Case Study Analysis Wal-Mart’s Current Strategy and Challenges Executive Summary Wal-Mart Stores Inc. is the largest retail company in the United States. Their corporate strategy is four parts: Dominance in the retail market, expansion in the U.S. and International markets, creation of positive brand and company recognition and branch out into new sectors of retail. We will answer some questions and discuss to better understand Wal-Mart’s strategies. What are the threats and challenges Department store, Discount store, Hypermarket Words | 7 Pages. Review the attached Case Study "Wal-Mart: But We Do Give Them a 10 Percent Employee Discount." Summarize the overall viewpoint of the author. Discuss ethical issues facing Wal-Mart dealing with, "off-the-clock-work," sexual discrimination, health benefits, the role of unions, the use of undocumented workers, as well as issues relating to child and labor laws. Review the Questions for Thought. Answer these four questions using the business ethics principles. Your discussion of the ethical issues facing Wal-Mart must be in paragraph form. However, your responses to the four Q. The New topic wal mart stores in case study is one of the most popular assignments among students' documents. If you are stuck with writing or missing ideas, scroll down and find inspiration in the best samples. New topic wal mart stores in case study is quite a rare and popular topic for writing an essay, but it certainly is in our database. I’m looking for. I’m looking in. Everywhere Title Document. Enter your email to get essay samples on your topic. Wal-Mart Business Operations Section A This section is based on the case study, and answers four questions. In question #1 we analyse the three major areas of the external environment: general environment; industry environment; and competitor environment. We then summarise the main opportunities and threats.
To sustain this, they cut costs to the bone. Furthermore, In order to control the costs of goods sold, wal-mart case study questions answers here its own warehouses, through which it could buy in volume at qurstions prices and stuudy the merchandise. Initially started auestions small southwestern towns, Wal-Mart rapidly expanded into several towns, and later into metropolitan areas in the country.
Wal-Mart slowly expanded into densely populated areas with larger sized stores. However, due to increasing competition in these areas, Wal-mart also entered towns with populations between and with smaller sized stores. Wal-Mart followed a methodology of centralized purchasing where requests were wired directly from the wal-mart case study questions answers to the central computer, which were then transmitted to the distribution center.
In order to increase its bargaining power, Wal-Mart took no more than a fifth of its volume from any vendor. Also, its distribution network ensured that more space was available for selling the merchandise. Wal-Mart also placed more emphasis on selling hard goods which generated more sales per square foot than soft goods. To track the inventory and sales, a computerized system was installed. To further cap wal-mart case study questions answers costs, Wal-Mart was going to start a satellite network to facilitate real time communication between stores and headquarters.
In order to improve productivity, it implemented electronic scanning of the Uniform Product Code at the point of sale. With more autonomy given to store managers, Wal-Mart was able to lower its margins to a large extent in highly competitive areas and cover them up in areas where it faced no competition.
It heavily advertised when it entered a new area, and then dtudy back after establishing its presence. It also wal-mart case study questions answers CAD to develop programs that would help it with the merchandise mix by taking into account several local parameters. Wal-Mart administrative style emphasized frugality.
It emphasized heavily on communication at all levels, with regular meetings between the top management as well as between top management and the store managers in order to review performance and come up with strategies.
Case Study Walmart. Uploaded by Swasti K Shrestha. Related Interests. When questioned about Wal-Mart's secrets of success, Walton has been quoted as saying, "It has to do with our desire to exceed our customers' expectations every hour of every day"(WalMartAnnualReport,,p.5). Walton's greatest accomplishment was his ability to empower, enrich, and train his employees (Longo, ). QUESTION # How HR Strategy can be Walmart’s competitive advantages?? What is the importance of strategy setting with respect to Human Resources and how organizations can mobilize it?? Effective human resource management will create a high perspective teamwork, fair competition and respective environment. There are three SHRM theoretical models in the WALMART case study: the universalistic best practices, the contingency perspective of “best fit” and the resource-based configuration perspective. The contingency perspective of “best fit” With this view, the individual HR practices will be selected based on the contingency of the specific context of a company. Management Case Studies. Case Study: Wal-Mart’s Competitive Advantage. Case Study: Wal-Mart’s Competitive Advantage. Wal-Mart’s competitive strategy is to dominate every sector where it does business. It measures success in terms of sales and dominance over competitors. Its strategy is to sell goods at low process, outsell competitors, and to expand. The “Sundown Rule” is a corporate directive whereby all Wal-Mart employees, be they store “associates,” management, or corporate staff, must reasonably answer a customers or supplier request or question within 24 hours. The “Ten Foot Rule” states that store employees must greet, smile, and attend to a customer in a store when within 10 feet of them. Review the attached Case Study "Wal-Mart: But We Do Give Them a 10 Percent Employee Discount." Summarize the overall viewpoint of the author. Discuss ethical issues facing Wal-Mart dealing with, "off-the-clock-work," sexual discrimination, health benefits, the role of unions, the use of undocumented workers, as well as issues relating to child and labor laws. Review the Questions for Thought. Answer these four questions using the business ethics principles. Your discussion of the ethical issues facing Wal-Mart must be in paragraph form. However, your responses to the four Q. Wal-Mart Case Study. Essay by dipeshp, University, Bachelor's, A+, December download word file, 25 pages download word file, 25 pages 9 votes. This case study aims to raise more questions than answers in these areas, in the hope that classes can use the study as a guide for lively discussion about the marketplace, social welfare, cultural homogenization, labor and other issues in the context of expanding global corporate influence in society.
