Executive Summary:
This report tells us about how the techniques of management and leadership are used, in Wal – Mart, to keep the work force working hard and effectively. It is evident that the main style or management model used is Weber’s Internal Process Model; however it also includes some aspects of the Human Relations model.
There are a range of techniques used to lead, mostly resulting in motivation of the work force. These range from fear to acceptance. The style used to manage and lead this type of organisation, in this type of market sector, is very effective and is evidence of the prosperity of the business.
Introduction:
The aim of this report is to show the management and leadership styles of any chosen company. I have chosen to use Wal – Mart, while drawing on appropriate models and theories relating to these styles. I shall then however evaluate how effective these styles are and see if there is any margin for improvement.
Wal – Mart: A Brief History:
Wal – Mart was founded by Sam Walton in 1962. However right from the companies’ conception they were facing competition from regional discount chains. While other discount stores had quickly spread across the country, Sam however only had 15. Wal-Mart got the boost it needed in 1970, when its stock was offered for the first time on the New York Stock Exchange. The public offering created enough capital to boost the number of stores to 276 within the next decade. All these years later, on January 2006 Wal – Mart generated more than $312.4 billion in global revenue. (*****)
Management and Leadership Definitions:
A manager is: “Collective administrative heads of a company, institution, business, etc., who are responsible for conducting the affairs of the company (institution, b ...