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Essay / Research Paper Abstract
A 5 page paper. There are four management functions identified for all managers. This paper focuses on the organization function as it is implemented at Wal-Mart. Categories include: physical assets, monetary, human resources, knowledge and technology. Bibliography lists 9 sources.
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5 pages (~225 words per page)
File: ME12_PGorgwlm.rtf
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methods listed below. Citation styles constantly change, and these examples may not contain the most recent updates.?? ORGANIZING FUNCTION AT WAL-MART
, November 2010 properly! Introduction to Management Functions Henri Fayol in 1916, was the first
to identify the functions of management. He identified five: "planning, organizing, commanding, coordinating, and controlling" (Barnett, 2010). These have evolved over the years and were reduced to four primary functions
in management, which are planning, organizing, leading and controlling (Erven, 2005). The list describes the managers functions in all organizations. This essay discusses the organizing function and uses Wal-Mart
as the example company. The organization function is about making all the necessary preparations to implement plans. It is about who is going to do what and when they will
do it, who reports to whom, who directs and overseas which department, project, team, etc. and what resources will be allocated to those tasks. The organization function also establishes the
organizational structure for the company as well as "the purpose of an organizational structure is to help in creating an environment for human performance" (Olum, 2004). Physical Assets
Wal-Mart is the largest retailer in the world. In fact, Wal-Mart is larger than the aggregate total of its three largest competitors. It is highly competitive and has adopted a
niche competitive practice of low price. Wal-Mart has 8,400 stores, 800 of which are discount stores, 3,100 Super Centers stores that carry both groceries and everything else, 595 Sams Club
warehouses (Hoovers, 2010). It has been very successful in its international expansions and is now the #1 retailer in Mexico and Canada with strong operations in Asia, Europe and South
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