Organization Paper

In: Business and Management

Submitted By bogiefan54
Words 1094
Pages 5
Organization Paper
MGT/330

Organization Paper
The management function in an organization is usually related to effort, authority, and responsibilities of the management of that firm. Management motivates the employees within these organizations to work within a team environment. Management must organize the employees into teams that will accomplish the goals set by the organization. The development of an organization depends on having knowledge of the task and the right amount of human resources, assets, and monetary allowances. With over 7,000 stores around the country Wal-Mart is a major force in the retail industry. This includes Sam’s Club, Wal-Mart supercenters and warehouses in Canada and Mexico. Including both net sales and income increases from its operating stores, Wal-Mart is the world’s largest retailer. Among their primary products and service lines are their Electronics, Pharmacies, Appliances, and Gasoline sales (Hoovers, 2008).
Physical Assets
Wal-Mart includes physical assets within its organization that are developed in such a way that calls for them to utilize efficient methods in order to manage these assets. Such factors of its environment are quite evident in one example; its retail prices. This is important because if Wal-Mart was less efficient in managing its physical assets, more money would have to be spent, and profits, as a result of the lack in maximizing profits, would decrease, allowing its competitors to drive it out of the market. However, as we all know, this is not the case with Wal-Mart. The various consumer goods that it provides are usually priced low as to drive other businesses out and to keep its customers happy with its commonly advertised signs of bargain "roll-backs". Whatever Wal-Mart does seems to influence other businesses and the economy as well. Its main competitors seem to be Costco and Target.…...

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