Report on Business Strategy of Walmarts
Added on 2019-12-04
8 Pages2287 Words158 Views
Business Strategy
TABLE OF CONTENTSINTRODUCTION................................................................................................................................3M1, M2 AND M3.................................................................................................................................3Impact of Government regulations, interest rates, inflation and demographics (external factors)Walmart Organization in UK...........................................................................................................3Tools such Porters Five Forces to explain how Walmart organisation might respond to thesefactors...............................................................................................................................................4D1 AND M1.........................................................................................................................................4Critical evaluation of use of the PESTLE framework as a tool of environmental audit.................4D2 AND M2.........................................................................................................................................5Information could be derived from Walmart's annual report...........................................................5Organisational audit. INTERNAL (SWOT) Analysis.....................................................................5Opportunities for Walmart (External Forces):..............................................................................6Recommendation to Walmart to respond strategically to current changes in its businessenvironment.....................................................................................................................................6CONCLUSION....................................................................................................................................6REFERENCES.....................................................................................................................................8
INTRODUCTIONBusiness strategies are a set of certain rules and regulations designed and implemented bycompany's senior management level. They are necessary for effective management as it providesguidelines and specific directions which are needed to achieve organizations goals and objectives.The policies and rules incorporated are not stable throughout the functioning. They are changed andmodified according to the company's demand and requirements (Basili, Heidrich and Trendowicz,2014). Different methods for data planning, data analysis and input tools are adopted for betterstrategic management in a business organization. It further aids in making proper decisions forprogress of company in an organization.M1, M2 AND M3Impact of Government regulations, interest rates, inflation and demographics (external factors)Walmart Organization in UKWalmart's outside environment or macro-environment includes components that influencethe company’s growth and development. These factors are best explained through the PESTELanalysis theory (Shoham and Paun, 2015).Political factors:Political stability attainmentgovernmental assistance for economic processpolitical pressure level for higher pay-offEconomic factors:Steadiness of leading economic systemsContinued growth of non-industrial countries Depreciating in unemployment in the UKSocial factors:Standard mode of livingEthnic diversity (Zaefarian, Henneberg and Naudé, 2013).Technological factors:Up-liftmen in technological process and machinesAnalytical processing of dataIncreased use of mobile accessories among customers.Environmental factors:Improved business policies Environmental friendly goodsLegal factors:
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