SlideShare a Scribd company logo
(Mt) โ€“ Walmart's Implementation of Strategic Options
APA formatting for in-text citations and for your reference list Company is Walmart Inc.,
1000 Words (Not including Reference page) Please include Reference Page with all utilized
References (APA Format) Times New Roman Text, 12 size font, Double Spaced
Implementation of Strategic Options: For this assignment you will develop an
implementation plan for the actions you proposed in the previous assignment. For the
current assignment please address the following items: What are the major actions and
investments the company will need to take in order to implement the strategic plan? Major
actions could include things like making acquisitions, forming new strategic alliances,
building or updating facilities, major technological changes, organizational restructuring,
divestments, and other large scale actions related to a particular strategic initiative. What
additional actions will need to be taken in order to ensure that the major actions discussed
previously go smoothly? Such actions may include things like gaining access to investment
capital, hiring new talent, making sure that the strategic initiative and the associated
changes are understood throughout the company, training or retraining employees, due
diligence in the case of acquisitions or partnerships, and other supporting activities relevant
to implementing the strategic initiative. Provide some time estimates for completion of the
components of your plan. You should include a timeline or a Gantt chart to provide a visual
representation of the implementation plan. Running Head: STRATEGIC MANAGEMENT-
WALMART Strategic Management- Challenges, and Guiding Policy and Set for Coherent
Actions: Wal-Mart Studentโ€™s Name Professorโ€™s Name Course Title Date of Submission
STRATEGIC MANAGEMENT-WALMART 2 Diagnosis of the challenge State the challenge
While Wal-Mart implemented the principles of lean and agile design in its supply chain
management (SCM) (Jawad, 2017) as a means of process optimization to reduce costs, the
company has had problems with this strategic design. This has happened through incurring
more additional costs, the lack of immediate tests for their solutions, and varied interests
between the individual shareholder perspectives (Interaction Design Foundation, 2018;
Ignatius, 2017). This has seen the company shift their brand appeal over the last decade to
appeal high-income consumers (Interaction Design Foundation, 2018). For example, they
rebranded to launch a highfashion campaign (Interaction Design Foundation, 2018),
ventured into e-commerce but ended up being late (Ignatius, 2017), started stocking all
different customer products and it receiving massive competition in analytics and customer
understanding, a field that is had a competitive edge on (Ignatius, 2017). Provide evidence
about the importance of this challenge โ€“ why is this the main challenge The lean and agile
design in SCM is a huge benefit for organizations that seek to minimize costs and optimize
their processes (Jawad, 2017) but in order to be successful, companies must be strategic in
their implementation more so by focusing on integrating Agile methodology and systems
thinking as the principals in SCM (Interaction Design Foundation, 2018) According to Rigby,
Day, Forrester and Burnett (2000:181) โ€œThese systems analysis and redesign methods are
excellent at describing and modeling the physical flow of materials, inventory a data a
demand pattersโ€. International Design Foundation (2018) gives a success example with
Rodale Inc., a publishing company that benefitted from such collaboration and STRATEGIC
MANAGEMENT-WALMART 3 reclaimed its lost revenue of $50 million and improved its
customer satisfaction from a D to an A. Discuss the companyโ€™s current position relative to
competitors in addressing this challenge According to an interview with Doug McMillion the
CEO of the firm, the company has implemented various strategies in order to recover its
competitive advantage of being a leader in analytics, customer understanding through re-
strategizing its agile methodology. According to the Harvard Business Review article, the
company is improving its digital and technical talents in this big data era in order to provide
new and continuous technological skills that will help in continuous improvement of its
strategy in SCM while competing with main competitors such as Amazon. It has also
initiated the Agile Product Development platforms which help in real-time monitoring of
the supply chain, product testing, user feedback while setting a stage for the companyโ€™s
massive entry into Artificial Intelligence (Woods, 2017). Guiding policy Wal-Martโ€™s Guiding
Policy Wal-Mart has different strategies as well as policies for each of its business unit
which might not conform to the Statement of Ethics (Wal-Mart, Global Statement of Ethics,
p3). However, there is one conspicuous and overriding policy, the Low-cost Sustainable
Product Strategy/policy which feeds the agile methodology that the company has
implemented in its SCM. This policy recognizes the demand for a systemic index which can
be used to define measure as well as compare product sustainability in the market. This
involves the integration of practices that help in proper design operational processes to
reduce costs and using materials that are offered by natural resources while optimizing the
processes of production. The broader packaging initiate by the company presents shared
values that direct to value innovations in its STRATEGIC MANAGEMENT-WALMART 4
sustainability program. Wal-Mart has identified the reduction of packaging and
transportation costs as the major dimensions of achieving low-cost sustainability. This then
brings in the idea of agile methodology into perspective. How this Policy has Shaped Past
