Organizational Change Final Assignment Example | Topics and Well Written Essays - 2000 words

Organizational Change Final - Assignment Example Apart from the increase in salaries, workers are motivated by various factors such as increased commission, training, freedom to join trade unions, training, gifts, holidays, promotion and increased responsibilities among other factors. On their part, the management team should ensure that employees are involved in the decision making process and that a proper management style is adopted. For example, employees should be provided with a chance to provide feedback on the various issues affecting their organization. In this way, they feel as part and parcel of the entity thus taking every measure to safeguard the image of the company. One of the notable global companies that have been successful in meeting the needs of its consumers at the local and international market is Walmart Stores Incorporation. Walmart Incorporation, a US based firm with over two million employees has not only maintained a strong brand but also it has created a stiff competition in the retail industry. This pap er discusses the strategies that Walmart Company needs to emulate in order to bring change and bring about a transformation in the organization. Company Overview With its headquarters based in Bentonville US, Walmart Company was established in 1962 by Sam Walton. The company started to trade its shares in the New York Stock Exchange in 1972 thus making it to generate significant amount of capital that it used in its expansion strategies. Based on the effective leadership of Robson Walton and Doug McMillon, the chairman and the president respectively, the company has established more than 8,500 stores in 15 countries thus making it to effectively face off it competitors including Tesco and Target Companies. Due to its strong brand image and strong promotional and advertisement strategies, Walmart has continued to enjoy high sales and sustainable profitability. For example, in 2013, it generated total revenue of US$ 469.162 billion while its total net income stood at US$ 16.999Â  bil lion. Similarly, the company total assets in 2013 stood at US$ 203.105Â  billion while the operating income was US$ 27.801Â  billion. Walmart Stores US, the biggest division makes a significant contribution on the company sales. This is based on the establishment of wide range of products that meets high demand as the result of the US high population as well as quality brands that meets the needs of its customers. The three notable outlets that make up Walmart Stores US include Supercentres, Walmart market and Discount Stores (Lichtenstein, 2009). One of the key strategies that have made Walmart to attain a competitive position in the market is its focus of attracting large number of customers from various regions by introducing brands that matches with their cultural background. For example, in its effort to attract the Hispanic communities, the company established the Supermercado de Walmart in 2009 that offers wide range of food products among other brands that are highly deman ded by the community. As a result, the company has maintained a strong positive relationship with the consumers an aspect that has made it to continue enjoying high sales and profits (Sandra and Scott, 1997). Other operating divisions for the company include Vudu, Walmart international, Sam’