Walmart is the worlds larges... free essay sample

Walmart is the worlds largest organization by income, and the largest private organization on the planet with 2.3 million associates. It is a but publicly traded company, however very much still a family business, as the organization is controlled by the Walton family. Sam Waltons beneficiaries claim more than 50 percent of Walmart through their holding organization, Walton Enterprises. Walmart was the largest U.S. retailer in 2017, and 62.3 percent of Walmarts US$478.614 billion deals originated from U.S. activities.The Walmart essentiality as a business, was created from Sam Waltons objectives for extraordinary customer service. Walmarts history is attached to Sam Walton himself, thus a lot of Walmarts future are established in Mr. Sams values.Sam Walton was born in 1918 in Kingfisher, Oklahoma. In 1942, at 24 years old, he enlisted in the military, as most of young men did at that time. He married Helen Robson in 1943. We will write a custom essay sample on Walmart is the worlds larges or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page After his release from military duty, Sam and Helen moved to Iowa and afterward to Newport, Arkansas. And it was during this period, that Sam gained much of his experience, by working in retail business.In 1945, Sam Walton purchased a branch of the Ben Franklin stores from the Butler Brothers. His idea was pitching items at low costs to get higher-volume deals at a lower overall revenue. He encountered some financial issues in the very beginning as the lease of the building and the purchase of the branch were abnormally high, yet he ingeniously, was able to find suppliers that were cheaper than the suppliers used by the other stores, bringing his overall merchandise costs down. Sales grew 45% in his first year, to US$105,000 in income, which then expanded to $140,000 the following year and $175,000 the year after that. By the 5th year, the store was bringing $250,000 in revenue. As soon as his lease was up, Walton opened another store in Bentonville, naming it Waltons Five and Dime. That store is presently the Walmart Museum.The first Walmart was opened for business on July 2, 1962, in Rogers, Arkansas. Within its first five years, the company expanded to 24 stores across Arkansas and reached US$12.6 million in sales. In 1968, Sam opened his first store outside of Arkansas, expanding the business in Oklahoma.In 1969, Wal-Mart, Inc became incorporated, and WalMart Stores, Inc was founded. In 1970, the organization opened a distribution center in Bentonville, and with 38 stores operating, 1500 employees and sales upwards $40 million, was listed on the New York Stock Exchange with shares valued $47 and began to trade publiclyIn the 1980s, Walmart kept on evolving, and by the organizations 25th commemoration in 1987, there were 1,198 stores with offers of $15.9 billion and 200,000 associates. This year also marked the fulfillment of the organizations satellite system, a $24 million venture connecting every single working unit with the Bentonville office by means of two-way voice and information transmission and one-way video correspondence. At the time, the company was the largest private satellite network, allowing the corporate office to track inventory and sales and to instantly communicate to stores. In 1988, Walton stepped down as CEO and was succeeded by David Glass, yet he stayed as Chairman of the Board.Fast forwarding to the late 1990s and early 2000s Walmar t went international, opening stores in Argentina and Brazil in 1995, and Europe in 1999. In 2005, Walmart reported US$312. 4 billion in sales, it operated in 6,200 facilities around the world, including 3,800 stores in the United States and 2,800 elsewhere, employing more than 1.6 million associates.Today each week, nearly 270 million customers shop at Walmart, which is constituted by more than 11,700 stores under 65 banners in 28 countries and eCommerce websites. With fiscal year 2018 revenue of $500.3 billion, Walmart employs approximately 2.3 million associates worldwide.

The Way essays

The Way essays Tao means the way. It is basically indefinable. It has to be experienced. It refers to a power, which envelops, surrounds and flows through all things, living and non-living. The Tao regulates natural processes and nourishes balance in the Universe. It embodies the harmony of opposite, in other words there would be no love without hate, no light without dark, no male without female. According to the Tao Te Ching, it is the first principle of the universe, the all-embracing reality from which everything else arises. The Tao cannot be defined in words and is not an idea or concept. Chuang-tzu said, It may be attained but not seen. Its presence is everywhere, not as a spiritual being, but as the basic stuff which all things have been issued. It gives life to all living beings and maintains them with no likes or dislikes. The back of our textbook puts it best: Accept what is in front of you without wanting the situation to be other than it is. Study the natural order of things and work with it rather than against it, for to try to change what is only sets up resistance. Nature provides everything without requiring payment or thanks, and also provides for all without discrimination. In other words: Simply be. Classical Taoist philosophy, formulated by Lao Tsu, the anonymous editor of the Tao Te Ching, and Chuang-tzu, was a reinterpretation and development of an ancient nameless tradition of nature worship and divination. Lao Tsu and Chuang-tzu, living at a time of social disorder and great religious skepticism, developed the notion of the Tao as the origin of all creation and the force, unknowable in its essence but observable in its manifestations, that lies behind the functionings and changes of the natural world. They saw in Tao and nature the basis of a spiritual approach to living. This, they believed, was the answer to the burning issue of the day: what is the basis of a stable, unified, and e ...

