Wal-mart is a company that applies control mechanisms to its business functions to remain a global leader in the industry the four types of control mechanisms that wal-mart puts into action are market control, clan control, audit control, and performance standards. Control mechanisms are used by organizations to help regulate processes which add to company-wide goals wal-mart is a huge industry functioning to meet the needs of its customers, employees and suppliers by using controls controls consist of market control, clan control, manager audits, and performance standards.
Control mechanisms of wal-mart essay sample without the effectiveness of control, the successes of most companies would be easily faltered wal-mart, being one of the world’s largest retail chains, has established itself as a global leader, and not without having a defined plan of action.
The four types of control mechanisms that wal-mart puts into action are market control, clan control, audit control, and performance standards market control is “the ability of buyers or sellers to exert influence over the price or quantity of a good, service, or commodity exchanged in a market. Control mechanisms of wal-mart essays: over 180,000 control mechanisms of wal-mart essays, control mechanisms of wal-mart term papers, control mechanisms of wal-mart research paper, book reports 184 990 essays, term and research papers available for unlimited access you are able to control the progress of your writing assigment. The identified control mechanisms mechanisms that are being used at wal-mart are market control, manager audits, clan control and performance standards each of the control is much important in effective thrive in the business world.
Wal-mart's success is motivated by control mechanisms that are regulated and constantly evaluated four examples of these control mechanisms at wal-mart are scale in purchasing, a cost advantage, a strong position in the value network, and minimal employee benefits each of these four mechanisms has put wal-mart in the forefront of retail giants.