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Compare And Contrast Marketing Strategy
2.2. Marketing strategy Nowadays, the concept of strategy in general and marketing strategy in
particular appears very popularly in modern market. Oxford Advanced Learner's Dictionary (2005,
p.1516) defines strategy as "a plan that is intended to achieve a particular purpose" or "the process
of planning something or putting a plan into operation in a skilful way". Chandler, A. D. Jr (1962,
p.7) views strategy as "the determination of the basic long–term goals and objectives of an
enterprise and the adoption of courses of action and the allocation of resources necessary to carry
out these goals". In another work, according to Anthony, R. N. (1965, p.15), strategy is "the process
of deciding on objectives, on the resources used to attain these ... Show more content on
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& Amstrong, G, 2012). The most important point of this strategy is "difference". Moreover, that
difference has to be valuable, unique and hard to copy. Differentiation advantage can only be
achieved when a firm is able to obtain from its differentiation a price premium in the market which
exceeds the cost of providing differentiation (Robinson J., 1933). To gain differentiation competitive
advantage, the company will have to invest a big budget to its product research and development.
However, to remain it is another story. Apple is one of the pioneers in implementing this strategy. –
Focus: If the company cannot compete with both of the two above strategies, then it should think
about focusing on occupying only one or a few market segments (niche market), with typical groups
of customer. The customers of niche market are usually interested in either low price or
differentiation, but other typical features instead. As these features are not popular, the product
range of the companies following cost and differentiation cannot reach, and the company following
focus strategy can avoid the fierce competition with the other two groups. Roll Royce is a typical
example for this
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Critical Evaluation: “Marketing Does More Harm to Society...
Nottingham University Business School
MBA Programme
Critical Evaluation:
"Marketing does more harm to society than good"
Kevin Stefan Ngo (010062)
Module Title: N14M04 – Marketing
Professor: Dr. Khong Kok Wei
Word Count: 2,155 (Body Only)
Table of Contents
1. Purpose 3
2. Introduction to Marketing 4
3. Harm of Marketing to Society 5
3.1 Criticism of Marketing in the 1950s 5
3.2 Modern Criticism of Marketing – Branding 6
4. Benefit of Marketing to Society 8
4.1 Product Improvement 8
4.2 Pricing, Distribution and Communication 9
5. Conclusion 10
6. Bibliography 12
1. Purpose
The purpose of this paper is to critically evaluate the statement; "Marketing does more harm to
society than good" This is ... Show more content on Helpwriting.net ...
This relationship between consumption and welfare (happiness) was termed the "Dependence
Effect" by Galbraith. Galbraith foresaw grave consequences flowing from this preoccupation with
consumption and growth. He felt it imperiled economic security from the runaway growth in
consumer debt that is part of the salesmanship activities (Stanfield, 1983).
In Friedrich Hayek's 1961 response to the "Dependence Effect," he outlines why Galbraith's
conclusion does not logically flow from previous examples and statements in the Affluent Society.
Heyek's counter–argument is based consumers' acquisition of taste through cultural interactions and
socialization versus through channels directed by want–creating activities of producers (Hayek,
1961). 3.2 Modern Criticism of Marketing – Branding
In Naomi Klein's 2002 book, No Logo, she "skewered the role of brands in contemporary culture
and the insidious power of corporations to infiltrate institutions throughout society, including
schools and hospitals" (Rutland, 2009). This anti–corporate sediment was triggered by branding
practices creating artificiality by stretching the notion of value and not taking into consideration
aspects of corporate social responsibility. Brand equity mania in the 1980s was defined by the
moment when Philip Morris purchased Kraft for $12.6 billion, an amount six times its book value.
The price difference between balance sheet valuations and the price paid was attributed to the value
of the
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Walmart Swot Analysis
3.4 SWOT Walmart's supply chain management has proved to be very effective, which has led the
company to success. This case study analyzes the company's strengths and weaknesses, and factors
in what threats they face, as well as what opportunities that they can exploit. 3.4.1 Strengths
Walmart is a very powerful retail brand that represents affordability. Their number one strength is
their efficient supply chain network. They offer "Everyday Low Prices" and have a consistent level
of inventory. Walmart achieves this through their bargaining power with their suppliers. These
suppliers offer "just–in–time delivery" of merchandise to Walmart locations. These strengths help
maintain Walmart's market share and maintain customer loyalty. ... Show more content on
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Walmart needs to continually develop effective strategies to withstand the threats of substitutes and
new entrants. And, strategies that address the bargaining power of buyers and suppliers. 3.5.1
Competitive Rivalry The following external factors are the most significant for Walmart to consider
regarding competition: There is a large number of organization in the retail market with a large
variety of retail products and services they provide with high aggressiveness they saw the efficiency
of what Walmart is doing and they copied their supply chain strategy. Thus, Walmart experiences
the strong force of these external factors in competitive rivalry in the retail industry environment.
3.5.2 Bargaining Power of Buyers Walmart faces a low bargaining power of buyer because the large
population of buyers are individuals that buys small purchases that makes it difficult for them
(buyers) to impose significant pressure on retail firms. So, in effect, the bargaining power of buyers
is weak in influencing Walmart and other retail firms. 3.5.3 Bargaining Power of Suppliers
Walmart's suppliers bargaining power is low. Since they used the Vendor Managed Inventory which
meant their suppliers managed their own inventory at Walmart at the price Walmart wants which
helps secure the lowest prices from its suppliers to sustain its everyday low price. Thus, the
bargaining
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The Characteristics Of A Rolex As A High-Quality Products
perceive that its attributes have better utility than its competitors. For example, a Rolex watch has
attributes–such as design, styling, performance, and reliability–that customers perceive as being
superior to the same attributes in many other watches. Thus, we can refer to a Rolex as a high–
quality product
Innovation
Innovation refers to the act of creating new products or processes. There are two main types of
innovation: product innovation and process innovation. Product innovation is developing something
new with characteristics and attributes not known before. Examples are Intel's invention of the
microprocessor in the early 1970s, Cisco's development of the router for routing data over the
Internet in the mid–1980s, and Apple's development of the iPod, iPhone, and iPad in the 2000s.
Process innovation is the development of a new process for producing ... Show more content on
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Improving the quality of a company's product offering is consistent with achieving responsiveness,
as is developing new products with features that existing products lack. In other words, achieving
superior quality and innovation is integral to achieving superior responsiveness to customers.
Another factor that stands out in any discussion of responsiveness to customers is the need to
customize goods and services to the unique demands of individual customers or customer groups.
For example, the proliferation of soft drinks and beers can be viewed partly as a response to this
trend. Better customer responsiveness can further be provided with superior design, and superior
after–sales service and support. All of these factors enhance responsiveness to customers and allow
a company to differentiate itself from its less responsive competitors. In turn, differentiation enables
a company to build brand loyalty and charge a premium price for its
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Wal Mart And The United States
One of the largest retailer in the United States is known to many of us as Wal–Mart; boasting over
3,500 domestic stores in the United States, with continued growth in their numbers...and about
1,300 locations in Canada, Mexico, the UK (only Western), Germany, Asia and South America
(Mergent). Many of these stores include Supercenters, Sam's Clubs, and smaller Neighborhood
Market centers. Wal–Mart primary focus is on based on six strategic merchandise units: grocery,
entertainment, hardlines, health and wellness, apparel, and items for the home (Mergent). Since the
begininning of the company in 1962, Wal–Mart has skillful continued growth and prosperity. With
their long standing history of profitability and prominence thoughout North ... Show more content
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In addition to the supercenters, Wal–Mart has also experienced much success with its Sam's Club
stores. Essentially, it is a wholesale club owned by Wal–Mart that offers a large variety of products
under one roof with discounted prices. Based out of industrialized buildings, this leaves room to buy
twice as much as a much cheaper price. The products can be purchased in bulk, providing additional
discounts on many products and services including gasoline, to its members. In today's fast paced
society, it is not surprising that consumers can appreciate the benefit of one–stop–shopping. At
Sam's Club locations, consumers can even shop online and have their products ready and available
for pickup when they arrive. With Wal–Mart's many locations, the company also builds consumer
confidence by accepting returns that have been opened, used, and even over 30 days old. One key to
any successful business is meeting the demands of their customers and Wal–Mart's commitment of
offering everything you need at one place for low prices is a large part of what keeps consumers
coming back. With Wal–Mart 's international operations currently consist of over 5,000 stores and
approximately 780,000 associates in 26 countries outside of the continental United States in places
such as Argentina, China, Brazil, Mexico, India, and the United Kingdom (Wal–Mart). Although
Wal–Mart operates under different names depending on the location, their commitment to save
people money by
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Company Profile : Products And Financial Status
Company Profile: Products and Financial Status One of the largest retailer in the United States is
known to many of us as Wal–Mart; boasting over 3,500 domestic stores in the United States, with
continued growth in their numbers...and about 1,300 locations in Canada, Mexico, the UK (only
Western), Germany, Asia and South America (Mergent). Many of these stores include Supercenters,
Sam's Clubs, and smaller Neighborhood Market centers. Wal–Mart primary focus is on based on six
strategic merchandise units: grocery, entertainment, hardlines, health and wellness, apparel, and
items for the home (Mergent). Since the begininning of the company in 1962, Wal–Mart has skillful
continued growth and prosperity. Its long standing history of ... Show more content on
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With Wal–Mart's many locations, the company also builds consumer confidence by accepting
returns that have been opened, used, and even over 30 days old. One key to any successful business
is meeting the demands of their customers and Wal–Mart's commitment of offering everything you
need at one place for low prices is a large part of what keeps consumers coming back. With Wal–
Mart 's international operations currently consist of over 5,000 stores and approximately 780,000
associates in 26 countries outside of the continental United States in places such as Argentina,
China, Brazil, Mexico, India, and the United Kingdom (Wal–Mart). Although Wal–Mart operates
under different names depending on the location, their commitment to save people money by
offering low prices stays the same. In the financial year 2011, Wal–Mart 's international division
revenue was over $109 billion, nearly 25% of total revenue. Generally, Wal–Mart's reputation of
offering quality and low cost products and its presence in the global market helps keep the company
strong. Wal–Mart's strategic growth plan is aggressive and evident in the number of retail stores it
operates domestically and internationally. The wide array of stores built to suit local economies
enables them to attract a wide array of customers and keep their sales growing. In the financial year
ending January 31, 2011 the company recorded total sales amounting
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What Leadership Behaviors And Management Systems Support...
negative consequence of getting to be subject to outer assets for consistent change and of
accomplishing just sporadic, transient enhancements. Pietro Fiorentini has rather turned into a
position of experimentation, in which the learning, methodologies and systems of the best
counselling firms are contrasted and joined and inward information and with the excitement and
vitality of the organization 's kin. For sure, it is an interesting generation and administration model.
________________________________________ WHAT LEADERSHIP BEHAVIORS AND
MANAGEMENT SYSTEMS SUPPORT THIS NEW WAY OF WORKING? Not just did Mario
backing and support the change, yet he likewise was the genuine maker and "motor" of the
utilization of incline at Pietro Fiorentini. The bolster he gave was not constrained to authority
advancing "an incline venture," as it is frequently the case in the normal hierarchical change activity.
Rather, it implied that he was completely required in the incline venture, turning into its initiator and
driver. He drove the change first–hand, for instance by joining in each movement of the procedure,
from the upgrading of the design to the production of assembling cells and the dispatch of kaizen
weeks. This was conceivable in light of Mario 's significant comprehension of the standards and
strategies of incline considering, which originates from direct experience increased through years of
concentrating on (his incline library is entirely noteworthy), through his
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Walmart Organizational Management
Walmart Organizational Management Name Institution Affiliation Organizational Context Wal–
Mart Stores Inc. or Walmart is a multinational retail organization that has numerous chains of large
discount warehouse and general stores. The company was formed in 1962 by Sam Walton as a
family–owned business. It was incorporated in 1969 and traded on the Stock Exchange of New York
publicly in 1972. Since then this organization has grown strength to strength winning various
accolades. In 1988, it was ranked as the most profitable retail business in America outselling
competitors such as K–Mart and Sears in the retail business (Fishman, 2006). It was founded on
Sam Walton's quest for providing goods and services at relatively low or ... Show more content on
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This has made it become the ultimate choice for many customers as a variety of quality goods and
services are accessed under one establishment. Its high number of stores world over has made it an
enviable brand that has penetrated in different markets with tailored products. Regulatory Group:
Walmart as a multinational brand employs internal self regulation through its regulatory group, the
Global Ethics Office. It has a Statement of Ethics that govern its operations worldwide with
associates and third parties (Fishman, 2006). The associates in this case are citizens of different
nationalities who are subjected to different customs, cultures and laws. Third parties covered in this
statement are consultants, suppliers, law firms, contractors, public relations firms and other service
providers. This statement of ethics provides rules and regulations that govern all relationships and
operations that the organization partakes. The Global Ethics Office receives ethical concerns and
issues that face the organization and has mechanisms to ensure that Walmart enforces discipline and
quality delivery of services. It also takes into consideration customer complaints and suggestions.
General Environment Economic Environment: Despite several cyclical economic downturns,
Walmart has continued to record sales growth. The company's global associates have been doing
relatively well in terms of sales and job creation. This financial year alone, this
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The Structural Characteristics Of The Television...
QUESTION 1 – Sony's TV Business Keeps Fading to Red 1. Discuss the structural characteristics
of the television manufacturing industry using the Five Competitive Forces. a. Competitors: The
competition is really high in the television manufacturing industry because there are several major
players. Therefore, price competition is created. b. Substitutes: The internet and the computer is a
strong substitute since all channels can be accessed on the web as well. Furthermore, small and hand
held devices like IPhones and IPads are also substitutes. c. New entrants: The threat of new entrants
is low since the television manufacturing market is fading away. High capital requirements,
switching costs and economies of scale are barriers to entry. In addition, the television
manufacturing industry market is saturated with competitors. d. Power of buyers: The power of
buyers in this industry is high. The main reason for this is that several of the buyers have multiple
choices to choose from. Many competitors are offered discounts and gifts in order to attract buyers.
Another reason is online shopping. It has increased the bargaining power of buyers. Buyers are price
sensitive and demand very high quality. e. Power of suppliers: The bargaining power of suppliers is
low. Television manufacturers represent big contracts for suppliers. They are forced to cut their
prices. Many manufacturers are starting to produce their own components in–house. This was they
have on costs and time of
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The Relationship Between Unique Resources and Competitive...
The Relationship between Unique Resources and Competitive Advantage for Mega–Retailers
Introduction In an increasingly globalized marketplace, some corporations are succeeding while
others are failing by virtue of a valuable competitive advantage. Although competitive advantages
can assume a wide range of forms, they are typically characterized by a combination of skills and
technology that provide improved efficiencies and economies that facilitate firm performance and
profitability. In some cases, competitive advantages are readily apparent while in other cases such
attributes may be less easily discernible. To gain some fresh insights into this area with respect to
the global retailing sector, this paper provides a review of the relevant literature concerning
Walmart, Carrefour and Tesco to determine the extent to which their respective competitive
advantages are due to the possession of unique resources. A summary of the research and important
findings are presented in the paper's conclusion. Review and Analysis Background and Overview
There are countless sources of competitive advantage available to help companies of all types and
sizes grow their business and improve their profitability, provided that business leaders know where
to look. Aristotle Onassis believed that the secret to business success was simply "knowing
something that nobody else knows," while organizational behavior theorists believe that the secret to
success requires acquiring and sustaining a
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A Comparative Study of Walmart
A Comparative Study of Walmart Operations in Canada & Mexico Table of Contents 1.
