Wal-Mart Corporation is an American multinational retailer that operates large warehouse stores and large discount departmental stores in America and several European countries. This essay would utilize Wal-Mart as the best managed company in the United States of America. According to the Forbes Global 2000, Wal-Mart is ranked the 18th among the best performing companies in the global arena. It is the best corporation globally when ranked in terms of revenue generation and management. Wal-Mart Corporation would be used as the best managed Company in the United States because of the stability with which it operates. The company has the best communication channels that provide for coordination between the different departments. Managers have a chance to listen to the various needs of customers through the existing communication channels. Moreover, Wal-Mart is the best-managed company because of its continued growth over the years. It does not experience industrial actions such as strikes because employees are catered for according to their needs. All the aforementioned aspects make Wal-Mart the best-managed Company in the US. Thus, this essay explicates the various aspects relating to Wal-Mart as the best managed Company in the US.
Wal-Mart Corporation is a large retailing company in the US. It engages in retails activities involving various products and services. This means that the company engages directly with its consumers in different activities. According to Roberts & Berg (2012), individual consumers are given a chance to buy the various products through the various retail products offered in several areas of operation. Therefore, the company runs various large warehouses and large discount departmental stores in the US and several European countries. Its key divisions include Sam’s Club, Wal-Mart International, and Wal-Mart Stores US.
The Company deals with myriad brands of products. The mainstream brands include Sam’s choice, Great Value, Equate, Ol’ Roy, Special Kitty, Mainstays, White stag, Parents’ Choice, Dr. Thunder, and George. Sam’s Choice is a retail brand in selected hard goods and food. It is offered according to the prevailing market prices. Chan (2011) points out that Great value brands are not produced by the company but are bought from outside. This means that they can be sold at cheaper prices compared to those prevailing in the market. It has been expanded to include items such as strawberry yoghurt and crust pizza. Ol’ Roy is a brand for dog food; it is the largest dog-selling brand compared to those offered by competing companies like Target. Equate brand involves a variety of products such as health items, beauty items, pharmaceutical equipment, over the counter medication, and shaving creams. Mainstays brand is a vital brand that includes furniture and bedding. Special Kitty is a store brand that deals with cat food. Wal-Mart has a larger seller specialized on cat food compared to other companies. Lastly, the company offers Parents’ Choice brand that deals with baby products such as diapers, accessories, and foods.
One of the key managers of Wal-Mart stores is Michael Terry Duke, who is the Chief Executive Officer and the President of Wal-Mart He is 61 years old and has been the Chief Executive Officer and President of the Company since 2009. Charles M. Holley Jr. is another key manager, who is the Chief Financial Officer and the Vice President of Wal-Mart Inc. He has had a significant experience in the financial matters at Wal-Mart, ensuring that financial issues are effectively dealt with in a transparent manner. Another key manager of the company is Del Sloneker, who is the Chief Operating Officer of Wal-Mart China Investment Company. Sloneker has served the company as a Senior Vice-President since 2011 and has effectively managed the operations of the company through efficient management in the various positions held.
Neil M. Ashe is the Chief Executive Officer of C-net Inc. He held several positions at the company, such as the position of the Chief Executive Officer and the President of the Global E-Commerce Business at Wal-Mart. This has given him the experience to run the activities of the company, hence making it the best-managed company in the US. Ms. Shelley G. Broader runs Wal-Mart Canada Corporation as the Chief Executive Officer and the President. Lastly, Mr. S. Robson Walton J.D. is a key manager dealing with Advisory roles at the company. The quality advice he gives to the company has ensured that Wal-Mart operates at the best levels. These professionals greatly contribute to the best performance the company is experiencing in the US and in the other countries where it operates.
The business at Wal-Mart has been growing over the years. The quality management offered has been instrumental in the continued growth of the business. Since its incorporation in 1969, Wal-Mart has made tremendous steps in its growth. It was listed in the New York State Exchange in 1970. Daft (2011) asserts that Wal-Mart grew gradually extending into mainstream states across the United States of America. The company has grown extensively in its sales and the number of employees. Wal-Mart’s profit margins have been gradually growing from 3.34% in 2009 to 3.54% in 2010, and 3.91% in 2011. The growth in profitability margins has enabled the company expand its operations to wider areas. This has enabled it to be recognized as an international Company operating in other world countries. In addition, the company has been growing in its returns on investment. For instance, it has seen growth from 20.26% in 2010 to 23.91% in 2011; this is indicative of its growth and increased profitability. The company has made enormous profits that have been increasing over the years; thus, indicating its growth. The net profit figures have increased from 100,389 (US $ in millions) in 2010 to 103,665(US $ in millions) in 2011. The sales have tremendously grown from 405,046(US $ in millions) in 2010 to 418,952(US $ in millions) in 2011. The increase in sales is an indicator of the increased growth of the company. Lastly, the company has grown through its expansion measures to other countries across the globe.
Wal-Mart Corporation has developed various new brands of products with the objective of increasing its profitability. The new product brands introduced at the company include Groceries, which deal with various fruits and vegetable. According to Roberts & Berg (2012), the company has also introduced the World Table brand that entails foods inspired by international cuisines. The introduction of new brands has been instrumental in contributing to increased profitability and expansion of the company, as it has enable the company to serve customers with diverse needs under one roof. The customers of Mal-Mart are given the best services; therefore, it is not surprising that according to the estimations, over 100 million US citizens visit Wal-Mart store located in the US per year.
Wal-Mart has also been exploring new markets and has expanded its business both in the US and in other countries. In the US, the company has expanded its marketability into new states such as Alabama, Center Point, Home Wood, Louisiana, and Mississippi. In addition, it has expanded its markets into other countries such as Chile, China, and Canada. These large markets and market expansion have boosted the Company’s profit motives, making it generate adequate profits that are able to cater for the various existing needs. In fact, it has opened up more stores such as Supermercado, which was opened in 2009 in Puerto Rico and in Mexico; and Wal-Mart Neighborhood stores were opened in the various states across the US. The continued opening up of stores has increased the company’s popularity, hence increasing consumer confidence.
Various reasons make Wal-Mart one of the best managed companies in the US and across the globe. Wal-Mart is among the best-managed companies because of its continued growth. The company has experienced tremendous levels of growth due to the quality management that is offered at different levels. It is only through quality management that a company would be in a better position to grow and expand. Furthermore, Wal-Mart is one of the best-managed companies because of the absence of industrial actions such as strikes. This means that there is effective management that is able to listen to the various needs of employees. The efficient communication channels that exist within the organization also facilitate this. Daft (2011) asserts that the company is among the best managed ones because of the large profit and sales that are experienced. The organization is efficiently managed, which promotes better marketability of the products. The large number of customers visiting the company each year is an indication that the company has the best management. Quality management facilitates the provision of better services and products, hence promoting customer loyalty.
In conclusion, Wal-Mart is an American retail corporation running various large departmental and warehouse stores in US and several other countries. It is one of the best-managed companies in the US and has tremendously grown over the years. It has the quality management that ensures it continues with efforts of growth towards the best profit margins. Wal-Mart Corporation is expanding into other countries as it seeks to expand its markets and remain a significant figure in the market. It trades at the New York Foreign Exchange; thus, making it a public corporation that is able to provide quality services to consumers. The high numbers of professional managers serving in various capacities have also contributed to the best management at the company.