Wal-mart, Inc Essay Example | Topics and Well Written Essays - 500 words

Wal-mart, Inc - Essay Example lton, the founder of Walmart had created a unique culture at Walmart by involving all the employees of Walmart, including those belonging to the managerial as well as non managerial positions. Mr. Sam Walton once said that individuals do not win, but teams do. Therefore if someone is working for Walmart then Sam Walton is a partner not the boss. Mr. Walton used the unique organizational culture to gain long term competitive advantage. The whole idea or concept behind the incorporation of such an organizational culture is to do things the Walmart way. Probably that is the reason people working at Walmart calls it a ‘cult-like’ atmosphere. One of the key ingredients to do business the Walmart way is to treat employees as business partners. Mr. Walmart believes in the value of creating employee partnership. It was believed that an employee has the ability to be business leader if provided the right platform. The best way to do so is to let the employees take major decisions (Wilton, 2010, p.292). The employees at Walmart are not ‘employees’; rather they are ‘associates’ encourages acting as entrepreneurs. In order to take employee empowerment process Mr. Walton even introduced the concept of profit sharing. In Walmart there are no HR division, there exists people division as Mr. Walton understood the importance of employee and manager interaction. Another key aspect of Walmart employee empowerment is controlling expenses. According to Mr. Walton, employees should manage company expenses just like the personal expenses. Therefore by sharing the profit and loss, the employees truly understand the strong relation between profitability of the company and the potential to receive some percentage of profit sharing. That is not all. Add to the innovative concept of profit sharing Mr. Walton wanted to add something extra to motivate the employees. It was once said by him that money and ownership may not be enough to motivate people. It was believed that the