Executive Summary..............................................................................2 2.
Introduction.....................................................................................3 3. Walmart and the Canadian
Marketplace...............................................3 A. Country Competitiveness B. Cultural Environment C.
Political and Legal Environment D. Entry Strategies 4. Walmart and the Mexican
Marketplace................................................10 A. Country Competitiveness B. Cultural Environment
C. Political and Legal Environment D. Entry Strategies 5. Summary Comparison of Canadian and
Mexican Markets.........................18 6.
Recommendation...............................................................................19 7.
References.......................................................................................21 1. Executive ... Show more
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(Walmart, 2012) The company announced a $750 million, 73–store expansion plan in early 2012. A.
Country Competitiveness A large multinational company such as Walmart experiences different
opportunities and challenges in the countries in which it does business. Walmart being the largest
retailer in the world, must adapt to varying business environments. Canada's competitiveness
relative to Walmart's expansion is viewed through Porter's diamond framework. Country–Level
Determinants The passage of NAFTA represented an enticing opportunity for Walmart to capitalize
on the discount store industry, of which only Zellers and K–Mart had a presence in. NAFTA also
paved the road for Walmart's expansion into Canada. The agreement had the intention of creating
job and economic growth as well as eliminating tariffs and controls on goods transported amongst
the three countries. This phenomenon of internationalization created openness and capability for
Walmart to capitalize on goods production in one country, followed by movement and sales in the
other. Moreover, currency valuation in present day represents an opportunity for retailers to expand
into the Canadian market. Due to the strong Canadian dollar, the economic conditions are enticing
for any retailer looking to expand – a key reason why Target has transitioned into the market. At the
time of acquisition, Woolworth took ownership of the $45–million
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Sustainability In Marketing
The Relevance of Sustainability in Marketing Decision Making
Introduction
Sustainable marketing calls for socially and environmentally responsible actions that meet the
present needs of consumers and businesses while preserving and enhancing the ability of future
generations to meet their needs (Kotler & Armstrong 2012, p. 582). The aim of sustainable
marketing is to satisfy the customer's the needs and wants while also putting high emphasis on the
environment and the social issues and thus creating profits in a socially responible way. Mention
triple bottom line While traditional marketing is a process by which companies create value for
customers and build strong customer relationships in order to capture value from customers ... Show
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Walmart constantly initiates sustainability initiatives which postively affects the customer's
environmental behaviors, employees and its suppliers. It also promotes sustainablity to its
employees by initiating 'personal sustainability project' (PSP) where employees are committed to
responsible acts in front of their coworkers like from quitting smoking to replacing their lighting
system at their house with energy saving bulbs. Because Walmart operates under very stringent
environmentally focused practices they also enforce many laws to its suppliers to examine the
carbon life cycle of their products and change the way they manufacture, package and transport the
goods. This strategy saves Walmort extra costs which in turn reduce costs on the poducts they sell
and which adversely can save customers money. This creates a win–win scenario for both Walmart
and its
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Walmart 's Reputation For Unfair Labor Practices
Walmart is the one of the biggest retailers in the United States and one of the foremost and
influential corporations in America. It has become one of America 's most successful retail chains by
offering "everyday goods at low prices" for middle and lower class families. Even with all of its
financial success, the company cannot open a store without dealing with an abundance of protest
groups. Walmart always overcomes these groups, but nonetheless there is always opposition against
them. Walmart has had a reputation for unfair labor practices by refusing unionization, offering
really low wages, and discrimination. The protest groups defend local store owners, the
environment, employee salaries, and discrimination against various minority groups. Walmart
displays an image of being charitable and giving back to the community, but they are responsible for
unjust and discriminating actions in the United States. To maintain its low–cost strategy, Walmart
has been involved in ethically questionable practices, including gender discrimination in promotion
and pay. While the Supreme Court recently ruled against class certification of 1.5 million women in
the Dukes v. Walmart case due to a lack of proof that Walmart operated under a "general policy of
discrimination", there is much evidence that shows that gender discrimination is still a problem
rooted in the culture of Walmart, despite gender–neutral policies (Biskupic, 2011). During the
1950's and 60's in northwest Arkansas, a
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Walmart's Compliance Issues
Walmart Compliance Issues Introduction Walmart is now a trans–national corporation. All such
corporations have major problems in the labor front. The reasons are various. Firstly Wal–Mart's
motto is to give quality goods at very cheap prices. All its operations are therefore designed to that
end. Walmart has suppliers who offer competitive prices. Since the company has to serve various
parts of the globe, they have the policy of sticking to the most reasonable prices. Thus the awareness
of cost, customers, and need for investing in continuous improvement and the bifurcation of the
various retail units to small supplier stores as individual firms have made the company's functions
seamless and cost effective. However it cannot be sustained for long and the natural result is that the
company looks out for cheap labor and less cost of production and supply units. Thus it regards the
labor at the overseas units as lesser and tries to push costs down. Thus it can be seen that in
controlling cost and being conscious of costs the company has all along made the labor at the
receiving end. (Christopherson; Lillie, 2005) In a research on major multinational retail firms, like
IKEA and Wal–Mart, the fact is noted that there is a new era of labor standards. The global labor
concerns are coming to the fore and the rights of labor all over the globe are being enforced by the
nations, and secondly the multinationals find it better to enforce their voluntary codes rather than
through
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Walmart : An American Multinational Retail Company Essay
Introduction–
Walmart is an American multinational retail company that operates a series of discount department
stores and warehouse stores. The company 's headquarters is located in Bentonville, Arkansas, the
company was founded by Sam Walton in 1962, incorporated on October 31, 1969.
Enter in Germany market–
In 1997, Wal–Mart entered the German retail market by acquiring failing German retail chain stores
Wertkauf but encountered problems quickly. The Wal–Mart has proved a resounding success in the
United States by providing everyday low price guarantee, inventory control, and effective
distribution. (Introduction) 1. Task–1
Develop, implement and review customer service standards.
1.1
Customer requirements are reliably identified through consultation with customers and key
informants and through market research or other information collection techniques.
Customer requirements are reliably identified through consultation with customers– for this purpose
they had clearly focused on customer's feedbacks about the company and its service. So when they
get the feedback from the customer then the whole company decided to change their policy
according to the Germany culture.
For example– according to one feedback , Germany people are efficient and spend less time in
shops, however Wal–Mart shops were placed in long distance that why the reason customer will
have to spend more time for shop. Which Germany doesn't like it? For this conclusion Mallart
decided to place
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Walmart in China
2012 第 15 屆科技整合管理研討會 June 16, pp1–17
Culture Implications for the Operations StrategyWalmart Experience in China
Ming–Ling Chuang1 James J. Donegan2 Michele W. Ganon3
Abstract
Many multinational corporations are aware of the topology of the Chinese market, what they lack is
an in–depth understanding and the skills needed for effective operations. The paper describes the
challenges faced by walmart as it attempts to replicate in China their lean retailing successes
elsewhere in the world. Walmart has so far failed to extend their oligopolistic dominance to the
Chinese market. We identified some issues: (1) the formation of partnership alliances and their
impact on store location choice; (2) the effect of under–developed ... Show more content on
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II. Literature Review and Framework
An interdisciplinary research agenda has arisen in the past two decades to study the significance of
emerging retail MNCs as part of the process of globalization. The internationalization of retailing
has been a central topic in the business literature particularly in retail management (Alexander 1997;
Alexander and Quinn, 2002; Bianchi and Arnold, 2004; Goldman, 2001; Tseng and Foster, 2006;
Palmer 2005; Cao and Dupuis, 2009). The issues studied in that literature include motives for
internationalization, modes of market–entry, retail format transferability, organizational learning and
strategic failure and divestment. Scholars in economic geography have also contributed to this
literature stream (Aoyama, 2007; Christopherson, 2007; Wrigley et al., 2005; Reardon et al., 2007).
Topics include the impact of the host economy on market entry, the role of the institutional
environment of the home market and the host market entered and divestment. Researchers in
agricultural and developmental economics have studied the supermarket revolution in developing
countries (Reardon and Hopkins 2006; Hu et al., 2004; and Humphrey, 2007). Researchers across
the board have argued that the simultaneous process of internationalization and concentration of
retail MNCs is leading to global oligopoly. According to
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The Value Of A Business Chain
Saint Joseph's University The Value of a Business Chain Exploring Wal–Mart's Key Advantage
Over The Competition Michael Cadwallader Foundations for BI: DSS600 Marvin Hagen June 26,
2015 Introduction Throughout the course of this year's studies, much attention has been devoted to
the importance of understanding the value of a business's value chain. The foundations for a
successful business can perhaps emerge in a number of different areas, but there is little doubt that
an optimal value chain is critical to starting an organization down the path towards enduring
success. This paper focuses on a company – Wal–Mart – with which the writer is intimately familiar,
largely because of time spent working there. How is the value ... Show more content on
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Defining the value chain A value chain adds value to raw materials as they pass through the
production process and then, inevitably, through the marketing and sales process. In a broad sense, it
is about identifying value via identifying areas of comparative advantage and how the organization
can bolster its market standing and its overall value and impact. It may also be noted that the value
chain is, for all intents and purposes, all internal activities and processes within the organization that
yield outputs in one form or another. It entails (or should entail) everything from channel objectives
to distribution strategy to marketing program supports to supplier configuration and collaboration to
communication plans (Burrows et al, 2012). Porter (1985) earned international fame by offering a
very comprehensive and insightful overview of the value chain. He took a process view of
organizations and perceived organizations as being, for all intents and purposes, a system (with sub–
systems and even further sub–systems) that take inputs and transform them into outputs. There are
transformational processes that manifest themselves all along the value chain and, ultimately, can
determine cost and profit outcomes. The acquisition of resources, and the consumption of resources,
largely determines how an organization finds value and optimizes it. In the view of Porter (1985),
the
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Tesco Mission Statement Essay
Title: Vision and Mission statements are not necessary to create great organizations'. Do you agree
or disagree with this
Mission and Vision
A mission statement communicates the organization's reason for being, and how it aims to serve its
key stakeholders, customers, suppliers. It defines the purpose and values of the organization. A
mission statement talks about the present leading to its future. It helps in tactical planning.
A vision statement is sometimes called a "picture of your company in the future" but it is so much
more than that. Vision statement is the inspiration, the framework for all strategic planning of the
organization.
Vision statement articulates dreams and hopes of business. The mission statement lays out the
organization's "purpose for being," and the vision statement is ... Show more content on
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Tesco's management recognize the key role that its mission, vision and strategies play in its success
and use a range of key performance indicators (KPIs) to monitor and evaluate its performance.
Tesco is one of the largest retailers in the world. This success has not come about by chance but is
the result of effective leadership and management. The setting of a clear vision is central to Tesco's
success, supported by a commitment to establishing and monitoring specific objectives and devising
strategies to ensure these are achieved.
According to some researches, since vision and mission statement effect strategic management of
the organization, the firms that have a formalized mission statement have twice the average return
on shareholders' equity than those firms without a formalized mission statement. Another report
show that there are 30 percent higher return on certain financial measures between the firms use
mission statement than those firm do not have it. Therefore, we can see the necessary of vision and
mission statement for a company in model business.
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Walmart : An Organization's Internal And External Environment
Companies must be able to provide environmental scanning. It is the monitoring of an organization
's internal and external environment. It helps to detect early signs of opportunities and threats that
may influence its current and future plans. Some strengths Walmart has internally is its cost
leadership and variety. However some internal weaknesses are the current labor related lawsuits,
which lead to high employee turnover. This also creates negative publicity. Within the store these is
sometimes little product differentiation making it difficult for customer to get exactly what they
desire. Some opportunities available for Walmart externally are the rising acceptance of private
label, trend of healthy eating, and increase in online shopping. Walmart is currently working on
growing on the opportunities though their strategic management. Threats that are external to the
company are the increasing competition and resistance from local communities. Walmart is working
on defeating these threats though their competitive advantages and the increase in Neighborhood
Walmart. Social responsibility is very important for companies. Companies should not be solely
focused on maximizing profits. They should develop the business with a positive relationship to the
society in which they operate. Organizations must behave ethically toward social, cultural,
economic, and environmental issues. Walmart has succeeded with social responsibility. The
company goes beyond compliance to make a
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Mnc's : Learn By Doing Or Before Doing?
MNC's – Learn by Doing or before Doing? Companies are constantly reinventing themselves in the
name of profit. International business strategies are one form by which companies are able to
successfully compete. There are numerous strategies capable of generating abnormal profits or
taking a company into bankruptcy. The spectrum holds no magic formula as a variety of resources
and capabilities is necessary to successfully compete. What works or is frowned upon in one market
can become a cash cow in another. This was demonstrated by Lenovo, who has continued to grow
despite declining sales in the U.S. computer market. Their ability to grow has been driven by
capturing share in emerging markets such as China (Gupta, 2012). ... Show more content on
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In this age of hyper competitive markets, a firm's ability to sustain a competitive advantage is reliant
on executing a strategy that creates a series of advantages over time (Wiggins & Ruefli, 2005).
Businesses and the people running these businesses are graded based on how they do on Wall Street.
Increased profits, positive company buzz, all help generate company value. Individuals running
successful companies are only as good as their last quarterly report. Businesses and their
stakeholders can be a fickle bunch. They require continued returns on their investment, creating a
what have you done for me lately atmosphere.
Many businesses can reach a point where they have saturated the market with current offerings, and
the pipeline of what's next has not arrived. One opportunity afforded to these businesses is to
consider expanding into other untapped markets. Depending on the nature of the business, and the
objectives of the company, opportunities can present themselves in developed or emerging
countries. Success within these countries begins with understanding their markets, and delivering an
offering that meets an unmet need, at a price point that makes it appealing to the target audience.
Understanding a new market's needs and developing a business model capable of delivering on
those needs relies on a solid strategy. A solid strategy is predicated on understanding barriers to
playing within the institutional framework. Understanding
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How Information Technology Influences The Inner Workings...
ONE.
A. An organization is a stable, formal social structure that takes resources from the environment and
processes to produce products. It essentially focuses on three basic elements, which are capital,
labor, and production. The technical definition of organizations is more stable than an informal
group, formal legal entities, and social structures. While a behavioral definition of an organization is
a collection of rights, missions, and responsibilities that are balanced over a period of time through
conflict and conflict resolution. This definition underlines the people within the organization, their
ways of working, and relationships. The technical definition demonstrates how a firm combines
capital, labor, and information technology. However, the behavioral definition shows how
information technology influences the inner workings of the organization.
B. The features of organizations include routines and business processes, organizational politics,
organizational culture, organizational environments, and organizational structure. Routines and
business processes are the operating methods have been developed, which make the organization to
become more productive and efficient, and the firm are able to reduce costs over time.
