StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Strategic Management and Strategic Competitiveness - Assignment Example

Cite this document
Summary
The company has grown by leaps and bounds to become one of the largest retailers in the world. Globalization has played a vital role in Walmart’s success. The retail chain is headquartered in Bentonville, Arkansas, United States and…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.1% of users find it useful
Strategic Management and Strategic Competitiveness
Read Text Preview

Extract of sample "Strategic Management and Strategic Competitiveness"

Download file to see previous pages

Walmart’s international operations began in 1991 when the retailer entered into a joint venture with Cifra, a Mexican retail company. During the fiscal year ended January 31, 2013, the retailer recorded net sales of $274 billion from its U.S. operations. During the same period, Walmart garnered net sales of $135 billion from its international operations. Technological changes including advancements in information and communication technology have played a monumental role in Walmart’s success.

Walmart has been a pioneer in embracing technology. In 1987, the company installed the largest private satellite communication system in the United States (Walmart, 2014). The system enabled the retailer to link its business operations through voice, data as well as video communication. The company uses robots in its warehouses to improve efficiency and reduce costs. The retailer is also introducing convertible cash registers at its stores to enable self-checkout by customers. Walmart relies heavily on information technology in its back office support functions.

Walmart recognizes the importance of the rapidly expanding e-commerce market and has invested heavily to build strong capabilities in online and mobile infrastructure. A strong web presence is likely to enable Walmart offer a wide assortment of products to its customers anytime, anywhere. An upgraded search engine for walmart.com has already led to increased online sales for the retailer. The various macro environmental dimensions like political, economic, social, technological, environmental and legal factors affect the working of Walmart.

The ideology of the government determines whether it is pro or anti business. Since Walmart is present in numerous countries, it faces diverse political circumstances. Political instability in any country has the potency to adversely affect the operations and revenues of Walmart. The retailer has to ensure

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Strategic Management and Strategic Competitiveness Assignment - 5”, n.d.)
Strategic Management and Strategic Competitiveness Assignment - 5. Retrieved from https://studentshare.org/business/1639705-strategic-management-and-strategic-competitiveness
(Strategic Management and Strategic Competitiveness Assignment - 5)
Strategic Management and Strategic Competitiveness Assignment - 5. https://studentshare.org/business/1639705-strategic-management-and-strategic-competitiveness.
“Strategic Management and Strategic Competitiveness Assignment - 5”, n.d. https://studentshare.org/business/1639705-strategic-management-and-strategic-competitiveness.
  • Cited: 0 times

CHECK THESE SAMPLES OF Strategic Management and Strategic Competitiveness

Hospitality and Tourism Strategic Planning

The above perspective has been thoroughly examined by theorists and researchers working on the strategic management field.... Hospitality and Tourism strategic Planning – Virgin Atlantic Table of contents 1.... hellip; strategic options for Virgin Atlantic in the Britain travel industry 7 3.... strategic theories available to the organization 7 3.... strategic options most appropriate for Virgin Atlantic 13 3....
15 Pages (3750 words) Essay

Strategic Management of Marstons Plc Company

This is postulated to be aided by raising return to capital across the entire group's operations (Marston's, nd, para 1-5) strategic management refers to the analysis of major initiatives and programs undertaken by the management of a company on behalf of the entrepreneurs revolving the effective use of resources as well as general performance... However, there is the need to evaluate the strategic plans that the company has in place in regulating and propelling its operations (Global Data company, 2013, para 1)....
5 Pages (1250 words) Essay

Advanced Strategic Management Issues

This is because consumers have the capacity to determine its competitiveness through acceptance of its products.... Such organizations fail even having This essay is a critical evaluation of an organization facing a problem associated with a strategic issue.... The management had to be strengthened....
10 Pages (2500 words) Essay

Strategic Management and Planning

strategic management and planning is the process of developing an approach for managing a business and using this approach to enhance the accomplishment of business goals.... It is usually aimed at accomplishing and preserving competitiveness in a business.... An author of this essay will reveal management strategies and plans of a particular business, including The Four Functions of Management, Company Mission & Social Responsibility, External Environment, Internal Analysis, strategic Analysis & Choice and other....
4 Pages (1000 words) Essay

Strategy in the World Package Delivery Business

References Chapter 2: Operations Strategy and competitiveness.... In this regard, UPS could plan to opening small branches in strategic locations to enable faster and more reliable services in areas where both FedEx and DHL operates.... Essentials of contemporary management....
1 Pages (250 words) Essay

How Well Is the Company Prepared to Compete

2005, strategic management.... strategic and Competitive Analysis, Pearson Education International.... First, the tastes of the customers are unique and diverse and therefore, it is not possible to cater for all tastes and preferences in the market, inefficient production which do not meet the requirements of the market, incompetent management of sales staff which leads to decrease in the amount of sales, inefficient marketing spread, badly managed products and marketing in the traveler segment....
2 Pages (500 words) Essay

Planning Manager in Strategic Management

Also, implementing suitable strategic decisions and employing a proper strategic management and control in the business would ensure that the bakery house is enabled to meet the set objectives and goals for the business with respect to its operational, financial and other functional aspects.... The strategic management process encompasses devising and incorporating the objectives and goals of the company with respect to the proper consideration of the available resources and capabilities in the business and by carefully assessing the internal as well as the external environment pertinent to the business....
19 Pages (4750 words) Essay

Strategic Management of Fortescue in Australia

The organization should also be conscious of the management and ensure that it is very competent.... These issues include workforce immobility, protection of public reputation, and the constant speculation that the mining industry boom was strategic management; EXECUTIVE SUMMARY COMMUNICATIONS AND MEDIA 27TH MAY, EXECUTIVE SUMMARY Fortescue is a startup business in Australia that was launched with the main objective of capitalizing in the thriving mining industry in the country....
2 Pages (500 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us