In: Operations Management
• Perform an internal audit (strategic management audit) for Walmart (be sure to include management, marketing, finance/accounting, and MIS in your audit.
Walmart is an American-based multinational corporation that deals in retail business and grocery items at a discounted price. The company has spread its business into various countries worldwide and works exceptionally well in the current situation. Internal audit of the company states the ongoing performance of the company. It includes management, marketing, finance. Control of the company tells us about the company's working, which helps the company reach the top. Walmart's working with their employees is very good, making them one of the companies with the most number of private employees around the globe. Marketing helps the company reach its customers, which helps them achieve their organizational objectives effectively and efficiently. Effective marketing helps the company to take a competitive advantage over its competitors in the marketplace. Finance or accounting helps the company to make significant financial decisions to enhance their business. A healthy financial condition will lead to company to fulfill their short and long term objectives. With the efficient use of MIS in Walmart, the company can transfer its data through the internet, and the sellers can quickly examine their product sales.