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Training need assessment introduction
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Introduction
Training needs assessment is a process used by the managers of the organizations with the aim to find out the best way to allocate resources to provide training (Lepicki, & Boggs, 2014). Training needs assessment (TNA) is required to find out what needs of the personnel should be met in order to achieve their performance improvement. TNA is very important to ensure training efficiency. Organizations, where training needs assessments are not conducted, are more likely to do less effective training that is not beneficial for the employees and organization. TNA is a complicated process that requires collecting data about the organization, its employees who require training, their weak points to be improved, and personal characteristics. This data is important to determine the needs of employees and define the type of training (Lepicki, & Boggs, 2014). The latter are usually defined from the assessment of the knowledge of the employees and finding out what skills they lack.
In this paper, TNA of Wal-Mart will be presented. The retail sector is facing numerous inter-related and urgent challenges predetermined by
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In case the needs and demands do not coincide, the company should do its best to solve the issue. The first important thing to do is to properly recognize and assess training needs. This is the most significant thing that helps managers to address the gaps between the existing needs and training that will be required in the future. The next thing to do is to identify the three types of needs that require training: industry-related needs, task-related needs and job-related needs. When this action is successfully performed, the company may get down to the training needs
According to Smithson, Walmart can expand its markets to new and emerging markets especially in the third world countries, which can significantly increase its revenues. Secondly, the company can reform is employment practices and improve the quality standard and in doing so, attract more customers and improve its brand image. On the other hand, the company faces threats such as the rising healthy lifestyle trend I that the company in most cases does not provide customers with healthy goods. At the same time, the company can capitalize on this aspect and increase its revenues. Aggressive competition from other discount retailers such as Target creates a great threat to the company (Smithson, 2015).
The training program should be designed which covers all of its employees and they need to identify which part of its organization is bad need of training and they need to start designing its training program from that part. This training program should need support from superiors, trainers and trainees.
Wal-Mart has to implement a number of changes to correct the problems it has created. Attention must be paid to ensure the employee is treated fairly. Other ways must be sought to maintain profit levels and make the stockholders happy.
My objective is to analyze the two retail giants’ methodology to satisfy and maintain customer although that I anticipate Wal-Mart’s to be a better buy than Costco because of the gargantuan scale of Wal-Mart has constructed its commerce on saving the customer Our decision is to invest in Wal-Mart. The choice for Wal-Mart is on the basis that their functional-level strategy is really robust, nevertheless of the fact that they do not treat their employees well. The fact remains that they are financially stronger, have a better business-level strategy, and have a corporate-level strategy than Costco. Costco v. Wal-Mart: What must we learn about them?
When Wal-mart first entered the supermarket industry back in 1962, they were already off to a disadvantage as the industry during that time was already dominated by well-established and deeply experienced national chains such as Albertsons and Safeway. However, in a period of just ten years, Wal-mart had opened an average of seven supermarkets per month for 120 consecutive months, with a total of 888 supercenters. (Fisherman) By then, Wal-mart became the number one food retailer in the nation. What led Wal-mart from starting out as a rookie grocery market to becoming a dominating, world-wide supercenter? The answer is in their prices, which is generally 15 percent lower than their competitors’. (Fisherman) For this very reason, Wal-mart has changed the lives of many, including the spending habits of the shoppers and the working environments of the factory workers overseas who produces these low-priced products. Although Wal-mart’s slogan “Save money, live better” appeals to many of the customers, their actions are putting a burden on factory workers overseas as many are forced to work without the proper benefits and safety regulations.
Wal-Mart’s competitive environment is quite unique. Although Wal-Mart’s primary competition comes from general merchandise retailers, warehouse clubs and supermarket retailers also present competitive pressure. The discount retail industry is substantial in size and is constantly experiencing growth and change. The top competitors compete both nationally and internationally. There is extensive competition on pricing, location, store size, layout and environment, merchandise mix, technology and innovation, and overall image. The market is definitely characterized by economies of scale. Top retailers vertically integrate many functions, such as purchasing, manufacturing, advertising, and shipping. Large scale functions such as these give the top competitors a significant cost advantage over small-scale competition.
Wal-Mart is one of the world's greatest assets to most people. It provides consumer's a place they can go to virtually get anything they need from, car repairs, to groceries, prescription's, even the latest toys and electronics. With all that said, this paper relates to the different forces in business that affects business: competitive, economic, political + legal + regulatory, technological, cultural + social, demographic, and natural forces. Although there are technically seven we are going to focus on competitive, political, technological, and natural forces.
