Question

Firstly, you are expected to furnish adequate and relevant background information of the selected organisation that will enable the marker to correctly assess the report. Important information includes, inter alia, the type of business, size, product(s) or service(s) it offers, the industry or market it serves, major competitors, history and why the organisation was chosen for the purposes of this exam.

Answer 1

Ans = so I am choosing walmart inc. which is the largest retailer in the world why I am choosing walmart because it have unique policy in labour pratices and strategic management and they are largest retailer on earth . Walmart also have unique growth strategy and innovative business strategy. So lets talk about walmart inc.

Walmart Inc. (WMT), is the largest brick-and-mortar retailer in the world. As of 2019, Walmart has roughly 11,300 store locations. However, Walmart got its start as a single discount store. Sam Walton opened the first Walmart in 1962 in Rogers, His mission statement for the first Walmart in Rogers, AR was, "The lowest prices anytime, anywhere." The concept worked. Walton and his family were the proud owners of 24 stores in five short years, achieving $12.7 million in sales. Two years later (in 1957), the company became incorporated as "Wal-Mart Stores, Inc."

But maverick entrepreneur Walton wasn't done yet. He wanted his stores in the national spotlight and, in 1970 Walton brought Walmart public with shares offered at $16.50. By 1972, Wal-Mart Stores, Inc. had 51 stores and sales had skyrocketed to $78 million. By 1980, Walmart's 51 stores increased to 276 stores and annual sales reached a benchmark of $1 billion. Moving forward, Walmart opened it's first Sam's Club – a chain of membership-only retail warehouse clubs – in Oklahoma in 1983. The first Walmart Supercenter opened in Missouri five years later (in 1988). Sevenshort years after that (in 1990), Walmart became the #1 retailer in the United States, a position it holds today, in 2018 Sam Walton died in 1992 at the age of 74 but Walmart's headquarters are still located in Bentonville, Arkansas where the entrepreneur started it all. It operates many different stores all around the world. It operates supercenters, discount stores, Sam’s’ club, and neighborhood markets. Wal-Mart operates in countries all over the world such as: Brazil, Argentina, China, Canada, Guatemala, Japan, Mexico, Costa Rica, El Salvador, Honduras, Nicaragua, United Kingdom and Puerto Rico. Wal-marts operations are subject to different laws, cultures, and customs. There are laws and regulation around the world that affects Wal-Mart each year, therefore the statement of ethics must be modified to match the changes in these laws and customs. Wal-Mart uses an organizational theory whereas the company utilizes its resources effectively increasing productivity. The company has been a leader in the category over any other company around. Wal-Mart uses a decentralized structure which leads to improved performance for the company. There are many ways that make Wal-Mart different from the other companies such as technology, innovation, and cost leadership.

Walmart offers a variety of services, including retail goods, pharmacy, financial, wireless and photo lab services.Walmart U.S. segment offers meat, produce, deli, bakery, dairy, frozen foods, floral, and dry grocery; health and beauty aids, household chemicals, paper goods, and pet supplies; electronics, toys, cameras and supplies, photo processing services, cellular phones, cellular service plan contracts, and prepaid service; fabrics and crafts, stationery and books, automotive accessories, hardware and paint, horticulture and accessories, sporting goods, outdoor entertaining, and seasonal merchandise; apparel, shoes, and jewelry; pharmacy and optical services; and home furnishings, housewares, and small appliances through discount stores, supercenters, and neighborhood markets, as well as through walmart.com. Its International segment includes various formats of retail stores and restaurants, including supermarkets, combination discount and grocery stores, supercenters, Sam’s Clubs, hypermarkets, cash-n-carry stores, department stores, and general merchandise stores. The company’s Sam’s Club segment offers merchandise, including hard goods, soft goods, and selected private-label items under the MEMBER’S MARK, BAKERS & CHEFS, and SAM’S CLUB brands through warehouse membership clubs in the United States, as well as through samsclub.com.

There are many competitors of walmart inc. some of them are as follows :  Kroger Company , Costco, Home Depot , Walgreens Boots Allianc , Amazon , Best Buy. They all are biggest rivals of walmart . As Kroger Company it is one of the largest food retailers of the world with fiscal 2016 sales of 115.3 Billion dollars. And on the other hand costco is one of the biggest retail brands of US that  operates a chain membership warehouses in US as well as some other nations including UK, Canada,Mexico, Spain, Japan and Australia. Home Depot is the largest home improvement company of the world. The brand offers a very large assortment of home improvement products as well as building material, lawn and garden products and home decor products. Amazon is the biggest brand in the world of E-commerce and it has grown very fast during the recent years. Apart from that it has also managed to grab an impressive share in the entire retail industry.