Strategic Plan Part 4

About Your Signature Assignment Signature/Benchmark Assignments are designed to align with specific
program student learning outcome(s) in your program. Program Student
Learning Outcomes are broad statements that describe what students
should know and be able to do upon completion of their degree.
Signature/Benchmark Assignments are graded with a grading guide or an
automated rubric that allows the University to collect data that can be
aggregated across a location or college/school and used for
course/program improvements. Purpose of Assignment The purpose of The Final Strategic Plan is to allow the student to
develop a comprehensive strategy for a new division of an existing
company. This analysis will be the culmination of all the previous
week’s coursework as well as e objectives covered during their entire
degree work. Assignment Steps Resources: Strategic Planning Outline and Week 5 textbook readings Strategic Management, Ch. 9: Strategy Review, Evaluation, and ControlDevelop a minimum of 700-word section for your
business model and strategic plan in which you add your strategies and
tactics to implement and realize your objectives, measures, and targets.Identify marketing and information technology as part of the strategies and tactics section of the business plan.Develop at least three methods to monitor and control your proposed
strategic plan, being sure to analyze how the measures will advance
organizational goals financially and operationally.Determine the best possible options for evaluating the strategic plan. Explain the ethical issues faced by the organization, summarize the
legal and regulatory issues faced by the organization, and then
summarize the organization’s corporate social responsibility.Show, in this section, the possible implications of the triple
bottom line (people, planet, profit) on the strategic plan and its
implementation.Prepare a minimum 350-word executive summary
defining the new division of existing business. Share your Vision,
Mission, final business model, and value proposition, and list your key
assumptions, risks, and change management issues. Quantify the growth
and profit opportunity and planned impact on various stakeholders.Note: Any investor should be eager to meet with you after reading your executive summary.Use the Strategic Planning Outline as a guide, and combine
Parts 1, 2, and 3 of your completed business model strategic plan with
your Final Business Plan Model assignment and Executive Summary. This
includes the Business Model, Vision, Mission, Values, SWOTT Analysis,
Supply Chain Analysis, and Balanced Scorecard and Communication Plan
from prior weeks. Your consolidated final strategic plan should be a
minimum of 4,200 words in length. I HAVE ATTACHED THE PRIOR TWO PAPERS FOR YOU, THE THIRD IS BEING WORKED ON NOW, TO USE TO COMBINE AS STATED ABOVE.Format the paper consistent with APA guidelines.
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Strategic Planning Walmart
1
Strategic Planning on Walmart
Teresa Rudnick
BUS/475
December 11, 2017
Fritz Hibbler
Strategic Planning Walmart
2
Strategic Planning on Walmart
Introduction
In this paper, I will define another division of Walmart that would execute another
and imaginative approach to give items and administrations to its clients. Reliably more
organizations are starting up to struggle in this market while others are extending to offer
more items and administrations to be more focused in this aggressive condition. In this state,
organizations are searching for other creative thoughts or item to enable the organization to
be more beneficial, to cost effective, and gainful to fulfill the partners. A division that would
deliver the client needs to accomplish upper hands over the contenders. Additionally, I will
depict a dream and a plan of action that would unmistakably show what the business would
progress toward becoming later on. Furthermore, I will clarify how the mission, vision, and
the estimation of the new division lined up with the organization’s central goal and vision.
Besides, I will condense how the new division settles on systems choices base on its vision,
mission, and qualities. In conclusion, I will characterize the managing standards and qualities
under the structure of ethics, culture, and social responsibility.
Proposed Product
In the present market structure particularly, the retailer one. The cost of working the
business is hugely expanding whereby the legislature has set up arrangement, for example,
restorative protection, the lowest pay permitted by law expanding and therefore not
overlooking the intensity way of this business. Walmart is in the present search for an extra
advancement which will empower the operation of the firm where esteem expansion to the
business would help the association greatly. The desire for the organization in the extension
of fast food eateries was in this manner the advancement of menus of offer where diverse
sorts of this items are selling. It incorporates pizza, burgers, plates of mixed greens and
Strategic Planning Walmart
3
sandwiches. It is an awesome development in the Walmart stores whereby the new pursuit
will be that the fast food eateries will be the robot which will deal with the nourishment
generation zones. It will spare time and consequently spare cash for the organization over the
long haul. The new inventive alluded as mechanical director was tried in various eateries and
brought about being effective where hyperactive Bob placed into the test, and a positive
outcome shown. With this the new and enhance plan for which is from the Walmart mission
state “sparing individuals cash so they can live better.”
