Question

Please guys i would really appreciate if you help me out of this asap. Thank you.
1. Discuss how walmart directs and influences their employees to work hard and achieve their goals
2. Discuss what is walmart doing to meet their financial goals
3.How does Walmart motivate their employees to achieve their financial goals

Answer 1

1.Walmart direct and influences their employees to work hard and achieve their goal by making them feel like the partners of the company so that they will put in more effort in order to get the work done. Employees are referred to as associate in Walmart, which means they are partner of the CEO ie. Sam Walton. And there is no boss culture in Walmart but all are the partners of the company.

2. Walmarts initiative to achieve its financial goals
Walmart is consistently striving to make the customer experiences Better by providing low prices. It follows vendor managed inventory system where supplier is responsible to manage the inventory. The supply chain system is made more efficient so as to reduce the waste due to time delay during transportation of products. Walmart Merchandise replenishment cycle is not more than 48 hours such efficient processes has helped to reduce operating cost, increase throughput, reduced inventory level and elimination of unnecessary inventory storage cost of the product.

3. Walmart motivate its employees by giving them more challenging work. Walmart also advocated a term called 'cross-pollination' where managers from different department switch role in order to stay challenged. Employees are also rewarded by money, gift and recognition, healthcare benefit and financial benefit is also provided, healthcare insurance is available for them at very low cost and employees can also buy Walmart stop at discounted price.