Strategic Human Resource Management In Walmart Stores

Opportunities

· Strategic alliances: Walmart can form strategic partnerships with significant companies or amalgamate with other international retailers. Walmart may also benefit from the acquisition of small firms.

· Improving quality standards: Low-cost commodities occasionally make low quality. In order to resolve customers' health concerns, Walmart has a chance to improve the quality levels of its goods.

· Expansion to other markets: By extending its business to the marketplaces that have not yet risen, Walmart can take the opportunity. These could include China, nations of the Middle East and Latin America.

· Enhancing human resource practices: Advanced human resource improvement can provide Walmart with a good opportunity. It depends mainly on its workers. Thus, it is a crucial opportunity to bring innovative ideas to its management of human resources.

Threats

· Fake craft beer controversy: For the sale of counterfeit craft beer in 2017, Walmart was prosecuted. While produced by WX Brands, the beer had been labelled and marketed as "Trouble Brewery," a production company that does not exist.

· Political and legal issues: A primary target of competition can permanently affect the company's operation in certain nations, both politically and legally.

· Impeach controversy: Walmart was presently announced for the argument of "Impeach 45." It sold printed t-shirts with the phrases 'Rope. Tree. Journalist. Some Assembly Required.  These t-shirts claimed to promote violence. Nevertheless, Walmart overcame the scandal by stating that the t-shirts were sold on the Walmart Marketplace by third-party sellers rather than Walmart.

· A primary target of competition: Walmart is the world's largest food product retailer and is always a key competitor's target. Its immediate competitor target provides identical but higher quality goods. Costco also provides consumers with bulk goods. Moreover, they have a reasonably good reputation for treating their workers well in comparison to Walmart. In these regions, too, both corporations are strongly backed.

Factors

Implications

Political factors

Walmart takes into account political factors in the retail market, generally about government policies. Politically active stakeholder groups are also crucial in the analysis of the PESTLE model. In the remote or macro-environment of Walmart, the external political factors include:

· High political stability (opportunity);

· Political influence for globalisation (opportunity); and

· Political pressure for a higher salary (threat).

Economic factors

Walmart is under considerable pressure from financial alterations. This alteration leads directly to alterations in the profits of the company. Premised on the PESTLE analysis model, in the remote or macro-environment of Walmart, the external economic factors include:

· Consistency of significant economies (opportunity);

· Developing nations' enduring development (chance); and

· Reducing joblessness of the US (chance).

Social factors

Walmart's social factors have a significant impact on customer preferences and perceptions. Premised on the PESTLE analysis model, in the remote or macro-environment of Walmart, the external social factors include:

· The trend in healthy living (opportunity);

· A trend towards multiculturalism (opportunity); and

· Urban movement (chance).

Technological factors

Walmart must tackle trends in technology. Technologies impact the competitive environment of the retail industry in the context of the PESTLE analysis model. In the remote or macro-environment of Walmart, the external technological factors include:

Increasing automation of business (opportunity);

Corporate or Big Data analysis (opportunity); and

Increasing consumer use of mobile devices (chance).

Legal factors

Walmart is subject to legal and regulatory requirements. These external factors generally put restrictions on retail companies premised on the PESTLE analysis model. In the remote or macro-environment of Walmart, the external legal factors include:

· Regulations on food safety (opportunity);

· Restrictions on employment (opportunity); and

· Reform of tax legislation (threat).

Environmental factors

Walmart's business has important environmental or ecological factors that relate to environmental issues. Conservation of the environment has now become a popular concept. Premised on the PESTLE analysis model, in the remote or macro-environment of Walmart, the external environment factors include:

· The trend of business sustainability (opportunity); and

· The movement of environment-friendly goods (chance).