Wal-Mart Store: Strategy for the Future
The vision set by Wal-Mart Store is to continue progressing in the retail business in the United States as well as internationally. The company’s mission to provide cheap products and services to the public is the driving force that makes the company to aspire in retaining the leadership in the retail industry. This study, by the use of different and appropriate tools in gauging the position of a company in a given industry, suggests that Wal-Mart Store engage in an aggressive effort to penetrate the international market to sustain its growth in the coming years.
There are basically three alternative strategies open for the company with market penetration is the most attractive since is it well-known reality that for a company to be completely successful in the industry it belongs, it must venture in the international arena. Likewise, monitoring and problem-control issues have been laid to help the company attain success in this business maneuver. Table of contents Absolute Consulting Company is management consulting firm in existence for more than there decades.
It has been involved with strategic business of more than 200 companies involved in the industry of commercial aviation, banking, real estate, pleasure cruising, retail marketing and other fields. During thee three decades of intimate relationship with its loyal clients, it has helped numerous companies rebound from almost sure bankruptcy, financial lost and playing power in the industries they are involved in. The men and women that are responsible for this case study involving Wal-Mart Store are people who are veterans in terms of strategic, customer accommodation management skills.
These people have an experience in the field of business management incomparable with the any consulting firms in the industry combined. These men and women are known for their intellectual gift of bringing managerial and business solution to any problem that can exist in a company. Their long experience in the field of management and organizational culture are the reason behind this unsurpassed talent and legitimacy in the field of management planning and consultation. These are the people behind Absolute Consulting Company.
On January 12 of this year, Absolute Consulting Company was given the task by Wal-Mart Company to create for the said company a well and holistic appraised of the said firm in order to design a concise and well-thought management strategies applicable for the said establishment. This paper then is the product of several months of intense study regarding the case of Wal-Mart Store. Used in this paper are several proven managerial tools by which the strengths as well as weaknesses of the firm are measured and studied.
The result of these is then geared toward what would be best for Wal-Mart Company in the years to come. Wal-Mart Store: A Company Profile Wal-Mart Stores is considered as the largest and most successful retail chain store with operation around the globe. Its stores are wide-spread strategically over continents and countries like the United Kingdom, Japan, Canada, Brazil, Mexico, and more recently China (Datamonitor, 2007). Its mode of retail stores managerial operation takes various formats that include being present in supercenters, nearby markets, and discount stores.
Given the fact that the firm has many store branches that have operations internationally, the company still maintains the bulk of its business based in America. It holds its headquarters in Bentoville, Arkansas, where it housed the centralized management of the retail store. Right now, it presently it employs an approximately two million people working in its hundreds of stores around the world, with the greatest number located in United States.