This website uses cookies to ensure you have the best experience. Learn more

Strategic Planning For Walmart. The Past, Present And Future.

4246 words - 17 pages

Untitled

Wal-Mart Strategic Development and future

Becoming Wal-Mart- The Past:

Overview

Wal-mart was founded by sam Walton in 1962. The idea behind was to bring discount shopping stores to rural America. It grew rapidly with huge popularity. Today it has 3708 Wal-mart U. S. Units, 569 U.S. Sam's Club and 4112 International units. It toppled GE and became No.1 in Fortune 500 Company list with annual revenue of 405 Billion USD and employs about 2 million associates. It has presence in multiple sectors across retail industry like grocery, Auto, Pharmacy, Jewelry, Clothes, electronics, books etc. Let's consider strategies in place and changes during last 25 years of Wal-mart.

Mission: We save people Money so they can live better. Deliver Quality products at lowest possible price.

Values and Culture:

In my opinion Wal-mart's values are keys to its sustainable success. Here are some key values and words about company culture.

Respect to individual.

Open door. Listen to customers and associates.

Give best service to customer.

10-Foot Rule - greet and ask for help to customer within 10 foot of distance.

Sundown Rule - Combine efforts to answer to any requests or resolve any complain by end of business day.

Leaders are also servants.

Many of these values helped Wal-mart developing two important feedback loop for any organization, which drive for constant improvement, are Internal and external Feedback.

Strategy:

Let's analyze five elements of strategy diamond to understand how placed Wal-mart itself in this industry and became global player.

Areas:

Wal-mart has decided to compete in retail segment keeping in mind to be one stop place for customers. Wal-mart made rural area as their business places. This in long run helped them to lock out competitors, helped Wal-mart to use as entry barrier. Customers can get almost everything they want from one place saves time and money both. It decided to have its own distribution network. Use of technology was and is a big helping factor for Wal-mart. It employed computer system back during 1970s and still reaping benefits of having excessive amount of data available. Wal-mart pushed retailed industry to have universal bar-codes. With bar code tracking of products became easy. Data derived from these technologies was used to plan stores, products to be sold, inventory management etc. In turn, it helped Wal-mart developing thin, effective supply chain and as a result ensured lowest prices for consumers.

Recently, Wal-mart implemented RFID technology in some of its stores. The outcome of experience over 8 months was reduction of out-of-stock merchandises by 16%. This technology helped in serving customers better and saved cost.

Vehicles:

Wal-mart developed all its stores as organic development meaning it developed by its own in USA. However, this has changed since Wal-mart decided to go International during 1990s. They widely used...

Find Another Essay On Strategic planning for walmart. The past, present and future.

Forgiving is the Past, Present and Future

725 words - 3 pages perpetrator. He remains close to the idea that when someone is seeking forgiveness they become vulnerable to harsh criticism. In seeking forgiveness the perpetrator becomes subject to scrutiny and rejection but if they are willing to expose their wrongdoings they believe there is a future for the relationship. Being true to the past brings acceptance to the present and builds upon that future. He later goes on to state that working towards

The Internet: Past, Present, and Future

2039 words - 9 pages The Internet Past, Present, and Future Whether easily recognized or not, the internet has changed the way the entire world functions. Innovations as simple as how a businessman in New York acquires his daily schedule, to how a teenager in Japan searches the internet for the next purchase. The internet has simplified many tasks of everyday life, and for many jobs. Anything from obtaining lunch, to filing tax returns can all be done from

Labor: The Past, Present, and Future

1606 words - 7 pages more and more reasons to discriminate against potential workers. Today’s employers are guilty of chronic demographic differences in employment rewards. While race and gender gaps in wages are believed to be narrower than in the past, issues of racial, ethnic, gender, education, and other levels of inequality remain to be a large challenge for the workforce. Works Cited 1Parker, Kim. "Yes, the Rich Are Different." Pew Research Centers

The Internet, Past, Present, and Future

1139 words - 5 pages sufficient power is a potential spore for the Internet, and today such computers sell for less than $2,000 and are in the hands of people all over the world. ARPA's network, designed to assure control of a ravaged society after a nuclear holocaust, has been superseded by the Internet, which is thoroughly out of control, and spreading exponentially throughout the post-Cold War electronic global village.The future of the Internet bids fair to be bigger and

