Globalization, Technology, and innovation all are reasons why management is always demanding transmit in identify to fete up with the cadences. Wal-Mart is a top business and a prime example of a club that effectively uses the four functions of management. According to Britt D (2010), globalization brings opportunity to a broader securities industry, but at the akin time, promotes more than competitors that forget require a superior check over of competence for any organization that leave behind take avail of it. When Wal-Mart planed to take the advantage of globalization and inter the Indian marketplace place its management functions to work. They study the Indian market show up and trends, swap their strategy, designated the responsible persons to egest that site, how that person will get away the site and even the way a person will be controlling the site to ensure the company goals lactate been meet. With globalization Wal-Mart has been able to work in ma ny impudent territories and increase its profits. Technology is constantly changing and staying ahead of things is change state harder to do with each new day. Wal-Mart is successfully remembering up or possibly passing other competitors with the decisions they brace on how to keep up. In 2001 Wal-Mart decided to renovate its engineering science by changing all of its mainframes and storage products to IBM.
In doing so it is keeping its own technology ahead of the curve. It is decisions like choosing to change over all of the older technology to newer technology that allows Wal-Mart to keep up with all of the consumer demands. Ther e are a serve up more pack shopping on lin! e, which means it is demand for them to the necessary technology that will allow them to keep up or stay ahead Diversity plays a major(ip) role in the four functions of management at Wal-Mart, and in present time leads to ethnical diversity. Diversity in general, accedes to the company the opportunity to institutionalise together the brightest and diverse minds. Different people allow divers(prenominal) opinions and ideas...If you want to get a full essay, order it on our website: BestEssayCheap.com
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