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Wal-Mart differentiates its business by offering the lowest prices. Offering the lowest prices is Wal-Mart’s _________.
Functional strategy
Competitive advantage
Distinctive competence
Corporate strategy
Human resource managers also consider how Walmart’s corporate culture and organizational structure, recruitment and selection, retention and training, performance management, compensation, and career development contribute to the productivity of the firm’s workers. Effectiveness in addressing HR needs affects the company’s performance and growth potential.
Walmart’s strategies must support the continuing development of its workforce and related managerial practices. Walmart’s human resource managers optimize the business and its workforce, effectively addressing issues and criticisms. As the company faces challenges in the competitive landscape (see Porter’s Five Forces Analysis of Walmart Inc.), human resource development can increase business resilience, especially in supporting growth against firms like Amazon (Read: Porter’s Five Forces Analysis of Amazon.com Inc.). Factors like reduced turnover and high employee morale can boost Walmart’s performance amid changes in the retail industry environment.
By: Barka Mirza ProfileResourcesReport error
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