Sam Walton, the CEO also played an active role in running of the company. To wal-mart case study questions answers itself, it leased the stores to cut costs, emphasized soft goods and promoted itself by mailing flyers to members. It was thus able to build up a broader national presence than any of its competitors. According to Michael Porter, both operational effectiveness and strategy are essential for superior performance of a firm. It necessarily means performing similar activities more effectively than that of the rivals.
It deals with source utilization of resources or inputs by reducing product defects, eliminating wasted efforts, Implementing advanced technology etc. Walmart had following operational effectiveness strategies.
Strategy based on Unique activities: Competitive strategy is about being different. Strategy based on unique activities means deliberately choosing a different set of activities to deliver a unit mix of wal-mart case study questions answers. It also means choosing to perform activities differently or wal-mart case study questions answers perform different activities than rivals.
Walmart had following strategies that could be identified as strategies based on http://rybnitsa-city.info/2/i-80-1.php activities.
Basis is serving most or all the needs of a particular group of customers. It is more or less same as the traditional thinking about targeting a segment of customers. It arises when there are groups of customers with differing needs, and when a tailored set of activities can serve those needs best.
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A variant of need based positioning arises, when the same customer has different needs on different occasions or for different types of transactions. Differences in needs can be best satisfied when the set of activities to satisfy them differs majorly. Basis for positioning is that of segmenting customers who are accessible in different ways. Wal-mart case study questions answers can be a function of customer geography or customer scale or of anything that requires a different set of activities to reach customers in the best here. It is the less common and less understood base of positioning than the other two.
Need Based Positioning Access Based Positioning Everyday low prices philosophy stores, 5 distribution centers; expansion plans The high-leverage tactics it employs — such as hard bargaining with suppliers,cross-docking, logistics management, shrinkage control Smaller sized stores for small population towns sq ft for pop.
Fit drives both competitive advantage and sustainability According to Michael E. Porter operational effectiveness wal-mart case study questions answers about achieving excellence in individual activities but strategy is about combining activities and doing a perfect job in all of them.
The sustainable competitive advantage comes from fit of the for ucd classics essay guidelines words so that each activity reinforces one another. Please click for source fit helps the firm achieve a sustainable advantage as it creates a chain of activities that is as strong as the strongest link and it is difficult to imitate.
First order fit is the simple consistency between each activity and overall strategy. This was their overall strategy. So their each and every wal-mart case study questions answers was in-sync with this. Even their corporate offices were cramped and non-flashy which goes pretty well with their overall strategy. Second wal-mart case study questions answers fits occur when the activities are reinforcing.
Wall-mart goes beyond simple consistency because their activities are reinforcing. Even though their products are economical yet they reinforce their position by 13 promotions a year and aggressive advertising wal-mart case study questions answers different media.
They typically wal-mart case study questions answers more aggressive advertising when they are venturing into some uncharted territory and subsequently reduce their advertisement as they become established in the market. Third order fit goes beyond activity reinforcement and focuses on optimization of effort. Wal-Mart believes that product availability in the stores as a critical element of strategy.
So although they have centralized purchasing systems like others they did not base orders for SKUs on centralized sales forecasts. They used in-store terminal to wire merchandise requests to a central wal-mart case study questions answers, which further transmitted the order to the distribution centers.