Organizational politics is different viewpoints about how resources, rewards, and punishments
should be distributed. Political resistance is one of the difficulties about the changing of new
information systems' development. Organizational culture
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Target Strategic Audit Essay
TARGET CORPORATION
STRATEGIC AUDIT
MGMT 7160
Fall 2013
Executive Summary
This report examines Target Corporation's performance in a detailed strategic audit. The audit
includes an external, internal and strategic analysis as well as a recommended course of action. The
findings of the audit recommend a robust on–line/mobile presence to complement in–store sales,
and to increase future earnings to remain competitive by building upon physical assets, brand value
and logistical capabilities.
The external analysis reveals that Target Corporation must address the threat of a growing online
and mobile commerce (e/m–commerce) market. Shoppers' behavior and the accompanying
technology are evolving. Sociocultural and ... Show more content on Helpwriting.net ...
Below is a broken down overview of areas that need to be addressed:
Research: Target needs to perform a detailed research on its e/m–commerce platforms and those of
the competition. Since Target is the follower, without spending too much in R&D it can take
advantage of what Amazon has proven to be working and internalize those practices that increase
number of visitors and transactions. Using focus group studies and split testing1 Target can pinpoint
aspects of the platforms that work well, and areas that need improvement. Therefore, interface and
content are the two areas of focus of the research.
1Split Testing: Experiments with two variables, one controlled and one varied; also known as A/B
testing.
Interface: The lay–out of Target.com and the mobile extension of the website as well as Target's
mobile app and its coupon app Cartwheel (currently under beta testing) need to be intuitively
designed to allow for easy navigation, selecting and comparing products and making payments.
Above all, as an extension of Target's in–store differentiation strategy, the company needs to
implement strong customer service features on all its digital platforms as well. This will include
friendly, well–English speaking customer service reps available 24/7 customers can talk to about
questions or technical problems with little or no waiting time.
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Walmart : The Largest Retailer Of The World Essay
1. Primary goods/services According to a recent Forbes article, Walmart continues to prevail as the
largest retailer in the world (The World's, 2016). Walmart is known for selling a variety of retail
items at "everyday low prices (EDLP)", a slogan that is the key foundation to their company's
strategy (Our Business, n.d.). The company puts an immense focus on their prices, to ensure they
are offering the lowest price compared to any local competitor. Walmart has three business divisions
(Walmart U.S., Walmart International and Sam's Club) in three primary store formats –
Supercenters, Discount Stores and Neighborhood Markets. Supercenters are typically opened 24
hours a day and are known for their one–stop shopping experience. These stores offer the largest
assortment products and services, combining disparate retail products like electronics, apparel, tools
& hardware and jewelry. They also offer grocery (deli, bakery, pharmacy) services in addition to
specialized services (check cashing, bill payment, automotive servicing) that would require visits to
multiple vendors (What Kind, n.d.). Discount Stores are smaller than a Supercenter though with the
restriction of limited hours and loss of the more non–retail services. Neighborhood Markets were
designed for local communities and focus on groceries and pharmacy. Besides their brick and
mortar establishments, Walmart also owns and operates Walmart.com and a propriatary mobile app
for most smart phones. 2. Primary
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The Marketing Environment Is Continuously Being Shaped By...
The marketing environment is continuously being shaped by the "irresistible force of technology–
driven change and innovation" – Winston and Edelbach (2012). The technologies available today
have altered the fundamental principles and the communication tools available to marketers. Further
discussed by Baines, Fill and Page (2011), the advent of the internet has allowed for the
development and adoption of digital resources, from mobile technologies to the social web;
including blogs, social networking sites, and multimedia services etc. Meaning, companies can now
compete anywhere on the globe, on multiple platforms, thanks to the internet. This has changed the
ways entire industries compete and how they now offer, previously unimaginable, customer value
and benefits (Capon 2012).
The digital shift has not only enhanced the communication methods of organisations, but has
arguably lead to a 'power shift' in favour of customers – is the customer king?
For decades, the traditional sales funnel process – the more passive people you push down the top of
the funnel, the more buyers will fall out the bottom – drove marketing behaviour (Field, 2012). In
essence, companies 'pushed' customers towards their products and services due to their perceived
need and value. If the customers falling through the funnel needed further information, then they
would acquire a company brochure, call the company help line or visit the retail store.
However, Capon (2012) believes, that the passive
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Developing Competitive Strategy : Team 3 Essay
Lesson 10 Developing Competitive Strategy – Team 3 1. Primary goods/services According to a
recent Forbes article, Walmart continues to prevail as the largest retailer in the world (The World's,
2016). Walmart is known for selling a variety of retail items at "everyday low prices (EDLP)", a
slogan that is the key foundation to their company's strategy (Our Business, n.d.). The company puts
an immense focus on their prices, to ensure they are offering the lowest price compared to any local
competitor. Walmart has three business divisions (Walmart U.S., Walmart International and Sam's
Club) in three primary store formats – Supercenters, Discount Stores and Neighborhood Markets.
Supercenters are typically opened 24 hours a day and are known for their one–stop shopping
experience. These stores offer the largest assortment products and services, combining disparate
retail products like electronics, apparel, tools & hardware and jewelry. They also offer grocery (deli,
bakery, pharmacy) services in addition to specialized services (check cashing, bill payment,
automotive servicing) that would require visits to multiple vendors (What Kind, n.d.). Discount
Stores are smaller than a Supercenter though with the restriction of limited hours and loss of the
more non–retail services. Neighborhood Markets were designed for local communities and focus on
groceries and pharmacy. Besides their brick and mortar establishments, Walmart also owns and
operates Walmart.com and a
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The Overall Impact Of Walmart 's Business Practices On Its...
Subject: The overall impact of Walmart's Business Practices on its Organization, employees, and
consumers. Abstract The purpose of this research paper is to identify organizational behavior issues
within the Walmart Corporation. The original company visionary and founder Sam Walton passed
away on April 5, 1992. Since his passing, Walmart has changed leadership. How has this change
affected the leadership, ethics, and culture of Walmart? This research paper will examine these
areas. Introduction A company's ethics stems from its values. A companies values come from the
visionary of the company. Sam Walton was the visionary and founder of the Walmart Corporation.
Walton's vision was based upon bettering people's lives and serving the good ... Show more content
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Reminding the entire company of what the firm's values are is how this can be achieved. Values are
important in how they look in the workplace. The only reason employees read the handbook is to
find out how much vacation time they will get. Major Issues in question Walton was a tremendous
learner when it came to trends and techniques. Walton embraced new technologies leading
associates in accepting his visions for a universal Walmart environment (Horrman, 1999). Sam
Walton died on April 5, 1992, but was active in the business until just a few months before his
death. On March 17, 1992, President George Bush called Walton "an American original who
embodied the entrepreneurial spirit and epitomized the American dream." Rob Walton replaced his
father as chairman of the company, and Wal–Mart carried on without its original visionary leader
(Chain Store Age, 1999). Sam Walton's simple value formula was to have everyday low prices for
the American working class. Walton's formula exhibited the most basic traits of successful
leadership: A clear, easy to understand vision; constant communication of the vision and consistent
adherence to it. It was not until Walton's death at age 74 that management of the company began to
shift away from this formula of success. Sam Walton's original visions was to make Walmart your
local neighborhood store where you could find whatever you needed for your home. Today Walmart
is
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Best Buy Internal and External Analysis
Internal Analysis: Core Competencies, Strengths and Weakness
The (RCC) / VC model is used to determine how Best Buy bundled its resources to create
capabilities and how these capabilities become the company's core competencies which will be their
source of competitive advantage.
TANGIBLE RESOURCES
Financial Resources
– Revenue growth slowed to a miniscule 1.6% over the course of fiscal year 2011.
– Domestic revenue reaches $37.1 billion while International revenue reaches $13.1 billion in 2011.
– Majority of Best Buy acquisitions of foreign electronics companies have been profitable.
– Domestic sales contribute 74% of the total gross revenues– $37.2 million compared to $13.1
billion from the international segment.
– Total revenue ... Show more content on Helpwriting.net ...
Best Buy can then set to achieve employee commitment, which will then result in customer
satisfaction.
Innovation Resources
– Best Buy stores offer the Best Buy Mobile store–within–a–store feature and access to Geek Squad
services.
– Brokered a deal with Brazilian Cruise Company to bring tourists to Best Buy as a stop on their
trip.
– Providing consultation services to business purchasers as well as showcasing products specifically
designed for business applications.
Best Buy not only does business–to–consumer but also on business–to–business sales. This allow
them to generate revenue from another market.
Reputational Resources
– Best Buy was seen as the team to beat by their competitors.
– Best Buy was named as "Amazon's showroom".
– Purchased almost 65% of its product from 20 suppliers with 5 of those (Apple, HP, Samsung,
Sony and Toshiba) providing almost 40% of its merchandise.
– 60% of Best Buy customer begin their research and shopping on the Best Buy website.
– Best Buy tap on the reputation of Jiangsu Five Star Appliance Company because it is the largest
retailers of consumer electronics and appliances in China.
– A reputation for providing superior sales assistance for a big box retailer.
Best Buy has both positive and negative reputation. However, they have converted the negative
reputation to positive by creating a
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Role Of An Employee And Manager Is Trust
Great Place to Work Criteria Great Place to Work Institute is an organization that has been around
for over 25 years. During this time they have surveyed millions of employees and have studied
thousands of businesses. Through their research they have established the definitive standard on
what a great workplace is. The key factor in common the relationship between an employee and
manager is trust. "There are nine practice areas where leaders and managers create an environment
of trust. Those areas are inspiring, speaking, listening, thanking, developing, caring, hiring,
celebrating, sharing". (Greatplacetowork.com, n.d.)
Great Place to Work Institute uses specific criteria to select the best places to work. "We look at
TRUST through two ... Show more content on Helpwriting.net ...
Comments are collected from open–ended questions on the employee survey that provide you with
your employees' perceptions of what makes your company a great workplace what could be done to
make it even better". (Greatplacetowork.com, n.d.)
"The Workplace Culture Assessment identifies gaps between the culture you intend to create and the
one that employees actually experience. Findings from the Culture Assessment uncover whether
your investments in specific programs and employee benefits are truly aligned with employee
values and interests. The Workplace Culture Assessment overlays an audit of your company culture
with an analysis and inventory of the policies, practices, programs and day–to–day management
behaviors that forms the foundation of your workplace culture". (Greatplacetowork.com, n.d.)
In my research about the criteria used in judging Great Place to Work, I felt like it would be
important to identify how the standards relate to Human Resource practices. Looking back at the
nine criteria used a few criteria stood out to me that relates to Human Resources practices. The first
being developing and hiring. Those two are crucial in Human Resources. Their role is to ensure
proper hiring practices to attract and retain talent for their organizations. If an employee is hired and
turns out not to be a good it for the company it can be a costly. Additionally, developing the
employees in the business is an important practice in Human
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Best Buy Internal and External Analysis
Internal Analysis: Core Competencies, Strengths and Weakness
The (RCC) / VC model is used to determine how Best Buy bundled its resources to create
capabilities and how these capabilities become the company's core competencies which will be their
source of competitive advantage.
TANGIBLE RESOURCES
Financial Resources
– Revenue growth slowed to a miniscule 1.6% over the course of fiscal year 2011.
– Domestic revenue reaches $37.1 billion while International revenue reaches $13.1 billion in 2011.
– Majority of Best Buy acquisitions of foreign electronics companies have been profitable.
– Domestic sales contribute 74% of the total gross revenues– $37.2 million compared to $13.1
billion from the international segment.
– Total revenue has been ... Show more content on Helpwriting.net ...
The online BestBuy.com provides superior assistance to customers making purchases. This website
also provides 24/7 human customer assistance, user forums, professional and customer reviews. All
the services were possible through acquisitions. Strong Customer Service will be able to provide a
reputable image in the heart of the consumer.
Marketing
Financial, Physical, Organizational, Technology, Reputation resources
Best Buy used to have a negative reputation. It was nickname as "Amazon's showroom" because
consumer browses the products in Best Buy and purchase it through Amazon's application. With the
online platform (Bestbuy.com), 60% of the Best Buy customers will start their research and
shopping at Bestbuy.com.
With Best Buy acquiring Five Star Appliance in China, the name has been brought into China,
opening up to more consumers. Even though it may not be profitable however now people in China
are getting more aware of Best Buy Company. After performing poorly, Best Buy decided to convert
it to Five Star Branded stores in China. All these show that Best Buy has the financial power to
repackage and adapt to difficult terrains.
Capabilities – Management
Valuable – YES
It is important to have a good management to direct Best Buy to the correct direction.
Rare – YES
Not a lot of company has the same management style.
Costly to imitate – YES
It will take a huge sum to retain
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Best Practices and Strategies
Discussion 1: Best Practices and Strategies Create a list of best practices for ensuring the human
resources function works effectively with top management and corporate governance. Best Practices
for ensuring the human resource functions works effectively with top management and corporate
governance will vary depending on the organization mission. However here is a view of best
practices that can be used: 1) Purpose: What is the basic reason for existence? 2) Mission: How have
the top managers decided to fulfill its purpose? 3) Corporate, Business, and Functional Strategies:
This is known as the strategic operations of a firm this the responsibility of the top managers. ...
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Provide a rationale for your answer. The business strategy that the Fruit Guys uses is the defender
strategy. Defender strategy: works best when a business operates in an environment with relatively
little uncertainty and risk and high degree of stability. The goal of the defender is to identify for
itself a relatively narrow niche in the market and then to direct a limited set of products or services
at the niche. After reviewing the website of the Fruit Guys, their niche is to provide fresh "healthy
brain food" as the fruit guys refer to it as such to the premises of the workplace. As healthy foods to
the office "can boost productivity, improve wellness and help companies improve their bottom line".
