Walton is a Bangladeshi conglomerate based in Gazipur, Bangladesh. It comprises numerous subsidiaries and affiliated businesses, most of them united under the Walton brand. The subsidiaries include Walton Motors, Walton Mobile, Walton Electronics, and Walton Hi-Tech Industries Limited.SM Nurul Alam Rezvi founded the Walton Group of Industries in 1977 as a trading company. The group’s Vision is “Aspiring to be a bold leader among the top five global Electric and Electronic brands.” Over the next three decades, the group diversified into steel, textiles, electronics, and automobiles. Walton entered the steel industry in the late 1970s and the electronics and cars in the early 2000s; these areas would drive its subsequent growth. Since the 2000s, Walton has expanded towards electronics and automobiles, which became its most important income source. In 2017, Walton inaugurated theirsmartphoneandtabletmanufacturing plant, “Walton Digi-Tech Industries.”In 2018, it launched its first computer and laptop manufacturing plant. The brand has more than 350 sales points called Walton Plaza and over 25,000 dealers across the country. The dominance of foreign brands and imported goods has almost ended due to the quality of Walton goods and our affordable price.After being successful in the local market, Walton is expanding their operations globally. At present, Walton manufactures a mindboggling array of gadgets ranging from mobile phones to laptops, washing machines to microwave ovens, blenders to gas stoves, electric fans to LED bulbs exports to 40 countries in Africa, Europe and Asia. The African countries and the Middle East could be big markets for Walton as the countries prefer to import finished goods as there is workforce shortage and labour cost is high.The group expects Bangladesh will be the next destination for electronic goods and home appliances, considering the price and quality of products. Moreover, Walton has been taking advantage of the duty-free market access to the USA, the EU and elsewhere that Bangladesh currently enjoys as a least-developed country.Walton is the latest multinational electrical, electronics, automobiles and other appliances brand with one of the most extensive well equipped R & D facilities globally; it carried out its production through different subsidiaries under Walton group headquarters in Bangladesh. Today, Walton has more than 20000 employees in 22 production bases under 680+ acres of factory area. The capacity of yearly production is 10 million units based on the market demands.The leading conglomerate of Bangladesh currently exports locally made electronic products to over 40 countries worldwide, mainly in the Middle-East and African markets, including some European nations such as Germany and Romania. The brand started initially by producing motorcycles and refrigerators. Walton also began producing lifts and all-in-one desktops at half the price of imported ones.Along the way, Walton has earned domestic and global recognition for its experience and proven track record in various electronics fields. It is the pioneer of developing state of the art designs and modern technology, having a leading market share specializing in Multi-Stored Refrigerators, Freezers, Air Conditioners, LED/ LCD televisions, Motorcycles, Smart Phones and
Home Appliances. The group has reached the milestone of the highest exporting Bangladeshi enterprise in the field of electronics. It has operations in full swing in India, Nepal, Bhutan, Myanmar, Maldives, United Arab Emirates, Qatar, Nigeria and West Africa. Different subsidiaries of the group are already penetrating Australia, Europe, the USA, South Africa, Singapore, Poland, Romania, Saudi Arabia, Sri Lanka and the CIS Countries. Their contribution to serving the global markets has earned a handful of national and international accolades, acknowledging their dedication, expertise, and innovation to meet international standards. A few awards include The Golden Globe Tiger Award 2015 in Excellence & Leadership Brand, Asia Best Employer Brand Awards 2015 and DHL-The Daily Star Bangladesh 15th Business Award 2014 for Best Enterprise in Bangladesh. For a sustainable and robust foothold, WALTON has been obliged to maintain 100% compliance since its inception and has achieved certification for ISO 14001:2004 Refrigerators & Air Conditioner Division, ISO 9001:2008 Refrigerators & Air Conditioner Division and OHSAS 18001:2007 Certificate for successfully adopting sound occupational health and safety management systems.Seeing the rising anti-China sentiment in India, the US, and much of the world, local electronics giant Walton has now set its sights on attracting buyers who are shifting away from China to procure electronics and home appliance goods. Bangladeshi electronic giant Walton aims to export US$100 million worth of ‘Made in Bangladesh’ labelled products to the world market in the current fiscal year (FY2021-22). The move will increase the export volume of Walton as its products are already gaining a good response from the global buyers of different countries, including Europe.Walton has a pool of talented engineers who work relentlessly to improve product quality. For quality control and to reach world-class standards, Walton has hired talent from renowned global brands such as LG, Panasonic and Samsung. And it sends engineers abroad regularly so that they are on top of the latest technology. Walton’s recent export of television to Germany and compressor to Turkey amid the pandemic is a sign of the growing acceptance of its products abroad. During the COVID-19 pandemic, though it faced declined sales, this homegrown electronic giant did not lay off a single worker or slashed salaries as the group considers the employees as family members as one of their corporate values is “ Our people, our family.”These employees are working on the mission of “Responding to the ever-changing consumer and market demands through responsible, innovative brilliance and recognized quality standards. They follow some corporate culture like: To respect the teammates. To work for progress and to be positive. To be creative and intuitive. To own the job. To be socially responsible.Requirements:
1. How can the HR functions of the Walton group contribute to creating and maintaining a high-performance work system?2. “Proper HR practices helps to attain the mission and corporate culture of Walton group.”-explain the statement.