Customer Needs
This new administration will give quality and low-value nourishment for its
customers by underwriting the development, an automated supervisor to run the sustenance
creation in the cafes. By utilizing mechanical chief, it diminishes advantage time and
improves visitor profit by enhancing a ability of the flame broil sandwich get together.
Additionally, chopped down the farm time for a sandwich, along these lines enhance the
quality and kind of the sustenance. By using robotized director, it decreases advantage time
and improves guest advantage by upgrading a capability of the grill and sandwich gathering.
In like manner, cleaved down the farm time for a sandwich, henceforth advance the value and
sort of the sustenance. In like manner, utilizing Robot chief can reduce a cost of new
specialist planning and give exact deciding to take out the abuse of nourishment (Robin
Karol, 2011).
Business Model
The vision of the new business is for being innovative and forceful using rising
developments that would engage the association to give the best value and fresh nourishment
at a subordinate cost.
Strategic Planning Walmart
4
The model of this new corporate division will be a fast food restaurant inside Walmart
stores. The menu will solidify burgers, portion of mixed greens, point sandwiches, and cool
sandwiches, singed chicken, wieners, onion rings, pop pops, pizzas, chips, breakfast
sandwiches, and espresso. A robot boss will deal with the sustenance dealing with operation
of the burger joint. Its work will solidify giving how much food to cook base on gaging
figures to wipe out the mishandle of help. Likewise, it will screen the accounts to pledge that
nothing comes up short on frameworks and no nourishment past the end date on the rack. The
mechanical boss will position of the major activity of what and how much sustenance
engineered. Accordingly, it will reduce mass on the operators (Mckeown, 2014).
Align with company’s mission
The mission as well as vision made in our new division are unmistakably in
accordance with Walmart work and vision clarification which assign “we save people money
so they can live improved” in the nutshell the matter of this as of late made division was to
ensure that the creating development are all around used to the full occasion of the customers
we serve. The introduction of the self-serving machine will as time goes on save cost which
will engage Walmart to in like manner offer stock and ventures at a more affordable cost to
its different customers. To the extent regard, one would express the degree at which people
are not lining after expanded timeframes of shopping will attract more people to the store and
urge them to buy other stock. This announcement is comparable and lines up with that of
Walmart since it likewise includes the association surely knowing as the best in a retail
business. Hence, the advancement of items and administrations of the new business are lined
up with the Company’s development vision and additionally mission (Walmart , n.d.).
Strategic Planning Walmart
5
Guiding the Strategic Direction
Company’s values, mission, as well as visions proclamation is a standard through
which the influenced division to will tread its key game plans to control the method for the
association Walmart. Proceeding our customers who have reliably been our focus to serving
them better, under this progression would value the simple strategy for shopping in our front
line condition. Our delegates and customers are a tremendous favorable position for the
association Walmart. Everything considered, we would not be our way of life as an
association without visit laborers meanwhile with our customers. As an association whose
case of defeating difficulty depend much on the all inclusive community living inside the
gathering, we view it as basic to generously offer back to the very society.The system of
utilizing innovation to accomplish our vision and statement of purpose talks a considerable
measure to Walmart’s sense of duty regarding giving quality at a less expensive prize to all
way individuals particularly the less lucky (Marios Katsioloudes, 2016).
Guiding Principals
The technology has a major impact on our evolving society, business social duty and
the moral conduct of an organization. For an organization to be fruitful in this aggressive
business condition, it needs to underwrite the new developing advancements that would
empower the organization to receive advancement to be gainful. In this procedure, an
organization ought to adjust its controlling standard to its societies, social obligation, and
morals. The social establishment for the new division is cooperation and client
administrations. There is no “I” in this workplace, and the clients are constantly right. We
will cooperate as a group to guarantee that we give crisp quality items and best client benefits
that addresses the issues of our customers (O. C. Ferrell, 2010).
Strategic Planning Walmart
6
There will be an open entryway strategy to enable representatives to share their worry
and bliss whenever. Also, there will be regard for each other and our clients. New thoughts
will constantly welcome for discourse. The method for a living is changing definitely as
indicated by time. Like this, for Walmart successful beginning nowadays, especially in this
forceful corporate condition, its duty is to utilize the growing headways to endure and make a
sensible degree of getting. Subsequently, appropriately, laborers inside this dissection will
work using the effective ethics and makings that resemble those of Walmart Corporation. The
common foundation of the new dissection in the affiliation is participation and customer
administrations.
In the process of the division, it is important to understand that no usage of the
appearance will be reasonable to grasp that the customers are continually right paying little
respect to their opinion. The acts of the dissection will be passing on while guaranteeing that
all the effective methodologies are brilliantly taking after deprived of disregarding or dealing
with any of the methodologies. Each one of the ethics annexed to the agents will in like
manner kept, and no individual inside the affiliation will be outlandishly treating. The
division will guarantee that its operations don’t impact the ground and the overall population
in any way. All these will be ended by the set methodologies overseeing the operations of the
affiliation.