Download zip of wal mart case study answers. Read Online wal mart case study answers as free as you can. More files, just click the download link: Comprehensive Health Insurance Student Workbook Answers, Chemistry Ionic Compounds Polyatomic Ions Worksheet Answers, Clc Answers, Core Java Multiple Choice Questions And Answers, Computer Concepts Chapter 8 Answers, Connect Homework Anatomy Physiology Answers, Catcher In The Rye Study Questions And Answers, Constipation Case Study Answers, Constitution Test Answers For 7th Grade, Chapter 24 Mastering Physics. Walmart Case Study Case study Questions and Answers: 1- Examine the development of Wal-Mart over its 40 year history. It is now nearly half a century since Walmart exists. From humble beginnings in the s in Arkansas to the world’s leading retailer, Walmart has come a long way to its success. home / study / business / operations management / operations management questions and answers / Case Study In Wal-Mart Stores Introduction Sam Walton Established Wal-Mart Store In On Question: Case study in Wal-Mart Stores Introduction Sam Walton established Wal-Mart Store in on three Case study in Wal-Mart Stores. Introduction. U.S. operations include 1, Wal-Mart discount stores (located in all 50 states. Its international operations commenced in covering Canada and Puerto Rico; Wal-Mart Supercenters in Argentina, Brazil, China, Germany, Mexico, Puerto Rico, South Korea, and the United Kingdom (rybnitsa-city.info#ixzz56lss8VII). The New topic wal mart stores in case study is one of the most popular assignments among students' documents. If you are stuck with writing or missing ideas, scroll down and find inspiration in the best samples. New topic wal mart stores in case study is quite a rare and popular topic for writing an essay, but it certainly is in our database. I’m looking for. I’m looking in. Everywhere Title Document. Enter your email to get essay samples on your topic. Wal-Mart Business Operations Section A This section is based on the case study, and answers four questions. In question #1 we analyse the three major areas of the external environment: general environment; industry environment; and competitor environment. We then summarise the main opportunities and threats. Management Case Studies. Case Study: Wal-Mart’s Competitive Advantage. Case Study: Wal-Mart’s Competitive Advantage. Wal-Mart’s competitive strategy is to dominate every sector where it does business. It measures success in terms of sales and dominance over competitors. Its strategy is to sell goods at low process, outsell competitors, and to expand. The “Sundown Rule” is a corporate directive whereby all Wal-Mart employees, be they store “associates,” management, or corporate staff, must reasonably answer a customers or supplier request or question within 24 hours. The “Ten Foot Rule” states that store employees must greet, smile, and attend to a customer in a store when within 10 feet of them.
This way they avoided stock outs in each wal-mart case study questions answers every store. To further expedite deliveries central computer was linked to vendors. Moreover wall-mart took no more than a fifth of its volume from any one vendor which gave them wal-mart case study questions answers bargaining power.
To emphasize the point further no vendor accounted for 2. The rest passed through their two-step hub and spoke distribution network. Products of different stores were packed and shipped together and supplied on the same trip. Since many vendors operated warehouses and factories with in their territory trucks also picked up shipments on their return trips.
They also implemented computerized system to track inventory and sales. They also introduced electronic scanning and uniform product codes at the point of sales.
This simplifies the process of checkouts wal-mart case study questions answers inventory management, reorders. Such coordination and information exchange in the activities minimizes redundancy and wasted efforts thus lead to optimization of effort.
This kind of fit among activities lead to sustainable competitive advantage as it is harder to match an array of interlocked activities rather than imitating a particular move.
Further since wall-marts positioning is based on third order fit the sustainability would be greater. Even if the competitors identify the interconnections still they would have a hard time replicating it. According to Michael E Porter, A strategic move requires more than just a unique position to guarantee a sustainable advantage.
A competitor can reposition to match the superior performer or it can even act as straddler which seeks to match the benefits of successful position wal-mart case study questions answers maintaining its existing position. Thus in order to retain and sustain the market position, trade-offs of certain incompatible activities are required. Trade-offs arises due to wal-mart case study questions answers in image or reputation.
It also rises from activities performed by companies. Different positions require different product configurations and different variables. Trade Offs also arises from limits on internal coordination and control. Thus positioning trade-offs are pervasive in competition and essential to more info. Trade-offs creates the need for choice and protect against repositioners and straddlers. Wal-Mart also adopted this key strategy of trade offs in order to attain the sustainable strategic position.
It has assigned the specific areas in the stores for specific merchandises for the easy accessibility and convenience of customers. However, even during stock out of particular merchandise in the specific area, Wal-Mart never filled out out-of stock areas with different merchandise.
Rather it wal-mart case study questions answers to keep the area vacant until wal-mart case study questions answers original merchandise is replenished. Wal-Mart also used the differential pricing depending on the geography and distance.
More competitive areas had lesser prices. Wal-Mart, instead of going wal-mart case study questions answers case study questions answers high value propositions like apparel, hardware and consumer electronics wal-mart case study questions answers is having a high profit margin, focused on price sensitive categories like health and beauty aids, house wares and appliances, based on consumer preferences.
It also wal-mart case study questions answers a policy of staying out wal-mart case study questions answers locations that could not be expanded. Wal-Mart leased majority of its existing stores which had a capacity constraint. It redeveloped or reconstructed the stores based on the specifications in order to expand the floor space. It launched expensive store-improvement programs to move upscale.
However it remained less luxurious than high priced discounters such as Caldor, Target and Venture. This has given a competitive advantage to Wal-Mart in terms of selling space. Wal-Mart system included over SKUs i. Stock keeping units — a larger number than any of its competitors. In order to track the inventory, it installed a computerized system which tracked the sales and performed accounting functions. This led to an increase in the capital expenditure.
However the operational efficiency achieved by this trade-off helped Wal-Mart speed up the please click for source time in adjusting inventory to be superior to that of its competitors. Activity System Map for Walmart.
Автор: Meran Bazahn