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ETHICS AND LAWS WITHIN YOUR DIGITAL PLANNING OF WAL-MART STORES INC. KSA 9

   

Added on  2020-05-04

16 Pages3669 Words68 Views
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Table of Contents1.INTRODUCTION ABOUT WAL-MART STORES IN........................................................32. APPLICABLE MANAGERIAL FUNCTIONS...................................................................53. PROBABLE STAKEHOLDERS....................................................................................64. DIFFERENT TYPES OF PLANNING............................................................................75. SMART COMPONENTS IN GOAL SETTING OF WAL-MART STORES INC.....................86. STRATEGIC MANAGEMENT PROCESS OF WAL-MART STORES INC. KSA..................97. THE FUNCTIONS OF ORGANIZATIONAL CULTURE IN WAL-MART STORES INC. KSA.................................................................................................................................108. ETHICS AND LAWS WITHIN YOUR DISNEY LAND...................................................12CONCLUSION............................................................................................................13

1.INTRODUCTION ABOUT WAL-MART STORES INWal-Mart is an American multinational discounted supermarket chain that was founded by Sam Walton in 1962.The store currently has 11,695 stores distributed in 28 countries around the world. The company doubles up as the world’s richest company and largest employer with 2.3 million employees and its revenue approximated at $480. It is also the largest retail chain in the world. It is a family owned business controlled by the family of Walton. Some of the main divisions of the global giant include Wal-mart US, Wal-mart Supercenter and Wal-Mart discountStores. The company has branches in countries such as Argentina, Latin America, Brazil, Chile Central America, Canada, United Kingdom, Africa and Asia (Chiu, 2017). The success of the company has been partly because of effective use of strategies aimed at reaching the company’s mission and vision. The company’s generic and intensive strategies are founded on the mission statement and vision statement of the company. The main factors for the company’s success havetherefore been the incorporation of its vision statement, mission statement, competitive advantage generic strategy, and strategy for intensive growth. However, the international journeyof the company has not come without challenges, for example in 2006 the company was forced to close its doors in Germany after making loses estimated at €3 billion (Gilling and Ulmer, 2016.)PRODUCTS AND SERVICES The retail chain offers a wide range of products and services in all its stores across the worldProducts The Company offers various categories of retail goods including computers and laptops, digital cameras, jewelry, books, printers, mp3 players, sporting goods, grocery items, movies and baby products, toys and video games, health and beauty products , electronics and office equipment ,

clothing and shoes, auto and tires, food and household products , home furniture and appliances(Chiu, 2017). Services The company also offers different types of services including photo lab services in their stores and online, financial services including bill payments check cashing, credit cards, debit cards, money transfer, check printing as well as store credit cards. It also offers wireless phone services such as Wal-Mart Family Talk Wireless service in partnership with T-Mobile service provider and pharmacy services (Chiu, 2017).Business statement Making people live better by saving them money Business vision To be the best retailer in the minds and hearts of employees and consumersBusiness ObjectivesDeveloping and executing an international e-commerce strategy Having accessible stores available to address consumer needs Accelerating growth of a global online channel 2. APPLICABLE MANAGERIAL FUNCTIONSAn effective penetration strategy will require the application of managerial functions Planning Planning is the basic management function and involves identification of a goal and determination of the most appropriate strategy for reaching that goal. It will be important to decide in advance what goals will be met by penetrating into KSA to facilitate the adoption of

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