Strategic Planning Walmart
7
References
Marios Katsioloudes, A. K. (2016). The Strategic Planning Process: Understanding Strategy
in Global Markets. Taylor & Francis.
Mckeown, M. (2014). The Innovation Book: How to Manage Ideas and Execution for
Outstanding Results. Pearson UK.
O. C. Ferrell, M. H. (2010). Marketing Strategy. Cengage Learning.
Robin Karol, B. N. (2011). New Product Development For Dummies. John Wiley & Sons.
Walmart . (n.d.). Global Statement of Ethics. Retrieved from
https://www.walmartethics.com/uploadedFiles/Content/U.S.%20-%20English.pdf
Running head: WALMART SWOT ANALYSIS
Walmart SWOT Analysis
Teresa Rudnick
BUS/475
December 18, 2017
Fredric Hibbler
1
WALMART SWOT ANALYSIS
2
Walmart SWOT Analysis
Walmart is in the present search for an extra advancement which will empower the
operation of the firm where esteem expansion to the business would help the association greatly.
Without a doubt, the SWOT Analysis tool is critical in making strategic decisions and
determination of new or existing products. The SWOT analysis stands for the strengths,
weakness, opportunities and threats of a company. The analysis evaluates the company’s internal
and external forces to improve they key business structure, operations, products and strategy.
However, Walmart is in the present search for an extra advancement which will empower the
operation of the firm where esteem expansion to the business would help the association greatly.
The desire for the organization in the extension of fast food eateries was in this manner the
advancement of menus of offer where diverse sorts of this items are selling.
Walmart External Forces
EXTERNAL SWOT
OPPORTUNITIES
THREATS
Laws for Safety
Higher demand for product
Set safety standards for
Safety Standards
industry
Outsource not complying to
Same legal standards for
standards
LEGAL & REGULATORY
competition
Patent Protection
GLOBAL
Growing economy
Growing market competition
Growing demand
Technology becoming
Reduction of labor costs
obsolete
WALMART SWOT ANALYSIS
3
overseas
Existing brand name &
distribution
ECONOMIC
Rise of income
Exchange rate and currency
Decrease in Unemployment
fluctuations
High inflation
Recession
TECHNOLOGICAL
Product innovation
Advancing technology of
Application technology
competitors and market
Quality control check
INNOVATION
SOCIAL
Product is unique
Customers desire new
Unlike any other competitors
developing and changing
Advancement on prior
products
products
Lack of resources
Population Growth
Negative media advertisement
Age distribution
Cultural diversification
Media Advertisement
ENVIRONMENTAL
Implement Comprehensive
Availability of raw materials
Waste Policy
Higher costs of materials
Minimize environmental
footprint
WALMART SWOT ANALYSIS
COMPEITTIVE ANALYSIS
4
New type of product to
Competitors could duplicate
market
similar products or develop
Safe and easy to use toy
higher quality and functioning
Learning capabilities for
product
children
Inability to reach target
market
External forces are opportunities and threats that the company itself cannot control. These
forces are considered legal, global economic, technological, innovation, the social,
environmental, and competitive analysis which they can affect short run and long-term
operations at Hasbro’s Incorporated. It is important for the management team to recognize these
opportunities and threats for strategic decision making.
Technological the model of this new corporate division will be a fast food restaurant
inside Walmart stores. The menu will solidify burgers, portion of mixed greens, point
sandwiches, and cool sandwiches, singed chicken, wieners, onion rings, pop pops, pizzas, chips,
breakfast sandwiches, and espresso. A robot boss will deal with the sustenance dealing with
operation of the burger joint. Its work will solidify giving how much food to cook base on gaging
figures to wipe out mishandle of help. Likewise, it will screen the accounts to pledge that nothing
comes up short on frameworks and no nourishment past the end date on the rack
Economic external factors can impact the business management, product development,
plus supply and demand. The rise of income and decrease in unemployment allow more
consumers to earn more money which increases spending.
WALMART SWOT ANALYSIS
5
Social factors are what affects the lifestyle of consumers like religion, wealth, and
families. Businesses have to be aware of these factors changing to understand marketing
decisions. Unfortunately, social factors are the hardest to forecast and predict. Some social
opportunities for Walmart are population growth, and media advertisement. Some threats related
to social factors are negative media publications and cultural diversification. Both can provide
misunderstood information decreasing the desire of product.
