Abstract
In this scenario, there will be a discussion on Wal-Mart and K-Mart since they are both a retail marketer. We will be taking a look at as well as analyses will be done on both the store. I do not have a job in an organization right now. My family seems to think that I am there free baby sitter as well as their free housekeeper. In the mean time I will use one of my old jobs in which it was Wal-Mart as well as for the other one in the same market we will use K-Mart. Both of them are discounted retail markets.
Legal Environment Both the companies would like to expand globally as well as they would like to increase in different business segments. External environments will help both the companies to shape their structure as well as improving their operations work. However, it is very important for them to recognize the legal environment from the country that they would like to start their operation. Wal-Mart is an organizational effectiveness for their goals of organizations that they are competing in the changing landscape of the global business (Thomson, G., 1999-2013). Their productivity keeps up a firmly financially, the security of human capital of the business is equally vital to make sure of competitiveness. Wal-Mart has the effective strategic leaders and that they are those with capabilities to drive the transformations of the firm into new and profitable models. There are firms such as Wal-Mart that are able to transform from good companies to great companies. Wal-Mart has good leaders that demonstrate to be capable individuals, controlling team members, competent managers, effective leaders, as well as humble executives. For K-Mart they had originally opened up with the name as S.S. Keggs and nothing costs more than ten cents but then the company had steadily expanded (Encyclopaedia Britannica, 2013). K-Mart had then built their first K-Mart in Detroit. K-Mart had expanded so much that now they have K-Mart, Big K-Mart and Super K-Mart throughout the United States, Puerto, and Guam (Encyclopaedia Britannic, 2013). Wal-Mart has promotion policy that they will give out employee promoting 25,000 at several stores within the United States (Velasco, A., 2013). Wal-Mart is the nation’s biggest privet employer with 1.3 million workers payrolls. Wal-Mart has increased their minimum wages as well as improving their working conditions (Velasco, A., 2013). This has targeted other store such as McDonalds. Wal-Mart also has said that their associates want a good job and a better life.
K-Marts promotion policy is under Sears Holdings policy since they have collided. K-Mart/Sears Holdings has a policy that tells you what kind of information that they collect from you, what information of yours that they will share and with who they share it with, how they handle personally identifiable information that is collect from children, and Interest-based Ads, as well as other information for their web-site. Wal-Mart strategy is that they great their customers as they walk into Wal-Mart and then they great the customer as they go out the door. Their journey for productivity, quality along with speed has a consequence in management tools as well as their techniques, total quality management benchmarking, time based competition, outsourcing, partnering, reengineering, change management (Thomson., G). In any kind of an organization, the strategy management is like a key for it to achieve. There are several theories that based on the assumption that if there is no strategy and plan, then it is going to be difficult for any industry to survive irrespective of its size (Thomas., G). K-Mart had tried to out beat Wal-Mart so they did as Wal-Mart and put out circular weekly ads. This was to try to beat Wal-Mart at their own low-cost game. The circulars made 10% of K-Marts operating expenses sales, Target only had 2% and Wal-Mart had 1%. Wal-Mart is still continuously using the approach in sustain their