In regards to Walmart, how has it done with obtaining external opportunities and using its strengths to take care of outside threats? How has Walmart's weaknesses led to a failure in taking opportunities and increasing threats? Has Walmart met its vision and mission by taking care of these external opportunities and exogenous threats?© BrainMass Inc. brainmass.com October 25, 2018, 5:48 am ad1c9bdddf
How well Wal-Mart has done in seizing upon external opportunities and handled outside threats by leveraging its strengths:
Wal-Mart has been able to build on their internal strengths in order to take advantage of external opportunities that have presented themselves. Wal-Mart has been able to use its strong growth and high revenues to exploit opportunities in Asian countries such as China where the big store recently opened shop to exploit the untapped market with big population based (Gereffi and Ong, 2010). It has also used its strength of big a low priced seller to appeal to a newer customer base that were affected by the 2008/2009 recession. The U.S market has in the past two years recorded a trend towards cheaper affordable products due tightening budgets, and Wal-Mart's low cost strategy has made in number one in fully exploiting this opportunity.
Numerous private brands are often sold in the stores and with the closing down of some business due to the recession have seen Wal-Mart acquire newer stronger brands into its stores thereby growing customer base. It is also using it high tech information technology tools exploit new market developments in various locations thereby analyzing the viability of expanding to these regions. Its wide array of stores dealing with a wide array of goods also gives it leverage when they want to diversify their stores either into mall based sites, or large superstores in order to up its competitive game in the market. It has also used its information technology to enhance and advance internet shopping which has been growing radically over the past few years since the new millennium (Research and Markets, 2011).
Wal-Mart has also been able to leverage its strengths ion dealing with various threats that the company ...
The solution discusses strategic management in particular strategic choices of wal-mart.
Strategic Management Topics Relating to Walmart
1. We are going to have discussions on strategic management topics, as they apply to companies.
For this assignment, we will focus on Wal-Mart, the retailer giant. As you research Wal-Mart, you may want to compare and contrast that company with the others you have read about.
Please visit the Wal-Mart site, and identify their mission and vision, as well as their major stakeholders. (Please note that the stakeholders aren't just the shareholders. The stakeholders include everyone who is affected by the success or failure of the company.)
Please analyze how Wal-Mart represents and advances the goals of its stakeholders. Note: We are interested in your thoughts on this topic. Though you will want to consult some websites or other resources, please do not cut-and-paste material directly from those resources.
2. External analysis enables companies to identify threats and opportunities. Threats are conditions that preclude companies from functioning and making profits. Opportunities are conditions which enable companies to make profits.
The Five Forces model by Porter is a very useful framework utilized to perform industry analysis.
Let us continue with Wal-Mart. Discuss the external environment for Wal-Mart, at all levels, such as macro environment, global, and industry.
3. Briefly assess the internal environment at Wal-Mart. Try to fully assess just one internal strength or weakness, and explain how it impacts an external opportunity or threat.
4. Analyze Wal-Mart's strategic choices at the business, functional, corporate and global levels. Choose one strategic choice, and identify which level it addresses. Later on in the discussion, consider whether the strategic choices are in sync with their generic strategy as described by Porter.
5. In order to implement a strategic choice, organizations use structures, control systems, HR policies, culture. Let us revisit Wal-Mart and analyze how they implement the strategies they currently pursue. Again, choose one implementation tactic, identify whether it concerns structure, controls, HR, or culture and whether or not you think it positively supports their strategy at the proper level.View Full Posting Details