logo

Strategic Management Assignment - Walmart

   

Added on  2020-10-22

19 Pages5489 Words476 Views
Strategic Management

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Strategic directions followed by Walmart in past and development of strategic thinking ....1TASK 2............................................................................................................................................4External environment analysis .............................................................................................4Company's competitive advantage among its direct competitors...........................................6Porter five force model......................................................................................................6Probable industry scenarios facing the company ..................................................................6TASK 3............................................................................................................................................7Company Strategic Drift.........................................................................................................7Phase 4: Transformation change .....................................................................................................8Alignment of mission and Vision statement to demand of market place...............................8Company strategic capabilities...............................................................................................9Business Canvas Model for determining rationale and core logic of company's value creation..............................................................................................................................................10TASK 4..........................................................................................................................................11Possible strategies that the company could follow to defend its core business....................11TASK 5..........................................................................................................................................13Evaluation of Resource implications of recommendations that the company has to address13CONCLUSION..............................................................................................................................14REFERENCES..............................................................................................................................15

INTRODUCTIONStrategic management involves formulation and implementation of various importantgoals and initiatives taken by the top management of organisation on behalf of owners. It isusually based on consideration of resources and assessment of internal and external environmentof company. It provides overall direction to business enterprise and involves specificationorganisation's objectives. Present report is based on analysis of Walmart that is American multinational retailcorporate that operates a chain of supermarket, discount departmental stores and grocery stores.Strategic direction which is followed by company in past 5 years is discussed along with theways to develop strategic thinking . PESTLE Analysis Model is also used to review externalenvironment of Walmart (Chernev, 2012). In addition to this, Porter's Generic Strategy Model is used for critical discussion ofWalmart's competitive advantages among its direct competitors. Further, strategic capabilitiesof company in retail sector is also discussed with Business Canvas model to portray and explainrationale and core logic behind how Walmart creates, delivers and captures value in retail sector.At last, possible strategies that company could follow to defend its core business is alsodiscussed along with evaluation of resources implications of recommendations provide toorganisation.TASK 1Strategic directions followed by Walmart in past and development of strategic thinking In competitive business scenario, organisation needs to adopt a strategic direction forsustaining business innovation and construction of various important features that helps incompletion of business operations. Walmart Inc. is analysed as largest retailer in the world interms of revenues and number of employees worldwide. Company has become leading retailbusiness enterprise of the world. With the top position in retail sector, WalMart's annualrevenues have also exceeded $485 billion in financial year ending 2015. Moreover, success oforganisation is depend on the effective application of strategies to reach company's vision andmission. Walmart's generic strategy and intensive strategy are based and aligned with its visionand mission statements. Thus, corporate strategic directions, mission, generic strategies for

competitive advantages and intensive growth strategies are considered as contributing factorstowards the success of organisation. 2

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Strategic Management of Tesco plc: Analysis and Evaluation
|17
|5246
|488

Strategic Management - IKEA
|16
|5354
|78

Strategic Management of Vodafone Malta
|17
|5064
|493

Strategic Management - Marks and Spencer
|17
|5274
|158

Strategic Management of DELL
|15
|4056
|250

Strategic Management Tesco Introduction 3 Task 2 5 PESTLE Analysis 5 The Threat of Substitute Products and Services 8 The threat of substitute products and services 8 The threat of entrrrors 8 The thr
|24
|5479
|344