Winning Strategies for Indian Inc From Mcdonald's and WalMart
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This document discusses strategies that Indian companies can learn from McDonald's and Walmart for winning during an economic recession. It summarizes the strategies of each company. McDonald's focused on improving existing stores rather than rapid expansion. It increased sales through effective supply chain management and menu changes. Walmart increased its market share through low prices on popular products and essential goods. Both companies emerged successfully from the recession through strategic focus on customers' needs.
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Winningstrategies1 090414010244-phpapp01
The document discusses winning strategies for Indian companies during an economic recession. It analyzes strategies of McDonald's and Walmart that helped them succeed during the global recession. McDonald's focused on improving food quality and customer experience. Walmart kept prices low on popular items and increased bonuses for employees. Both companies increased sales during the recession by listening to customers and adapting their business models.
Wallmart
Sam Walton founded Walmart in 1962 in Rogers, Arkansas. It has since grown to be a global giant, with over $476 billion in annual revenues. Walmart operates over 11,000 stores worldwide and has a presence in 27 countries. It aims to serve customers and associates with compassion and integrity. Though it faces challenges like labor lawsuits and community resistance, Walmart has strong financial performance and plans to continue expanding, especially in emerging markets through online and brick-and-mortar growth.
Wal-Mart’s Foreign Expansion
Wal-Mart began expanding internationally in the early 1990s by entering Mexico. It became Mexico's largest retailer by hiring local managers, understanding Mexican culture and preferences for fresh foods, and keeping prices low. When entering China in 1996, Wal-Mart also studied the culture and found that offering fresh meats and fish, rather than packaged, helped gain acceptance. Wal-Mart struggled when entering Germany in 1998, failing to understand cultural differences in management and customer preferences, and ultimately withdrew in 2006. Understanding cultural differences is key to the success of international expansion for organizations.
Walmart
Walmart has experienced significant growth and success since its founding in 1945. Sam Walton opened the first Ben Franklin franchise and later founded Walmart in 1962. Through the 1970s, Walmart began expanding rapidly across the US. By 1999, Walmart stock was named the #1 stock on the Dow Jones Industrial Average. The document discusses Walmart's competitive advantages in discount retailing, including its large store footprint and proximity to customers, low prices, and efficient supply chain and inventory management systems. It also considers the sustainability of Walmart's advantages in 1986 and whether Sam's Wholesale Clubs were likely to achieve similar success to Walmart's discount stores.
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Walmart is a large multinational retail corporation founded in 1962 in Arkansas. It operates stores worldwide and has over 2 million employees. Walmart pioneered strategies like just-in-time inventory and data-driven merchandising that helped drive down prices. However, its expansion into Germany in the late 1990s met with difficulties due to cultural and management differences from its American operations. Walmart ultimately exited Germany in 2006 after failing to adequately adapt to the local market.
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Sam Walton founded Walmart in 1962 in Rogers, Arkansas. It has since grown to be a global giant, with over $476 billion in annual revenues. Walmart operates over 11,000 stores worldwide and has a presence in 27 countries. It aims to serve customers and associates with compassion and integrity. Though it faces challenges like labor lawsuits and community resistance, Walmart has strong financial performance and plans to continue expanding, especially in emerging markets through online and brick-and-mortar growth.
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Walmart is a large multinational retail corporation founded in 1962 in Arkansas. It operates stores worldwide and has over 2 million employees. Walmart pioneered strategies like just-in-time inventory and data-driven merchandising that helped drive down prices. However, its expansion into Germany in the late 1990s met with difficulties due to cultural and management differences from its American operations. Walmart ultimately exited Germany in 2006 after failing to adequately adapt to the local market.
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Executive Summary 3
1. Company Background 4
2. External Strategic Analysis 4
2.1 PEST Analysis 4
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2.2 Porter's Five Forces Analysis of Wal-Mart 5
2.2.1 Porter's Five Forces Model Conclusion 5
2.3 Opportunities and Threats Analysis 6
2.3.1 Opportunities and Threats Analysis Conclusion 6
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3.1 Strength and Weakness Analysis 7
3.1.1 Strengths and Weakness Conclusion 7
4. Strategy Formulation 8
5. Recommendations and Conclusions 9
References 10
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Instructor: Robert Waters
Course: Bus480
Institution: Argosy University Online
Date: Jan 6, 2016
Wal-Mart Corporation: Strategic Analysis
Overview
Wal-Mart Corporation is a leading chain of retail stores in the world. It serves various global markets in the world operating in the United States, Canada, Mexico and other countries in the world. It has its headquarters in Arkansas in the United States from where its global operations are managed. Sam Walton founded Wal-Mart Corporation in the year 1962. It became incorporated as a trading company in the year 1969 and began trading in the New York Stock Market in the year 1972. Wal-Mart has witnessed immense growth due to sound management. It had more than 3,000 stores and 750,000 employees. It had annual revenue of more than $ 100 billion as at the year 2012. Wal-Mart uses different names in the countries it operates. In Mexico it is called Walmex. It is goes by the name ASDA in the Great Britain and Seiyu in the Eastern Asian country of Japan. Wal-Mart also operates in Canada, Brazil, Argentina and Puerto Rico as a wholly owned company. Wal-Mart consumers can also shop Wal-Mart through their easy to access the website (Wal-Mart, 2014).
