Strategic Planning Analysis and Recommendations for Walmart Inc.

This report provides a comprehensive analysis of Walmart's strategic planning, examining the issues encountered during strategy implementation, the strategic changes made, and recommendations for future improvements. The report identifies key challenges such as weak strategies, lack of communication, resource limitations, and resistance to change. It highlights the strategic shift towards cost leadership and its impact on market share. Furthermore, the report suggests recommendations for Walmart, including establishing robust support structures, improving internal communication, and investing in employee training programs to enhance skills and adaptability. The findings aim to provide insights into Walmart's strategic approach and offer actionable strategies for sustained growth and competitiveness within the retail industry.

Strategic Planning

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Issues faced by the organisation while implementing the strategy in the business:...................1
Strategic change for the business of Walmart Inc.:.....................................................................2
Recommendations:......................................................................................................................2
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................5
.........................................................................................................................................................5

INTRODUCTION
Strategy in the business serves as a backbone for the execution of activities in the
business. The term strategy is concerned with all the tactical course of action which drives the
organisation towards the growth and profitability. Strategic planning is the organisation process
in which the determining of strategy, direction and decision regarding the allocation of the
resources to pursue the strategy is done(Albrechts, 2013). In this report the chosen association is
the Walmart stores which is one of the largest retail stores deals in providing wide range of the
products to the customers with the better quality and standards. The reports covers the study
about the measured issues which were faced during the implementation of the strategy in the
business. Apart from this it also considers the measure strategic changes and recommendation
that the organisation must consider in order to sustain the business in the competitive era.
MAIN BODY
Issues faced by the organisation while implementing the strategy in the business:
Implementation of the strategy in the business is necessary as these strategies are the one
which supports the business in gaining a successful position and a competitive advantage. When
the business fails to attain the position which they have expected to achieve through the
execution of the strategy than the implemented strategy is termed to be the unsound or
inaccurate. The issues of faulty strategy execution in the business limits the growth level of the
organisation, their competitiveness, adaptability(Arasa and Obonyo, 2012). Successful strategic
planning and its implementation in the business is needed by every organisation as the level of
the success of the organisation is entirely dependent on the strategy implementation. Below
mentioned are the measures which an organisation's has to deal with while implementing the
strategies. The issues which are faced by the Walmart Inc. are :
The problem of Weak strategy: The company like Walmart Inc. has to undergo a
problem that is formulation of the Weak strategy due to the less efforts and knowledge of the
higher authorities. While applying this weak strategy which have been formulated without any
market research may lead the business of Walmart Inc. to suffer from the loss of implementing
the strategy of Cost leadership in the business(Wolf and Floyd, 2017). If the strategy which have
been developed by the association is not known to the employees working in the business or it is
difficult for them to understand this strategy which is very complex than the business may face
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issues in its implementation as the complex strategy take more and more time in their execution
and may not be easier for the others to get understood.
Lack of communication: The term communication plays a vital role while employing
the strategies in the business. Lack of communication about what the strategy is and how to
implement this strategy in such a manner so that the goal and objectives of the Walmart Inc. Can
be achieved within a shorter period of time may create a problem in front of the management in
applying the strategy in the business. The business of Walmart Inc. must established a culture of
the transparent communication among the employer and employee's of the organisation for
successful implementation of the strategies(Daley, 2012).
Lack of resources : Proper and appropriate availability of resources must be there in the
business of the Walmart Inc. while implementing the strategy . If the resources are scarce and are
not available in the sufficient manner than the business may have to ave the problem in
employing the strategies in the business with the help of their employees.
Resistance to change : This is the huge problem which have been faced by the Walmart
Inc. in implementing the strategies as the employees working within the company are not more
curious to work with the new strategy and resist to change so this may turn as a disadvantage for
the business. Frequent changes in the business strategy may also bring ineffectiveness in the
employees and may cause problem while implementing the strategy in the organisation.
Thus, above mention are the issues which are faced by the Walmart Inc. In implementing the
strategies which can lead the business to a higher level(Albrechts, 2015).
Strategic change for the business of Walmart Inc.:
The strategic change for the business of Walmart Inc. is the successful implementation of
the strategy of Cost Leadership where the business have decided to sell their products at the low
cost so that the association can easily capture the customer's mind and cover the large market
share. The strategy of low prices have also supported the business in determining what is the
value of the product to the customer and what are the prices which they are ready to pay for the
products in order to satisfy their needs.
Recommendations:
There are the various measures which the Walmart Inc. must consider in enhancing the business
and its growth. These measures are :
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 The business of Walmart Inc. must focus on the implementation of the support structure
where they must look on all the aspects and factors of the business from the allotment of
the resources to the placement of the right person at the right place so that the business
can manage their activities and can manage their strategy implementation process
significantly(Cafaro and Grossmann, 2014).
 The business must focus on the establishment of proper channel for the communication
within the business so that the employees within the company can communicate with
their employers regarding each and every perspectives of the business their strategies so
that they can apply the strategies within the company in the best possible manner.
 The business must give emphasis on the incorporation of the proper learning and training
programmes for their employees so that the employees can develop their skills and can
overcome their resistance to change so that they can easily implement their
strategies(Weigand and et. al., 2014).
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CONCLUSION
From the above mentioned report this can be summarised that there are various issues
which has arise while implementing the strategy in the business. Along with it, effective
measures have also been taken into consideration so that the business can successfully
implement the strategies in their business and can achieve a growth in the competitive market.
Apart from this some strategic change have also been established in the business inn order to
sustain their profitability.
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REFERENCES
Books and Journals
Albrechts, L., 2013. Reframing strategic spatial planning by using a coproduction perspective.
Planning theory. 12(1). pp.46-63.
Arasa, R. and Obonyo, P. K., 2012. The relationship between strategic planning and firm
performance.
Wolf, C. and Floyd, S. W., 2017. Strategic planning research: Toward a theory-driven agenda.
Journal of Management. 43(6). pp.1754-1788.
Daley, D. M., 2012. Strategic human resources management. Public Personnel Management.
pp.120-125.
Albrechts, L., 2015. Ingredients for a more radical strategic spatial planning. Environment and
Planning B: Planning and Design. 42(3). pp.510-525.
Cafaro, D. C. and Grossmann, I. E., 2014. Strategic planning, design, and development of the
shale gas supply chain network. AIChE Journal. 60(6). pp.2122-2142.
Weigand, K., and et. al., 2014. Collaborative foresight: Complementing long-horizon strategic
planning. Technological Forecasting and Social Change. 85. pp.134-152.
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