Strategic Choices This policy has dynamically shaped Wal-Martโ€™s choices both positively and
negatively. In the positive aspect, the yearn to achieve sustainability brought about the
creation of various internet ions such as The Sustainability Consortium 2009-2015which
was aimed at designing and developing holistic public standards which would be used to
measure product sustainability (Spicer & Hyatt, 2017). However, this strategy faced a lot of
limitations, for example, member companies had to incur transaction costs of reporting,
auditing and well as communicating the product sustainability information despite the
intervention (Spicer & Hyatt, 2017). The company then implemented the Sustainability
Leaders program which aimed to offer leadership on guidelines to use to achieve low-cost
product sustainability. It also promoted the establishment of the supplier-focused strategy
which works with suppliers to encourage low-cost innovation. (Spicer & Hyatt,
2017)However, the challenge with this strategy is that it solely works with the suppliers
without close consideration of customer preferences thus calling for a balance between the
customer-facing and supplier facing sustainability initiatives (Spicer & Hyatt, 2017). How
this policy applies to address the current challenge. The Low-cost Sustainable Product
Strategy/policy is a good directive for the achievement of SCM sustainability (Spicer &
Hyatt, 2017). This policy led to the development of agile methodology as strategic outreach
to the organizationโ€™s SCM process optimization and cost reduction. It has helped in
refocusing on what intervention to integrate into the methodology with Wal-Mart opting for
the Agile Product Development intervention that focuses on STRATEGIC MANAGEMENT-
WALMART 5 optimizing product flow and manufacture (Woods, 2017). It has also helped
the company to focus on sustainability measures across its operations and not in the SCM
alone by considering systems thinking although the company remains a long way out on
this. Set of Coherent Actions Strategic Action Plan One of the most applicable strategic
actions that would empower the companyโ€™s policy is integrating the collaboration between
system thinking and agile methodology. Systems thinking will help the organization
understand the relationship between the different components and problems even in
different business units while the agile methodology will help in improving solutions. What
Wal-Mart lacks as International Design Foundation (2018) puts it is lack of immediate test
of a solution and immediate identification of its root cause. This can only be done by
considering the relationships that the solution has on other organizational facets which can
be easily attained through system thinking. After identification of this relationship, it then
becomes easy to integrate agile methodology to influence these solutions. What Wal-Mart is
trying to achieve as well as specific actions that can be taken to achieve this Wal-Mart is
trying to achieve a holistic approach towards attaining its goal of achieving low-cost
sustainable products. It is trying to do this by devising various sustainability projects
programs and interventions which are not delivering as expected. Wal-Mart needs to
consider a design approach in its agile methodology. This involves the integration of
systems thinking with the agile methodology. This involves various steps: (i) Breaking
information into nodes and links STRATEGIC MANAGEMENT-WALMART (ii) Visualizing
information by sketching it in physical space in order to understand the systems at hand
and the relationships (iii) Collaboration through stakeholder participation and involvement
(iv) Fast release of solutions to encourage user feedback (v) Iteration of the feedback and
determination of changes needed to improve the solutions. Describe how these actions
address the challenge and fit with the guiding policy. These actions follow a sequential
process from identifying the real problem and its root cause, identifying possible solutions,
involving stakeholders, gaining feedback and using this feedback to improve the
process/products. This cycle helps in a multifaceted problem-solving strategy. 6
STRATEGIC MANAGEMENT-WALMART 7 References Ignatius, A (2017) โ€œWe Need People to
Lean into the Futureโ€ Harvard Business Review, Retrieved from
https://hbr.org/2017/03/we-need-people-to-lean-into-the-future Interaction Design
Foundation (2018) Wicked Problems: 5 Steps to Help You Tackle Wicked Problems by
Combining Systems Thinking with Agile Methodology, Retrieved from
https://www.interaction-design.org/literature/article/wicked-problems-5-steps-to-
helpyou-tackle-wicked-problems-by-combining-systems-thinking-with-agile-methodology
Jawad, S (2017) A Literature Analysis of Wal-Mart-s Supply Chain Excellence in Term of
Integration, Distribution, and Operations (Bachelor Thesis). Available from Haaga-Helia
University of Applied Sciences Database Kumari, E., & Tewari, V (20-18) Strategic
Management of Wal-Mart, Research Journal of Social Sciences, 11(1): 32-36 Rigby, C., Day,
M., Forrester, P., & Burnett, J. (2000). Agile Supply: Rethinking systems thinking, systems
practice, International Journal of Agile Management Systems, 2/3 (20000): 178-186. Spicer,
A., & Hyatt, D (2017) Wal-Martโ€™s Emergent Low-Cost Sustainable Product Strategy,
California Management Review, 1-26. DOI:10.117/0008125617695287, G Wal-Mart Stores
Inc., Global Statement of Ethics, Retrieved from
https://www.walmartethics.com/content/dam/walmartethics/documents/statement_of_et
hi cs/Walmart_Statement_of_Ethics_English.pdf STRATEGIC MANAGEMENT-WALMART 8
Woods, D (2017) Real-Time Feedback: Agile Product Development at Wal-Mart, Forbes.
Retrieved from: https://www.forbes.com/sites/danwoods/2017/04/18/real-time-
feedbackagile-product-development-at-walmart/#580f83647559 STRATEGIC
MANAGEMENT-WALMART Appendices Appenix1: Wal-Martโ€™s SFAS Table Matrix 9