The Fruit Guys fills thousands of business of businesses in America with seasonal fresh fruit
varying from small family businesses, to major Fortune 500 companies. With their customers
sharing their idea on health, and the environment, this helps bring stability to the company, while
their employees bring in pride, giving high productivity levels. The five questions that the Fruit
Guys have based their strategy on is: I. Have we been respectful to the people we work with
employees, coworkers, and customers? II. Have we been responsible to their needs? III. Have we
been realistic with them about what we can or cannot do? IV. Can we take personal responsibility
for the
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1. Case Study
1. Case study – Women on the Right Track at CP Rail Women comprise nearly half of Canada's
workforce, but over the last two decades, they have made no progress in obtaining senior
management roles. This lack of success may deter younger women from entering certain professions
and from learning from role models. Furthermore, research shows that a lack of diversity can affect
retention, productivity, and innovation. Companies with more female senior managers have a higher
return on equity than those with lower rates of female senior managers. With this research in mind,
CP Rail undertook three initiatives to increase the number of women managers: * Each department
must have diversity goals. * Mentoring programs for females have ... Show more content on
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Empowered employees are vital to the success of the programs. Employees were first encouraged to
buy in before implementation through involvement in the development of the programs and
effective communication; new employees are given an orientation on the green programs; volunteer
teams meet monthly and discuss how to improve on the green programs; and there is an incentive
program for the green teams with the best results. Fairmont management claims that employees feel
empowered because they have an ownership in the programs. Questions 1. What arguments could
be advanced both for and against the use of employee empowerment? 2. Assume you are a manager
at Fairmont. What would you do differently to further empower employees? 3. Let us say that
employees begin to resist the changes and prefer to perform their traditional duties. How would you
manage such resistance and at the same time sustain empowerment? Case study # 3 – Onboarding at
capital power Capital Power is an independent power producer, based in Edmonton, Alberta, but
with operations across North America. It has an aggressive growth strategy with the goal of tripling
its generating capacity by 2020. With this strategy, Capital Power needs to increase its workforce of
950 employees and retain the talent
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Essay on Gender Discrimination at Walmart
Walmart, the world's largest retailer and private employer, has established a highly profitable
business centered on a low–cost strategy that utilizes logistical efficiencies to create a competitive
advantage. Yet, to maintain this low–cost strategy, Walmart has engaged in ethically questionable
practices, including gender discrimination in promotion and pay. While the Supreme Court recently
ruled against class certification of 1.5 million women in the Dukes v. Walmart case due to a lack of
proof that Walmart operated under a "general policy of discrimination", overwhelming evidence
demonstrates that gender discrimination is a persistent problem rooted in the culture of Walmart,
despite gender–neutral policies (Biskupic, 2011).
During ... Show more content on Helpwriting.net ...
The low female representation in management paradox is particularly interesting, given that
Walmart trumpets its practice of "promoting from within", boasting that 76% of store managers
come from the ranks of hourly associates (Lichenstein, 2007). Yet, statistician Richard Drogin found
that women receive significantly fewer promotions into Support Manager, Management Trainee,
Co–Manager and Store Manager positions than would be expected based on their representation in
"feeder pools" (Drogin, 2013). In particular, women received 2,952 fewer promotions than would be
expected into the "Management Trainee" position, a pre–requisite for assuming salaried,
management–level jobs, despite having longer tenures and higher performance review ratings than
male counterparts (See Appendix, Figure 7).
The subjective nature for enrollment in the management trainee program serves as a persistent,
structural impediment. With minimal oversight, store managers utilize a "tap on the shoulder"
system and exercise extreme latitude in candidate selection for management trainee positions
(Declaration Summaries, 2011). As a result, men averaged 2.9 years from date of hire until first
being promoted to Assistant Manager and 8.6 years from hire until first being promoted to Store
Manager, as compared to the 4.4 years and 10.1 years for women to be promoted to the same
positions (Drogin, 2013). This subjectivity extends beyond promotions to
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Walmart Case Study India
Walmart in India1: In 2010, Walmart planned to emerge as the biggest retailer in India by 2015.
Walmart named the business plan in India "Jai Ho", a Hindi phrase that means "let there be victory."
By the end of 2012, the company opened only 5 stores, well below the planned number of 22. The
media coverage of the expansion plan of Walmart in the India has focused mainly on the negative
impact of the entry of such a retail giant on the small retail businesses. The retail business in India
contributes to around 14 to 15 percent of the Indian GDP. A major portion of the Indian retail
shopping takes place in small groceries and retail shops in open markets. In most of the cases, the
seller is the owner. Continuous price bargaining is an ... Show more content on Helpwriting.net ...
According to latest MSCI Emerging Market Index, there are 24 emerging market in the world,
including China, India, Brazil, Russia and South Africa – also called the BRICS countries.
According to the World Bank, in 2013, the total GDP of BRICS countries was $15.8 trillion, putting
the BRICS in the third place after EU ($17.3 trillion) and US ($16.8 trillion). Therefore, without
going into the detail GDP of other developed and emerging economies, it can be inferred that the
importance of emerging countries in the global economy has been increasing over time. In view of
the increased significance of these economies, the current study is expected to provide some
additional light in the area of the legitimacy of multinational companies in emerging economies. 5.
Theoretical Development (if a deductive theory testing study) (3) a. Theoretical framework Since
managerial ties are distinct and inimitable, they can give firms substantial competitive advantages
(Tsang, 1998). Though it is a necessary condition, it is not sufficient for an increasing market–driven
economy (Tsang, 1998). Other factors of business growth, such as, pricing strategies, marketing,
and quality of product and services also play a significant role in determining firm performance
(Barney, 1991). In the social capital context, the nature of managerial social network can provide
information and resources. The concept of social
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Target Corporation Case Study
1– Market Share; Although Target Corporation is the fourth largest general merchandise retailer in
the United States, there is great potential for Target to increase its market share. Combined sales in
2001 for the five largest general merchandise retailers in the United States were over $366 billion.
Target Corporation's 2001 sales were $38.9 billion, approximately 11 percent. (Marketing )
SWOT
Strengths
Higher guilty and innovation products.
Exclusive partnership with designers.
Target REDcard, Target Visa ND Target Card.
Appearance of their stores.
Price matching of online retailers.
Weaknesses
Not as many location as Walmart.
High stock–out rate.
Limited visibility in international market.
No stories in Alaska, ... Show more content on Helpwriting.net ...
The organization falls under one or two people under a flat organization. It starts to spread out to
more employees as companies start to move into a functional organization.
Centered on job functions.
Small companies used to arrange by dept.
Create for heavily project– focused companies. Implementation, Resistance to Change, and Change
Quality
The broad generalization of the target company remains attached to the distinguished business
nature. The goods and services to the consumers to be attached to the several subgroups. In the
process of the Change Management on the quality, Quality issues matter a lot. The quality process
continued with the procedural understanding. The management of the quality issues matters because
the Porter Generic strategy model was the key indicator of the business. The business strategy
demands the one segment differentiation, and finally, the Target is there to label itself as the
differentiator. The generic model of strategy allows the Target offers as the wise paradigm of
merchandise (Golberg, Hoeft, & Noetzel, 2005).
Technology change
The target.com was the big launch with the objective virtually approaches the customers at the firm
level. The
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The Industrial Revolution
The backdrop of the industrial revolution highlights one of the most significant growths in human
history. Its development between the 18th and 19th century is often considered one of the leading
causes for globalisation (Dunphy, Griffiths & Benn, 2003). In spite of this, humanity did not foresee
the environmental consequences associated with the volatile expansion of the corporate world. To
reinforce this notion, leading Australian change theorists and researchers Dunphy, Griffiths and
Benn (2007) suggest that the emergent ecological crisis must be resolved in order to prevent a
"cataclysmic collapse of human civilisation" (friedman, 2009 cited in Benn et al, 2011, p.i). Albeit
alarming research, it has not triggered enough awareness ... Show more content on Helpwriting.net
...
However, despite this shift in societal values, the International Panel of Climate Change (ICCP) has
indicated that the time to implement sustainable practices is running short. Based on climate change
reports, our consumption rates are categorised within the "A1 Scenario"; this is where there is an
emphasis on societal development through economic growth. Consequently, this has lead to a
neglect of the environmental front, resulting in issues such as high carbon emissions, rising
temperatures and scarcity of non–renewable resources. In order to combat this issue, the IPCC
suggests that managers must simultaneously focus on both growth and sustainability, otherwise
known as the "B1 Scenario".
Even though organisations are able to identify the problem of sustainability, the unpredictable nature
of this issue causes managers to struggle. It is difficult for managers to find a balance between
satisfying organisational goals and meeting the society's standards of going green. While examining
an organisations structure, we often look upon the two main organisational change approaches –
organisational development and organisational transformation.
Organisational development is often seen as being the more conservative approach, as it develops
the organisational structure through an extended period of time. This approach has an emphasis that
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Walmart Strategic Analysis : Wal Mart
Luis Dotson
June 9, 2015
Term Paper
BUS–451
Prof. McAteer
Wal–Mart Strategic Analysis
Wal–Mart Stores Inc. helps individuals around the globe spare cash and live better – at whatever
time and anyplace – in retail locations, online and through their cell phones. Every week, more than
245 million clients and individuals visit our almost 11,000 stores under 65 flags in 28 nations and e–
trade sites in 11 nations. With financial year 2015 net offers of $482.2 billion, Wal–Mart utilizes 2.2
million partners around the world. (Wal–Mart Corporate) Wal–Mart is a superpower in the business
world and has been that way for 50+ years. Understanding how it got to this point and how it has
maintained its successful business model starts with its ... Show more content on Helpwriting.net ...
Before proceeding onward to Wal–Mart, Walton opened 14 five and dime stores somewhere
between 1951 and 1962. Walton 's model rested in the conviction that rebate stores could flourish in
residential communities, with populaces of 5,000 or less, and on the off chance that you sold items
at the least expensive value conceivable, thus, profits would rise. He suggested to the Butler
brothers of Ben Franklins that they cut their prices down the middle, and the siblings declined. Sam
chose to go on alone, and that is the way Wal–Mart was conceived.
The premier Wal–Mart location opened in 1962 in Rogers, Arkansas. Walton and his wife Helen set
up 95% of the cash for the endeavor. Only six years after the fact Wal–Mart started extending
outside of Arkansas State. Wal–Mart stores opened in two more southern states, Missouri and
Oklahoma. On October 31, 1969, Wal–Mart had become incorporated. In 1971, Wal–Mart stock had
its first 100% part and was sold at a stock price of price of $47. By 1972, Wal–Mart was being
traded on the New York Stock Exchange. By its 18th birthday, Wal–Mart turned into the speediest
organization to reach $1 billion in sales. The chain included 276 stores, 21,000 partners, $1.248
billion in sales. All through the 1980s, Wal–Mart developed to have areas in 13 new states. By 1991,
Wal–Mart proceeded onward to the international business sector, opening its first
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Wal Mart Is A Public Corporation
Founded by Sam Walton, Wal–Mart is a global discount retailer headquartered in Bentonville, a
small city in Arkansas, USA. Wal–Mart is a public corporation, the largest public corporation by
revenue, one of the biggest retailers in the world, and its stock is traded in several international
stock exchanges. Walmart has grown over the last 50 years, nearly 260 million customers visit our
more than 11,500 stores under 63 banners in 28 countries and ecommerce sites in 11 countries each
week. With fiscal year 2016 revenue of $482.1 billion, Walmart employs 2.3 million associates
worldwide 1.5 million in the U.S. Wal–Mart provides general merchandise: family apparel, health &
beauty aids, household needs, electronics, toys, fabrics, crafts, ... Show more content on
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Key financial ratios for retailers focus on aspects of income, liquidity and profitability. It is crucial
for retail stores to consider key financial ratios, however, is just the starting point. Once calculated,
the comparison of these ratios to industry standards would serve as targets to improve and review
their own performance over time. Through comparison and trend analysis, managers can further
identify key areas of weaknesses that may need immediate attention. Considering income retail
managers turn to the gross margin as an indication of the sales dollars remaining after subtracting
the costs of purchasing merchandise. Managers use this as a key indicator of their ability to convert
existing inventory into future cash. Audit planning provides specific guidelines that auditors need to
follow when conducting an external audit. External public accounting requires external audit to
ensure that the outside stakeholders and ensure that the company financial statements are prepared
in accordance with the GAAP or IFRS. To create the audit plan for Wal–Mart Stores Inc. it requires
that I understand the entity, its environment and its external control system. My audit plan will
involve assessing risk of material misstatement that
... Get more on HelpWriting.net ...
Internal Analysis of the Disney Company
Internal Analysis
The financial ratio analysis of a company is a useful indicator to measure the success of a company.
By comparing financial ratios between companies in the same industry (competitors) it is a useful
way for investors and shareholders to determine the financial health and/or the sustainability of a
company. Disney's main competitors within the industry include Time Warner and 21st Century
Fox. There are five key areas of comparison that provide excellent financial analysis of a company.
They are short–term solvency, long–term solvency, asset management, profitability, and market
value.
Liquidity Ratio
The short–term solvency ratio is a measurement used to measure how well a company is able to
meet debt obligations. ... Show more content on Helpwriting.net ...
For 2013 Fox had the highest ROE, which was 35.05. However Disney has been consistent over the
past three years with a ROE around 14, whereas Fox's ROE is much more volatile (jumping up to
35.05 in 2013 from 4.34 in 2012). Disney's ROE is therefore the more reliable and better indicator
of the company's continued growth and profitability.
Market Value Ratio
Market value ratios are probably the most important ratios for any publicly traded company; it's an
indicator of how well the company is perceived as a whole. It reflexes how investors view the future
performance and risks of the company. One such market value ratio that is used commonly is the
cash flow per share ratio. This ratio is measured by taking the operating cash flow – preferred
dividends divided by the common shares outstanding. This ratio is more reliable than the EPS or
earnings per share ratio because it is less likely to be manipulated. Because of this the cash flow per
share ratio is judged to be a better indicator of a company's strength and position within the market.
For 2013 Disney had the highest cash flow per share ratio amongst its competitors which was
valued at 5.29. This was slightly better than Time Warner's which was 4.04 and was significantly
better than Fox's 1.28.
Overall Disney is in a better financial position than its competitors Time Warner and Fox. Disney's
financial ratios have been rising at a pretty consistent rate which shows Disney's stability and
... Get more on HelpWriting.net ...
Kraft Food Inc's Hostile Takeover of Cadbury
Introduction A multinational company of Kraft Foods is an American firm doing the business for
food and beverage. It produces belong to a global markets and has many brands that over 170
countries (Kraft Foods, 2011). And its brands are divided into five main sectors: snacks, beverages,
cheese, grocery, and convenient meals. The major competitors of Kraft are Nestlé S.A.; Unilever;
ConAgra Foods, Inc.; Groupe Danone; H.J. Heinz Company; Sara Lee Corporation; etc. One of the
world's fourth biggest suppliers of chocolate and sugar confectionery is Cadbury, which merged
with Schweppes in 1969. One of its products, which is Dairy Milk and it is very successful molded
chocolate in UK. The main products of Cadbury are bars, drinks, ice–cream ... Show more content
on Helpwriting.net ...
Bargaining power of suppliers: There are lots of farm in Brazil and South of American, so that the
bargaining power of suppliers is low in this industry and the buyers can compare and choose the
lower price and quality supplier (International Cocoa Organization, 2012). So, this is positive to the
business. Rivalry among established competitors: There are lots of companies around the world for
the confectionery industry that lead to this industry violent for the competition. So, this is negative
to the business. Bargaining power of buyers: According to the research, it showed that the demand
of chocolate confectionery industry had the potential for increasing, as the chocolate sales rose 28%
in 2008, and dark chocolate sales rose 12% (National confectioner Association, 2009). Thus, this is
positive to the business. Threat of entry: When a company entry to a new industry, a company
require lots of capital. Since the company needs to buy the plants, machines, etc. So, it lead a
company to have a large economic of scale. Moreover, it is difficult to access to supply and
distribution channels. Threat of substitute: In Walmart can find lots of related chocolate products
from different companies, that means there are lots of substitute for the customers (Walmart, 2012)
Potential partners: There are lots of benefits or advantages for the contractual partnership. The four
processes to build contractual partnership are appraising suitable strategic
... Get more on HelpWriting.net ...

