Assigment two Essay Example | Topics and Well Written Essays - 1750 words

Assigment two - Essay Example Conducting a training needs analysis significantly helps in the process of evaluating the lacking areas of the teams and individuals of an organization and can significantly lead to the process of development of skills of the employees, thereby increasing their individual productivity as well as the productivity of the entire organization on a whole. Training needs analysis is increasingly considered as a highly important tool for planning and management as it aids in the process of growth and development of the individuals and the organization (Drummond, 2008, p. 5 - 6) Talking in terms of Wal-Mart, it can be said that since Wal-Mart is a global organization, with interests and stakeholders present in major and emerging markets of the globe, there are some specific areas of development that Wal-Mart can focus on for the process of providing better opportunities towards individual development and resources on a global note. The most important areas of development that Wal–Mart can focus on at the present moment are the processes of educating and developing the front line associates in the emerging markets to go for better customer engagements as well as imparting relevant product knowledge and required rack arrangement. Another important area where Wal-Mart can conduct a training needs analysis is the process of evaluating the need of technological and process developments in the emerging markets which can in return lead to achieving of better production and efficiency. The organization also needs to conduct training need evaluations of the customers in the emerging markets for the purpose of generating better responses in the e-retailing formats. Also, the company needs to conduct the analysis for the purpose of assessing the gap of technology experts’ team of the organization and their efficiency in generating the valuable insights from customer information by using data analytics technology. 2. It is of considerable importance to state that Wal -Mart is a global organization, which increasingly focuses on generating extreme value for customer through its product and service offerings (Annual Report, 2012, p.4). Hence, its key strategies are more focused in generating more value to the customer, while increasingly going through various evolutionary phases and individual development techniques of the internal stakeholders of the organization. Training Need Analysis for Wal-Mart is being provided through the following format Training Need Type of Training For Whom Objectives Front line associates of the various Wal-Mart outlets in some of the key emerging markets needs training in regards to style and fashion of involving in customer engagements. Role Playing Front line associates in Wal-Mart stores located in key emerging markets. To provide a superior shopping performance to the customers by providing high level of customer satisfaction through customer engagements. Front line associates of the Wal-Mart outlets in the key e merging markets needs training for rack arrangement as well as developing product knowledge. On job training Front line associates in Wal-Mart stores located in key emerging markets. To enable the front line as

Relationshipe between cartel crime and corporate governance Literature review

Relationshipe between cartel crime and corporate governance - Literature review Example In a number of jurisdictions, market sharing and price fixing for all purposes and intent are all constitutional violations. However, some people have argued that price fixing curbs destructive or unhealthy competition especially in oligopolistic industries. Assertion from other quarters is of the opinion that Collusion and cartels are no real threat to the market since they are majorly unstable and temporary in nature. This emanates from the fact that cartels are usually united by common interests at the beginning but in later stages, each diverts to pursue and protect its own interest which makes the whole system crumble. In most cases after agreeing to apply a uniform market price, one of the firms within the cartel usually cheats the other by lowering the prices of its products in order to maximize its customer base which in turn translates to profits (Rizza 44, 2012). It is therefore argued that collusion between members of a cartel never long lasts because their exists a general mistrust among them and no clear channel to discipline any member of the cartel who by any means is proved to be violating terms of agrrement.In circumstances of implicit collusion, the problem is magnified because of lack of effective communication channels among the cartel members. Economically, price fixing being just a mere cartel or a heinous crime is judged by whether it adds value to the economic viability or not. If the economy is boosted through cartel collusion then some people have argued that it is economically viable. The theory just discussed has majorly been applied in two ways. Firstly, to take note of those industries that may be susceptible or otherwise and their effectiveness to cartelization. Secondly, how remedies can be effectively devised that destabilizes and detect cartels which would ultimately scuttle their incidence. Initially fronted by George Stigler and later modified by other