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Business Process Management Essay Example

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Business Process Management

Indeed, Wal-Mart can spread its global market by expanding its support process to strengthen the control aspect, improve the firm’s working incentive of its employees as the continuous improvement, and restructure its public affairs strategy (HMCO, 2014). Wal-Mart's public affairs procedure must ensure that the execution of the company’s objectives happens. The company's public affairs strategy empowers the organization to move into different divisions of the marketplace and venture into global markets too. Through public affairs plan, politicians can play a major role in role in publicizing and marketing the company. Wal-Mart management team needs to elaborate reasons behind the company's restrictions to unionization. Also, the public affairs plan should address the negative sentiments harbored by some individuals who feel that Wal-Mart is infringing very much into other retail businesses than it should. Such concerns must be tended to if the company needs to succeed in branding its name. In order to stay on top of Fortune 500, Wal-Mart needs to actualize these proposals.Wal-Mart began with a solitary store in Rogers, Arkansas, in 1962. Indeed, through many struggles and interventions, the company has developed extensively. Apparently, Wal-Mart plays a big role in the world economy by being the biggest and the most influential retailer in the world. These days, Wal-Mart has turned into the business trailblazer and the "retail business pioneer". The company attains income surpassing $100 billion consistently, with more than 3,000 stores and 750,000 representatives across the world. Every Wal-Mart store works from its inventory, apply business philosophy and utilize advanced equipment to speed up the production process. Instead of utilizing frequent product forecasting and brand promotions, the company could lower the price of its products. Wal-Mart used budgetary policies to redesign a new inventory and a satellite supply chain system. In this case, products were availed to customers faster and at a cheaper cost.

Bibliography

Alliance, U. (2014). Wal-Mart: Keys to Successful Supply Chain Management. University of San Francisco. Retrieved February 25, 2015, at http://www.usanfranonline.com/resources/supply-chain-management/walmart-keys-to-successful-supply-chain-management/#.VOqtvfnF-Qw

Alyea, J. (2012, Feb 11). Analyzing Wal-Mart's Distribution and Logistics System. BlogSpot. Retrieved February 25, 2015, at http://jimmyalyea.blogspot.com/2012/02/analyzing-wal-marts-distribution-and.html

Aterraemmarte. (2014). Wal-Mart History, Strategy & Corporate Overview. Retrieved February 25, 2015, at http://aterraemmarte.com/sample/walmart-history-strategy-and-corporate-overview/

Danielmillsap. (2014). Wal-Mart Global Supply Chain Management. Daniel Millsap. Retrieved February 25, 2015, at http://www.danielmillsap.com/research/rfid-in-wal-mart-global-supply-chain-management.html

HMCO. (2014)Strategic Leadership: Managing the Strategy-Making Process for Competitive Advantage. Ch1. College HMCO. Retrieved February 25, 2015, at http://college.hmco.com/instructors/catalog/walkthroughs/pdf/0618641629_ch01.pdf

Lu, C. (2014, May 8). Incredibly successful supply chain management: how does Wal-Mart do it? Tradegecko. Retrieved February 25, 2015, at http://www.tradegecko.com/blog/incredibly-successful-supply-chain-management-walmart

Montgomery, A. (2011, Aug 31).How Wal-Mart Trains Managers. Labor note. Retrieved February 25, 2015, at http://labornotes.org/blogs/2011/08/how-walmart-trains-managers

"Operational Planning For Wal-Mart." 123HelpMe.com. 06 May 2015 <http://www.123HelpMe.com/view.asp?id=166671>.

Rosenblum, P. (2014, May 22). How Wal-Mart Could Solve Its Inventory Problem and Improve Earnings. Forbes. Retrieved February 25, 2015, at http://www.forbes.com/sites/paularosenblum/2014/05/22/walmart-could-solve-its-inventory-problem-and-improve-earnings/

preview essay on Business Process Management
  • Pages: 13 (250 words)
  • Document Type: Research Paper
  • Subject: Management
  • Level: Masters
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