Organisational Structure of Wal-Mart, Core Business Values. Write a 1500 word paper answering; Family businesses are known to induce a great degree of commitment towards the organization, wherein individual stakeholders from the family often manage the several facets and departments by sharing each and every individual responsibility within the business (Kelin E. Gersick, 1997).In fact, many of the modern businesses, some of which are publicly traded on stock exchanges, are family-owned enterprises. Some of the most famous business enterprises operated and owned by families include successful and reputed ventures such as the ArcelorMittal group, the Ford motor company as well as the Wal-Mart group of supermarkets.
The involvement of members of the family in organizing and running the business in managerial and executive capacities is known to strengthen the foundations of the company as such involvement is often associated with an enhanced level of commitment and loyalty towards the firm and dedication to the welfare and growth of the family business. However, such involvement is also known to include several deficiencies that arise mainly out of the dynamics on the basis of which a family system works and the mismatch between the system at home and the system at work often causes imbalances leading to tussles between family members. It is also necessary to point out here that additional problems may arise owing to the interests of family members that do not align with the larger interest of the business, which gives rise to friction and may even lead to the division or dissolution of the business (Marshall B. Paisner, 2000).
Given the above introductory aspects of a family business, the discussion of a family business will be undertaken through a case study, which will analyze it from several perspectives. For the purpose of the current research, the Wal-Mart group shall be studied on the lines of the family business. The reasons for considering the group are many with the most significant among them being that Wal-Mart is the largest retailer in the world in addition to being the world’s largest employer for over 2 million people.