Wal-Mart Stores Inc. is in the discount, variety stores industry. It was founded in 1945, Bentonville in Arkansas which is also the headquarters of Wal-Mart. Wal-Mart operates locally as well as worldwide. It operated 1209 discount stores, 1980 super centers, and 567 Sam’s Club by January 31, 2006. It has also extended its operations to many international countries. It runs its retail stores in two forms: Sam’s Club and Wal-Mart Stores. The Sam’s Club sells assorted product lines such as hardwares, electronics, jewelry, and to mention a few. The Wal-Mart stores also offer similar products in addition to the following: health and beauty products, apparel for women, men and children, household appliances etc (www.yahoo.finance.com). The Vision Statement, Mission Statement, Values and Code of Conduct, Corporate Governance: Directors, Executive Management, Committees and Stakeholder will be the key elements that will discussed in this report as it relates to Wal-Mart. In addition to that, the major trends in the general/macro environment and industry will be analyzed.
-Training: understanding the job well enough to know who to hire and how well they are doing.
Organizations are constantly faced with finding solutions to their problems. Often times they demand training to act as a quick fix to their problems; thus, trainers need to make needs assessment an essential part of their instructional design process. Otherwise, according to Zemke (1998), trainers "could very well end up doing a marvelous job of solving the wrong problems". Therefore, the trainer's challenge is to find the problem and to understand it sufficiently so that it can be solved (Rossett, 1987).
When Sam Walton died in 1992, some industry insiders doubted that the Wal – Mart chain that he had founded some 30 years earlier would retain its prominence as a discount retailer. Lost for good they feared, would be the “magic spark” that Walton used to light fires under the chain’s 1.3 million associates. And, as Wal – Mart stock failed to enjoy the same bull – market growth as many other companies in the mid – 1990s, the pundits appeared to be correct. Today, however, with stores in all 50 U.S. states and nine other countries, Wal – mart has rebounded, leading the pack of discount stores with record earnings. In fact, with $218 billion in annual sales and 100 million customers per week, Wal – Mart is the world’s largest retailer and was named “Retailer of the Century” by Discount Store News.
The HR manager can use the five step analyze, design, develop, implement and evaluate (ADDIE) training process to introduce a program that will be effective. There will be strategic training needs analysis to train employees to fit future jobs. Current needs analyses train current and new employees. Task analysis identifies specific skills training needed. The HR manager after the analysis the designs the training program with its objectives, delivery method and program evaluation. Then the manager will implement the training with on the job training where the person learns while doing the job and , apprenticeship training where the employee becomes skilled while having formal and on the job training. There can be formal lectures, programmed learning, audiovisual training and use of electronic media training
Wal-mart has been able to achieve respectable leadership in the retail industry because of its focus on supply chain management. Discuss in detail the distribution and logistics system adopted by Wal-Mart.
It creates an environment where it is difficult for retailers to grow their business. According to Jia (2005), Wal-Mart destroyed 50-70 percent of small discount retailers from 1988 to 1997 (Basker 191). It shows that Wal-Mart wreck small-scale business within few years. As Wal-Mart is a big multinational company and operates on the much bigger platform. It does not require any sponsor's but on the flip side, the small-scale business needs funds and sources to establish themselves in the market. Between 1963—one year after the first Wal-Mart store opened in Rogers, Arkansas—and 2002, the quantity of single-store retailers in the United States declined by 55 percent (Basker 178). Overall, taking the evidence into consideration it is seen that the entrance of Wal-Mart in the business world has a serious impact these minor businesses. In a Pew Research Center (2005) study, 19 percent of respondents with a Wal-Mart store in their general vicinity felt that it had a negative impact locally, and 24 percent of all respondents suspected that Wal-Mart was awful for the nation (Basker 178). This research shows that Wal-Mart has negative effects on both locally and for the country as well. Wal-Mart makes a hard-focused condition. Each new Wal-Mart store diminishes nearby contenders' piece of the pie and profit edges and makes a few organizations close (Basker 190). Wal-Mart creates a
Wal-Mart Stores, Inc. is a renowned retail goods superstore that sits atop the Fortune list at number one. It would be very difficult to find an individual who is unaware of Walmart’s position as the largest brick-and-mortar retail chain in the world. The company has thrived over the past few years and continues to grow by effectively managing its store operations and distribution strategies. One of the major contributors to the business consistently meeting market expectations is directly attributable to their management approach. Walmart has revolutionized the way retail companies manage their supply chains in more ways than one.