Got a tricky question? Receive an answer from students like you! Try us!

Control Mechanisms of Wal-Mart - Case Study Example

Only on StudentShare
Case Study
Pages 3 (753 words)


The control mechanisms of Wal-mart are regarding parsimonious ways of Sam Walton and technologically advanced policies. These involve internal audit, external audit, market control and financial control. The first control mechanism is about economical ways of distributing and retailing the products…

Extract of sample
Control Mechanisms of Wal-Mart

This made the role of middle men in supply chain activities, as an employee in Wal-mart. After that Wal-mart brought a far larger group of potential consumers within reach of the small commercial centers. This resulted in the control mechanism of building the efficient warehouses necessary for discount operations as part of transactional strategic investments. This can be termed as the control mechanism of buying products from producers directly as the warehousing involves storing the goods economically. (Nelson Lichtenstein, 2005)
The control mechanisms that implement the aspects mentioned in part A can be divided into price, integration, contract and trust developed with communication. These involve internal audit, external audit, market control and financial control.
The internal audit of the Wal-mart involves asset protection. The auditors concentrate on making inventory process efficient in and over the USA. The loss due to shrink, theft and any types of losses or damages are calculated and communicated to the store management to minimize the problems. There are 11 locations of internal audit in USA. (
The external audit of Wal-mart is responsible for consolidated annual financial statements and so the external auditor. This financial reporting will be according to legally accepted accounting standards. ...
Download paper
Not exactly what you need?

Related Essays

Wal-Mart Business Model
It set-up giant all-in-one stores in small towns which quickly gained patronage because of the service that Wal-Mart associates provide and customers are able to buy the products they need in one convenient place. Today, Wal-Mart is the world's largest retailer with $345 billion in sales, with more than 176 million customers per week visiting its more than 6,500 stores worldwide, 61,000 suppliers and providing more than 3 million American jobs. ( 2008)…
3 pages (753 words)
Wal Mart Marketing Audit
Market of a company means the present and future customers of its goods and services. Wal-Mart's market indicates its actual and potential buyers. Apart from United States of America, Wal-Mart market is gradually expanding in some other regions of the world; such as, UK, China, USA, Maldives, Nepal, Bhutan and Russia etc. Wal-Mart has a favorable stock- market in some regions by means of which the company avails the advantage of selling out their shares at the significantly increased rate. Some stockholders contribute professionally-managed funds that widely help in buying and selling huge…
9 pages (2259 words)
Wal-Mart Strategic Management
But certainly the situation was not the same in the late 1950s or early 1960s, when Wal-Mart began its operations. Porter's five forces analysis proves to be quite useful in finding out the attractiveness of an industry.…
11 pages (2761 words)