MGMT499 Essay Example | Topics and Well Written Essays - 1250 words

MGMT499 - Essay ExampleIn terms of levelheaded environment, strict environmental legislation results into higher costs for both discount retailers. This factor even encompasses advance awareness amongst customers which appends costs for retailers such as Walmart and Target who follows green movement (Zentes, Morschett & Klein, 2012, pp.102-103). On the other touch social environment comprise of varying income levels of customers which give an opportunity to both the retailers in relation to cloggy prices and acquiring large market share.The culture prevailing in Walmart is to work in collaboration and increase efficiency of the overall team. They even focus on reducing overhead expense so that break prices can be offered to customers. The performance rate of Walmart is higher in comparison to other retailers and hence it ranks as topmost retailer across the globe. On the contrary Target has a performance ratio press down than Walmart and occupies second position amongst all di scount retailers based in America. Its low performance is due to hold in product range being offered in all its retail stores. However the company culture is akin(predicate) to that of Walmart where team members are considered to be an integral part of the system.The promotion policies of Walmart are such that it gives more emphasis on increasing responsibilities and retaining experienced workers in the system. There were 170,000 promoted by the company in previous year with more benefits and higher pay scale. These policies are based on average performance of employees and impact of their respective(prenominal) performance in growth and success of the company. On the other hand Target has a diametrical set of promotion policies as it focuses on time period which has been spent by an employee with the organization. Promotion in this company is given to those employees who possess more experience in comparison to other individuals. However the promotional benefits are similar to that of Walmart.Walmart is a big retail