Evaluate the training programs available at your selected organization (Wal-Mart). Your project should reflect the knowledge and skills you developed throughout this course and should address a minimum of six out of the nine areas and topics listed below:
Transfer of Training
E-Learning and the Use of Technology in Training
You have had the opportunity to evaluate various aspects of your selected organization throughout this course in the form of Unit Projects. Although your Final Project will not be a simple compilation of your weekly Unit Projects, the individual projects will serve to provide you with foundational information for your Final Project.
Begin with the organization's background/introduction (1 page, double-line), for example, Wal-Mart
Sam Walton was established Wal-Mart in 1962, as a single store in Rogers, Arkansas. He purchased products from wholesalers and sold them to retailers for a profit. However, instead of keeping the profit, he decided to pass it on to his customers by selling the products at low cost and earn his profits through volume. This idea was the birth of Wal-Mart business strategy (Frank, 2006).
Wal-Mart's business strategy is embedded in the slogan is "Always Low Prices. Always." The slogan was the focus of Wal-Mart's business strategy - keeping the prices low to accommodate customers who were living on a budget. The team strategized three specific FOCUS: 1) Providing lots of low cost products, 2) Catering for budget customers, 3) strategically located retail stores (The Basics of Business, n. d.). The organization has a large supply chain that placed it at a great advantage over its competitors in logistics, distribution, transportation, and technology. Its ability to keep costs down and shifting it to its supply chains and managing through advanced technology.
Wal-Mart's supply chain strategy supports the overall strategy of the firm by using best business practices such as aligning value with values. Roth (2011) mentioned that "aligning value with values is a sustainable business strategy that will win customers and increase your business' bottom-line results" (p. 1). However, if there is something in the strategy that is not working well, management must evaluate and analysis the strategic plan, and modify accordingly.
(Using Wal-Mart as an example) Look at the SWOT analysis of the organization: strengths, weaknesses, opportunities, threats.
Wal-Mart's strengths are its core competence in the use of information technology to maintain its local and international logistics system. In contrast, Wal-Mart's weaknesses are in human resource management and development (Marketing Teacher.com, n. d.). Therefore, the strategic management team developed strategic training throughout its stores to empower employees.
Strategic training is beneficial to a business giving positive impact on productivity and increase employee morale. The organization provides strategic training to its employees for the purpose of transferring knowledge, skills and abilities needed to enhance work performance. Also, the training is beneficial to both employer and ...
The researcher used Wal-Mart as an organization to illustrating the various training programs available to its employees. There are nine areas and topics listed in the study but this project will only evaluate six out of the nine training tools such as strategic training, needs assessment, learning-theories, transfer of training, employee development, and diversity training.