Conduct a criticality analysis of Walmart. The criticality analysis should be fr

Question

Conduct a criticality analysis of Walmart. The criticality analysis should be from the managerial standpoint describing the company origins, operations and their correct or incorrect application of the management functions: Planning and Organizing.

This question must contain but is not limited to the following sections:

a- Introduction

b- Definition of key topics.

c- Company Planning and Organizing Approaches

d- Discusion

e- Conclusion

Conduct a criticality analysis of Walmart. The criticality analysis should be from the managerial standpoint describing the company origins, operations and their correct or incorrect application of the management functions: Planning and Organizing. You can perform your initial search in Fortune 500 Journal and start from that point your research. This question must contain but is not limited to the following sections: a- Introduction b-Definition of key topics. c-Company Planning and Organizing Approaches d- Discussion e- Conclusion

Explanation / Answer

Wal-Mart a US multinational retail corporation that operates a chain of hypermarkets, discount department stores and grocery stores headquartered in Bentonville, Arkansas was founded by Sam Walton in the year 1962. Wal-Mart’s core business model is price leadership where the brand has led US retail market through its low economical pricing strategies.

Presently it functions globally in more than 11,000 stores in all over 28 nations and maintains its ecommerce websites worldwide in more than 11 countries. However focus of Wal-Mart is generating a faultless experience for its consumers shopping either from their mobiles or in the stores.

Furthermore brand employs approximately around 2.5 million employees where around 1.5 million works in US. Wal-Mart observes a business strategy where the focus is on less expensive quality products which in fact facilitates them to attain the competitive edge over its competitors.

Wal-Mart is able to attain lowest cost due to its excellent supply chain management policies which comprises of factors such as purchasing products in bulk and since Wal-Mart transports directly to stores it saves them the storage charges. Furthermore effective collaboration with suppliers for better pricing facilitates them to attain economies scale as they can perceive huge volume of goods in one single shot especially due to matter of fact that it has its own fleet of trucks.

Thus all these factors collectively facilitate to contribute huge difference in margin thus Wal-Mart is able to effectively attain its low cost strategy through efficient administration of its supply chain. However apart from enhanced performance within the organization is also very crucial and vital for Wal-Mart to create significant barrier for new entrants which in fact can facilitate them to maintain the competitive advantage.

However business policies with effective product mix strategies indeed can facilitate with the advantage of product differentiation and easy access to products. It’s crucial and significant for Wal-Mart to offer at economical prices varied product facilities so that potential consumers can get attracted to their stores.

Wal-Mart business strategy involves direct procurement of products in huge quantities on regular basis from manufactures. Furthermore exceptional collaborative efforts with their vendors indeed can facilitate Wal-Mart with exclusive access and sale opportunities of new products.

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