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External/ Internal Factors
Wal-Mart is an organization that has been extremely successful in achieving its goals of becoming top retail store in the world. Managers for this organization must plan, organize, lead, and control each component of this organization in order to secure its success. There are factors, internal and external, that can impact these four functions within an organization. Management's responsibility is to take these factors into consideration to ensure that business will be successful. These factors are its strengths, weaknesses, opportunities, threats, and trends. These factors are also referred by the acronym (SWOTT).
Wal-Mart's foundation was built on honesty, fairness, respect and integrity. They strive to preserve their foundation by bringing these qualities to the job everyday. Wal-Mart has always been a value-based ethically led company. Sam Walton had three basic beliefs that he believed that would bring the company great success. His......
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Title: External/Internal Factors
Approximate Word Count: 1448
Approximate Pages: 6 (250 words per double-spaced page)
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