Wal-Mart Control Mechanisms
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This paper discusses four control mechanisms that Wal-Mart uses and how they affect the four functions of management--planning, organizing, leading and control.
From the Paper:"As the world's largest retailer, Wal-Mart has developed highly effective control mechanisms that enable it stay in the number one spot globally. Four of these control mechanisms include cost control, market control, inventory control and trust. Cost control is the mechanism that allows Wal-Mart to charge such ridiculously low prices. As Charles Fishman points out; "Wal-mart has sold a gallon of pickles-a year's supply-for less than consumers would pay for a quart of pickles at most grocery stores." It accomplishes this feat in two..."
Cite this Term Paper:
Wal-Mart Control Mechanisms (2008, December 01) Retrieved December 04, 2020, from https://www.academon.com/term-paper/wal-mart-control-mechanisms-127311/
"Wal-Mart Control Mechanisms" 01 December 2008. Web. 04 December. 2020. <https://www.academon.com/term-paper/wal-mart-control-mechanisms-127311/>