More Related Content

Similar to Implementation of Strategic Options.docx

Digital Asset Management Strategies
Digital Asset Management StrategiesDigital Asset Management Strategies
Digital Asset Management Strategies
Infosys
ย 
Digital Asset Management (DAM) Strategy
Digital Asset Management (DAM) Strategy Digital Asset Management (DAM) Strategy
Digital Asset Management (DAM) Strategy
Infosys
ย 
Information System Management
Information System ManagementInformation System Management
Information System Management
Mayank Kashyap
ย 
STRATEGY, STRATEGIC โ€ŽPLANNING, STRATEGIC โ€ŽDECISION, STRATEGIC โ€ŽCAPABILITY,...
STRATEGY,  STRATEGIC โ€ŽPLANNING,  STRATEGIC โ€ŽDECISION,  STRATEGIC โ€ŽCAPABILITY,...STRATEGY,  STRATEGIC โ€ŽPLANNING,  STRATEGIC โ€ŽDECISION,  STRATEGIC โ€ŽCAPABILITY,...
STRATEGY, STRATEGIC โ€ŽPLANNING, STRATEGIC โ€ŽDECISION, STRATEGIC โ€ŽCAPABILITY,...
Libcorpio
ย 
advanced project 5000 words copy 1.docx
advanced project 5000 words copy 1.docxadvanced project 5000 words copy 1.docx
advanced project 5000 words copy 1.docx
NadiaRiaz5
ย 
Assessment Of An Enterprise-Level Business System
Assessment Of An Enterprise-Level Business SystemAssessment Of An Enterprise-Level Business System
Assessment Of An Enterprise-Level Business System
Tiffany Graham
ย 
Embracing Change - The Impact of Generative AI on Strategic Portfolio Management
Embracing Change - The Impact of Generative AI on Strategic Portfolio ManagementEmbracing Change - The Impact of Generative AI on Strategic Portfolio Management
Embracing Change - The Impact of Generative AI on Strategic Portfolio Management
OnePlan Solutions
ย 
Brief of the dimensionality of business strategy among the manufacturing orga...
Brief of the dimensionality of business strategy among the manufacturing orga...Brief of the dimensionality of business strategy among the manufacturing orga...
Brief of the dimensionality of business strategy among the manufacturing orga...
Alexander Decker
ย 
Essay
EssayEssay
Essay
NellutlaKishore
ย 
Business process reengineering
Business process reengineeringBusiness process reengineering
Business process reengineering
charles ogolla
ย 
Introduction to the Core P3M Data Model and Business Integrated (P3M) Governance
Introduction to the Core P3M Data Model and Business Integrated (P3M) GovernanceIntroduction to the Core P3M Data Model and Business Integrated (P3M) Governance
Introduction to the Core P3M Data Model and Business Integrated (P3M) Governance
David Dunning
ย 
Optimizing New Product Development and Introduction (NPD&I) Through Analytics
Optimizing New Product Development and Introduction (NPD&I) Through AnalyticsOptimizing New Product Development and Introduction (NPD&I) Through Analytics
Optimizing New Product Development and Introduction (NPD&I) Through Analytics
Will Ruiz
ย 
Leveraging Analytics to Manage Complexity in Highly Innovative Companies - A ...
Leveraging Analytics to Manage Complexity in Highly Innovative Companies - A ...Leveraging Analytics to Manage Complexity in Highly Innovative Companies - A ...
Leveraging Analytics to Manage Complexity in Highly Innovative Companies - A ...
Will Ruiz
ย 
MIS 04 Management of Business
MIS 04  Management of BusinessMIS 04  Management of Business
MIS 04 Management of Business
Tushar B Kute
ย 
BCG on PMI in Software
BCG on PMI in SoftwareBCG on PMI in Software
BCG on PMI in Software
Boston Consulting Group
ย 
Module 3 Assignment 2Amber VanHausen.docx
Module 3 Assignment 2Amber VanHausen.docxModule 3 Assignment 2Amber VanHausen.docx
Module 3 Assignment 2Amber VanHausen.docx
annandleola
ย 
Running head BUSIENSS POLICY DEVLEOPMENT AND IMPLEMENTATION 1B.docx
Running head BUSIENSS POLICY DEVLEOPMENT AND IMPLEMENTATION 1B.docxRunning head BUSIENSS POLICY DEVLEOPMENT AND IMPLEMENTATION 1B.docx
Running head BUSIENSS POLICY DEVLEOPMENT AND IMPLEMENTATION 1B.docx
susanschei
ย 
Lecture 2 ANT.pptx
Lecture 2 ANT.pptxLecture 2 ANT.pptx
Lecture 2 ANT.pptx
TesfanehGorfu
ย 
The Success And Failure Of Implementing Six Sigma
The Success And Failure Of Implementing Six SigmaThe Success And Failure Of Implementing Six Sigma
The Success And Failure Of Implementing Six Sigma
Angie Lee
ย 
The business architecture advantages
The business architecture advantagesThe business architecture advantages
The business architecture advantages
Sikander Shaukat
ย 

Similar to Implementation of Strategic Options.docx (20)

Digital Asset Management Strategies
Digital Asset Management StrategiesDigital Asset Management Strategies
Digital Asset Management Strategies
ย 
Digital Asset Management (DAM) Strategy
Digital Asset Management (DAM) Strategy Digital Asset Management (DAM) Strategy
Digital Asset Management (DAM) Strategy
ย 
Information System Management
Information System ManagementInformation System Management
Information System Management
ย 
STRATEGY, STRATEGIC โ€ŽPLANNING, STRATEGIC โ€ŽDECISION, STRATEGIC โ€ŽCAPABILITY,...
STRATEGY,  STRATEGIC โ€ŽPLANNING,  STRATEGIC โ€ŽDECISION,  STRATEGIC โ€ŽCAPABILITY,...STRATEGY,  STRATEGIC โ€ŽPLANNING,  STRATEGIC โ€ŽDECISION,  STRATEGIC โ€ŽCAPABILITY,...
STRATEGY, STRATEGIC โ€ŽPLANNING, STRATEGIC โ€ŽDECISION, STRATEGIC โ€ŽCAPABILITY,...
ย 
advanced project 5000 words copy 1.docx
advanced project 5000 words copy 1.docxadvanced project 5000 words copy 1.docx
advanced project 5000 words copy 1.docx
ย 
Assessment Of An Enterprise-Level Business System
Assessment Of An Enterprise-Level Business SystemAssessment Of An Enterprise-Level Business System
Assessment Of An Enterprise-Level Business System
ย 
Embracing Change - The Impact of Generative AI on Strategic Portfolio Management
Embracing Change - The Impact of Generative AI on Strategic Portfolio ManagementEmbracing Change - The Impact of Generative AI on Strategic Portfolio Management
Embracing Change - The Impact of Generative AI on Strategic Portfolio Management
ย 
Brief of the dimensionality of business strategy among the manufacturing orga...
Brief of the dimensionality of business strategy among the manufacturing orga...Brief of the dimensionality of business strategy among the manufacturing orga...
Brief of the dimensionality of business strategy among the manufacturing orga...
ย 
Essay
EssayEssay
Essay
ย 
Business process reengineering
Business process reengineeringBusiness process reengineering
Business process reengineering
ย 
Introduction to the Core P3M Data Model and Business Integrated (P3M) Governance
Introduction to the Core P3M Data Model and Business Integrated (P3M) GovernanceIntroduction to the Core P3M Data Model and Business Integrated (P3M) Governance
Introduction to the Core P3M Data Model and Business Integrated (P3M) Governance
ย 
Optimizing New Product Development and Introduction (NPD&I) Through Analytics
Optimizing New Product Development and Introduction (NPD&I) Through AnalyticsOptimizing New Product Development and Introduction (NPD&I) Through Analytics
Optimizing New Product Development and Introduction (NPD&I) Through Analytics
ย 
Leveraging Analytics to Manage Complexity in Highly Innovative Companies - A ...
Leveraging Analytics to Manage Complexity in Highly Innovative Companies - A ...Leveraging Analytics to Manage Complexity in Highly Innovative Companies - A ...
Leveraging Analytics to Manage Complexity in Highly Innovative Companies - A ...
ย 
MIS 04 Management of Business
MIS 04  Management of BusinessMIS 04  Management of Business
MIS 04 Management of Business
ย 
BCG on PMI in Software
BCG on PMI in SoftwareBCG on PMI in Software
BCG on PMI in Software
ย 
Module 3 Assignment 2Amber VanHausen.docx
Module 3 Assignment 2Amber VanHausen.docxModule 3 Assignment 2Amber VanHausen.docx
Module 3 Assignment 2Amber VanHausen.docx
ย 
Running head BUSIENSS POLICY DEVLEOPMENT AND IMPLEMENTATION 1B.docx
Running head BUSIENSS POLICY DEVLEOPMENT AND IMPLEMENTATION 1B.docxRunning head BUSIENSS POLICY DEVLEOPMENT AND IMPLEMENTATION 1B.docx
Running head BUSIENSS POLICY DEVLEOPMENT AND IMPLEMENTATION 1B.docx
ย 
Lecture 2 ANT.pptx
Lecture 2 ANT.pptxLecture 2 ANT.pptx
Lecture 2 ANT.pptx
ย 
The Success And Failure Of Implementing Six Sigma
The Success And Failure Of Implementing Six SigmaThe Success And Failure Of Implementing Six Sigma
The Success And Failure Of Implementing Six Sigma
ย 
The business architecture advantages
The business architecture advantagesThe business architecture advantages
The business architecture advantages
ย 

