The external environment greatly affects the operation of the Wall Mart. One of the external environments that have a significant impact on the business is the economic conditions. This is because the economy attributes to the expansion of the business. If the interest rates are high, it becomes extremely impossible for the business people to borrow from the banks resulting to expensive capital to borrow.
Favorable taxation rates determine whether expansion of the business. This is because if the taxation rates are favorable, it encourages hiring and the growth of the business which will later result to the expansion of the company. Exchange rates also play a significant role in the business expansion. This is because with the growth of the global market, favorable exchange rates encourage business growth both nationally and internationally.
Successive organization culture has been attributed to the combination of value and performance of employees in the company. This is because the employees play fundamental role business expansion. The performance of the employees in an organization can result the company registering significant amount of profits. Another key attributed to the success of a business is the value the management has for the employees.
The management of the Wal-Mart values each and every effort shown by the employees in trying to increase the productivity in the company. The employees in general are the backbone of the success in the company. Some employees do not value the efforts made by their employees, the resulting factor is the company registers a significant decline in the productivity. It has been established that the engagement of the employees in decision making in the company has resulted to improved performance and productivity in Wal-Mart and other organizations at large.