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Strategic management

As to what does ASDA/Wal-Mart regards as the nature, scope and purpose of strategic management is the company’s ability to survive in the industry by selling its products at prices lower than competitors. The company does this by expanding continuously its customer’s base. As what is the process of developing strategic management requires study of external and internal environments of the business, where plans or strategies are formulated and implemented down to operation level.

Formulation and implementation of these strategies may use models. As to the key factors to be taken in developing strategy requires primary consideration of customers, knowing the environment and making effective actions to attain company goals without also forgetting the importance of management and employment commitment into the organization that has focus of what it wants to accomplished. As to whether ASDA is develop strategic options and how are they evaluated, the answer is affirmative as proven in the decision it has effected.

It is however noticeable that the company appears to have preconceived strategy of low price for its products on the basis of the historical experience of the founder. As to how does ASDA implement and control strategic plans, one could note the preconceived strategy of

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low price of its product is obvious. In controlling strategic options, it simply sells its business units which are losing. 4. Recommendations for improvement in how the organization approaches operations management Strategic management may not a cure-for-all-ills thing but one of its advantages is being able to look at the problem before it strikes.

Strategic management looks at long term and there variables that may affect business may have the chance of being monitored properly and reactions could be more strategic options could be drawn the company will have more time to make decisions properly and with more deliberation. Surely the company might have been aware about the limitations about the strategic management but there is always wisdom to a navigator who can see in advance whether there is storm that is coming on the horizon and thus he may just hold the decision to make the travel and thereby save the unnecessary costs of wrong decisions.

References

Kabel, Marcus. (2006) “Wal-Mart, Critics Slam Each Other on Web. ” Washington Post. July 18, 2006. {www document} URL, file:///C:/Documents%20and%20Settings/User1/Desktop/walmart/Walmart. htm#_note-mkabel Retrieved on July 31, 2006. [11]. Sellers, Jeff M. (2005)”Women Against Wal-Mart. ” Christianity Today, {www document} URL

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