Diversity at Wal-Mart in China

             In this situation, the CEO of Wal-Mart should be aware on how employees should be treated since he should be required to treat employees as a partner in his business. From there, there, he should use Emotional Intelligence, which is a theory that managers and CEO's understand their employees emotions. This helps them to communicate effectively and it makes the employees feel they are on the page. This approach generated loyalty and challenged the employees to make the business a success. Each employee should be offered stock options and given a portion of the profits as an incentive to keep working toward higher customer satisfaction. Motivation and communication are additional ways the CEO could create happy employees. Challenging employees allows him or her to be creative and generate new ideas or product lines that will increase sales and or customer satisfaction. Listening to employees opinions is vital to success. The people who work the frontline of any business will have ideas on how to better the processes. Some companies used an approach uncommon to most CEO's; walking around the store to meet and greet the associates and customers. This approach allowed the consumers the opportunity to tell him how well he or she liked the store and offer suggestions for change. The associates liked this approach because it made him an approachable CEO who was willing to listen to employees and customers.
             At the heart of Wal-Mart's growth is the unique culture that "Mr. Sam" built his business philosophy was based on the simple idea of making the customer No. 1. He believed that by serving the customer's needs first, his business would also serve its associates, shareholders, communities and other stakeholders.
             In order to motivate employees, some companies such Wal-Mart have compensation and rewards programs. They have created Sam's CLUB engagement school of our managers and Associates seriously.
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Diversity at Wal-Mart in China. (1969, December 31). In MegaEssays.com. Retrieved 17:01, November 17, 2024, from https://www.megaessays.com/viewpaper/202945.html