More from write4

roles are largely complete when they hand an investigation.docx
roles are largely complete when they hand an investigation.docxroles are largely complete when they hand an investigation.docx
roles are largely complete when they hand an investigation.docx
write4
ย 
Role of the Military in Disaster.docx
Role of the Military in Disaster.docxRole of the Military in Disaster.docx
Role of the Military in Disaster.docx
write4
ย 
Role of telemedinine in disease preventions.docx
Role of telemedinine in disease preventions.docxRole of telemedinine in disease preventions.docx
Role of telemedinine in disease preventions.docx
write4
ย 
Role In Influencing Society.docx
Role In Influencing Society.docxRole In Influencing Society.docx
Role In Influencing Society.docx
write4
ย 
Role of Private Security.docx
Role of Private Security.docxRole of Private Security.docx
Role of Private Security.docx
write4
ย 
Robbie a 12 year old is hospitalized for multiple.docx
Robbie a 12 year old is hospitalized for multiple.docxRobbie a 12 year old is hospitalized for multiple.docx
Robbie a 12 year old is hospitalized for multiple.docx
write4
ย 
Robbins Network Services.docx
Robbins Network Services.docxRobbins Network Services.docx
Robbins Network Services.docx
write4
ย 
Robinson Crusoe review.docx
Robinson Crusoe review.docxRobinson Crusoe review.docx
Robinson Crusoe review.docx
write4
ย 
Rocking Horse.docx
Rocking Horse.docxRocking Horse.docx
Rocking Horse.docx
write4
ย 
Rodrigo El Cid Rodrigo after a to.docx
Rodrigo El Cid Rodrigo after a to.docxRodrigo El Cid Rodrigo after a to.docx
Rodrigo El Cid Rodrigo after a to.docx
write4
ย 
Role in Decision Making What is should be.docx
Role in Decision Making What is should be.docxRole in Decision Making What is should be.docx
Role in Decision Making What is should be.docx
write4
ย 
Samantha Chanel De Vera Posted Date Apr.docx
Samantha Chanel De Vera Posted Date Apr.docxSamantha Chanel De Vera Posted Date Apr.docx
Samantha Chanel De Vera Posted Date Apr.docx
write4
ย 
Ruth milikan chapters 5 and 6 in her book varieties.docx
Ruth milikan chapters 5 and 6 in her book varieties.docxRuth milikan chapters 5 and 6 in her book varieties.docx
Ruth milikan chapters 5 and 6 in her book varieties.docx
write4
ย 
Samantha Chanel De Vera Posted Date Mar.docx
Samantha Chanel De Vera Posted Date Mar.docxSamantha Chanel De Vera Posted Date Mar.docx
Samantha Chanel De Vera Posted Date Mar.docx
write4
ย 
Russian Revolution Under Lenin and Trotsky.docx
Russian Revolution Under Lenin and Trotsky.docxRussian Revolution Under Lenin and Trotsky.docx
Russian Revolution Under Lenin and Trotsky.docx
write4
ย 
Review the papers below and watch The Untold Story.docx
Review the papers below and watch The Untold Story.docxReview the papers below and watch The Untold Story.docx
Review the papers below and watch The Untold Story.docx
write4
ย 
Samantha Chanel De Vera Posted Date May.docx
Samantha Chanel De Vera Posted Date May.docxSamantha Chanel De Vera Posted Date May.docx
Samantha Chanel De Vera Posted Date May.docx
write4
ย 
Saudi Arabia.docx
Saudi Arabia.docxSaudi Arabia.docx
Saudi Arabia.docx
write4
ย 
Right to Privacy.docx
Right to Privacy.docxRight to Privacy.docx
Right to Privacy.docx
write4
ย 
Richard Rodriguez has generally been criticized by immigrant Identify.docx
Richard Rodriguez has generally been criticized by immigrant Identify.docxRichard Rodriguez has generally been criticized by immigrant Identify.docx
Richard Rodriguez has generally been criticized by immigrant Identify.docx
write4
ย 

