Report on Strategic Management and Leadership of Walmart
Added on 2020-05-04
17 Pages5810 Words165 Views
Business DevelopmentFinanceLeadership ManagementProfessional DevelopmentNutrition and WellnessPolitical Science
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Running head: Strategic management and leadership Strategic management and leadership
Strategic management and leadership Table of ContentsIntroduction.................................................................................................................................................3External and market environment of the Walmart.......................................................................................3SWOT analysis of Walmart.........................................................................................................................6Human and financial resources and core competencies of the organization................................................7Organizational structure of the Walmart....................................................................................................10Future challenges of the Walmart and strategies to resolve these issues....................................................12Conclusion.................................................................................................................................................13References.................................................................................................................................................152
Strategic management and leadership Introduction The report talks about the business activities and operations of the Walmart. It explains that how the company is overcoming on the competitors in the market. It explains the external environment of the firm and it also describes that how macro environment influences the successand growth of the firm negatively. Apart from this, the paper explains the financial and human resources of the Walmart. It outlines that how the core competencies and core values are important for the firm to attain the long-term mission and vision of the organization. In addition, it describes the organizational structure of the company to gain sustainability in the organization.It tells that how the Walmart has become a global leader in the retail industry around the world. Walmart is an American multinational retailing company which operates and manages as a chain of discount department stores, hypermarkets, and grocery stores with headquartered is located in Bentonville, Arkansas. The company was founded in 1962 by Sam Walton and it was incorporated on 31st October 1969. The firm operates and manages under the name Walmart in the Canada and United States. The company is one of the biggest companies in the world by revenue and profit. The firm invests money in outside North America to get the better results andoutcomes (Michelson, 2013). In today’s era, Wal-Mart is becoming a player with maintaining sustainability within the organization. It provides great employment opportunities to the employees. External and market environment of the Walmart The growth and success of the organization are influenced by the external environment and market of the country. External environment consists various factors which cannot be controlled and managed by the company. These factors include the following: Political factors: The sales and revenue of the Walmart can be affected by the various political factors. The government can change and modify rules and regulations at any time which can affect the company growth and success of the firm (Sánchez, 2013). Economic factors: Economic factors are also the part of the external environment which affects the business of the company negatively. Market inflation also affects the business activities and 3
Strategic management and leadership operations of the firm. It also affects the performance and efficiency of the company. Further, thepurchasing power of customers depends on the economic condition of the country. After the various researchers, it has been evaluated that economic factors both internationally, as well as domestically, might affect the financial performance and effectiveness of the Walmart. In addition, higher interest rate, energy cost, inflation, unemployment rate, and changes in the tax law and regulations can affect the success and growth of the firm. Along with this, foreign exchange rate, higher transportation cost, and other economic elements could also affect the business operations of the firm (Marcilla, 2014). Technological factors: Generally, e-commerce and internet affect the overall performance of thecompany. As a result, the company is able to introduce and launch its online stores which can help to the company for maintaining a good relationship with customers in the global market. Through e-commerce and internet, the company is able to maintain a proper and regular connection with buyers and sellers. Social factors: There are various social factors existed in the external environment which can influence the business activities of the Walmart. Therefore, the firm participates in social activities to build and develop a good relationship between the society and clients as well (Lombardo, 2017). Environmental factors: The Company sells the products and services with maintaining good quality. The firm ensures that products and services are not harmful to the customers in the market. The organization has also introduced an effective and unique waste management system that main aim to reduce the pollutions and provide a neat and clean environment to the public forthe future. The waste system is built and developed to reduce and prevent the various mistakes and obstacles within the organization. Legal factors: The legal rules and regulations also affect the growth and progress of the firm. The company is trying to do work for client’s welfare and it also wants to make a good image in the global market (Fernie, Fernie, and Moore, 2015). Market competition: Market competition is a big concern and it affects the objectives and goalsof the firm. The firm needs to evaluate and analyze the plans, policies, strategies of the competitors in order to determine the long-term success and growth of the firm. In this way, 4
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