Business Assignment 6 Essay Example | Topics and Well Written Essays - 750 words

Business Assignment 6 - Essay Example Teams are formed with organizations to address specific issues, challenges, or problems. Members of a team should therefore be individuals who are aware of the problems or the needs of the group and are as well willing to contribute in finding the solution as well as making the situation better than it already is. If an organization has a financial crisis, for instance, accountants, economists, financial analysts and others who understand the organization’s financial trends should form the core of the team. Knowledgeable people enhance understanding of the team and hence smooth meetings (Dyer & Dyer, 2013). The most important aspect of a team meeting should be what the members are supposed to discuss in those meetings, the agenda. Agenda setting is the second step for team meeting management. With an agenda well set, team meetings are half on course of delivering their mandates. Team meetings should have agendas that are specific, measurable, attainable, realistic and time bound to deliver instantly (Dyer & Dyer, 2013). A team should comprise of individuals who are ready to work both for themselves and for the other members of the team. Team members, therefore should bear tasks and responsibilities that aid in the accomplishment of the objectives of the team (Kayser, 2011). Not all the activities of the team can be left to specific individuals, but each team member should at least contribute to those activities. Either, communications and contributions in meetings should allow for the participation of at least the interest of every member. In the formulation of the agenda for any committee meeting, time should be a factor worth a critical consideration. Too long meetings or too short meetings barely deliver amicable solutions to organizations. In addition, the best times for meetings are when the members are fresh in mind and ready to contribute. Time management contributes to the quality of the meeting

Marketing plan for Nike (running shoes) Coursework

Marketing plan for Nike (running shoes) - Coursework Example Since the inception of Nike Company, the firm has been able to expand its market base to different parts of the world. Despite the increasing levels of globalization which results from liberalization of markets, efficient flow of information, and integration of economies, the firm has been able to maintain its strong competitive base. This is through the use of audio, visual, and print media in order to reach its target customers (Lamb, Hair, & McDaniel, 2012). Nike competitive advantage in the market are based on its strong goals which are to carry out on its legacy of innovative thinking whether is through developing products that will help athletes reach their potential or even to create a business opportunity that provide values to its shareholders. The company has an objective of helping the athletes unleash their potential irrespective of their background. Moreover, the firm focuses on improving the lives of less fortunate through participating in corporate social responsibility. Nike has been able to improve its competitive advantage through diversifying its markets. For instance, the company has positioned its running shoes strategically in the Europe and American markets (Lamb, 2012). This provides the company with a reliable source of revenue, an aspect that has enabled it to create a barrier of entry to other interested investors. Nike’s corporate strategy focuses on innovation and research. Over the years, the company has invested heavily on innovating new products through intensive research. This has enabled the firm to come up with innovative running shoes that helps in eliminating injuries and enhancing the comfort of the athletes. In addition, the strategy focuses on expanding the operations of the business in different parts of the world. Over the years, the firm has expanded to different markets across the world. This has reduced the risks and uncertainties associated with concentrating on a single market. The company’s business strategy

