Company Profile Essay
The evaluation process can be done by holding regular meetings. These meeting are scheduled to take place once every quarter of the year. During these meetings the board will study and evaluate the reports of every department that has major contribution to the effective application of the strategy. The board of directors will gauge the reports of these departments according to the operational and financial progress taking place and compare them to the overall vision and objective of the plans.
Every meeting will only last for at least two hours considering that this length of time is enough to tackle the major issues of the project. It is proven that short meetings bring more and fruitful results as compared with those that are held longer than the usual (David, 2005). If there are problems concerning the implementation of the project – and this fact is expected to happen –the control team made up of the board of directors will spearhead minor or major alteration of the main scheme.
The main objective of the strategy will be held still, but the details and operational aspects as to how this can be done will be adjusted as needed and in accord to the present
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In case there happens to be a problem, which is expected as previously mentioned, the board can hold another extra meeting just for the sole purpose of addressing the issues concerns. The board of directors can call the attention of all the department heads to a general meeting wherein the hassles will be dissected and discussed. Any alterations to the details of the strategy will first be studied in-depth. This will be done by taking into consideration whether the alterations will have a great impact to the original scheme or not; or whether the alterations will benefit the company more than expected.
If there is really a need for a revision of to some of the details of the strategy this will be decided by a majority vote by members of the board of directors. Likewise, if there happened a decision to re-design some pertaining issues about the strategy concerned parties, especially the operation department and the finance department as well, will be informed to the nature of the changes and alternative solutions to address the issues.
Overall, the board of directors has the sole responsibility and on their shoulders rests the overseeing and implementation that the expansion of operation of the company towards the penetration of the international retail market will come into reality and a success for the company as a whole.
“Datamonitor,” (October, 2007). Wal-Mart Store Inc: Company Profile. Retrieved April 22, 2008 from http://web. ebscohost. com. ezlibproxy. unisa. edu. au/bsi/pdf? vid=7&hid=7&sid=761665bd-430b-4e9e-a4af-0e48bb421fde%40sessionmgr8 David, F. R. (2005). Strategic Management Concepts and Cases 10th ed. New Jersey. Pearson Practice Hall