Importance Of Globalization In Business Assignment

[Type the company name]
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Executive Summary
Globalization in business is very much important in today's challenging
world. For achieving this business globalization, organizations are
adopting various advanced ways that can help them to achieve their long
term goals. Organizations are searching for many effective ways of
growing their businesses. In this assignment, we have done the case
study about the value of the chain of Wal-Mart. Here we need to analyse
the Ackoff pyramid which shows the hierarchy of data. We need to
observe and analyse this data pyramid and by considering this we need to
prepare the report for globalizing this Walmart business (Osterndorf,
2015). For all types of data either the data is big or small, it can be smart
data or fast data, slow or any kind it doesn't matter at all. This model is
considered to be the hierarchical model and known as the DIKW model.
Here in this model
1. Data is the base for doing all the transaction processing systems.
2. In an information management system, information is important.
3. For helping in decision making knowledge is used.
4. For supporting the expert system, wisdom is the key.
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Introduction
This assignment is related to the value chain of Walmart. We need to
analyze the Ackoff pyramid here. Depending on that pyramid or the
hierarchy of data we need to elaborate on the primary and secondary
activities as well as sub-activities. Here we are going to make the report
which is going to present in front of the CEO and manager of the company
so that it will help them to make quick decisions regarding the
complicated situations. Also, data transmission will be done efficiently
(Michael, 2011). For managing data, the information system professionals
use tools. Here, at this point, we observe the method that shows the
significance and gives important results quickly. Data management is one
of the complex but important works to do. If we talk about this pyramid
then the base of this pyramid depends on the data. In the year 1981, the
information system Russell Ackoff designed this hierarchy of data. The
observations which we do will be the base of our pyramid. Above the data,
there exists the information, as the information is the proper arrangement
of data. After the Second World War, the war continued and retail
discounts increased. Walton first introduced Wal-Mart in 2017. The
business believes in the quality and delivery of premium products and
excellent service. Walmart was built to grow in a town. It has a reputation
not only for being a family-friendly company. The area is extensive and
includes home clothing, toys, lawns, gardens, health care, beauty,
household appliances, furniture, crafts, jewelry, pharmaceuticals,
electronics, appliances, etc. Company strategy is primarily to increase
discounts, connect customers and employees & ensure the quality of
consumer products. By organizing and attracting products, they present
themselves. Development is booming. The company shifted its strategy
from one city to another, and then to states, especially the southeast and
southwest.
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As the project development phase begins, rapid development and
continuous development are needed. Knowledge will be the next layer
where the important factor like the transmission of information into the
instructions and transmission of these instructions among the entities was
discussed. Understanding lies above knowledge. Which shows the error
correction abilities? Searching the causes of the errors and required
changes. At the very top Wisdom is there. According to Ackoff definition of
wisdom is "the difference between increasing efficiency and increasing
effectiveness." DIKW is the abbreviation used for the pyramid which is
Data Information Knowledge and Wisdom. The best way to develop a plan
is to gather significant data and repetitive modifications done as per
requirement.
Value Chain of Walt mart
Logistics Inbound information
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