Management Theory, Practice, and Application

Organizing Paper

University of Phoenix

Management Theory, Practice, and Application

MGT-330

May 17, 2010

Organizing Paper

How a corporation organizes itself may be the most essential part in determining if their strategy will be successful (Bateman & Snell, 2009). Through organizing Wall-Mart top-level managers develop the plan laying out tasks and resources that are needed to accomplish the goal. By recognizes the value of their physical assets, monetary, human resources, and technology has made them the world largest retail store. Through organization function of management Wall-Mart combined their resources to maximize the organization full potential expanding beyond the United States boarders into a global market.

Wall-Mart continues to grow in today’s competitive world market because the company understands how to optimize their physical assets while expanding customer gratification. This is done by the corporation frequently figuring out how to be more effective and efficient in shipping and stocking their stores, working with suppliers, and serving customers. Wall-Mart goes out of their way to meet customers' needs by developing and operating stores that sell products at a very low price. Remember the commercials with Wal-Mart famous term "price rollback" giving extra value to their customers. This perception of “chopping” prices on certain products (physical assets) has increased sales even during the current economic recession beating their competitions’ prices. Walt-Mart triumph has influenced their competitors to examine their business to see how they can ameliorate the way in which they do business. The overall impact Wal-Mart’s has had on the retail market changed the way organizations’ conduct business globally, and improved buyer benefits — despite where they shop.

Wall-Mart monetary structure is based in the foundation of it principles “We save people money, so they can live better"(Wal-Mart, n.d.). Wall-Mart...