The Different Strategies of Walmart - Essay Example

The paper 'The Different Strategies of Walmart' is a perfect example of a business essay. Walmart, through constant innovation, has been able to create a long-lasting impact on its customers by providing them with convenient shopping experiences. With its recent innovation, customers can also perform shopping online. The company also operates in the United Kingdom and South America apart from its domestic market in the United States. The company has also covered a large percentage of the Asian markets including China, Japan, and India.

The company continues to be a leader in performing its objectives, business philanthropy, and creating employment opportunities for people around the world. The company believes in innovative thinking and providing advantages through its services in alignment with its vision towards global responsibility and community giving (Walmart Stores, Inc, 2016).The paper concentrates on studying the different strategies of Walmart as one of the leading companies in the world. The paper focuses on the business strategies used by Walmart in addition to the company’s positioning in the market segment and the overall industry context.

The information required for this assignment will accordingly be gathered from journals, articles, books, and Walmart’s financial statements. The paper focuses on providing recommendations and actions as a response to the strategies that the company is currently using in order to maintain its status in the market. The paper also focuses on the factors that can help Walmart with its best practices. It correspondingly concentrates on all the strategies and changes that the company had to make in order to build a good reputation among its competitors to maintain its position as a leader over the long run.2.0.

Company Background2.1. HistoryWalmart was established in the year 1962 in America, which is presently headquartered in Bentonville, Arkansas. It is a multinational retail business, which runs on a number of discount department stores, grocery stores, and hypermarkets.