More from write4 (20)

roles are largely complete when they hand an investigation.docx
roles are largely complete when they hand an investigation.docxroles are largely complete when they hand an investigation.docx
roles are largely complete when they hand an investigation.docx
ย 
Role of the Military in Disaster.docx
Role of the Military in Disaster.docxRole of the Military in Disaster.docx
Role of the Military in Disaster.docx
ย 
Role of telemedinine in disease preventions.docx
Role of telemedinine in disease preventions.docxRole of telemedinine in disease preventions.docx
Role of telemedinine in disease preventions.docx
ย 
Role In Influencing Society.docx
Role In Influencing Society.docxRole In Influencing Society.docx
Role In Influencing Society.docx
ย 
Role of Private Security.docx
Role of Private Security.docxRole of Private Security.docx
Role of Private Security.docx
ย 
Robbie a 12 year old is hospitalized for multiple.docx
Robbie a 12 year old is hospitalized for multiple.docxRobbie a 12 year old is hospitalized for multiple.docx
Robbie a 12 year old is hospitalized for multiple.docx
ย 
Robbins Network Services.docx
Robbins Network Services.docxRobbins Network Services.docx
Robbins Network Services.docx
ย 
Robinson Crusoe review.docx
Robinson Crusoe review.docxRobinson Crusoe review.docx
Robinson Crusoe review.docx
ย 
Rocking Horse.docx
Rocking Horse.docxRocking Horse.docx
Rocking Horse.docx
ย 
Rodrigo El Cid Rodrigo after a to.docx
Rodrigo El Cid Rodrigo after a to.docxRodrigo El Cid Rodrigo after a to.docx
Rodrigo El Cid Rodrigo after a to.docx
ย 
Role in Decision Making What is should be.docx
Role in Decision Making What is should be.docxRole in Decision Making What is should be.docx
Role in Decision Making What is should be.docx
ย 
Samantha Chanel De Vera Posted Date Apr.docx
Samantha Chanel De Vera Posted Date Apr.docxSamantha Chanel De Vera Posted Date Apr.docx
Samantha Chanel De Vera Posted Date Apr.docx
ย 
Ruth milikan chapters 5 and 6 in her book varieties.docx
Ruth milikan chapters 5 and 6 in her book varieties.docxRuth milikan chapters 5 and 6 in her book varieties.docx
Ruth milikan chapters 5 and 6 in her book varieties.docx
ย 
Samantha Chanel De Vera Posted Date Mar.docx
Samantha Chanel De Vera Posted Date Mar.docxSamantha Chanel De Vera Posted Date Mar.docx
Samantha Chanel De Vera Posted Date Mar.docx
ย 
Russian Revolution Under Lenin and Trotsky.docx
Russian Revolution Under Lenin and Trotsky.docxRussian Revolution Under Lenin and Trotsky.docx
Russian Revolution Under Lenin and Trotsky.docx
ย 
Review the papers below and watch The Untold Story.docx
Review the papers below and watch The Untold Story.docxReview the papers below and watch The Untold Story.docx
Review the papers below and watch The Untold Story.docx
ย 
Samantha Chanel De Vera Posted Date May.docx
Samantha Chanel De Vera Posted Date May.docxSamantha Chanel De Vera Posted Date May.docx
Samantha Chanel De Vera Posted Date May.docx
ย 
Saudi Arabia.docx
Saudi Arabia.docxSaudi Arabia.docx
Saudi Arabia.docx
ย 
Right to Privacy.docx
Right to Privacy.docxRight to Privacy.docx
Right to Privacy.docx
ย 
Richard Rodriguez has generally been criticized by immigrant Identify.docx
Richard Rodriguez has generally been criticized by immigrant Identify.docxRichard Rodriguez has generally been criticized by immigrant Identify.docx
Richard Rodriguez has generally been criticized by immigrant Identify.docx
ย 