Subsidizing Distribution of Free

Subsidizing Distribution of Free Anti-Virus Software Essay In today’s technologically dependent society, organizations can run a high risk of infection from computer viruses. Due to this, it is necessary, as the CIO of the organization, to explore the need for distribution of free anti-virus software to home users on the network. As such, many organizations are faced with technical problems resulting from network security. An analysis of these security problems, to include an exploration of the role of the various IT users within the corporation, will reveal the need for distribution of free anti-virus software. According to Vamosi (2004), â€Å"millions of PCs worldwide still do not have basic antivirus protection, and thus are susceptible to infection†. For Vamosi, the problem for many corporations lies within the fact that the computers within the corporation lack protection from virus attack and, as a result, would benefit from the instillation of free antivirus software. There are many potential issues that can affect the network security of an organization. Specifically, there is a dire need for organizations to implement security plans and to install antivirus software on their network computers. As Vamosi describes, the problems associated with computer viruses could simply be solved if security organizations offered the programs free of charge. â€Å"Let the antivirus companies corporate clients pay for the software and the annual signature-file subscriptions, and let the home users download both for free† (Vamosi, 2004). As such, it is essential to give further discussion into the role of the various users in the IT process, to include the roles of top management/non-IT management, IT professionals, and end-users in maintaining network security in order to determine the overall effectiveness of providing the home users with free anti-virus software. The core to the IT team includes the IT Management staff. The IT management staff, traditionally, will pair with non-IT management to make executive decisions. More specifically, the Chief Information Officer is the IT manager responsible for â€Å"the day to day operations of an IT Department and the work of any contracted IT employees† (Watkins, 2008). It is important to mention that it will be this group of corporate employees that looks closely at the corporate budget in order to determine if the distribution of free anti-virus software to home users is a fiscally sound decision. Supporting the IT management team are the IT professionals. These individuals â€Å"are trained to handle a wide variety of development, support, and administrative tasks related to keeping information systems operating efficiently and being used effectively† (Watkins, 2008). The IT staff members will handle the day to day issues associated with installing the antivirus software as well as troubleshooting issues that arise with the network itself. Providing the free anti-virus software will certainly provide assurance for this employee group that the network is safe and secure for home use. The end-users in the corporation must also be considered in determining whether or not it is effective to install and distribute free anti-virus software on home use computers. In general, the end-users are those individuals who will work on computers within their home. As Watkins (2008) describes, â€Å"End-users typically have four types of issues, hardware-specific problems, operating-system specific problems, application-specific problems, and network/Internet specific problems. † In discussing the role of end users in this scenario, it is important to mention that end users also have different levels of skills. End-users â€Å"often lack is training in specific applications and in advanced Internet searching. They may also may be unaware of good security practices and often need help solving unexpected hardware and software problems† (Watkins, 2008). The core problem with security, as has been observed by many professionals in the IT field, was, at one time, that of viruses. That is, the viruses would load computers with adware and bring the PC to a halt. And, as InfoWorld describes, many of the problems and issues resulting from viruses and other technical problems are the result of issues arising from within the organization itself. â€Å"The threat posed by their own employees isn’t lost on security pros, 56 percent of whom rated workers who fail to follow security policy as a significant security challenge† (2006). Based on the above, it is then necessary to take into consideration the variety in perspective in regards to computer virus attack held by users in the IT system. According to Gaudin, â€Å"slightly more than 50 percent of end users surveyed say spam is not a problem in their workplace. However, 79. 1 percent of IT managers say it is a problem in the workplace. † At the same time, â€Å"when end users were asked if they think spam is under control at their company, 8. 4 percent say its out of control; 23. 3 percent say its barely under control, and 68 percent say it is under control. â€Å" This statistic can be compared to the results of IT administrators asked the same question. According to the survey results, â€Å"10 percent say its out of control; 33 percent say its barely out of control, and 56 percent say they have it under control† (2004). It is necessary to determine, then, the specific role that corporate home users play in the receipt of free antivirus software. In order to best secure the organization and protect the home users from potential attacks, it is necessary to develop a strategic plan of action that will protect home users accessing the corporate network. A plan of action, to include the distribution of free anti-virus software is essential, â€Å"as predatory as today’s criminally minded hackers are, IT professionals face plenty of threats from within their own enterprises — none more glaring than their own lack of a comprehensive plan for security† (InfoWorld, 2006). As the literature reveals, it is highly recommended that the corporation provide home users with free antivirus software. Doing this will enable the organization to more effectively secure the network while protecting corporate security from virus and other outside attack. References Gaudin, S. (2004). IT and End Users Differ on Spam Severity, Retrieved May 7, 2009 from: http://www. enterpriseitplanet. com/security/news/article. php/3370591 InfoWorld (2006). IT’s Confidence Crisis. Retrieved August 18, 2007 from http://www. infoworld. com/article/06/10/30/44FEsecsurvey_1. html Vamosi, R. (2004). Antivirus software must be free. Heres why, Retrieved August 18, 2007 from: http://reviews-zdnet. com. com/4520-7297-5123825. html Watkins, P. (2008). Module 03 Background Information. Retrieved May 15, 2009 from E:\modules\module03\background. htm.

