Wal-Mart Strategic Audit - 1791 Words

Wal-Mart Stores, Inc.: Under Attack (2006) Strategic Audit By Jessica Brown Sue Dobbs Elaine Edwards Catherine Oden Wal-Mart Current Strategies Offering products at everyday low prices is one of Wal-Mart’s many strategies. The company value chain helps identify activities associated with how Wal-Mart achieves their many strategies. First, Wal-Mart’s supply chain management is extremely cost effective. For example, Wal-Mart has been known to imitate competition’s successful merchandising concepts. Another cost-effective method in Wal-Mart’s supply chain management is their ability to track the movement of products through the entire value chain. Whether the product is in shipment, in distribution center inventory, in-store†¦show more content†¦Strategic Evaluation of Alternatives Higher Margin Target Market Wal-Mart has always had a smaller margin 30%, compared with Target at 45%, on discretionary items, like furniture, electronics, sporting goods, entertainment and apparel. Wal-Mart can attract the style conscious consumer a few different ways. One way is by offering high-quality clothing items. This can be done by scouting out up and coming high-end designers at fashion/art schools and working with them to design clothing lines that would appeal to not only the Wal-Mart shoppers but also the urban market consumers to bring in more upscale customers and wider profit margins. Styles and variations can be done by target marketing, by age, income, lifestyles. Then pricing structures and marketing methods can be set up for each dominant market. The pros for this strategy are simple, profit and a diversity among the consumers; attracting a different kind of customer. By attracting this target market you open the door to more crowded stores, possible price increases, and thereby you may find the original Wal-mart consumer shopping elsewhere. Unionization By using a functional strategy to implement unionization, Wal-Mart’s perceived image would change dramatically. They would be viewed publicly as a caring employer that wants to offer the best benefits to its associates,Show MoreRelatedWalmarts Success Driven by Control Mechanisms1194 Words   |  5 PagesControl mechanisms are used by organizations to help standardize processes which contribute to overall company goals. Wal-Mart is a large business working to meet the needs of its customers, employees and suppliers by incorporating controls; controls consists of market control, clan control, manager audits, and performance standards. Each control is significant to effectively thrive in the business world; additionally, increasing customer, employee and supplier confidence. The effectiveness of eachRead MoreWal Mart As A Research Organization883 Words   |  4 Pagesselect Wal-Mart as a research organization. Wal-Mart was initiated by Sam Walton in 1962. In addition, this is an American multinational retail corporation that runs chains of large discount department stores and warehouse stores in approximately 27 countries. Moreover, the organization operates its business throughout e-commerce websites in around 10 countries and in every week about 245 million customers visits these sites. Furthermore, as per the Fortune Global 500 list, in 2013, Wal-Mart was theRead MoreInternal and External Factors1610 Words   |  7 Pagesexternal factors affect the four functions of management in the Wal-Mart Corporation. For any organization to survive, irrespective of its size, it must develop and implement its own management concept. Management is the process of working with people and resources to accomplish organizational goals (Bateman amp; Snell, 2011). The four traditional functions of management include planning, organizing, leading, and controlling. The Wal-Mart Corporation has managed to use the internal and external factorsRead MoreWalmarts Reputati on1415 Words   |  6 PagesThe culture and organizational behavior of Wal-Mart has many consumers questioning the integrity of the company. Wal-Mart has seen itself in some of the nations largest suits. Wal-Mart has been harshly criticized in the public eye for over a decade now. The companies brand is a stake and Wal-Mart is fighting to change their reputation it day in and day out. It appears that Wal-Mart grew too big too fast and never planned on this rapid growth. They were not prepared for what the growth entailedRead MoreWal-Mart and Human Resource Management2775 Words   |  12 PagesHuman Resources and Wal-mart Penicia Rooks MGT490 Strategic Human Resources Planning Instructor Stepheny Finnie February 6th, 2012 Human Resources and Wal-mart Wal-mart is the number one retail store in the U.S. and was founded by Sam Walton in 1962. Wal-mart has expanded to include the U.S., Mexico, Puerto Rico, Canada, Argentina, Brazil, China, and various other places. In 1988, Wal-mart developed the Supercenter concept to meet the growing demand for one stop family shoppingRead MoreThe Organization Structure of Walmart1240 Words   |  5 PagesOrganization structure of Wal-Mart Introduction The Wal-Mart was founded by Sam Walton in 1962 in 719 Walnut Avenue in Rogers, Arkansas. Today there are 706 stores that are running in the USA offering competitive prices and good shopping experience to millions of Americans across the USA. The size of and average store, according to Wal-Mart Corporate (2011a) is 108,000 square feet and has an employee base of about 225 people. Wal-Mart is said to have one of the most efficient merchandise replenishmentRead MoreHow Technology And Globalization Have Enhanced Business Operations And Decision Making1381 Words   |  6 Pages2012). The analysis is essential in helping other organizations in obtaining essential information that support a competitive advantage. Consequently, the competitive advantage can be used to make substantial contributions that are essential in strategic competitiveness and lead to above average earnings. The global economy is characterized with turbulent, complex and abnormal changes that have contributed to the rapid growth of major economies. This change is referred to as the transformationalRead MoreCase Analysis - Sears1700 Words   |  7 Pagesincluded in the required assignment page length. The specific course learning outcomes associated with this assignment are: * Explain the concepts and models of the strategic management process, including strategy formulation, implementation, and evaluation. * Conduct an industry analysis (external audit) and an internal audit of an organization, and present the results using various matrices and analysis tools. * Use technology and information resources to research issues in business policyRead MoreThe Integrated Model1658 Words   |  7 Pagesfinancially influenced will be focused on achieving priorities based on meeting budget needs, but a company can be quality driven where they would like to achieve quality goals over cost objectives. Six Sigma is followed by many firms to become strategic partners. The philosophy is used to measure supplier quality which focuses on defects as a standard metric, provision of employee training, and the reduction of non-value added activities. The lead time is important because it affects the flexibilityRead MoreWal-Mart: Strategic Management11571 Words   |  47 PagesWal-Mart: Strategic Management An in depth analysis of Wal-Mart and its global strategic management and electronic distribution Analysis for Business Policy: Strategic Management. Instructor: Dr. M. Reitzel, DeVry University, February 2007, Austin, TX. Members of the Team: Marcus Bedford Jon Cable Wayne Oulicky Constince Sanchez Table of Contents: Executive Summary.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.2 Problem Statement †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...2 Situational Description and Strategic Analyses †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