Recently uploaded

Andreas Schleicher presents PISA 2022 Volume III - Creative Thinking - 18 Jun...
Andreas Schleicher presents PISA 2022 Volume III - Creative Thinking - 18 Jun...Andreas Schleicher presents PISA 2022 Volume III - Creative Thinking - 18 Jun...
Andreas Schleicher presents PISA 2022 Volume III - Creative Thinking - 18 Jun...
EduSkills OECD
ย 
Educational Technology in the Health Sciences
Educational Technology in the Health SciencesEducational Technology in the Health Sciences
Educational Technology in the Health Sciences
Iris Thiele Isip-Tan
ย 
Standardized tool for Intelligence test.
Standardized tool for Intelligence test.Standardized tool for Intelligence test.
Standardized tool for Intelligence test.
deepaannamalai16
ย 
Wound healing PPT
Wound healing PPTWound healing PPT
Wound healing PPT
Jyoti Chand
ย 
How to Download & Install Module From the Odoo App Store in Odoo 17
How to Download & Install Module From the Odoo App Store in Odoo 17How to Download & Install Module From the Odoo App Store in Odoo 17
How to Download & Install Module From the Odoo App Store in Odoo 17
Celine George
ย 
Juneteenth Freedom Day 2024 David Douglas School District
Juneteenth Freedom Day 2024 David Douglas School DistrictJuneteenth Freedom Day 2024 David Douglas School District
Juneteenth Freedom Day 2024 David Douglas School District
David Douglas School District
ย 
Oliver Asks for More by Charles Dickens (9)
Oliver Asks for More by Charles Dickens (9)Oliver Asks for More by Charles Dickens (9)
Oliver Asks for More by Charles Dickens (9)
nitinpv4ai
ย 
SWOT analysis in the project Keeping the Memory @live.pptx
SWOT analysis in the project Keeping the Memory @live.pptxSWOT analysis in the project Keeping the Memory @live.pptx
SWOT analysis in the project Keeping the Memory @live.pptx
zuzanka
ย 
Bossa Nโ€™ Roll Records by Ismael Vazquez.
Bossa Nโ€™ Roll Records by Ismael Vazquez.Bossa Nโ€™ Roll Records by Ismael Vazquez.
Bossa Nโ€™ Roll Records by Ismael Vazquez.
IsmaelVazquez38
ย 
CapTechTalks Webinar Slides June 2024 Donovan Wright.pptx
CapTechTalks Webinar Slides June 2024 Donovan Wright.pptxCapTechTalks Webinar Slides June 2024 Donovan Wright.pptx
CapTechTalks Webinar Slides June 2024 Donovan Wright.pptx
CapitolTechU
ย 
A Visual Guide to 1 Samuel | A Tale of Two Hearts
A Visual Guide to 1 Samuel | A Tale of Two HeartsA Visual Guide to 1 Samuel | A Tale of Two Hearts
A Visual Guide to 1 Samuel | A Tale of Two Hearts
Steve Thomason
ย 
Elevate Your Nonprofit's Online Presence_ A Guide to Effective SEO Strategies...
Elevate Your Nonprofit's Online Presence_ A Guide to Effective SEO Strategies...Elevate Your Nonprofit's Online Presence_ A Guide to Effective SEO Strategies...
Elevate Your Nonprofit's Online Presence_ A Guide to Effective SEO Strategies...
TechSoup
ย 
How to Fix [Errno 98] address already in use
How to Fix [Errno 98] address already in useHow to Fix [Errno 98] address already in use
How to Fix [Errno 98] address already in use
Celine George
ย 
REASIGNACION 2024 UGEL CHUPACA 2024 UGEL CHUPACA.pdf
REASIGNACION 2024 UGEL CHUPACA 2024 UGEL CHUPACA.pdfREASIGNACION 2024 UGEL CHUPACA 2024 UGEL CHUPACA.pdf
REASIGNACION 2024 UGEL CHUPACA 2024 UGEL CHUPACA.pdf
giancarloi8888
ย 
Electric Fetus - Record Store Scavenger Hunt
Electric Fetus - Record Store Scavenger HuntElectric Fetus - Record Store Scavenger Hunt
Electric Fetus - Record Store Scavenger Hunt
RamseyBerglund
ย 
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) Curriculum
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) CurriculumPhilippine Edukasyong Pantahanan at Pangkabuhayan (EPP) Curriculum
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) Curriculum
MJDuyan
ย 
Bonku-Babus-Friend by Sathyajith Ray (9)
Bonku-Babus-Friend by Sathyajith Ray  (9)Bonku-Babus-Friend by Sathyajith Ray  (9)
Bonku-Babus-Friend by Sathyajith Ray (9)
nitinpv4ai
ย 
RESULTS OF THE EVALUATION QUESTIONNAIRE.pptx
RESULTS OF THE EVALUATION QUESTIONNAIRE.pptxRESULTS OF THE EVALUATION QUESTIONNAIRE.pptx
RESULTS OF THE EVALUATION QUESTIONNAIRE.pptx
zuzanka
ย 
BPSC-105 important questions for june term end exam
BPSC-105 important questions for june term end examBPSC-105 important questions for june term end exam
BPSC-105 important questions for june term end exam
sonukumargpnirsadhan
ย 
spot a liar (Haiqa 146).pptx Technical writhing and presentation skills
spot a liar (Haiqa 146).pptx Technical writhing and presentation skillsspot a liar (Haiqa 146).pptx Technical writhing and presentation skills