Technology: Past, Present, and Future

1593 words - 6 pages Technology: Past, Present, and Future Remember the days of the Old West? The women walked around with their parasols or rode in a horse drawn carriage and the men rode fast and furious on their horses. Everything you needed was right there in town: the saloon, the general store, and the barber. When one needed to get somewhere, they would walk. If they needed to travel far, there were steam-powered locomotives. As towns and cities grew

NASA: Past, Present And Future

6490 words - 26 pages NASA: Past, Present and Future by Jeremy Wray April 26, 2001 English 15 PSU Beaver Campus Professor Clippinger Introduction         The topics of outer space, how to get there, what's out there, and what can we do out there, have been around since the beginning of human civilization. Until only recently, the last several decades, our thoughts were at best, guesses. With the beginning of the

Past Present and Future Paper

1725 words - 7 pages Bachelor's program and my current and future professional goals I have established for myself.PastIn the past, I was of the opinion that having an education was for some people but not for all. Those who made the choice to obtain higher education did so as a personal decision for themselves, more power to those individuals. I knew that the chances to make more money would likely be in my favor and the probability to advance to a higher position is

Racism: Past, Present and Future

2005 words - 8 pages of propaganda through his cartoons. One in particular caught my eye; the image of our good old Uncle Sam was spraying our minds with insecticide to get rid of the racial prejudice bug (Dr. Seuss). The Roots of Racism run deep into our history and for some of these reasons, are repeated even into our generation. Present In this age of the internet, we know hear even more and more of racism against Asian Americans still occurring. In Le C.N.’s

Freud: Past, Present and Future

1647 words - 7 pages once long ago strived to research, study, and interpret the psychological field have all paved the way for the impact that these theories hold. The methods of learning this information and passing it on for other generations to study, research, and apply to their new approaches is why knowing about past historical figures is important today.Other works that Sigmund Freud researched, studied, and brought about can be compared to his development of

PAst present and future racism

2065 words - 8 pages Racism, past and presentStepping back in time equip us with some basic conceptual tools that can be employed to understand and deal with issues of racism, rejudice, and discrimination. For example, in our readings the Article Psychology and race discusses how Caucasian doctors believed that Caucasians had larger cranial capacity to house more cerebral matter and thus were thought of as more intellectual. Not only has this been proven false in

Databases. Past, present and future

1179 words - 5 pages DatabasesSince then man has been able to store information on paper allowing many people to share the same information in a short amount of time. In the past business owners had files upon files filled with our basic everyday data on just one customer or worker. If you had 100 customers you would have a file cabinet filled with papers, and as we all know 100 customers is not a lot in today's standards. Every time you wanted to find out the

Similar Essays

The Past, Present, And Future Essay

872 words - 4 pages located somewhere in the United Kingdom. Once was a great medieval church, Wordsworth writes in this short story three messages from Tintern Abbey coming from the past, present, and the future. In Tintern Abbey, by William Wordsworth, he relates a message from the past which is remembering the youthful age in life. Life is a clock, never stopping, and always ticking. According to Wordsworth, “An appetite; a feeling and a love, that had no need of a

Past, Present, And Future Essay

1626 words - 7 pages Running Head: PAST, PRESENT AND FUTURE 6Past, Present and FutureLawrence Collins, Jr.GEN 480July 8, 2013Remona ClarkPast Present and FuturePastEvery student has his or her story. Mine began in the cafeteria where I had worked. A fellow employee was working on his homework during lunch. Being curious, I asked questions. As with my friend, I immediately saw the potential for University of Phoenix (UOP) to help me reach my long-term goals. Two

Past, Present And Future Essay

1202 words - 5 pages Past, Present and FutureIntroductionThis paper reflects upon my personal and professional growth during my study at the University of Phoenix. I am actively pursuing a degree in marketing. During my journey, I have undergone many personal and professional changes.Part One- PastWhen beginning my journey at the University of Phoenix there was a void in my life and a feeling of disappointment that I had not furthered my education. I had always

Inclusion: The Past, Present, And Future

4051 words - 16 pages several past years, it is a widely heated topic today, and there are things that will change and continue to promote inclusion in the future. History of Inclusion The idea of children with disabilities, whether they be mild or severe has been a very controversial and misunderstood topic. In the past inclusion has brought about huge changes for not only the students, but also the parents and families of these children, and staff at schools