Organizational Analysis on Wal-Mart Research Paper

Organizational Analysis on Wal-Mart - Research Paper Example The prime intention of the organization of Wal-Mart is to offer best products at lowest price so as to make its customers happy and contended. It mainly targets the customers of modest incomes rates but desiring to live a better life. Due to which, the organization expanded its operation by opening numerous stores in different countries. Wal-Mart comprises of almost 11,000 stores in more than 27 countries that helped the organization to amplify its customer base and distinctiveness in the market among others (Wal-Mart, 2014). The organization of Wal-Mart always desires to offer best quality of products to its customers in order to amplify their reliability and uniqueness in the market among many other rival players. This is done, in order to save the revenue of its target customers that may amplify its brand image and reputation. Moreover, by offering the products at a competitive price, the organization of Wal-Mart desires to enhance their life style and living standard to a significant extent. By doing so, the level of dependency and switchover costs of the customers might get reduced thereby amplifying their profitability and productivity of the organization of Wal-Mart among others. However, in order to become the leader in the segment of retailing, the organization of Wal-Mart need to offer best products at an effective price. Only then, it might become successful in amplifying its dominance and position in the market among others. But in order to fulfill the mission statement of the organization in an effective way, the human resource management offer significant concentration over certain areas such as planning, staffing, human resource development, compensation, employee relations, safety, security and risk management. This means, in order to offer best products, the organization tries to satisfy all the needs and demands of its employees effectively such as presenting

Cannell Ltd Case Study Example | Topics and Well Written Essays - 750 words

Cannell Ltd - Case Study Example There is very little likelihood of profitability increasing in the near future, so either labour costs or materials costs will have to be cut back. Materials can be very hard to get at low prices, so Cannell would likely have to remain with its current suppliers. One area where Cannell could cut back is with its labour costs. But, to reduce its workforce could cause profitability to fall even further. The only way to decrease the percentage of labour costs is to increase labour productivity. This could be done in a number of different ways. One of the most common is by offering bonuses to employees who reach a certain level of output. This, in turn, encourages workers to increase their output so they can receive the benefits that Connell offers. Also, the company would benefit because input would remain the same but output would grow. If this occurred, then the company could possibly increase its profitability by reducing its prices and offering large sales. Once Connell Ltd’s profitability is high enough, the Connell Ltd can try to increase its output further by purchasing new machinery. One positive to this would be that labour costs would decrease compared to the total costs. However, if Connell Ltd is to increase labour productivity, then it will need to reduce its labour turnover of 11.4 percent. The problem with high labour turnover is that is takes new employees a while to get up to speed, and this reduces labour productivity. As long as the company is offering competitive wages and also providing employee benefits, then there is no reason to believe that this high labour turnover figure will remain high for too long. (b) The employees of any workforce are a large reason behind the success of a company. The case of Connell Ltd is no different—the manufacture of soaps, shampoos and other complimentary toiletries is a labour-intensive process. It is for this reason that the role of the employees is a huge determining factor in the success or failure of the company. I agree with the managing director in that the company should double its spending on training. A well-trained workforce can increase labour productivity and also produce goods at a faster rate. Because employees of Cannell Ltd work in teams, the collaboration among workers helps to either increase or decrease labour productivity. Training can take on many different meanings. Training about how to get along with fellow co-workers is perhaps just as important as learning new skills to perform a job. Increasing human capital can help Connell Ltd to match its larger competitors. Also, by training workers, they are more likely to enjoy their working environment because they will feel as though they are qualified to be employed by the company. One thing that Connell Ltd would have to watch out for is employees moving to a rival competitor after they have been trained by the company. Connell Ltd can help avoid this situation by (1) offering wages above the industry average; (2) Rewarding long-term employees through promotions and bonuses; and (3) only giving training appropriate to an employee’s stature in the business. As long as training costs do not get out of hand, then there is no reason why the company should