Strategic Management of Walmart

STRATEGIC
MANAGEMENT

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Background of the company........................................................................................................3
Industry structure, market position, country markets and size....................................................4
Innovation and strategic innovation.............................................................................................5
CSR (corporate social responsibility)..........................................................................................6
Governance and ethics.................................................................................................................7
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................9

INTRODUCTION
Strategic management is very necessary task for any business or venture in market place.
Basically, proper strategic management always provides an excellent return to different
businesses in the market place. Currently most business in across the world has focused on hiring
different people or employees within their workplace who have excellent knowledge about how
to manage different strategies in the business environment (Wooldridge and Cowden, 2020).
This report discusses strategic management aspect of Walmart. This is the most popular and
highly reputed American retail business, headquartered in Arkansas, United States. This has
highly succeeded in expanding its business operations in different countries. This report
discusses industry structure, country market and size and market position of the Walmart.
Different aspects of Walmart like; Innovation and strategic innovation, governance and ethics
and CSR also has been discussed in this report.
MAIN BODY
Background of the company
Walmart, this is a very big name in the retail industry right now. This is an American
giant retail venture or company which currently has served its different retail products and
services in many countries across the world. The company basically founded 58 years ago in
year 1962 by Sam Walton. From establishment to date, upper management of this company has
fully focused on highly expanding its business operation in the international retail sector. That’s
why currently this business leads the global retail sector or industry. Currently this company
serves in 27 countries including United States, Japan, United Kingdom, Mexico, Chile, Canada
and South Africa etc. with over 11500 stores and supermarkets. Nowadays this retail venture has
the workforce of 2.2 million effective employees in across the world. In these all employees, 1.5
million employees are working only in its United States’ operations.
These statistics are enough to show that, how widely this company has expanded its
business operations. There are clothing groceries, footwear, toys, health and beauty and
electronics some key products of Walmart (Wan, Jin and Sui, 2019). Nowadays, Doug McMillon
is the president and CEO (chief executive officer) and Greg Penner is the chairman of this giant