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Principles of Business

Please provide assistance with the following task. I have chosen a company, but am not too sure how to go about the task asked of me.

Today's business organization is quite dynamic. As companies become more global because of advanced technologies, developing a general profile to help constituents understand what the company produces is imperative and part of competitive advantage.

Task: You are the operations manager of your favorite company. Choose a company from the following Web site: http://money.cnn.com/magazines/fortune/fortune500/2010/

Chosen Company: Walmart.

You have a meeting with the marketing department in a few days, and you have decided to really examine where you are in the market place. You are getting ready to meet with your staff to start brainstorming ideas about your company before the marketing meeting. This requires that you study your company's website and industry. To prepare for the meeting, you research both the company's website and the following industry sites:

-The North American Industry Classification System: http://www.census.gov/eos/www/naics/
- The Global Industry Classification Standard: http://www.mscibarra.com/products/indices/gics/

- What is your company's mission statement? Does the mission statement incorporate its brands or industry into the mission statement?

Solution Preview

Consider Walmart being classified as 452112 - Discount Department Stores. Lowest Price Always is the theme behind the Walmart business model. Because the mission of Walmart is stated as ""We save people money so they can live better."(Walmart Corporation).

Does the mission statement incorporate its brands or industry into ...

Solution Summary

The solution discusses the principles of business.