spot a liar (Haiqa 146).pptx Technical writhing and presentation skills
haiqairshad
ย 

Recently uploaded (20)

Andreas Schleicher presents PISA 2022 Volume III - Creative Thinking - 18 Jun...
Andreas Schleicher presents PISA 2022 Volume III - Creative Thinking - 18 Jun...Andreas Schleicher presents PISA 2022 Volume III - Creative Thinking - 18 Jun...
Andreas Schleicher presents PISA 2022 Volume III - Creative Thinking - 18 Jun...
ย 
Educational Technology in the Health Sciences
Educational Technology in the Health SciencesEducational Technology in the Health Sciences
Educational Technology in the Health Sciences
ย 
Standardized tool for Intelligence test.
Standardized tool for Intelligence test.Standardized tool for Intelligence test.
Standardized tool for Intelligence test.
ย 
Wound healing PPT
Wound healing PPTWound healing PPT
Wound healing PPT
ย 
How to Download & Install Module From the Odoo App Store in Odoo 17
How to Download & Install Module From the Odoo App Store in Odoo 17How to Download & Install Module From the Odoo App Store in Odoo 17
How to Download & Install Module From the Odoo App Store in Odoo 17
ย 
Juneteenth Freedom Day 2024 David Douglas School District
Juneteenth Freedom Day 2024 David Douglas School DistrictJuneteenth Freedom Day 2024 David Douglas School District
Juneteenth Freedom Day 2024 David Douglas School District
ย 
Oliver Asks for More by Charles Dickens (9)
Oliver Asks for More by Charles Dickens (9)Oliver Asks for More by Charles Dickens (9)
Oliver Asks for More by Charles Dickens (9)
ย 
SWOT analysis in the project Keeping the Memory @live.pptx
SWOT analysis in the project Keeping the Memory @live.pptxSWOT analysis in the project Keeping the Memory @live.pptx
SWOT analysis in the project Keeping the Memory @live.pptx
ย 
Bossa Nโ€™ Roll Records by Ismael Vazquez.
Bossa Nโ€™ Roll Records by Ismael Vazquez.Bossa Nโ€™ Roll Records by Ismael Vazquez.
Bossa Nโ€™ Roll Records by Ismael Vazquez.
ย 
CapTechTalks Webinar Slides June 2024 Donovan Wright.pptx
CapTechTalks Webinar Slides June 2024 Donovan Wright.pptxCapTechTalks Webinar Slides June 2024 Donovan Wright.pptx
CapTechTalks Webinar Slides June 2024 Donovan Wright.pptx
ย 
A Visual Guide to 1 Samuel | A Tale of Two Hearts
A Visual Guide to 1 Samuel | A Tale of Two HeartsA Visual Guide to 1 Samuel | A Tale of Two Hearts
A Visual Guide to 1 Samuel | A Tale of Two Hearts
ย 
Elevate Your Nonprofit's Online Presence_ A Guide to Effective SEO Strategies...
Elevate Your Nonprofit's Online Presence_ A Guide to Effective SEO Strategies...Elevate Your Nonprofit's Online Presence_ A Guide to Effective SEO Strategies...
Elevate Your Nonprofit's Online Presence_ A Guide to Effective SEO Strategies...
ย 
How to Fix [Errno 98] address already in use
How to Fix [Errno 98] address already in useHow to Fix [Errno 98] address already in use
How to Fix [Errno 98] address already in use
ย 
REASIGNACION 2024 UGEL CHUPACA 2024 UGEL CHUPACA.pdf
REASIGNACION 2024 UGEL CHUPACA 2024 UGEL CHUPACA.pdfREASIGNACION 2024 UGEL CHUPACA 2024 UGEL CHUPACA.pdf
REASIGNACION 2024 UGEL CHUPACA 2024 UGEL CHUPACA.pdf
ย 
Electric Fetus - Record Store Scavenger Hunt
Electric Fetus - Record Store Scavenger HuntElectric Fetus - Record Store Scavenger Hunt
Electric Fetus - Record Store Scavenger Hunt
ย 
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) Curriculum
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) CurriculumPhilippine Edukasyong Pantahanan at Pangkabuhayan (EPP) Curriculum
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) Curriculum
ย 
Bonku-Babus-Friend by Sathyajith Ray (9)
Bonku-Babus-Friend by Sathyajith Ray  (9)Bonku-Babus-Friend by Sathyajith Ray  (9)
Bonku-Babus-Friend by Sathyajith Ray (9)
ย 
RESULTS OF THE EVALUATION QUESTIONNAIRE.pptx
RESULTS OF THE EVALUATION QUESTIONNAIRE.pptxRESULTS OF THE EVALUATION QUESTIONNAIRE.pptx
RESULTS OF THE EVALUATION QUESTIONNAIRE.pptx
ย 
BPSC-105 important questions for june term end exam
BPSC-105 important questions for june term end examBPSC-105 important questions for june term end exam
BPSC-105 important questions for june term end exam
ย 
spot a liar (Haiqa 146).pptx Technical writhing and presentation skills
spot a liar (Haiqa 146).pptx Technical writhing and presentation skillsspot a liar (Haiqa 146).pptx Technical writhing and presentation skills
spot a liar (Haiqa 146).pptx Technical writhing and presentation skills
ย 