Mission, Vision and Values
Wal-Mart’s mission statement is “saving people money so they can live better lives”. Wal-Mart’s mission statement influences decision-making and service delivery at all Wal-Mart’s stores. Wal-Mart’s mission statement aligns to its slogan “Save money live better”. The firm executes its mission statement by offering goods to consumers at low prices. The company, however, fails in fulfilling the second component of its mission statement that is enabling people to live better lives. According to Ungar (2013), one of the major criticisms of the mission statement is the low wages it offers to its employees that make it impossible for its employees to make ends meet. People also criticise Wal-Mart due to the low quality imported products it sells to its customers. There have been numerous claims of Wal-Mart selling hazardous products to consumers in some of the stores.
Wal-Mart’s vision is “To be the best retailer in the heart and minds of consumers and employees”. It aspires to become a global leader in the retail sector. Wal-Mart has already succeeded in fulfilling the part of the vision statement that targets global leadership in the retailing industry. Its vision statement points to the hearts and minds of people. Wal-Mart provides an opportunity for its employees and consumers to benefit financially in a bid to win their hearts. Wal-Mart appeals to the hearts of its Employees by giving them an opportunity to earn wages and those of their customers by enabling them save money by selling them goods at low prices. (Wal-Mart, 2014)
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Michael Bergdahl, an expert on Walmart's business practices, is hosting a one-day master class called "Bird Dawg Millionaire" in major Indian cities. The class aims to teach retail strategies for business success even during economic downturns, based on lessons from Sam Walton and Walmart. Attendees will learn the POCKETS framework and how to optimize aspects like pricing, operations, culture and talent. The event is intended to help Indian retailers capitalize on the large untapped potential in the country's retail market.
Retail Master Class in India - Bird Dawg Millionaire
Michael Bergdahl, an expert on Walmart's business practices, is hosting a one-day master class called "Bird Dawg Millionaire" in major Indian cities. The class aims to teach retail strategies for business success even in tough economic times, based on lessons from Sam Walton and Walmart. Topics will include pricing, operations, culture, talent management, and customer service. The goal is to help Indian retailers capitalize on growth in the country's retail sector by learning internationally proven techniques for profitability.
Kmart vs Wal-Mart Week 9
Kmart and Wal-Mart were once similar in size and revenue, but now their trajectories have diverged greatly. Kmart employs a "high-low" pricing strategy of regular prices with periodic sales, while Wal-Mart uses an "everyday low pricing" strategy made possible through stringent cost controls. This allows Wal-Mart to be seen as always having the lowest prices. As a result, Kmart has struggled with declining sales and store closures, while Wal-Mart has increased revenues and store locations to become the dominant discounter. The analysis concludes that an everyday low pricing approach is better suited to today's competitive retail environment.
Group 6 final project
Group 6 analyzed Walmart as a potential investment. Walmart has grown tremendously since starting in 1962, becoming the largest retailer and private employer worldwide. It maintains its success through an everyday low price model and expanding into new markets through subsidiaries. Financially, Walmart is very profitable with increasing revenues, profits, and dividends in recent years. While it faces some criticism, Walmart overall presents a promising long-term investment opportunity for sustained growth.
walmart-130302213032-phpapp02.docx
Wal-Mart has grown to become the largest retailer in the world since Sam Walton opened the first store in 1962. The document provides a history and chronology of Wal-Mart's expansion across the US and into new retail formats. It outlines Lee Scott's new role as CEO in the 2000s and poses the key question of what strategies he should employ to maintain Wal-Mart's dominance globally into the future.
Walmart Presentation
Sam Walton started his retail career working for JC Penney and opened his first Ben Franklin store. In 1962, he opened the first Walmart store in Rogers, Arkansas. Since then, Walmart has grown to be the largest retailer in the world. It now operates over 11,000 stores worldwide. Walmart emphasizes low prices through efficient operations and supply chain management. It has also focused on expanding into international markets like Mexico, China, and the UK. Walmart's use of technology, like barcodes and a centralized computer system, has helped drive its growth and competitive advantage.
