Wal-Mart Business Event

Wal-Mart Business Event

Introduction

Corporate events are made to create interpersonal relationships that are impossible in the office environment. Such activities are essential to the success of a business since they keep employees updated and active. Managers and business proprietors want the best employees to work for them. As business advances and progress, the knowledge and skills of an employee become outdated. Employees are the significant assets that a business can have. Thus preparing events offer new sights to the store and employees at large. Investing in employees ensures that a company delivers quality work and maintains a serene working atmosphere. In this study, I present details of the Wal-Mart annual meeting as a sample event that astonishes global audiences and keeps the company running in the next business quarter.

Event

Every year, Wal-Mart holds a shareholder meeting that is attended by over 14000 people from 29 different countries. The conference is held to discuss the significant issues of the giant retailer and to ensure it moves to the first quarter of the year with past problems. For instance, in the 2020 meeting, the shareholders were expected to vote for formal business and proxy proposals.  However, the meeting was conducted virtually this year because of the covid-19 epidemic. Thus the meeting was not held in a physical location yet was very refreshing and fulfilled the expected goals. The shareholders voted online through the company’s website.

Nevertheless, the whole event was a success and not a failure. Overall the meeting was good news the voters as the voters voted as expected, and none of the selected missed a vote.

Nevertheless, there was no chance to create interpersonal relationships since the people involved did not meet face to face (Smith, & Crawford, 2019). Only the selected few had a chance to meet but not face to face. Thus the event was no different from the office environment, and that was a great disappointment. However, the video conferencing ensured that everything that was to be done was done appropriately and in the right manner.

Handling of the event

The event was not as usual since the covid-19 epidemic demands that there should be no meetings that involve more than 15 people. However, technology fastened the process, and the primary purpose of the meeting was achieved.  The meeting was done virtually through video conferencing, and thus all the members that were expected to attend were present. Despite the difference from the norm, all the candidates got to vote, and the desired expectations were met. Sadly, other events, such as the associate’s celebration will not be held due to the corona outbreak. More than 5000 associates were expected to travel from different regions from the world, but it was not possible. The vents were scheduled to be planned in this annual meeting but were postponed due to the epidemic (Yu, 2019). However, the dates of the meeting were announced usually, and the involved parties were notified on time how the meeting would take place and thus were ready for the virtual meeting.  The company was cooperative and therefore decided to hold a meeting virtually instead of physically.

Impact of the event

The virtual meeting did fulfill the goal of the meeting. However, the usual excitement was not possible since most of the people, including the employees, did not have a chance to attend the meeting. The session only entailed the primary delegates, and the results took time to reach the employees and the staff of the organization. The event did hurt the mission of the company since the task was not carried out as desired. All the shareholders who were expected to attend the meeting did not come, and thus the impact was felt worldwide in all Wal-Mart stores. However, nothing went wrong as the significant purpose of the meeting was fulfilled, and everyone got to vote. The sales of the company were not affected by the meeting but were affected by the outbreak. Since the epidemic was worldwide, Wal-Mart had lost most of the consumers. However, the loss of consumers is not attributed to the meeting but the epidemic. The session only promoted the sales of the company by indicating what should be done next to ensure that the consumers purchase the product of the company with ease.

Handling of the event

The changes that occurred due to the event are the precautionary measures that had to be taken because of the epidemic. These changes affected the sales of the company since people were not expected to convene in one place, including the wall-mart stores. Therefore the sale of the company has reduced dramatically but not as a result of the meeting but the epidemic. However, the conference has boosted the sales of the company since it entailed how operations will be undertaken during this trivial time. There had to new policies and regulations set as per the global epidemic? Most of the workers were supposed to wear a mask so that they could reduce the spread of the epidemic.