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Compare And Contrast Marketing Strategy

  • 1. Compare And Contrast Marketing Strategy 2.2. Marketing strategy Nowadays, the concept of strategy in general and marketing strategy in particular appears very popularly in modern market. Oxford Advanced Learner's Dictionary (2005, p.1516) defines strategy as "a plan that is intended to achieve a particular purpose" or "the process of planning something or putting a plan into operation in a skilful way". Chandler, A. D. Jr (1962, p.7) views strategy as "the determination of the basic long–term goals and objectives of an enterprise and the adoption of courses of action and the allocation of resources necessary to carry out these goals". In another work, according to Anthony, R. N. (1965, p.15), strategy is "the process of deciding on objectives, on the resources used to attain these ... Show more content on Helpwriting.net ... & Amstrong, G, 2012). The most important point of this strategy is "difference". Moreover, that difference has to be valuable, unique and hard to copy. Differentiation advantage can only be achieved when a firm is able to obtain from its differentiation a price premium in the market which exceeds the cost of providing differentiation (Robinson J., 1933). To gain differentiation competitive advantage, the company will have to invest a big budget to its product research and development. However, to remain it is another story. Apple is one of the pioneers in implementing this strategy. – Focus: If the company cannot compete with both of the two above strategies, then it should think about focusing on occupying only one or a few market segments (niche market), with typical groups of customer. The customers of niche market are usually interested in either low price or differentiation, but other typical features instead. As these features are not popular, the product range of the companies following cost and differentiation cannot reach, and the company following focus strategy can avoid the fierce competition with the other two groups. Roll Royce is a typical example for this ... Get more on HelpWriting.net ...
  • 2. Critical Evaluation: “Marketing Does More Harm to Society... Nottingham University Business School MBA Programme Critical Evaluation: "Marketing does more harm to society than good" Kevin Stefan Ngo (010062) Module Title: N14M04 – Marketing Professor: Dr. Khong Kok Wei Word Count: 2,155 (Body Only) Table of Contents 1. Purpose 3 2. Introduction to Marketing 4 3. Harm of Marketing to Society 5 3.1 Criticism of Marketing in the 1950s 5 3.2 Modern Criticism of Marketing – Branding 6 4. Benefit of Marketing to Society 8 4.1 Product Improvement 8 4.2 Pricing, Distribution and Communication 9 5. Conclusion 10 6. Bibliography 12 1. Purpose The purpose of this paper is to critically evaluate the statement; "Marketing does more harm to society than good" This is ... Show more content on Helpwriting.net ... This relationship between consumption and welfare (happiness) was termed the "Dependence
  • 3. Effect" by Galbraith. Galbraith foresaw grave consequences flowing from this preoccupation with consumption and growth. He felt it imperiled economic security from the runaway growth in consumer debt that is part of the salesmanship activities (Stanfield, 1983). In Friedrich Hayek's 1961 response to the "Dependence Effect," he outlines why Galbraith's conclusion does not logically flow from previous examples and statements in the Affluent Society. Heyek's counter–argument is based consumers' acquisition of taste through cultural interactions and socialization versus through channels directed by want–creating activities of producers (Hayek, 1961). 3.2 Modern Criticism of Marketing – Branding In Naomi Klein's 2002 book, No Logo, she "skewered the role of brands in contemporary culture and the insidious power of corporations to infiltrate institutions throughout society, including schools and hospitals" (Rutland, 2009). This anti–corporate sediment was triggered by branding practices creating artificiality by stretching the notion of value and not taking into consideration aspects of corporate social responsibility. Brand equity mania in the 1980s was defined by the moment when Philip Morris purchased Kraft for $12.6 billion, an amount six times its book value. The price difference between balance sheet valuations and the price paid was attributed to the value of the ... Get more on HelpWriting.net ...
  • 4. Walmart Swot Analysis 3.4 SWOT Walmart's supply chain management has proved to be very effective, which has led the company to success. This case study analyzes the company's strengths and weaknesses, and factors in what threats they face, as well as what opportunities that they can exploit. 3.4.1 Strengths Walmart is a very powerful retail brand that represents affordability. Their number one strength is their efficient supply chain network. They offer "Everyday Low Prices" and have a consistent level of inventory. Walmart achieves this through their bargaining power with their suppliers. These suppliers offer "just–in–time delivery" of merchandise to Walmart locations. These strengths help maintain Walmart's market share and maintain customer loyalty. ... Show more content on Helpwriting.net ... Walmart needs to continually develop effective strategies to withstand the threats of substitutes and new entrants. And, strategies that address the bargaining power of buyers and suppliers. 3.5.1 Competitive Rivalry The following external factors are the most significant for Walmart to consider regarding competition: There is a large number of organization in the retail market with a large variety of retail products and services they provide with high aggressiveness they saw the efficiency of what Walmart is doing and they copied their supply chain strategy. Thus, Walmart experiences the strong force of these external factors in competitive rivalry in the retail industry environment. 3.5.2 Bargaining Power of Buyers Walmart faces a low bargaining power of buyer because the large population of buyers are individuals that buys small purchases that makes it difficult for them (buyers) to impose significant pressure on retail firms. So, in effect, the bargaining power of buyers is weak in influencing Walmart and other retail firms. 3.5.3 Bargaining Power of Suppliers Walmart's suppliers bargaining power is low. Since they used the Vendor Managed Inventory which meant their suppliers managed their own inventory at Walmart at the price Walmart wants which helps secure the lowest prices from its suppliers to sustain its everyday low price. Thus, the bargaining ... Get more on HelpWriting.net ...
  • 5. The Characteristics Of A Rolex As A High-Quality Products perceive that its attributes have better utility than its competitors. For example, a Rolex watch has attributes–such as design, styling, performance, and reliability–that customers perceive as being superior to the same attributes in many other watches. Thus, we can refer to a Rolex as a high– quality product Innovation Innovation refers to the act of creating new products or processes. There are two main types of innovation: product innovation and process innovation. Product innovation is developing something new with characteristics and attributes not known before. Examples are Intel's invention of the microprocessor in the early 1970s, Cisco's development of the router for routing data over the Internet in the mid–1980s, and Apple's development of the iPod, iPhone, and iPad in the 2000s. Process innovation is the development of a new process for producing ... Show more content on Helpwriting.net ... Improving the quality of a company's product offering is consistent with achieving responsiveness, as is developing new products with features that existing products lack. In other words, achieving superior quality and innovation is integral to achieving superior responsiveness to customers. Another factor that stands out in any discussion of responsiveness to customers is the need to customize goods and services to the unique demands of individual customers or customer groups. For example, the proliferation of soft drinks and beers can be viewed partly as a response to this trend. Better customer responsiveness can further be provided with superior design, and superior after–sales service and support. All of these factors enhance responsiveness to customers and allow a company to differentiate itself from its less responsive competitors. In turn, differentiation enables a company to build brand loyalty and charge a premium price for its ... Get more on HelpWriting.net ...
  • 6. Wal Mart And The United States One of the largest retailer in the United States is known to many of us as Wal–Mart; boasting over 3,500 domestic stores in the United States, with continued growth in their numbers...and about 1,300 locations in Canada, Mexico, the UK (only Western), Germany, Asia and South America (Mergent). Many of these stores include Supercenters, Sam's Clubs, and smaller Neighborhood Market centers. Wal–Mart primary focus is on based on six strategic merchandise units: grocery, entertainment, hardlines, health and wellness, apparel, and items for the home (Mergent). Since the begininning of the company in 1962, Wal–Mart has skillful continued growth and prosperity. With their long standing history of profitability and prominence thoughout North ... Show more content on Helpwriting.net ... In addition to the supercenters, Wal–Mart has also experienced much success with its Sam's Club stores. Essentially, it is a wholesale club owned by Wal–Mart that offers a large variety of products under one roof with discounted prices. Based out of industrialized buildings, this leaves room to buy twice as much as a much cheaper price. The products can be purchased in bulk, providing additional discounts on many products and services including gasoline, to its members. In today's fast paced society, it is not surprising that consumers can appreciate the benefit of one–stop–shopping. At Sam's Club locations, consumers can even shop online and have their products ready and available for pickup when they arrive. With Wal–Mart's many locations, the company also builds consumer confidence by accepting returns that have been opened, used, and even over 30 days old. One key to any successful business is meeting the demands of their customers and Wal–Mart's commitment of offering everything you need at one place for low prices is a large part of what keeps consumers coming back. With Wal–Mart 's international operations currently consist of over 5,000 stores and approximately 780,000 associates in 26 countries outside of the continental United States in places such as Argentina, China, Brazil, Mexico, India, and the United Kingdom (Wal–Mart). Although Wal–Mart operates under different names depending on the location, their commitment to save people money by ... Get more on HelpWriting.net ...
  • 7. Company Profile : Products And Financial Status Company Profile: Products and Financial Status One of the largest retailer in the United States is known to many of us as Wal–Mart; boasting over 3,500 domestic stores in the United States, with continued growth in their numbers...and about 1,300 locations in Canada, Mexico, the UK (only Western), Germany, Asia and South America (Mergent). Many of these stores include Supercenters, Sam's Clubs, and smaller Neighborhood Market centers. Wal–Mart primary focus is on based on six strategic merchandise units: grocery, entertainment, hardlines, health and wellness, apparel, and items for the home (Mergent). Since the begininning of the company in 1962, Wal–Mart has skillful continued growth and prosperity. Its long standing history of ... Show more content on Helpwriting.net ... With Wal–Mart's many locations, the company also builds consumer confidence by accepting returns that have been opened, used, and even over 30 days old. One key to any successful business is meeting the demands of their customers and Wal–Mart's commitment of offering everything you need at one place for low prices is a large part of what keeps consumers coming back. With Wal– Mart 's international operations currently consist of over 5,000 stores and approximately 780,000 associates in 26 countries outside of the continental United States in places such as Argentina, China, Brazil, Mexico, India, and the United Kingdom (Wal–Mart). Although Wal–Mart operates under different names depending on the location, their commitment to save people money by offering low prices stays the same. In the financial year 2011, Wal–Mart 's international division revenue was over $109 billion, nearly 25% of total revenue. Generally, Wal–Mart's reputation of offering quality and low cost products and its presence in the global market helps keep the company strong. Wal–Mart's strategic growth plan is aggressive and evident in the number of retail stores it operates domestically and internationally. The wide array of stores built to suit local economies enables them to attract a wide array of customers and keep their sales growing. In the financial year ending January 31, 2011 the company recorded total sales amounting ... Get more on HelpWriting.net ...
  • 8. What Leadership Behaviors And Management Systems Support... negative consequence of getting to be subject to outer assets for consistent change and of accomplishing just sporadic, transient enhancements. Pietro Fiorentini has rather turned into a position of experimentation, in which the learning, methodologies and systems of the best counselling firms are contrasted and joined and inward information and with the excitement and vitality of the organization 's kin. For sure, it is an interesting generation and administration model. ________________________________________ WHAT LEADERSHIP BEHAVIORS AND MANAGEMENT SYSTEMS SUPPORT THIS NEW WAY OF WORKING? Not just did Mario backing and support the change, yet he likewise was the genuine maker and "motor" of the utilization of incline at Pietro Fiorentini. The bolster he gave was not constrained to authority advancing "an incline venture," as it is frequently the case in the normal hierarchical change activity. Rather, it implied that he was completely required in the incline venture, turning into its initiator and driver. He drove the change first–hand, for instance by joining in each movement of the procedure, from the upgrading of the design to the production of assembling cells and the dispatch of kaizen weeks. This was conceivable in light of Mario 's significant comprehension of the standards and strategies of incline considering, which originates from direct experience increased through years of concentrating on (his incline library is entirely noteworthy), through his ... Get more on HelpWriting.net ...
  • 9. Walmart Organizational Management Walmart Organizational Management Name Institution Affiliation Organizational Context Wal– Mart Stores Inc. or Walmart is a multinational retail organization that has numerous chains of large discount warehouse and general stores. The company was formed in 1962 by Sam Walton as a family–owned business. It was incorporated in 1969 and traded on the Stock Exchange of New York publicly in 1972. Since then this organization has grown strength to strength winning various accolades. In 1988, it was ranked as the most profitable retail business in America outselling competitors such as K–Mart and Sears in the retail business (Fishman, 2006). It was founded on Sam Walton's quest for providing goods and services at relatively low or ... Show more content on Helpwriting.net ... This has made it become the ultimate choice for many customers as a variety of quality goods and services are accessed under one establishment. Its high number of stores world over has made it an enviable brand that has penetrated in different markets with tailored products. Regulatory Group: Walmart as a multinational brand employs internal self regulation through its regulatory group, the Global Ethics Office. It has a Statement of Ethics that govern its operations worldwide with associates and third parties (Fishman, 2006). The associates in this case are citizens of different nationalities who are subjected to different customs, cultures and laws. Third parties covered in this statement are consultants, suppliers, law firms, contractors, public relations firms and other service providers. This statement of ethics provides rules and regulations that govern all relationships and operations that the organization partakes. The Global Ethics Office receives ethical concerns and issues that face the organization and has mechanisms to ensure that Walmart enforces discipline and quality delivery of services. It also takes into consideration customer complaints and suggestions. General Environment Economic Environment: Despite several cyclical economic downturns, Walmart has continued to record sales growth. The company's global associates have been doing relatively well in terms of sales and job creation. This financial year alone, this ... Get more on HelpWriting.net ...
  • 10. The Structural Characteristics Of The Television... QUESTION 1 – Sony's TV Business Keeps Fading to Red 1. Discuss the structural characteristics of the television manufacturing industry using the Five Competitive Forces. a. Competitors: The competition is really high in the television manufacturing industry because there are several major players. Therefore, price competition is created. b. Substitutes: The internet and the computer is a strong substitute since all channels can be accessed on the web as well. Furthermore, small and hand held devices like IPhones and IPads are also substitutes. c. New entrants: The threat of new entrants is low since the television manufacturing market is fading away. High capital requirements, switching costs and economies of scale are barriers to entry. In addition, the television manufacturing industry market is saturated with competitors. d. Power of buyers: The power of buyers in this industry is high. The main reason for this is that several of the buyers have multiple choices to choose from. Many competitors are offered discounts and gifts in order to attract buyers. Another reason is online shopping. It has increased the bargaining power of buyers. Buyers are price sensitive and demand very high quality. e. Power of suppliers: The bargaining power of suppliers is low. Television manufacturers represent big contracts for suppliers. They are forced to cut their prices. Many manufacturers are starting to produce their own components in–house. This was they have on costs and time of ... Get more on HelpWriting.net ...
  • 11. The Relationship Between Unique Resources and Competitive... The Relationship between Unique Resources and Competitive Advantage for Mega–Retailers Introduction In an increasingly globalized marketplace, some corporations are succeeding while others are failing by virtue of a valuable competitive advantage. Although competitive advantages can assume a wide range of forms, they are typically characterized by a combination of skills and technology that provide improved efficiencies and economies that facilitate firm performance and profitability. In some cases, competitive advantages are readily apparent while in other cases such attributes may be less easily discernible. To gain some fresh insights into this area with respect to the global retailing sector, this paper provides a review of the relevant literature concerning Walmart, Carrefour and Tesco to determine the extent to which their respective competitive advantages are due to the possession of unique resources. A summary of the research and important findings are presented in the paper's conclusion. Review and Analysis Background and Overview There are countless sources of competitive advantage available to help companies of all types and sizes grow their business and improve their profitability, provided that business leaders know where to look. Aristotle Onassis believed that the secret to business success was simply "knowing something that nobody else knows," while organizational behavior theorists believe that the secret to success requires acquiring and sustaining a ... Get more on HelpWriting.net ...
