Wal-Mart Critical Priorities Term Paper by Nicky

A look at the challenges facing Wal-Mart today.
# 145188 | 1,124 words | 11 sources | APA | 2010 | US
Published on Oct 27, 2010 in Business (Companies) , Business (Management) , Economics (Globalization)


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Description:

This paper examines the many challenges that Wal-Mart is confronting today that are potentially impeding their growth and current operations. Organized into general environmental, industry, competitive and internal factors, this analysis provides an insight into why these priorities are the most important for Wal-Mart's management team today. First, the paper addresses the global economic slowdown as a major issue that Wal-Mart management must confront, although it also cites the mixed blessings of economic downturns for the company. Next, the paper cites the importance of defining strategies for countering both locally and globally-based competition. This includes staying current from a technological perspective with the e-commerce and IT-based initiatives competitors including Carrefour and Tesco are pursuing. Finally, the paper explores how Wal-Mart executives need to make the issues of the company's lack of ability to globalize their operations, the continued costs of litigation, and the lack of accuracy of their pricing systems as all critical. Various suggestions are made for accomplishing this.

Outline:
Introduction
General Environmental Analysis
Industry Analysis
Competitive & Internal Analysis

From the Paper:

"First, the global economic slowdown is at the top of Wal-mart's senior management's agenda when the general environmental factors are discussed. Paradoxically the slowing economic growth of the U.S. economy has led to gains in sales over the last nine months according to analysis from the Wall Street Journal (Opdyke, 2008). Wal-Mart is a brand that excels when consumers sense fear, uncertainty and doubt about economic conditions, and has become a brand that has been able to capitalize on these concerns consumers have about the economic future (Hein, Miller, 2008). It's too simplistic to say however that tough economic times benefit Wal-Mart as their supply chain is one of the most extensive in global retailing. Difficult economic times put stress on the company's supply chain including suppliers' viability as many of them rely on Wal-mart for the majority of their production."

Sample of Sources Used:

  • Cherie Blanchard, Clare L. Comm, Dennis F.X. Mathaisel. (2008). Adding value to service providers: benchmarking Wal-Mart. Benchmarking, 15(2), 166-177. Retrieved November 27, 2008, from ABI/INFORM Global database. (Document ID: 1487917171).
  • Katherine Bowers (2007, February). Wal-Mart Acquisition Builds China Presence. WWD, 193(44), 4. Retrieved November 28, 2008, from ABI/INFORM Trade & Industry database. (Document ID: 1227384161).
  • Heike Dieckmann (2007, February). Final curtain call for Wal-Mart Germany. Office Products International,1. Retrieved November 28, 2008, from ABI/INFORM Trade & Industry database. (Document ID: 1227036281).
  • Mike Duff (2008, May). Thinking global. Competing local. Retailing Today, 47(6), 1, 20. Retrieved November 27, 2008, from ABI/INFORM Global database. (Document ID: 1505416871).
  • Thomas R Harris (2006). The Econmic and Social Impact of Big Box Retailers: Discussion. American Journal of Agricultural Economics, 88(5), 1311. Retrieved November 27, 2008, from ABI/INFORM Global database. (Document ID: 1174862241).

Cite this Term Paper:

APA Format

Wal-Mart Critical Priorities (2010, October 27) Retrieved February 23, 2020, from https://www.academon.com/term-paper/wal-mart-critical-priorities-145188/

MLA Format

"Wal-Mart Critical Priorities" 27 October 2010. Web. 23 February. 2020. <https://www.academon.com/term-paper/wal-mart-critical-priorities-145188/>

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