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OL 655 Final Project

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OL 655 Final Project

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OL 655

Running Head: WALMART WORKFORCE PLAN 1




Final Project: Walmart Workforce Plan

Joseph Napiorkowski

OL-655 Talent Development & Workforce Planning

Southern New Hampshire University

10/07/2019

,WALMART WORKFORCE PLAN 2


Milestone Final: Walmart Workforce Plan

I. Introduction

Sharks swim in a vast ocean filled with many opportunities to travel and target an

uncountable amount of fish to survive. Sharks must also continue to swim to service. The

swimming keeps the vital oxygen flowing through their gills that keeps them alive. In the vast

world of retail, the business’ in this realm is like sharks. Continually moving and following the

opportunities to survive because they know, like the shark, if they stop advancing, they will

slowly die. Unlike the shark, businesses can internally reflect and study their gaps to help

improve this necessary movement. They create departments and committees to evaluate and

implement changes that move forward the body of the business. One of these departments is

Human resource. This depart studies gaps in the employee workforce. HR helps develop plans

and implement training and opportunity for the company to swim forward, following this

opportunity. One of these companies is Walmart Inc. Walmart is currently thrusting forward

attacking gaps such as technological opportunity advancement.

Walmart is a for-profit private organization that was established by Mr. Sam Walton. Walmart

was founded on July 2, 1962, which means the company has been around for 57 years. Mr.

Walton established this company with the goal of selling retail goods at the lowest possible price

which brought about the phrase Every day Low Prices. The company was first built in a small

town of Rogers, Arkansas, but today can be found all over the world. In just a few short years of

being established, the company went from this one store to over 24 retail stores. Walmart began

to grow so large that it broke up into three successful segments called Walmart international,

Walmart Inc, and Sam’s Club. They have been on the list of Fortune Global 500 for many years

and is one of the biggest corporations in the world.

, WALMART WORKFORCE PLAN 3


Walmart has a very good strategy to maintain a competitive advantage by bringing in the

lowest prices in their market and use penetration pricing. This type of strategy allows them to

take in the newest goods on the market and bring them in at the lowest prices in the retail realm.

This is what brings consumers into the door, and once they are there to buy the great goods, that

are undervalued, they more than average grab other items. This is the process in which getting

the consumer into the door and being convenient for the consumer in its mass volume of retail

goods, plays very well in their favor. This strategy has helped Walmart to reach the pinnacle of

retail success, “The multinational company has developed into the largest retailer in the world,

generating revenues of over 510 billion U.S. dollars in its most recent fiscal year” (Statista,

2019).

Walmart uses many tactics in the achievement of their success strategies that lead to this feat.

The company offers the largest single company selection of retail goods. This makes it extremely

convenient for any consumer to walk into a store and find almost any goods that they are looking

for. Walmart offers an array of photo services to include in-store labs and online creative

software for purchasing pictures. They have a convenient and successful pharmacy department

that even allows consumers to get their prescriptions without entering the store. Sticking with the

successful trends, Walmart carries a full wireless service of the most popular phone carriers in

the nation. This allows consumers to compare services and see phones and products of different

wireless phone carriers all in one place. One last giant offering is Walmart’s financial services

which include credit cards, debit cards, bill payment, money transfers, check cashing and check

printing. Walmart offers a store credit card without an annual fee (Washington, 2019).

Walmart’s overall strategic goal is to help people save money so they can live better. They do

this by keeping a winning plan of market growth and innovation that helps both the consumer

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