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WALMART
Walmart Needs To Reconnect With Customers And Employees
Walmart (NYSE:WMT) has tried many things to fix its sluggish sales problem: closed stores, laid off employees, raised pay for those remaining, and expanded its on-line presence.
can breaking of conectivity be a problem for walmat in future time period
ReplyDeleteyes, i think is because if you disconnect to to the customers it may leads or go to another best alternative due to which it create problem.
DeleteExpanding market is good but it may harm the local vendors and small marts suggest some mid ways for local vendors
ReplyDeleteMore or less it affects but the products which you got from Walmart you may not find at the local vendor at lowest price.
DeleteReconnecting with Customers, which essentially means reataining the customers and try to build upon it and also giving a fair deals to customers. In today's ever changing business scenario's Walmart needs to come up with innovative ideas to compete in the market.
ReplyDeleteAs per my point of view Walmart is giving the great deals for the customers and customers are also satisfied with the deals and Doing the great business.
DeleteHow ,closed stores, laid off employees, raised pay for those remaining, and expanded its on-line presence will help Walmart in its recovery?There shall be more content about the topic.
ReplyDeleteThe closed store and lead off employees helps the Walmart to recover because Walmart is unable to pay the salary of the employees and going in huge loss so if employees are less Walmart able to recover.
DeleteYes i agree there the content is very less and for more information stay tuned with my blogs surely i'll make one another blog regarding this with detailed information.
Thank you.
Do you see code of conduct/ethics in Walmart ?
ReplyDeleteYes i see the code of conducts in the company company started with the Ethical statement which is " Ethics will introduce you to the behaviors and conduct that create an honest, fair and objective workplace while operating in compliance with all laws and our policies. It will help you recognize situations that might come up on your job which could be a violation of our company ethics. You’ll also learn what to do if you have questions about what is considered ethical conduct."
DeleteWhat principles do Walmart need to follow to connect with their employees and customers?
ReplyDeletei think Walmart should follow the new techniques and use of many social media to Employee and customers.
DeleteWhat is the company culture at Walmart?
ReplyDeleteWalmart starts with the tagline "Our people make the difference" which mean Walmart make a huge difference in the society and company as well. Company culture is very good and cultural diversity is found the company which make employee learn new things.
DeleteFirst of all the steps that were taken to counter the problem are not going to do any good for them , so first they should revoke their decisions.
ReplyDeleteSecond to counter sluggish sales they must find out the real or impactful reason behind it. It might be the rise of their competitors or some internal problems. They must carry out surveys to find the reason behind it, if its competitors imitate what they are doing good or if it is internal problem fix it.
At last considering the current scenario walmart should also lookout for e-commerce services.
Thank you for your suggestion Nishant, As per the current scenario Walmart is also at e commerce and doing very good. Walmart is biggest online grocery store right know and its biggest competitor is Amazon but Amazon is not doing well in grocery.
DeleteImproving the product and/or service to satisfy customer needs. Expand the technique to reach potential customers.
ReplyDeleteOn the behalf of Walmart, Walmart have lots and lots of brands according to customers need at the lowest price due to which customers customers are satisfied.
DeleteThe technique to reach potential customers are : -
1. Survey Customers
2.Research the Competitors And Find Out Who Their Customers Are
3.Target Ads
4.Smart Social Media
5.Respond To Every Email, Tweet, Facebook Comment, And Phone Call; Adjust Yourself As Necessary
6.Affiliate Marketing
This is the right way to connect with local seller and vendor.this steps specifically beneficiary for those sellers or vendors who has taken loan from other sources.but still have been looked out that company do this only for spread legs in market but i don't know that it's a right or wrong way.but according to general thinking that it's a marketing subway's rules and marketing company should have to do this for spreading it's own legs on the subway as a startup.
ReplyDeleteYes as per my point of view it is good for the local vendors but some how it affects the quality of the products. the main problem at local vendors are authenticity of products.
DeleteIf the the products are genuine then it right.
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DeleteYa it's universal truth.... @sumant sharma
DeleteVery informative post.I think if you add points which others can practice as tips then it will be a huge help...
ReplyDeleteThank for appreciation.
DeleteHow can local vendors ,who are unaware of online based transaction platforms, get benefit of walmart?
ReplyDeleteMr. Anand lall, your question is very good and i want to tell you that,
Deleteyes can get the benefits.
specially in India Walmart is name as BEST PRICE, IF any local vendor want to shop something have to go to best price and buy the product at lowest price but there is one condition vendor need one GST no. of his own and make the cart of that outlet then only then he or she can make shopping from BEST PRICE outlet.
What is the authenticity of products sold here?
ReplyDeleteProducts which are sold here are 100% Authentic because Walmart is very big and reputed company and it will directly take the products from the manufacturer and there is no mediator so there is less chance of delicacy.
DeleteHow walmart is able to maintain it's profit inspite of giving huge rebates on various commodities?
ReplyDeleteWalmart is very big company it contact to direct manufacturer and buy directly. Walmart have very huge demand and so Walmart buy the product in huge bulk which cost very less as compare to market and that is how Walmart make the profit after giving the discounts.
Delete