With the availably and costs of raw materials becoming threatening, Walmart devised a
plan to implement a comprehensive waste policy (Pahl & Richter, 2007). The policy is their
endless opportunity with existing and new product development enforcing the use of non-toxic,
environmentally safe material usage decreasing the companies ecological. The policy also
allowed for a competitive advantage over the competition with environmental enthusiasts.
With the evaluation of competitive analysis, the company can establish what makes the
new division unique and attractive to the target market. Fortunately for Hasbro’s the product is
not like any other on the market. The new product is also safe, easy to use, and has learning
capabilities for children. Some threats are competitor’s ability to duplicate similar product or
develop higher quality and adding functions to the toy. The largest threat is the possibility of not
reaching the target market efficiently.
Walmart Internal Forces
INTERAL FORCES
STRATEGY
STRENGTHS
WEAKNESSES
Promote clear cut business
Management not following
operations
strategy plan
Educating management
WALMART SWOT ANALYSIS
STRUCTURES
6
Developed and experience
Management not following
management teams
roles and responsibilities
Skilled in management
control
PROCESSES & SYSTEMS
Advanced technology to
Cost of technology increasing
create, manufacture and test
products
RESOURCES
Strong brand recognition
Strong competitive brand
High level of consistency of
names
company performance
Loss of manufacturing
facilities
GOALS
Walmart is in the present
Adapting to cost and
search for an extra
following through with goals
advancement which will
empower the operation of the
firm where esteem expansion
to the business would help the
association greatly.
STRATEGIC
Public surveys
Less relevant
CAPAIBILITES
Market Trends
Difficult to change
WALMART SWOT ANALYSIS
CULTURE
TECHNOLOGIES
7
Strong work ethic
Not every employee
High ethical beliefs
following ethical beliefs
R&D department
Mastering technology
Control quality checks
INNOVATIONS
Combining technology to
Lack of openness to new
create better
ideas
products
INTELLECTUAL
PROPERTY
LEADERSHIP
Implementing IP
Exploitation of IP
Management
Creating leadership styles
Maintaining leadership
The Internal Forces of a company can affect the activities, processes, control, and
decision-making. Walmart is known for their extended periods of business operation.
A strategy strength for the company is promoting clear cut business operations through
highly educating management and employees. A weakness for their strategy is when
management refuses to use their education and not follow company strategic plans. The
company’s structure is just as important as the strategy when dealing with the administration
teams. Walmart experienced and developed management team is a strength they use to determine
structure capabilities. But when the management doesn’t follow their roles and responsibilities it
creates structure weakness within the company.
WALMART SWOT ANALYSIS
8
Walmart goals to strengthen the company are to expand the environmental sustainability by
minimizing the environmental footprint of operations, supply chain, products and packaging.
Switching primarily to environmentally safe products can be costly causing weaknesses but over
time can serve as a strength. Strategic Capabilities determine a company competitive analysis.
For Walmart their strategic capabilities of the new product, division is the value and rarity of the
new product (Pahl & Richter, 2007). Market trends and public surveys narrow down the strategic
capabilities of the company and need for product development. Strategic capabilities can cause
weaknesses over time they are less relevant and difficult to alter.
Implementing an internal intellectual property management or known as IP management
program in many cases provides companies with a competitive advantage. The IP management
helps the company protect patents, brand recognition, and internal procedures. Without this
strength, the company can face weaknesses like copyright fractures, legal difficulties, and
internal management complications. The application of leadership style helps the company
understand and utilize the design, build, and maintain the product development. However,
maintaining the leadership can create weaknesses with management and employee direction.
Supply Chain
Walmart is determined with encouraging environmental sustainability, the plan to
leverage core competencies and make a positive impact on the company through the supply
chain. They have already begun the process of minimizing greenhouses gas and emission with
combining several store products in one vehicle or trip. Instead of breaking into many sections
they ship on boats together decreasing the number of trips make (Simchi, 2013). Walmart
outsources their manufacturing overseas to lower the cost of production. However, these
locations need regulatory inspections to manage their efficiency and environmentally safe
WALMART SWOT ANALYSIS
9
practices. With the management of outsourcing facilities, it can allow Hasbro to honestly say
they are contributing everything they can to reduce their footprint. Factories even if not owned
by companies can give them negative media advertisements when laws or policies are not
followed.
Conclusion
Walmart has shown they are the leading company with 90 plus years in operation. They
utilize their tools like SWOT analysis to help identify the company’s internal and external forces.
The company adapts to changes relatively quickly allowing them to stay on top of market
internally, externally, and through their supply chain.
WALMART SWOT ANALYSIS
10
References
Barney, J. B. (2011). Looking inside for comp …
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