  • 12. A Comparative Study of Walmart A Comparative Study of Walmart Operations in Canada & Mexico Table of Contents 1. Executive Summary..............................................................................2 2. Introduction.....................................................................................3 3. Walmart and the Canadian Marketplace...............................................3 A. Country Competitiveness B. Cultural Environment C. Political and Legal Environment D. Entry Strategies 4. Walmart and the Mexican Marketplace................................................10 A. Country Competitiveness B. Cultural Environment C. Political and Legal Environment D. Entry Strategies 5. Summary Comparison of Canadian and Mexican Markets.........................18 6. Recommendation...............................................................................19 7. References.......................................................................................21 1. Executive ... Show more content on Helpwriting.net ... (Walmart, 2012) The company announced a $750 million, 73–store expansion plan in early 2012. A. Country Competitiveness A large multinational company such as Walmart experiences different opportunities and challenges in the countries in which it does business. Walmart being the largest retailer in the world, must adapt to varying business environments. Canada's competitiveness relative to Walmart's expansion is viewed through Porter's diamond framework. Country–Level Determinants The passage of NAFTA represented an enticing opportunity for Walmart to capitalize on the discount store industry, of which only Zellers and K–Mart had a presence in. NAFTA also paved the road for Walmart's expansion into Canada. The agreement had the intention of creating job and economic growth as well as eliminating tariffs and controls on goods transported amongst the three countries. This phenomenon of internationalization created openness and capability for Walmart to capitalize on goods production in one country, followed by movement and sales in the other. Moreover, currency valuation in present day represents an opportunity for retailers to expand into the Canadian market. Due to the strong Canadian dollar, the economic conditions are enticing for any retailer looking to expand – a key reason why Target has transitioned into the market. At the time of acquisition, Woolworth took ownership of the $45–million ... Get more on HelpWriting.net ...
  • 13. Sustainability In Marketing The Relevance of Sustainability in Marketing Decision Making Introduction Sustainable marketing calls for socially and environmentally responsible actions that meet the present needs of consumers and businesses while preserving and enhancing the ability of future generations to meet their needs (Kotler & Armstrong 2012, p. 582). The aim of sustainable marketing is to satisfy the customer's the needs and wants while also putting high emphasis on the environment and the social issues and thus creating profits in a socially responible way. Mention triple bottom line While traditional marketing is a process by which companies create value for customers and build strong customer relationships in order to capture value from customers ... Show more content on Helpwriting.net ... Walmart constantly initiates sustainability initiatives which postively affects the customer's environmental behaviors, employees and its suppliers. It also promotes sustainablity to its employees by initiating 'personal sustainability project' (PSP) where employees are committed to responsible acts in front of their coworkers like from quitting smoking to replacing their lighting system at their house with energy saving bulbs. Because Walmart operates under very stringent environmentally focused practices they also enforce many laws to its suppliers to examine the carbon life cycle of their products and change the way they manufacture, package and transport the goods. This strategy saves Walmort extra costs which in turn reduce costs on the poducts they sell and which adversely can save customers money. This creates a win–win scenario for both Walmart and its ... Get more on HelpWriting.net ...
  • 14. Walmart 's Reputation For Unfair Labor Practices Walmart is the one of the biggest retailers in the United States and one of the foremost and influential corporations in America. It has become one of America 's most successful retail chains by offering "everyday goods at low prices" for middle and lower class families. Even with all of its financial success, the company cannot open a store without dealing with an abundance of protest groups. Walmart always overcomes these groups, but nonetheless there is always opposition against them. Walmart has had a reputation for unfair labor practices by refusing unionization, offering really low wages, and discrimination. The protest groups defend local store owners, the environment, employee salaries, and discrimination against various minority groups. Walmart displays an image of being charitable and giving back to the community, but they are responsible for unjust and discriminating actions in the United States. To maintain its low–cost strategy, Walmart has been involved in ethically questionable practices, including gender discrimination in promotion and pay. While the Supreme Court recently ruled against class certification of 1.5 million women in the Dukes v. Walmart case due to a lack of proof that Walmart operated under a "general policy of discrimination", there is much evidence that shows that gender discrimination is still a problem rooted in the culture of Walmart, despite gender–neutral policies (Biskupic, 2011). During the 1950's and 60's in northwest Arkansas, a ... Get more on HelpWriting.net ...
  • 15. Walmart's Compliance Issues Walmart Compliance Issues Introduction Walmart is now a trans–national corporation. All such corporations have major problems in the labor front. The reasons are various. Firstly Wal–Mart's motto is to give quality goods at very cheap prices. All its operations are therefore designed to that end. Walmart has suppliers who offer competitive prices. Since the company has to serve various parts of the globe, they have the policy of sticking to the most reasonable prices. Thus the awareness of cost, customers, and need for investing in continuous improvement and the bifurcation of the various retail units to small supplier stores as individual firms have made the company's functions seamless and cost effective. However it cannot be sustained for long and the natural result is that the company looks out for cheap labor and less cost of production and supply units. Thus it regards the labor at the overseas units as lesser and tries to push costs down. Thus it can be seen that in controlling cost and being conscious of costs the company has all along made the labor at the receiving end. (Christopherson; Lillie, 2005) In a research on major multinational retail firms, like IKEA and Wal–Mart, the fact is noted that there is a new era of labor standards. The global labor concerns are coming to the fore and the rights of labor all over the globe are being enforced by the nations, and secondly the multinationals find it better to enforce their voluntary codes rather than through ... Get more on HelpWriting.net ...
  • 16. Walmart : An American Multinational Retail Company Essay Introduction– Walmart is an American multinational retail company that operates a series of discount department stores and warehouse stores. The company 's headquarters is located in Bentonville, Arkansas, the company was founded by Sam Walton in 1962, incorporated on October 31, 1969. Enter in Germany market– In 1997, Wal–Mart entered the German retail market by acquiring failing German retail chain stores Wertkauf but encountered problems quickly. The Wal–Mart has proved a resounding success in the United States by providing everyday low price guarantee, inventory control, and effective distribution. (Introduction) 1. Task–1 Develop, implement and review customer service standards. 1.1 Customer requirements are reliably identified through consultation with customers and key informants and through market research or other information collection techniques. Customer requirements are reliably identified through consultation with customers– for this purpose they had clearly focused on customer's feedbacks about the company and its service. So when they get the feedback from the customer then the whole company decided to change their policy according to the Germany culture. For example– according to one feedback , Germany people are efficient and spend less time in shops, however Wal–Mart shops were placed in long distance that why the reason customer will have to spend more time for shop. Which Germany doesn't like it? For this conclusion Mallart decided to place ... Get more on HelpWriting.net ...
  • 17. Walmart in China 2012 第 15 屆科技整合管理研討會 June 16, pp1–17 Culture Implications for the Operations StrategyWalmart Experience in China Ming–Ling Chuang1 James J. Donegan2 Michele W. Ganon3 Abstract Many multinational corporations are aware of the topology of the Chinese market, what they lack is an in–depth understanding and the skills needed for effective operations. The paper describes the challenges faced by walmart as it attempts to replicate in China their lean retailing successes elsewhere in the world. Walmart has so far failed to extend their oligopolistic dominance to the Chinese market. We identified some issues: (1) the formation of partnership alliances and their impact on store location choice; (2) the effect of under–developed ... Show more content on Helpwriting.net ... II. Literature Review and Framework An interdisciplinary research agenda has arisen in the past two decades to study the significance of emerging retail MNCs as part of the process of globalization. The internationalization of retailing has been a central topic in the business literature particularly in retail management (Alexander 1997; Alexander and Quinn, 2002; Bianchi and Arnold, 2004; Goldman, 2001; Tseng and Foster, 2006; Palmer 2005; Cao and Dupuis, 2009). The issues studied in that literature include motives for internationalization, modes of market–entry, retail format transferability, organizational learning and strategic failure and divestment. Scholars in economic geography have also contributed to this literature stream (Aoyama, 2007; Christopherson, 2007; Wrigley et al., 2005; Reardon et al., 2007). Topics include the impact of the host economy on market entry, the role of the institutional environment of the home market and the host market entered and divestment. Researchers in agricultural and developmental economics have studied the supermarket revolution in developing countries (Reardon and Hopkins 2006; Hu et al., 2004; and Humphrey, 2007). Researchers across the board have argued that the simultaneous process of internationalization and concentration of retail MNCs is leading to global oligopoly. According to ... Get more on HelpWriting.net ...
  • 18. The Value Of A Business Chain Saint Joseph's University The Value of a Business Chain Exploring Wal–Mart's Key Advantage Over The Competition Michael Cadwallader Foundations for BI: DSS600 Marvin Hagen June 26, 2015 Introduction Throughout the course of this year's studies, much attention has been devoted to the importance of understanding the value of a business's value chain. The foundations for a successful business can perhaps emerge in a number of different areas, but there is little doubt that an optimal value chain is critical to starting an organization down the path towards enduring success. This paper focuses on a company – Wal–Mart – with which the writer is intimately familiar, largely because of time spent working there. How is the value ... Show more content on Helpwriting.net ... Defining the value chain A value chain adds value to raw materials as they pass through the production process and then, inevitably, through the marketing and sales process. In a broad sense, it is about identifying value via identifying areas of comparative advantage and how the organization can bolster its market standing and its overall value and impact. It may also be noted that the value chain is, for all intents and purposes, all internal activities and processes within the organization that yield outputs in one form or another. It entails (or should entail) everything from channel objectives to distribution strategy to marketing program supports to supplier configuration and collaboration to communication plans (Burrows et al, 2012). Porter (1985) earned international fame by offering a very comprehensive and insightful overview of the value chain. He took a process view of organizations and perceived organizations as being, for all intents and purposes, a system (with sub– systems and even further sub–systems) that take inputs and transform them into outputs. There are transformational processes that manifest themselves all along the value chain and, ultimately, can determine cost and profit outcomes. The acquisition of resources, and the consumption of resources, largely determines how an organization finds value and optimizes it. In the view of Porter (1985), the ... Get more on HelpWriting.net ...
  • 19. Tesco Mission Statement Essay Title: Vision and Mission statements are not necessary to create great organizations'. Do you agree or disagree with this Mission and Vision A mission statement communicates the organization's reason for being, and how it aims to serve its key stakeholders, customers, suppliers. It defines the purpose and values of the organization. A mission statement talks about the present leading to its future. It helps in tactical planning. A vision statement is sometimes called a "picture of your company in the future" but it is so much more than that. Vision statement is the inspiration, the framework for all strategic planning of the organization. Vision statement articulates dreams and hopes of business. The mission statement lays out the organization's "purpose for being," and the vision statement is ... Show more content on Helpwriting.net ... Tesco's management recognize the key role that its mission, vision and strategies play in its success and use a range of key performance indicators (KPIs) to monitor and evaluate its performance. Tesco is one of the largest retailers in the world. This success has not come about by chance but is the result of effective leadership and management. The setting of a clear vision is central to Tesco's success, supported by a commitment to establishing and monitoring specific objectives and devising strategies to ensure these are achieved. According to some researches, since vision and mission statement effect strategic management of the organization, the firms that have a formalized mission statement have twice the average return on shareholders' equity than those firms without a formalized mission statement. Another report show that there are 30 percent higher return on certain financial measures between the firms use mission statement than those firm do not have it. Therefore, we can see the necessary of vision and mission statement for a company in model business. ... Get more on HelpWriting.net ...
  • 20. Walmart : An Organization's Internal And External Environment Companies must be able to provide environmental scanning. It is the monitoring of an organization 's internal and external environment. It helps to detect early signs of opportunities and threats that may influence its current and future plans. Some strengths Walmart has internally is its cost leadership and variety. However some internal weaknesses are the current labor related lawsuits, which lead to high employee turnover. This also creates negative publicity. Within the store these is sometimes little product differentiation making it difficult for customer to get exactly what they desire. Some opportunities available for Walmart externally are the rising acceptance of private label, trend of healthy eating, and increase in online shopping. Walmart is currently working on growing on the opportunities though their strategic management. Threats that are external to the company are the increasing competition and resistance from local communities. Walmart is working on defeating these threats though their competitive advantages and the increase in Neighborhood Walmart. Social responsibility is very important for companies. Companies should not be solely focused on maximizing profits. They should develop the business with a positive relationship to the society in which they operate. Organizations must behave ethically toward social, cultural, economic, and environmental issues. Walmart has succeeded with social responsibility. The company goes beyond compliance to make a ... Get more on HelpWriting.net ...
  • 21. Mnc's : Learn By Doing Or Before Doing? MNC's – Learn by Doing or before Doing? Companies are constantly reinventing themselves in the name of profit. International business strategies are one form by which companies are able to successfully compete. There are numerous strategies capable of generating abnormal profits or taking a company into bankruptcy. The spectrum holds no magic formula as a variety of resources and capabilities is necessary to successfully compete. What works or is frowned upon in one market can become a cash cow in another. This was demonstrated by Lenovo, who has continued to grow despite declining sales in the U.S. computer market. Their ability to grow has been driven by capturing share in emerging markets such as China (Gupta, 2012). ... Show more content on Helpwriting.net ... In this age of hyper competitive markets, a firm's ability to sustain a competitive advantage is reliant on executing a strategy that creates a series of advantages over time (Wiggins & Ruefli, 2005). Businesses and the people running these businesses are graded based on how they do on Wall Street. Increased profits, positive company buzz, all help generate company value. Individuals running successful companies are only as good as their last quarterly report. Businesses and their stakeholders can be a fickle bunch. They require continued returns on their investment, creating a what have you done for me lately atmosphere. Many businesses can reach a point where they have saturated the market with current offerings, and the pipeline of what's next has not arrived. One opportunity afforded to these businesses is to consider expanding into other untapped markets. Depending on the nature of the business, and the objectives of the company, opportunities can present themselves in developed or emerging countries. Success within these countries begins with understanding their markets, and delivering an offering that meets an unmet need, at a price point that makes it appealing to the target audience. Understanding a new market's needs and developing a business model capable of delivering on those needs relies on a solid strategy. A solid strategy is predicated on understanding barriers to playing within the institutional framework. Understanding ... Get more on HelpWriting.net ...
  • 22. How Information Technology Influences The Inner Workings... ONE. A. An organization is a stable, formal social structure that takes resources from the environment and processes to produce products. It essentially focuses on three basic elements, which are capital, labor, and production. The technical definition of organizations is more stable than an informal group, formal legal entities, and social structures. While a behavioral definition of an organization is a collection of rights, missions, and responsibilities that are balanced over a period of time through conflict and conflict resolution. This definition underlines the people within the organization, their ways of working, and relationships. The technical definition demonstrates how a firm combines capital, labor, and information technology. However, the behavioral definition shows how information technology influences the inner workings of the organization. B. The features of organizations include routines and business processes, organizational politics, organizational culture, organizational environments, and organizational structure. Routines and business processes are the operating methods have been developed, which make the organization to become more productive and efficient, and the firm are able to reduce costs over time. Organizational politics is different viewpoints about how resources, rewards, and punishments should be distributed. Political resistance is one of the difficulties about the changing of new information systems' development. Organizational culture ... Get more on HelpWriting.net ...
