December 3, 2012
Business Analysis Part III
Strategy management is the key to success in any organization. However, without the proper strategy and implementation, it is difficult for any business to survive regardless of the industry or the size of the company. The largest retail company in the world is Walmart. The success of Walmart is because of its sound strategic management decisions and it ability to implement its strategic decision. A major factor in the continued growth is the rapid growth strategy. The future for Walmart looks bright. Increasing profits and recognizing social and ethical responsibilities will provide Walmart with a comfortable balance. A three part business analysis on Walmart has dissected the successful strategy. The first part of the business analysis presented a SWOT analysis emphasizing the strength, weaknesses, opportunities, and threats of Walmart. The second part of the business analysis presented a financial analysis of Walmart. This paper is the third part of the business analysis in which this paper will review the strategic initiatives taken by Walmart to organizational and operational adaption to changing markets. Strategic Initiatives for a Changing Market
Economic trends from the local, state, and national level play a part in the success and failure of a business. The downturn of the economy causes consumers to spend less and seek better bargains for the money they spend. This causes companies to be in a unique situation. Companies have to make the decision to increase prices or to let employees go to keep their businesses alive. The United States recession of 2008 saw a decrease in employment of over 6% double that of all previous postwar recessions (Auguste, Lund, & Manyika, 2011). During the most recent economic recession one million jobs were lost in the retail sector. After the recession the industry added more than...