Implementation of Strategic Options.docx

  • 1. (Mt) โ€“ Walmart's Implementation of Strategic Options APA formatting for in-text citations and for your reference list Company is Walmart Inc., 1000 Words (Not including Reference page) Please include Reference Page with all utilized References (APA Format) Times New Roman Text, 12 size font, Double Spaced Implementation of Strategic Options: For this assignment you will develop an implementation plan for the actions you proposed in the previous assignment. For the current assignment please address the following items: What are the major actions and investments the company will need to take in order to implement the strategic plan? Major actions could include things like making acquisitions, forming new strategic alliances, building or updating facilities, major technological changes, organizational restructuring, divestments, and other large scale actions related to a particular strategic initiative. What additional actions will need to be taken in order to ensure that the major actions discussed previously go smoothly? Such actions may include things like gaining access to investment capital, hiring new talent, making sure that the strategic initiative and the associated changes are understood throughout the company, training or retraining employees, due diligence in the case of acquisitions or partnerships, and other supporting activities relevant to implementing the strategic initiative. Provide some time estimates for completion of the components of your plan. You should include a timeline or a Gantt chart to provide a visual representation of the implementation plan. Running Head: STRATEGIC MANAGEMENT- WALMART Strategic Management- Challenges, and Guiding Policy and Set for Coherent Actions: Wal-Mart Studentโ€™s Name Professorโ€™s Name Course Title Date of Submission STRATEGIC MANAGEMENT-WALMART 2 Diagnosis of the challenge State the challenge While Wal-Mart implemented the principles of lean and agile design in its supply chain management (SCM) (Jawad, 2017) as a means of process optimization to reduce costs, the company has had problems with this strategic design. This has happened through incurring more additional costs, the lack of immediate tests for their solutions, and varied interests between the individual shareholder perspectives (Interaction Design Foundation, 2018; Ignatius, 2017). This has seen the company shift their brand appeal over the last decade to appeal high-income consumers (Interaction Design Foundation, 2018). For example, they rebranded to launch a highfashion campaign (Interaction Design Foundation, 2018), ventured into e-commerce but ended up being late (Ignatius, 2017), started stocking all different customer products and it receiving massive competition in analytics and customer understanding, a field that is had a competitive edge on (Ignatius, 2017). Provide evidence about the importance of this challenge โ€“ why is this the main challenge The lean and agile
  • 2. design in SCM is a huge benefit for organizations that seek to minimize costs and optimize their processes (Jawad, 2017) but in order to be successful, companies must be strategic in their implementation more so by focusing on integrating Agile methodology and systems thinking as the principals in SCM (Interaction Design Foundation, 2018) According to Rigby, Day, Forrester and Burnett (2000:181) โ€œThese systems analysis and redesign methods are excellent at describing and modeling the physical flow of materials, inventory a data a demand pattersโ€. International Design Foundation (2018) gives a success example with Rodale Inc., a publishing company that benefitted from such collaboration and STRATEGIC MANAGEMENT-WALMART 3 reclaimed its lost revenue of $50 million and improved its customer satisfaction from a D to an A. Discuss the companyโ€™s current position relative to competitors in addressing this challenge According to an interview with Doug McMillion the CEO of the firm, the company has implemented various strategies in order to recover its competitive advantage of being a leader in analytics, customer understanding through re- strategizing its agile methodology. According to the Harvard Business Review article, the company is improving its digital and technical talents in this big data era in order to provide new and continuous technological skills that will help in continuous improvement of its strategy in SCM while competing with main competitors such as Amazon. It has also initiated the Agile Product Development platforms which help in real-time monitoring of the supply chain, product testing, user feedback while setting a stage for the companyโ€™s massive entry into Artificial Intelligence (Woods, 2017). Guiding policy Wal-Martโ€™s Guiding Policy Wal-Mart has different strategies as well as policies for each of its business unit which might not conform to the Statement of Ethics (Wal-Mart, Global Statement of Ethics, p3). However, there is one conspicuous and overriding policy, the Low-cost Sustainable Product Strategy/policy which feeds the agile methodology that the company has implemented in its SCM. This policy recognizes the demand for a systemic index which can be used to define measure as well as compare product sustainability in the market. This involves the integration of practices that help in proper design operational processes to reduce costs and using materials that are offered by natural resources while optimizing the processes of production. The broader packaging initiate by the company presents shared values that direct to value innovations in its STRATEGIC MANAGEMENT-WALMART 4 sustainability program. Wal-Mart has identified the reduction of packaging and transportation costs as the major dimensions of achieving low-cost sustainability. This then brings in the idea of agile methodology into perspective. How this Policy has Shaped Past Strategic Choices This policy has dynamically shaped Wal-Martโ€™s choices both positively and negatively. In the positive aspect, the yearn to achieve sustainability brought about the creation of various internet ions such as The Sustainability Consortium 2009-2015which was aimed at designing and developing holistic public standards which would be used to measure product sustainability (Spicer & Hyatt, 2017). However, this strategy faced a lot of limitations, for example, member companies had to incur transaction costs of reporting, auditing and well as communicating the product sustainability information despite the intervention (Spicer & Hyatt, 2017). The company then implemented the Sustainability Leaders program which aimed to offer leadership on guidelines to use to achieve low-cost product sustainability. It also promoted the establishment of the supplier-focused strategy
  • 3. which works with suppliers to encourage low-cost innovation. (Spicer & Hyatt, 2017)However, the challenge with this strategy is that it solely works with the suppliers without close consideration of customer preferences thus calling for a balance between the customer-facing and supplier facing sustainability initiatives (Spicer & Hyatt, 2017). How this policy applies to address the current challenge. The Low-cost Sustainable Product Strategy/policy is a good directive for the achievement of SCM sustainability (Spicer & Hyatt, 2017). This policy led to the development of agile methodology as strategic outreach to the organizationโ€™s SCM process optimization and cost reduction. It has helped in refocusing on what intervention to integrate into the methodology with Wal-Mart opting for the Agile Product Development intervention that focuses on STRATEGIC MANAGEMENT- WALMART 5 optimizing product flow and manufacture (Woods, 2017). It has also helped the company to focus on sustainability measures across its operations and not in the SCM alone by considering systems thinking although the company remains a long way out on this. Set of Coherent Actions Strategic Action Plan One of the most applicable strategic actions that would empower the companyโ€™s policy is integrating the collaboration between system thinking and agile methodology. Systems thinking will help the organization understand the relationship between the different components and problems even in different business units while the agile methodology will help in improving solutions. What Wal-Mart lacks as International Design Foundation (2018) puts it is lack of immediate test of a solution and immediate identification of its root cause. This can only be done by considering the relationships that the solution has on other organizational facets which can be easily attained through system thinking. After identification of this relationship, it then becomes easy to integrate agile methodology to influence these solutions. What Wal-Mart is trying to achieve as well as specific actions that can be taken to achieve this Wal-Mart is trying to achieve a holistic approach towards attaining its goal of achieving low-cost sustainable products. It is trying to do this by devising various sustainability projects programs and interventions which are not delivering as expected. Wal-Mart needs to consider a design approach in its agile methodology. This involves the integration of systems thinking with the agile methodology. This involves various steps: (i) Breaking information into nodes and links STRATEGIC MANAGEMENT-WALMART (ii) Visualizing information by sketching it in physical space in order to understand the systems at hand and the relationships (iii) Collaboration through stakeholder participation and involvement (iv) Fast release of solutions to encourage user feedback (v) Iteration of the feedback and determination of changes needed to improve the solutions. Describe how these actions address the challenge and fit with the guiding policy. These actions follow a sequential process from identifying the real problem and its root cause, identifying possible solutions, involving stakeholders, gaining feedback and using this feedback to improve the process/products. This cycle helps in a multifaceted problem-solving strategy. 6 STRATEGIC MANAGEMENT-WALMART 7 References Ignatius, A (2017) โ€œWe Need People to Lean into the Futureโ€ Harvard Business Review, Retrieved from https://hbr.org/2017/03/we-need-people-to-lean-into-the-future Interaction Design Foundation (2018) Wicked Problems: 5 Steps to Help You Tackle Wicked Problems by Combining Systems Thinking with Agile Methodology, Retrieved from
  • 4. https://www.interaction-design.org/literature/article/wicked-problems-5-steps-to- helpyou-tackle-wicked-problems-by-combining-systems-thinking-with-agile-methodology Jawad, S (2017) A Literature Analysis of Wal-Mart-s Supply Chain Excellence in Term of Integration, Distribution, and Operations (Bachelor Thesis). Available from Haaga-Helia University of Applied Sciences Database Kumari, E., & Tewari, V (20-18) Strategic Management of Wal-Mart, Research Journal of Social Sciences, 11(1): 32-36 Rigby, C., Day, M., Forrester, P., & Burnett, J. (2000). Agile Supply: Rethinking systems thinking, systems practice, International Journal of Agile Management Systems, 2/3 (20000): 178-186. Spicer, A., & Hyatt, D (2017) Wal-Martโ€™s Emergent Low-Cost Sustainable Product Strategy, California Management Review, 1-26. DOI:10.117/0008125617695287, G Wal-Mart Stores Inc., Global Statement of Ethics, Retrieved from https://www.walmartethics.com/content/dam/walmartethics/documents/statement_of_et hi cs/Walmart_Statement_of_Ethics_English.pdf STRATEGIC MANAGEMENT-WALMART 8 Woods, D (2017) Real-Time Feedback: Agile Product Development at Wal-Mart, Forbes. Retrieved from: https://www.forbes.com/sites/danwoods/2017/04/18/real-time- feedbackagile-product-development-at-walmart/#580f83647559 STRATEGIC MANAGEMENT-WALMART Appendices Appenix1: Wal-Martโ€™s SFAS Table Matrix 9