  • 23. Target Strategic Audit Essay TARGET CORPORATION STRATEGIC AUDIT MGMT 7160 Fall 2013 Executive Summary This report examines Target Corporation's performance in a detailed strategic audit. The audit includes an external, internal and strategic analysis as well as a recommended course of action. The findings of the audit recommend a robust on–line/mobile presence to complement in–store sales, and to increase future earnings to remain competitive by building upon physical assets, brand value and logistical capabilities. The external analysis reveals that Target Corporation must address the threat of a growing online and mobile commerce (e/m–commerce) market. Shoppers' behavior and the accompanying technology are evolving. Sociocultural and ... Show more content on Helpwriting.net ... Below is a broken down overview of areas that need to be addressed: Research: Target needs to perform a detailed research on its e/m–commerce platforms and those of the competition. Since Target is the follower, without spending too much in R&D it can take advantage of what Amazon has proven to be working and internalize those practices that increase number of visitors and transactions. Using focus group studies and split testing1 Target can pinpoint aspects of the platforms that work well, and areas that need improvement. Therefore, interface and content are the two areas of focus of the research. 1Split Testing: Experiments with two variables, one controlled and one varied; also known as A/B testing. Interface: The lay–out of Target.com and the mobile extension of the website as well as Target's mobile app and its coupon app Cartwheel (currently under beta testing) need to be intuitively designed to allow for easy navigation, selecting and comparing products and making payments. Above all, as an extension of Target's in–store differentiation strategy, the company needs to implement strong customer service features on all its digital platforms as well. This will include friendly, well–English speaking customer service reps available 24/7 customers can talk to about questions or technical problems with little or no waiting time. ... Get more on HelpWriting.net ...
  • 24. Walmart : The Largest Retailer Of The World Essay 1. Primary goods/services According to a recent Forbes article, Walmart continues to prevail as the largest retailer in the world (The World's, 2016). Walmart is known for selling a variety of retail items at "everyday low prices (EDLP)", a slogan that is the key foundation to their company's strategy (Our Business, n.d.). The company puts an immense focus on their prices, to ensure they are offering the lowest price compared to any local competitor. Walmart has three business divisions (Walmart U.S., Walmart International and Sam's Club) in three primary store formats – Supercenters, Discount Stores and Neighborhood Markets. Supercenters are typically opened 24 hours a day and are known for their one–stop shopping experience. These stores offer the largest assortment products and services, combining disparate retail products like electronics, apparel, tools & hardware and jewelry. They also offer grocery (deli, bakery, pharmacy) services in addition to specialized services (check cashing, bill payment, automotive servicing) that would require visits to multiple vendors (What Kind, n.d.). Discount Stores are smaller than a Supercenter though with the restriction of limited hours and loss of the more non–retail services. Neighborhood Markets were designed for local communities and focus on groceries and pharmacy. Besides their brick and mortar establishments, Walmart also owns and operates Walmart.com and a propriatary mobile app for most smart phones. 2. Primary ... Get more on HelpWriting.net ...
  • 25. The Marketing Environment Is Continuously Being Shaped By... The marketing environment is continuously being shaped by the "irresistible force of technology– driven change and innovation" – Winston and Edelbach (2012). The technologies available today have altered the fundamental principles and the communication tools available to marketers. Further discussed by Baines, Fill and Page (2011), the advent of the internet has allowed for the development and adoption of digital resources, from mobile technologies to the social web; including blogs, social networking sites, and multimedia services etc. Meaning, companies can now compete anywhere on the globe, on multiple platforms, thanks to the internet. This has changed the ways entire industries compete and how they now offer, previously unimaginable, customer value and benefits (Capon 2012). The digital shift has not only enhanced the communication methods of organisations, but has arguably lead to a 'power shift' in favour of customers – is the customer king? For decades, the traditional sales funnel process – the more passive people you push down the top of the funnel, the more buyers will fall out the bottom – drove marketing behaviour (Field, 2012). In essence, companies 'pushed' customers towards their products and services due to their perceived need and value. If the customers falling through the funnel needed further information, then they would acquire a company brochure, call the company help line or visit the retail store. However, Capon (2012) believes, that the passive ... Get more on HelpWriting.net ...
  • 26. Developing Competitive Strategy : Team 3 Essay Lesson 10 Developing Competitive Strategy – Team 3 1. Primary goods/services According to a recent Forbes article, Walmart continues to prevail as the largest retailer in the world (The World's, 2016). Walmart is known for selling a variety of retail items at "everyday low prices (EDLP)", a slogan that is the key foundation to their company's strategy (Our Business, n.d.). The company puts an immense focus on their prices, to ensure they are offering the lowest price compared to any local competitor. Walmart has three business divisions (Walmart U.S., Walmart International and Sam's Club) in three primary store formats – Supercenters, Discount Stores and Neighborhood Markets. Supercenters are typically opened 24 hours a day and are known for their one–stop shopping experience. These stores offer the largest assortment products and services, combining disparate retail products like electronics, apparel, tools & hardware and jewelry. They also offer grocery (deli, bakery, pharmacy) services in addition to specialized services (check cashing, bill payment, automotive servicing) that would require visits to multiple vendors (What Kind, n.d.). Discount Stores are smaller than a Supercenter though with the restriction of limited hours and loss of the more non–retail services. Neighborhood Markets were designed for local communities and focus on groceries and pharmacy. Besides their brick and mortar establishments, Walmart also owns and operates Walmart.com and a ... Get more on HelpWriting.net ...
  • 27. The Overall Impact Of Walmart 's Business Practices On Its... Subject: The overall impact of Walmart's Business Practices on its Organization, employees, and consumers. Abstract The purpose of this research paper is to identify organizational behavior issues within the Walmart Corporation. The original company visionary and founder Sam Walton passed away on April 5, 1992. Since his passing, Walmart has changed leadership. How has this change affected the leadership, ethics, and culture of Walmart? This research paper will examine these areas. Introduction A company's ethics stems from its values. A companies values come from the visionary of the company. Sam Walton was the visionary and founder of the Walmart Corporation. Walton's vision was based upon bettering people's lives and serving the good ... Show more content on Helpwriting.net ... Reminding the entire company of what the firm's values are is how this can be achieved. Values are important in how they look in the workplace. The only reason employees read the handbook is to find out how much vacation time they will get. Major Issues in question Walton was a tremendous learner when it came to trends and techniques. Walton embraced new technologies leading associates in accepting his visions for a universal Walmart environment (Horrman, 1999). Sam Walton died on April 5, 1992, but was active in the business until just a few months before his death. On March 17, 1992, President George Bush called Walton "an American original who embodied the entrepreneurial spirit and epitomized the American dream." Rob Walton replaced his father as chairman of the company, and Wal–Mart carried on without its original visionary leader (Chain Store Age, 1999). Sam Walton's simple value formula was to have everyday low prices for the American working class. Walton's formula exhibited the most basic traits of successful leadership: A clear, easy to understand vision; constant communication of the vision and consistent adherence to it. It was not until Walton's death at age 74 that management of the company began to shift away from this formula of success. Sam Walton's original visions was to make Walmart your local neighborhood store where you could find whatever you needed for your home. Today Walmart is ... Get more on HelpWriting.net ...
  • 28. Best Buy Internal and External Analysis Internal Analysis: Core Competencies, Strengths and Weakness The (RCC) / VC model is used to determine how Best Buy bundled its resources to create capabilities and how these capabilities become the company's core competencies which will be their source of competitive advantage. TANGIBLE RESOURCES Financial Resources – Revenue growth slowed to a miniscule 1.6% over the course of fiscal year 2011. – Domestic revenue reaches $37.1 billion while International revenue reaches $13.1 billion in 2011. – Majority of Best Buy acquisitions of foreign electronics companies have been profitable. – Domestic sales contribute 74% of the total gross revenues– $37.2 million compared to $13.1 billion from the international segment. – Total revenue ... Show more content on Helpwriting.net ... Best Buy can then set to achieve employee commitment, which will then result in customer satisfaction. Innovation Resources – Best Buy stores offer the Best Buy Mobile store–within–a–store feature and access to Geek Squad services. – Brokered a deal with Brazilian Cruise Company to bring tourists to Best Buy as a stop on their trip. – Providing consultation services to business purchasers as well as showcasing products specifically designed for business applications. Best Buy not only does business–to–consumer but also on business–to–business sales. This allow them to generate revenue from another market. Reputational Resources – Best Buy was seen as the team to beat by their competitors. – Best Buy was named as "Amazon's showroom". – Purchased almost 65% of its product from 20 suppliers with 5 of those (Apple, HP, Samsung, Sony and Toshiba) providing almost 40% of its merchandise. – 60% of Best Buy customer begin their research and shopping on the Best Buy website. – Best Buy tap on the reputation of Jiangsu Five Star Appliance Company because it is the largest
  • 29. retailers of consumer electronics and appliances in China. – A reputation for providing superior sales assistance for a big box retailer. Best Buy has both positive and negative reputation. However, they have converted the negative reputation to positive by creating a ... Get more on HelpWriting.net ...
  • 30. Role Of An Employee And Manager Is Trust Great Place to Work Criteria Great Place to Work Institute is an organization that has been around for over 25 years. During this time they have surveyed millions of employees and have studied thousands of businesses. Through their research they have established the definitive standard on what a great workplace is. The key factor in common the relationship between an employee and manager is trust. "There are nine practice areas where leaders and managers create an environment of trust. Those areas are inspiring, speaking, listening, thanking, developing, caring, hiring, celebrating, sharing". (Greatplacetowork.com, n.d.) Great Place to Work Institute uses specific criteria to select the best places to work. "We look at TRUST through two ... Show more content on Helpwriting.net ... Comments are collected from open–ended questions on the employee survey that provide you with your employees' perceptions of what makes your company a great workplace what could be done to make it even better". (Greatplacetowork.com, n.d.) "The Workplace Culture Assessment identifies gaps between the culture you intend to create and the one that employees actually experience. Findings from the Culture Assessment uncover whether your investments in specific programs and employee benefits are truly aligned with employee values and interests. The Workplace Culture Assessment overlays an audit of your company culture with an analysis and inventory of the policies, practices, programs and day–to–day management behaviors that forms the foundation of your workplace culture". (Greatplacetowork.com, n.d.) In my research about the criteria used in judging Great Place to Work, I felt like it would be important to identify how the standards relate to Human Resource practices. Looking back at the nine criteria used a few criteria stood out to me that relates to Human Resources practices. The first being developing and hiring. Those two are crucial in Human Resources. Their role is to ensure proper hiring practices to attract and retain talent for their organizations. If an employee is hired and turns out not to be a good it for the company it can be a costly. Additionally, developing the employees in the business is an important practice in Human ... Get more on HelpWriting.net ...
  • 31. Best Buy Internal and External Analysis Internal Analysis: Core Competencies, Strengths and Weakness The (RCC) / VC model is used to determine how Best Buy bundled its resources to create capabilities and how these capabilities become the company's core competencies which will be their source of competitive advantage. TANGIBLE RESOURCES Financial Resources – Revenue growth slowed to a miniscule 1.6% over the course of fiscal year 2011. – Domestic revenue reaches $37.1 billion while International revenue reaches $13.1 billion in 2011. – Majority of Best Buy acquisitions of foreign electronics companies have been profitable. – Domestic sales contribute 74% of the total gross revenues– $37.2 million compared to $13.1 billion from the international segment. – Total revenue has been ... Show more content on Helpwriting.net ... The online BestBuy.com provides superior assistance to customers making purchases. This website also provides 24/7 human customer assistance, user forums, professional and customer reviews. All the services were possible through acquisitions. Strong Customer Service will be able to provide a reputable image in the heart of the consumer. Marketing Financial, Physical, Organizational, Technology, Reputation resources Best Buy used to have a negative reputation. It was nickname as "Amazon's showroom" because consumer browses the products in Best Buy and purchase it through Amazon's application. With the online platform (Bestbuy.com), 60% of the Best Buy customers will start their research and shopping at Bestbuy.com. With Best Buy acquiring Five Star Appliance in China, the name has been brought into China, opening up to more consumers. Even though it may not be profitable however now people in China are getting more aware of Best Buy Company. After performing poorly, Best Buy decided to convert it to Five Star Branded stores in China. All these show that Best Buy has the financial power to repackage and adapt to difficult terrains. Capabilities – Management Valuable – YES It is important to have a good management to direct Best Buy to the correct direction. Rare – YES Not a lot of company has the same management style.
  • 32. Costly to imitate – YES It will take a huge sum to retain ... Get more on HelpWriting.net ...
  • 33. Best Practices and Strategies Discussion 1: Best Practices and Strategies Create a list of best practices for ensuring the human resources function works effectively with top management and corporate governance. Best Practices for ensuring the human resource functions works effectively with top management and corporate governance will vary depending on the organization mission. However here is a view of best practices that can be used: 1) Purpose: What is the basic reason for existence? 2) Mission: How have the top managers decided to fulfill its purpose? 3) Corporate, Business, and Functional Strategies: This is known as the strategic operations of a firm this the responsibility of the top managers. ... Show more content on Helpwriting.net ... Provide a rationale for your answer. The business strategy that the Fruit Guys uses is the defender strategy. Defender strategy: works best when a business operates in an environment with relatively little uncertainty and risk and high degree of stability. The goal of the defender is to identify for itself a relatively narrow niche in the market and then to direct a limited set of products or services at the niche. After reviewing the website of the Fruit Guys, their niche is to provide fresh "healthy brain food" as the fruit guys refer to it as such to the premises of the workplace. As healthy foods to the office "can boost productivity, improve wellness and help companies improve their bottom line". The Fruit Guys fills thousands of business of businesses in America with seasonal fresh fruit varying from small family businesses, to major Fortune 500 companies. With their customers sharing their idea on health, and the environment, this helps bring stability to the company, while their employees bring in pride, giving high productivity levels. The five questions that the Fruit Guys have based their strategy on is: I. Have we been respectful to the people we work with employees, coworkers, and customers? II. Have we been responsible to their needs? III. Have we been realistic with them about what we can or cannot do? IV. Can we take personal responsibility for the ... Get more on HelpWriting.net ...