AbstractKmart is one of the leadin.docx
Abstract
Kmart is one of the leading discount stores chain in the United States. Despite having gone through turbulent times over the years, the company has experienced resurgence after resurgence to remain among the top three largest chains. However, it ranks third behind Wal-Mart and Target, despite being a pioneer of the discount stores ‘movement’. This paper took a closer look at Kmart’s value proposition, market position and competitive advantage. it also scanned its current environment and that of the industry by applying the Porter’s five forces model.
Identified several strategic issues that Kmart must re-look so that it can either regain its leadership position in the industry or remain as a worthy player in the industry. For instance, it should tailor its target market from the urban areas where its stores are predominantly located. It should also abandon the cost leadership approach in its pricing strategy. Adapting technology in managing its inventory and merchandising would go a long way in cutting its costs. Revitalising its brand image should focus on creating a unique customer experience. Furthermore, besides transforming its methods the company should look at management changes to steer it from repeating similar mistakes that has led it to the current situation.
Table of Contents
Abstractii
Table of Contentsiii
1Introduction1
1.1Value proposition1
1.2Market Position2
1.3Competitive Advantage2
2External Environmental Scan/Five Forces Analysis3
2.1Current environment3
2.2Five Forces Analysis3
2.2.1Buyer Power3
2.2.2Supplier Power4
2.2.3Rivalry4
2.2.4New Entrants5
2.2.5Substitutes5
3Strategic issues5
3.1Target Market5
3.2Pricing6
3.3Inventory Management6
3.4Brand Image7
3.5Management7
4Summary/ Key Findings and Recommendations8
References:9
Running head: PRELIMINARY STRATEGY AUDIT i
PRELIMINARY STRATEGY AUDIT ii
Introduction
Kmart’s story began when Sebastian Kresge opened a store in Detroit back in 1899. His low prices appealed to many customers and he was able to open an additional 84 stores in the next thirteen years. Currently, the Kmart business empire has about 1500 stores and operates an online store, Bluelight.com. The brand stands for quality products and low prices. Despite many challenges presented by wars and financial crises, the business did not fizzle out. It continued its expansion and opened ‘discount stores’ that sold goods for a dollar or less (searholdings.com). The discount stores chain has beat all odds to become the world’s third largest chain behind Target and Wal-Mart. Value proposition
Kmart is a subsidiary of the Sears Holding Corporation that offers its customers quality products at affordable prices. The discount stores chain offers an assortment of merchandise that includes consumer electronics, toys, garden equipment, outdoor living, food products, apparels and seasonal products. A few y.
Presentation1
Wal-Mart was founded in 1962 in Arkansas and has grown to be the world's largest retailer. It maintains low prices through efficient operations and a strong supply chain. Wal-Mart's mission is to save customers money so they can live better. It aims to continuously expand into new markets globally and address social and environmental issues important to customers.
Amul_Final_Project.pdf
The document discusses market segmentation, targeting, and positioning strategies for Amul butter. It explains that Amul segments the market based on identifying prime customer groups that account for most sales. It targets segments that are homogeneous, measurable, accessible, and large enough to be profitable. Amul has positioned itself as a family brand with the tagline "Taste of India" and focuses on emotional connections while providing good quality products at reasonable prices across India.
59363626 wal-mart-strategic-management
This document provides an in-depth analysis of Walmart's global strategic management and electronic distribution strategies. It discusses Walmart's history since being founded in 1962, outlines its external and internal environments, and analyzes its business level, corporate level, international, and digital business strategies. The document also examines Walmart's strategic implementation approaches, including strategic control, governance, organizational design, leadership, innovation, and new ventures. It proposes alternative solutions to Walmart's challenges and makes recommendations.
Walmart ppt
This is our Principle of practices and management presentation which we gave in our pgdm program at srms ibs, lucknow. i would like to thnk our professor ekta mam and my group members
Shidler college of_business_ws
Walmart is positioned to outperform Amazon over the next 10 years for three reasons:
1) Walmart's strategy of combining brick-and-mortar stores with e-commerce is well-suited as physical retail still accounts for the vast majority of sales.
2) Walmart is well-positioned to capture growth in China's expanding middle class through its early entry and accelerating store expansion in China.
3) Walmart has a global store network, above-average profitability, and a conservative capital structure that provides low-cost capital to fund continued growth.
ALDI Digital Marketing Campaign.pdf
ALDI analyzed their top selling exclusive product, the Mamma Cozzi's Pizza Take and Bake. It is a popular item due to its affordable $6 price point and variety of pizza types. However, its extra-large size is too large for some customers. The pizza appeals to ALDI's target demographics of busy mothers and younger customers seeking convenient meals. ALDI sees opportunities to expand offerings to better meet customer needs.
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Retail Master Class in India - Bird Dawg Millionaire
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