This document outlines strategies for Walmart to address high turnover rates among associates within 90 days. It proposes hiring associates with positive attitudes, effective scheduling, and thorough training. It also discusses increasing associate engagement through suggestion boxes, clear communication of goals, and customer service training. Improving the customer experience and keeping inventory organized are identified as ways to increase sales and profits. The overall goal is to save on training costs by reducing turnover while boosting engagement, sales, and profits.
Compulsory assignment for the completion of thesis course at Carleton University\'s, Sprott School of Business. This strategic management presentation, displays understanding of the chosen corporation (Walmart), as well as its industry, and strategic objectives. Lastly, this presentation offers strategic alternatives based on weakness assessed.
My classmates and I created this presentation to develop a solution to Burger King's current branding problem.
Enjoy.
Note - I can't take any credit for the design. My insanely talented friend and classmate created this in flash.
Compulsory assignment for the completion of thesis course at Carleton University\'s, Sprott School of Business. This strategic management presentation, displays understanding of the chosen corporation (Walmart), as well as its industry, and strategic objectives. Lastly, this presentation offers strategic alternatives based on weakness assessed.
My classmates and I created this presentation to develop a solution to Burger King's current branding problem.
Enjoy.
Note - I can't take any credit for the design. My insanely talented friend and classmate created this in flash.
The Toyota Way (Toyota Production System) [Operations Management]Arjun Parekh
This presentation is based on HBS (Harvard Business School) Case on Toyota Motor Manufacturing, their unique styles which differentiated them. It's the Toyota Way. TPS (Toyota Production System), Jidoka, Heijunka, JIT (Just-In-Time), Kaizen, etc. This case also represents the shortfalls of the company in implementation of these principles in American production plant.
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
(Prefer mailing. Call in emergency )
Sales levers SAM commercial reconnaissance electronic flyer July 2020richardhigham
Strategic accounts present significant opportunities but high risks. A SAM Commercial Reconnaissance will give you a clear picture about where you stand today and how you might capitalise on your SAM strengths.
The elements of the marketing plan build the course of action for a company.
To help you succeed, we have put together the key components of a successful Marketing Plan.
2. 3 Basic Beliefs
1) Respect for the individual
2) We are in business to serve the needs of the
customer
3) We strive for excellence in all we do
3. Mission Statement
Wal~Mart is a company that is full of adventures and
promotions. Although this is true, we do have
problems that are occurring across the boards. One
problem is our 90 day turn-over. This problem can be
countered by increasing associate engagement, which
can increase profit and sales.
The mission of this business plan is to increase profit
and sales by reducing factors of the business while
increasing others.
4. 90 Day Turn-Over
90 Day Turn-Over is when money is spent in training
dollars and the associate quits within those certain
amount of days. This issue costs the company millions
in training dollars.
5. 90 Day Turn-Over cont.
Goal
1) Hire quality workers
Strategy
Hire people with positive attitudes, that are self motivated
people that are willing to work, and people that work well
with others.
Build relationships with associates after hired so if they have a
problem they will exercise the Open-Door policy and feel
comfortable doing so
6. Goal
2)To have effective scheduling for associates
Strategy
To confirm with associates their availability so there will
be no problem down the road
Follow-up with associates after 60 day period to see if
updates need to be made to availability status
Have compassion for associates with changing
availability (due to child care, medical needs, and or
school) that does not harm the company
7. Goal
3) Train associates properly
Strategy
Have associates trained thoroughly with welcoming them into
the Wal-Mart family environment by assigning them to their
departments and have the department managers conduct a
meeting so the new associates will know who they are
training with and who they can come to for questions
Assign them a person(s) to shadow during their training
period that has exemplified quality work performance
Allow the option of job rotation
8. Sam Walton
“You don’t have to leave Wal-Mart
to change jobs or change careers.”
Be sure to encourage associates that they can continue their
career here at Wal-Mart further than a part-time associate
9. Associate Engagement
Associate engagement is very important to the success
of the business. The company thrives off of the
performance of our associates. There fore as the
management team we have to be sure we are doing our
parts to see that they perform the duties that are set
out.
12. Associate Engagement cont.
Goal
1) To increase associate engagement
Strategy
Place an associate suggestion box to view associate point
of view on things that need change
Communicate directly with associates to let them know
the goals of the store
Give them power to complete their work correctly
Be sure there are enough telxons for associates to use to
complete work
13. Goal
2) To engage associates in team work
Strategy
Encourage associates to offer a lending hand to someone
in need
And to ask for help when needed
Set deadlines and check list for modular for teams to
complete
15. Goal
3) To improve Customer Service skills
Strategy
Have monthly customer service work-shops for
associates
Have them to engage in the work-shop with a question &
answer session, along with scenarios similar to the
hiring interview and CBL’s
Offer cross-training so associates can help customers
and co-workers in any department
17. Increasing Profit & Sales
Wal-Mart is an excellent establishment to work and
shop at. The things that each store does inside the
establishment determine their profits or sales. Your
sales derive from the SOTC profile as well. One has to
learn to cater to the demographics of their store
location.
“The feeling our customers have when they leave our
stores determines how soon they’ll be back” -Sam
Walton
18. Increased Sales formula
Happy Associates + Happy Customers = Increased
Sales
Remember it is “Never wrong to treat people right”
Award associates for excellent job performance
19. Beating Profit and Sales Plan 1688
Plan Actual
Target Sales:
105
Target profit:
105
Sales: 100
Profit: 117
20. Increasing Profit & Sales cont.
Goal
To increase company Profit and Sales
Strategy
Cater to the demographics of your surroundings (Be a
store of the community)
Be aggressive with helping customers
Keep the back room organized
Be aware of mark –downs/roll backs
21. Goal
Guarantee that customers are satisfied by the end of
their shopping experience
Strategy
Be sure that end caps, side counters, and shelves are
stocked
Be sure that everything has a price
Be sure the store is clean and safe
Add clip strips to related areas
Be more aware of customer needs
23. Goal
To receive higher returns on our investments
Strategy
Look for seasonal items in the backroom that will sell quickly
Review sales from last year
Have coverage in the store to help assist customers quicker
Check monthly operational income statement to see where
the company stands and where cut backs need to be made
(Labor cost, Supply cost,
24. Goal
Decrease over stock
Strategy
Order the correct amount of items
Check the back room for items before reporting it in the
daily outs
Be sure correct items are on the floor
Make sure on-hands are correct
25. Goal
Control Shrink
Strategy
Have an organized and clean backroom
Scan all items in and out of the binnings
Check merchandise to be sure items are in the casings
before selling to customers
Watch for red flags that may be presented by the
vendors in the receiving areas
28. Measurement of Success
By implementing these strategies within a 30-day time
frame Wal-Mart will be able to:
save money by decreasing the amount of dollars spent
in training.
Increase associate engagement within the work place
Overall increase profit and sales