt an “entrepreneurial mindset” to showcase their ideas and ideals and they become the foundation for organizational growth and sustainability. Allowing them to propel innovation and show initiative is the key to successful workplace revival and an opportunity to re-energize individual and organic organizational growth. https://www.forbes.
com/sites/glennllopis/2014/04/07/5-ways-leaders-enable-innovation-in-their-teams/#15eb5f798c4cThe approach I would take would be Collaborate and Discover,It’s not until you begin to trust yourself and others that real collaboration takes root. Collaboration is not just about working closely together, but also about taking leaps of faith together to discover new ways of thinking and create greater outcomes. You never know which idea will take shape into the new innovation that creates impact and influence in the marketplace whether a new process, product, packaging, piece of knowledge, etc.The ability to adapt to the changing needs of customers and market environment and how open communication channels are critical for successfully. In the past Walmart was facing the issue of customer’s satisfaction, but now Walmart has gone out of it way to welcome members of the investment community to the home office to share how we’re doing as a company and how we’ll serve our customers in the future. https://blog.
walmart.com/business/2016/how-walmartWalmart goals are to be the best place for our customers to shop- if they choose to do it in the stores, mobile devices, or a combination of these, it will be fast and easy for our customers. One of the things Walmart talks about is opening communication is a must in the company and Walmart talks about becoming more e-commerce and technology company, this will help Walmart business also. Walmart needs to inform their employees about new and up and coming project that going to take place on-line or in the stores, also need more training classes for the employees on how to take care of the customers’ needs while in the store and lot of opening communication with employees. Referenceshttps://blog.walmart.com/business/2016/how-walmarthttps://corporate.walmart.com/_news-archive/2005/09/30/wal-mart-announces-ma…https://www.forbes.com/sites/glennllopis/2014/04/07/5-ways-leaders-enable-innovation-in-their-teams/#15eb5f798c4chttps://www.supermarketnews.com/walmart/vendors-skeptical-walmart-changes-sourcinghttps://www.supplychain247.com/article/walmart_shuffles_leadership_new_sustainability_svp..