Essay --

St. Augustine considers his mother as a crucial factor in his conversion to Catholicism. However through the analysis of his Confessions it leads me to believe that St. Augustine’s mother was not a decisive figure. Monica was in the background keeping him in thought and prayer however Augustine’s watershed moments came as a result of his own examination of readings as well as his conversations with his friends and mentors. Therefore I argue that Monica had delayed Augustine’s baptism and it was his own experiences that allowed him to come to God. Baptizing a baby at birth was this was a common practice during the time when Augustine was born. And Monica had decided to keep Augustine from being baptized. Monica’s reasoning is really just an unnecessary precaution. Whether or not your sins are wiped away now or later as long as you go to confession you are forgiven of your sins regardless. More importantly this precaution keeps Augustine from strengthening his relationship with God early on because it had kept him from truly being responsible for his actions and had stunted his involvement in the Church. In the first chapter alone he states â€Å"I was already a believer, as were my mother and all the household, with the exception of my father.†1 He was already a steady believer in God and was ready to be baptized however he was kept from it and was influenced by the other people as they said â€Å"Let him be, let him do as he likes, he is not baptized yet.† Without the proper reinforcement and teaching he progressively strayed away from his beliefs and eventually lost himself in sin. This leads to one the most important incidents in Augustine’s childhood. Augustine spends more time lamenting on the time he had stolen the pears than he does ... ...e so it may be fabrication or mayhap truly be Godly intervention Augustine had opened up to a passage that had told him to discard his lust for flesh and put on Jesus Christ. This was the last sign that he needed and Augustine converts immediately. Throughout Augustine’s Confession he describes his journey of coming to Christ. He is constantly thanking his mother and giving much credit to her. Many of his developments are not due to any of Monica’s doing. He had always kept her in his thoughts and that is probably why he feels that she was influential. However he was most influenced by his friends, preachers, and even perhaps divine intervention. Without these revelations he could possibly have strayed away from Christianity or even religion completely. Therefore I conclude that although subtly influential, Monica was not an integral part of Augustine’s conversion.

Honesty in Negotiation

Furthermore, author accepts the complexity of exception and discusses different situation where deception can be accepted. For instance, he mentions concealment or failure to reveal as a form of acceptable behavior in some situation that involves negotiation. To my opinion, failure to reveal is not acceptable in the situation when something very important is strategically hidden from opposite side, which can completely change the direction of negotiation.Further author discusses other unacceptable forms of influences that are broadly used in bargaining, but proofed by multiple research groups to influence human reception and decision-making skills National Center for Biotechnology Information unacceptable and shouldn't be used in negotiation. In addition, scarcity, as a form of influence where final decision is affected by impression about the scarcity of the resource, should also be prohibited in negotiation. I believe practice of such forms of influences should be considered manipu lations and unacceptable in bargaining.The only time when such forms of influence can be acceptable is when they happen naturally, and not planned in advance as part of negotiating strategy. In addition, people should know in advance and be aware of the presence of natural forms of influences, so they can base their decisions accordingly and independently from those influences. As a result, the main point is the importance of making people aware of any forms of influence to demonstrate your respect of their right to know the most accurate information so they can make the most ethically responsible decisions as they can.In other words, treat people the way you want to be treated. For instance, if people are made aware of incomplete information prior to agitation, then it can help them make more rational and informed decisions. Furthermore, author discusses deception about reservation prices, where deception can be more acceptable in some situations. For instance, most of the time bef ore the negation people have firm idea of what result they expect. However, during negotiation process people can change their mind, or can be persuaded into changing their mind.In fact, experienced negotiators can estimate many different directions the negotiation can take, and base their negotiation behavior and actions accordingly. For instance, experienced used car salesman can change the mind of the beer who is trying to negotiate the price down by explaining all great option car has, including low mileage, clear past accident report, great maintenance report. The car salesman genuinely believe into the value and quality of the product he is trying to sell, and at the same time he is trying to convince the customer that the vehicle is priced right.As a result, the customer is convinced and agrees to buy the car for the listed price. I think this form of influence is acceptable and ethical, because salesman uses his expertise and knowledge in negotiation to convince the customer to buy the vehicle. As buyer got more information about the car of his interest, he became aware of new considerations about the value of the vehicle, and as a result he has changed his mind. I believe such form of influence is normal part of negotiation process. A common type of deception, according to the author, is vagueness or ambiguity during the negotiations.In fact, such techniques are commonly used for indirect communication, where negotiators have limited trust for one another. According to author, these techniques are used for self-protection, where negotiators are not completely open, but not for the purposes of confusion or selfish gains. I believe in situation like this, it is acceptable to use vagueness or ambiguity during negotiations, and I wouldn't classify it as an actual deception. However, it would be the exclusion from the rule, rather than a rule. Most of the times vagueness or ambiguity is used to mislead or confuse the negotiator.In addition, author discusse s further that trust is very important, and if there is no trust, then it is unfair to risk everything for the interest or moral rights of others. Author also puts special emphasis on the importance of fairness. Author explains that since negotiation takes place in the untrustworthy environment, fairness plays key role in building that trust ground, so both parties can further involve and participate in the equally honest negotiation. I believe honesty helps to build trust and is the most important part of an effective negotiation.