  • 34. 1. Case Study 1. Case study – Women on the Right Track at CP Rail Women comprise nearly half of Canada's workforce, but over the last two decades, they have made no progress in obtaining senior management roles. This lack of success may deter younger women from entering certain professions and from learning from role models. Furthermore, research shows that a lack of diversity can affect retention, productivity, and innovation. Companies with more female senior managers have a higher return on equity than those with lower rates of female senior managers. With this research in mind, CP Rail undertook three initiatives to increase the number of women managers: * Each department must have diversity goals. * Mentoring programs for females have ... Show more content on Helpwriting.net ... Empowered employees are vital to the success of the programs. Employees were first encouraged to buy in before implementation through involvement in the development of the programs and effective communication; new employees are given an orientation on the green programs; volunteer teams meet monthly and discuss how to improve on the green programs; and there is an incentive program for the green teams with the best results. Fairmont management claims that employees feel empowered because they have an ownership in the programs. Questions 1. What arguments could be advanced both for and against the use of employee empowerment? 2. Assume you are a manager at Fairmont. What would you do differently to further empower employees? 3. Let us say that employees begin to resist the changes and prefer to perform their traditional duties. How would you manage such resistance and at the same time sustain empowerment? Case study # 3 – Onboarding at capital power Capital Power is an independent power producer, based in Edmonton, Alberta, but with operations across North America. It has an aggressive growth strategy with the goal of tripling its generating capacity by 2020. With this strategy, Capital Power needs to increase its workforce of 950 employees and retain the talent ... Get more on HelpWriting.net ...
  • 35. Essay on Gender Discrimination at Walmart Walmart, the world's largest retailer and private employer, has established a highly profitable business centered on a low–cost strategy that utilizes logistical efficiencies to create a competitive advantage. Yet, to maintain this low–cost strategy, Walmart has engaged in ethically questionable practices, including gender discrimination in promotion and pay. While the Supreme Court recently ruled against class certification of 1.5 million women in the Dukes v. Walmart case due to a lack of proof that Walmart operated under a "general policy of discrimination", overwhelming evidence demonstrates that gender discrimination is a persistent problem rooted in the culture of Walmart, despite gender–neutral policies (Biskupic, 2011). During ... Show more content on Helpwriting.net ... The low female representation in management paradox is particularly interesting, given that Walmart trumpets its practice of "promoting from within", boasting that 76% of store managers come from the ranks of hourly associates (Lichenstein, 2007). Yet, statistician Richard Drogin found that women receive significantly fewer promotions into Support Manager, Management Trainee, Co–Manager and Store Manager positions than would be expected based on their representation in "feeder pools" (Drogin, 2013). In particular, women received 2,952 fewer promotions than would be expected into the "Management Trainee" position, a pre–requisite for assuming salaried, management–level jobs, despite having longer tenures and higher performance review ratings than male counterparts (See Appendix, Figure 7). The subjective nature for enrollment in the management trainee program serves as a persistent, structural impediment. With minimal oversight, store managers utilize a "tap on the shoulder" system and exercise extreme latitude in candidate selection for management trainee positions (Declaration Summaries, 2011). As a result, men averaged 2.9 years from date of hire until first being promoted to Assistant Manager and 8.6 years from hire until first being promoted to Store Manager, as compared to the 4.4 years and 10.1 years for women to be promoted to the same positions (Drogin, 2013). This subjectivity extends beyond promotions to ... Get more on HelpWriting.net ...
  • 36. Walmart Case Study India Walmart in India1: In 2010, Walmart planned to emerge as the biggest retailer in India by 2015. Walmart named the business plan in India "Jai Ho", a Hindi phrase that means "let there be victory." By the end of 2012, the company opened only 5 stores, well below the planned number of 22. The media coverage of the expansion plan of Walmart in the India has focused mainly on the negative impact of the entry of such a retail giant on the small retail businesses. The retail business in India contributes to around 14 to 15 percent of the Indian GDP. A major portion of the Indian retail shopping takes place in small groceries and retail shops in open markets. In most of the cases, the seller is the owner. Continuous price bargaining is an ... Show more content on Helpwriting.net ... According to latest MSCI Emerging Market Index, there are 24 emerging market in the world, including China, India, Brazil, Russia and South Africa – also called the BRICS countries. According to the World Bank, in 2013, the total GDP of BRICS countries was $15.8 trillion, putting the BRICS in the third place after EU ($17.3 trillion) and US ($16.8 trillion). Therefore, without going into the detail GDP of other developed and emerging economies, it can be inferred that the importance of emerging countries in the global economy has been increasing over time. In view of the increased significance of these economies, the current study is expected to provide some additional light in the area of the legitimacy of multinational companies in emerging economies. 5. Theoretical Development (if a deductive theory testing study) (3) a. Theoretical framework Since managerial ties are distinct and inimitable, they can give firms substantial competitive advantages (Tsang, 1998). Though it is a necessary condition, it is not sufficient for an increasing market–driven economy (Tsang, 1998). Other factors of business growth, such as, pricing strategies, marketing, and quality of product and services also play a significant role in determining firm performance (Barney, 1991). In the social capital context, the nature of managerial social network can provide information and resources. The concept of social ... Get more on HelpWriting.net ...
  • 37. Target Corporation Case Study 1– Market Share; Although Target Corporation is the fourth largest general merchandise retailer in the United States, there is great potential for Target to increase its market share. Combined sales in 2001 for the five largest general merchandise retailers in the United States were over $366 billion. Target Corporation's 2001 sales were $38.9 billion, approximately 11 percent. (Marketing ) SWOT Strengths Higher guilty and innovation products. Exclusive partnership with designers. Target REDcard, Target Visa ND Target Card. Appearance of their stores. Price matching of online retailers. Weaknesses Not as many location as Walmart. High stock–out rate. Limited visibility in international market. No stories in Alaska, ... Show more content on Helpwriting.net ... The organization falls under one or two people under a flat organization. It starts to spread out to more employees as companies start to move into a functional organization. Centered on job functions. Small companies used to arrange by dept. Create for heavily project– focused companies. Implementation, Resistance to Change, and Change Quality The broad generalization of the target company remains attached to the distinguished business nature. The goods and services to the consumers to be attached to the several subgroups. In the process of the Change Management on the quality, Quality issues matter a lot. The quality process continued with the procedural understanding. The management of the quality issues matters because the Porter Generic strategy model was the key indicator of the business. The business strategy demands the one segment differentiation, and finally, the Target is there to label itself as the differentiator. The generic model of strategy allows the Target offers as the wise paradigm of merchandise (Golberg, Hoeft, & Noetzel, 2005). Technology change The target.com was the big launch with the objective virtually approaches the customers at the firm level. The ... Get more on HelpWriting.net ...
  • 38. The Industrial Revolution The backdrop of the industrial revolution highlights one of the most significant growths in human history. Its development between the 18th and 19th century is often considered one of the leading causes for globalisation (Dunphy, Griffiths & Benn, 2003). In spite of this, humanity did not foresee the environmental consequences associated with the volatile expansion of the corporate world. To reinforce this notion, leading Australian change theorists and researchers Dunphy, Griffiths and Benn (2007) suggest that the emergent ecological crisis must be resolved in order to prevent a "cataclysmic collapse of human civilisation" (friedman, 2009 cited in Benn et al, 2011, p.i). Albeit alarming research, it has not triggered enough awareness ... Show more content on Helpwriting.net ... However, despite this shift in societal values, the International Panel of Climate Change (ICCP) has indicated that the time to implement sustainable practices is running short. Based on climate change reports, our consumption rates are categorised within the "A1 Scenario"; this is where there is an emphasis on societal development through economic growth. Consequently, this has lead to a neglect of the environmental front, resulting in issues such as high carbon emissions, rising temperatures and scarcity of non–renewable resources. In order to combat this issue, the IPCC suggests that managers must simultaneously focus on both growth and sustainability, otherwise known as the "B1 Scenario". Even though organisations are able to identify the problem of sustainability, the unpredictable nature of this issue causes managers to struggle. It is difficult for managers to find a balance between satisfying organisational goals and meeting the society's standards of going green. While examining an organisations structure, we often look upon the two main organisational change approaches – organisational development and organisational transformation. Organisational development is often seen as being the more conservative approach, as it develops the organisational structure through an extended period of time. This approach has an emphasis that ... Get more on HelpWriting.net ...
  • 39. Walmart Strategic Analysis : Wal Mart Luis Dotson June 9, 2015 Term Paper BUS–451 Prof. McAteer Wal–Mart Strategic Analysis Wal–Mart Stores Inc. helps individuals around the globe spare cash and live better – at whatever time and anyplace – in retail locations, online and through their cell phones. Every week, more than 245 million clients and individuals visit our almost 11,000 stores under 65 flags in 28 nations and e– trade sites in 11 nations. With financial year 2015 net offers of $482.2 billion, Wal–Mart utilizes 2.2 million partners around the world. (Wal–Mart Corporate) Wal–Mart is a superpower in the business world and has been that way for 50+ years. Understanding how it got to this point and how it has maintained its successful business model starts with its ... Show more content on Helpwriting.net ... Before proceeding onward to Wal–Mart, Walton opened 14 five and dime stores somewhere between 1951 and 1962. Walton 's model rested in the conviction that rebate stores could flourish in residential communities, with populaces of 5,000 or less, and on the off chance that you sold items at the least expensive value conceivable, thus, profits would rise. He suggested to the Butler brothers of Ben Franklins that they cut their prices down the middle, and the siblings declined. Sam chose to go on alone, and that is the way Wal–Mart was conceived. The premier Wal–Mart location opened in 1962 in Rogers, Arkansas. Walton and his wife Helen set up 95% of the cash for the endeavor. Only six years after the fact Wal–Mart started extending outside of Arkansas State. Wal–Mart stores opened in two more southern states, Missouri and Oklahoma. On October 31, 1969, Wal–Mart had become incorporated. In 1971, Wal–Mart stock had its first 100% part and was sold at a stock price of price of $47. By 1972, Wal–Mart was being traded on the New York Stock Exchange. By its 18th birthday, Wal–Mart turned into the speediest organization to reach $1 billion in sales. The chain included 276 stores, 21,000 partners, $1.248 billion in sales. All through the 1980s, Wal–Mart developed to have areas in 13 new states. By 1991, Wal–Mart proceeded onward to the international business sector, opening its first ... Get more on HelpWriting.net ...
  • 40. Wal Mart Is A Public Corporation Founded by Sam Walton, Wal–Mart is a global discount retailer headquartered in Bentonville, a small city in Arkansas, USA. Wal–Mart is a public corporation, the largest public corporation by revenue, one of the biggest retailers in the world, and its stock is traded in several international stock exchanges. Walmart has grown over the last 50 years, nearly 260 million customers visit our more than 11,500 stores under 63 banners in 28 countries and ecommerce sites in 11 countries each week. With fiscal year 2016 revenue of $482.1 billion, Walmart employs 2.3 million associates worldwide 1.5 million in the U.S. Wal–Mart provides general merchandise: family apparel, health & beauty aids, household needs, electronics, toys, fabrics, crafts, ... Show more content on Helpwriting.net ... Key financial ratios for retailers focus on aspects of income, liquidity and profitability. It is crucial for retail stores to consider key financial ratios, however, is just the starting point. Once calculated, the comparison of these ratios to industry standards would serve as targets to improve and review their own performance over time. Through comparison and trend analysis, managers can further identify key areas of weaknesses that may need immediate attention. Considering income retail managers turn to the gross margin as an indication of the sales dollars remaining after subtracting the costs of purchasing merchandise. Managers use this as a key indicator of their ability to convert existing inventory into future cash. Audit planning provides specific guidelines that auditors need to follow when conducting an external audit. External public accounting requires external audit to ensure that the outside stakeholders and ensure that the company financial statements are prepared in accordance with the GAAP or IFRS. To create the audit plan for Wal–Mart Stores Inc. it requires that I understand the entity, its environment and its external control system. My audit plan will involve assessing risk of material misstatement that ... Get more on HelpWriting.net ...
  • 41. Internal Analysis of the Disney Company Internal Analysis The financial ratio analysis of a company is a useful indicator to measure the success of a company. By comparing financial ratios between companies in the same industry (competitors) it is a useful way for investors and shareholders to determine the financial health and/or the sustainability of a company. Disney's main competitors within the industry include Time Warner and 21st Century Fox. There are five key areas of comparison that provide excellent financial analysis of a company. They are short–term solvency, long–term solvency, asset management, profitability, and market value. Liquidity Ratio The short–term solvency ratio is a measurement used to measure how well a company is able to meet debt obligations. ... Show more content on Helpwriting.net ... For 2013 Fox had the highest ROE, which was 35.05. However Disney has been consistent over the past three years with a ROE around 14, whereas Fox's ROE is much more volatile (jumping up to 35.05 in 2013 from 4.34 in 2012). Disney's ROE is therefore the more reliable and better indicator of the company's continued growth and profitability. Market Value Ratio Market value ratios are probably the most important ratios for any publicly traded company; it's an indicator of how well the company is perceived as a whole. It reflexes how investors view the future performance and risks of the company. One such market value ratio that is used commonly is the cash flow per share ratio. This ratio is measured by taking the operating cash flow – preferred dividends divided by the common shares outstanding. This ratio is more reliable than the EPS or earnings per share ratio because it is less likely to be manipulated. Because of this the cash flow per share ratio is judged to be a better indicator of a company's strength and position within the market. For 2013 Disney had the highest cash flow per share ratio amongst its competitors which was valued at 5.29. This was slightly better than Time Warner's which was 4.04 and was significantly better than Fox's 1.28. Overall Disney is in a better financial position than its competitors Time Warner and Fox. Disney's financial ratios have been rising at a pretty consistent rate which shows Disney's stability and ... Get more on HelpWriting.net ...
  • 42. Kraft Food Inc's Hostile Takeover of Cadbury Introduction A multinational company of Kraft Foods is an American firm doing the business for food and beverage. It produces belong to a global markets and has many brands that over 170 countries (Kraft Foods, 2011). And its brands are divided into five main sectors: snacks, beverages, cheese, grocery, and convenient meals. The major competitors of Kraft are Nestlé S.A.; Unilever; ConAgra Foods, Inc.; Groupe Danone; H.J. Heinz Company; Sara Lee Corporation; etc. One of the world's fourth biggest suppliers of chocolate and sugar confectionery is Cadbury, which merged with Schweppes in 1969. One of its products, which is Dairy Milk and it is very successful molded chocolate in UK. The main products of Cadbury are bars, drinks, ice–cream ... Show more content on Helpwriting.net ... Bargaining power of suppliers: There are lots of farm in Brazil and South of American, so that the bargaining power of suppliers is low in this industry and the buyers can compare and choose the lower price and quality supplier (International Cocoa Organization, 2012). So, this is positive to the business. Rivalry among established competitors: There are lots of companies around the world for the confectionery industry that lead to this industry violent for the competition. So, this is negative to the business. Bargaining power of buyers: According to the research, it showed that the demand of chocolate confectionery industry had the potential for increasing, as the chocolate sales rose 28% in 2008, and dark chocolate sales rose 12% (National confectioner Association, 2009). Thus, this is positive to the business. Threat of entry: When a company entry to a new industry, a company require lots of capital. Since the company needs to buy the plants, machines, etc. So, it lead a company to have a large economic of scale. Moreover, it is difficult to access to supply and distribution channels. Threat of substitute: In Walmart can find lots of related chocolate products from different companies, that means there are lots of substitute for the customers (Walmart, 2012) Potential partners: There are lots of benefits or advantages for the contractual partnership. The four processes to build contractual partnership are appraising suitable strategic ... Get more on HelpWriting.net ...