Overview of Walmart Company
Walmart is the most popular organisation which was established by Sam Walton in 1962. Sam Walton has a design slogan “We save people funds so that they could live better lives”. It is a Multinational organisation which has its headquarter in Bentonville. Walmart has a chain of hypermarkets, grocery stores and departmental stores. All these stores have personal Sam club warehouses. Till now there are approx. 11000 stores operating in more than 27 nations under different names. Walmart has functional organisational structure where president of company has power to make key decisions.
Some of the products which an organisation offers are pharmacy, food products, cell phones, groceries items etc. An enterprise is also constructing its gasoline stations at locations where their stores are located.
Walmart Organisational Structure
At present, Dough McMillian is a president and CEO of the organisation. In Walmart, only the president and CEO have authority to make important business decisions. Walmart has formal and bureaucratic organisational structure.
Walmart Organisational structure has been categorized into 3 important divisions like Real State, logistics, Store operations etc. Each department in an organisation has different managers and leaders. In simple words, Walmart has functional organisational structure. There is a high level of chain of command between different functional units within a firm. The CEO of Walmart has an important position; they always put all their efforts for improving the quality of customer services. CEO for improving the quality of products and services mainly emphasizes on providing training to employees. All the business strategy of Walmart is designed considering the principles of Sam Walton. According to the business strategies of Walmart, managers are responsible for maintaining good relationships with clients. John Furner is a CEO of Walmart who is mainly responsible for administration of all business operations. The president and CEO of Walmart that is Judith Mc Kenna, is accountable for management of stores outside national boundaries.
Kathryn McLay who is President and CEO of the third division in organisational structure , i.e. Sam’s club’s main responsibility is to maintain warehouses at different locations. In simple words, he is responsible for timely delivery and supply of products.
Hierarchy Analysis of Walmart
Walmart is following a hierarchical organisational structure in an enterprise where the CEO of Walmart stores have power to make crucial business decisions. The Walmart has functional based organisational structure. There is a vertical chain of command over the organisational structure. Every department in Walmart has managers or leaders who supervise their subordinates. They are also accountable for controlling the performance of their subordinates. In the context of Walmart, juniors’ employees need to follow the judgement or decision taken by managers or their leaders. Employees working at lower levels in Walmart Organisational structure are also categorized as per the functions which they are performing.
In relation to Walmart, managers in an organisation have an important role to play in effective operations of business. The main disadvantage of Functional organisational structure is that it is not flexible. Another major drawback is that it involves lengthy decision making procedures which may lead to delay in decision making process.
In Walmart Organisational hierarchy, stirs managers are the principal members under whom there are general managers and co-managers at the second level. Support managers, customer’s services supervisors, cashiers at stores, sales assistance etc. works at Third level of Walmart Organizational structure. Approx. 2.2 million people are working at Walmart stores at different locations. Walmart has 10 board members who assist the CEO in making business decisions.
Different companies follow different organizational structures. It is basically an organizational structure which helps companies in eliminating barriers. Through Good business structures firms can easily achieve success. You in order to become a business leader need the best assistance.
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