StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Wal-Mart: Key Insights and Practical Lessons - Essay Example

Cite this document
Summary
In the paper “Wal-Mart: Key Insights and Practical Lessons” the author discusses one of the mega-retailers that hold key to supplying healthy food to low-income urban centers where grocery options are severely limited. Regardless of efforts to expand Wal-Mart stores, so much resistance has met the endeavors…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.1% of users find it useful
Wal-Mart: Key Insights and Practical Lessons
Read Text Preview

Extract of sample "Wal-Mart: Key Insights and Practical Lessons"

Wal-Mart’s corporate management team has over the past decades toiled inside its ‘Bentonville Bubble’ in order to win the approval of zoning commissions and committees. This entails focusing on operational efficiency, the growth of the company, and its subsequent profits. However, this has proved not efficient enough and the company has widened its sights, built networks of employees, government agencies, nonprofits, and suppliers to ‘green’ its supply chain. By seeking the approval of zoning commissions and committees, Wal-Mart will be in a position to increase its profitability.

In order for the company to excel, it has cultivated closer relationships with its suppliers that have immensely contributed to initiatives. Moreover, Wal-Mart has gone further to build bridges between environmental nonprofit organizations and suppliers (Roberts and Berg 149). Most importantly, relying on external network collaborates such as the NGO’s has allowed the company to accomplish most of its objectives devoid of major investments since suppliers tend to absorb most of the costs of certification.

Arguably, retailers often face a fast-expanding, multi-pattern competitive set that deprives them of the opportunity to realize where they are heading. Wal-Mart as one of the leading companies in terms of sales may face quite a range of challenges once it runs significantly smaller stores. Change in technology and the use of new technological skills will be a challenge to smaller stores (Roberts and Berg 148). Customer service becomes a problem and incompetent to the consumer. Moreover, too many stores may lead to frequent price-cutting that may lead to low-profit margins and unreliability to the customer.

It is necessary for a business to expand in order to meet the consumer’s needs and wants. Running smaller stores will not enable Wal-Mart to expand dramatically thus consequently leading to the incapability of the company to meet the consumer’s needs. In conclusion, Wal-Mart has proved to be potential enough to excel in the world of business by changing from cheap retailer stores to something beyond pure operational efficiency. As a good example, Wal-Mart has shown the way towards sustainable business models that can be significantly measured in quite numerous ways.

Other corporations need to design at least similar ways and approaches in order to succeed economically.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Wal-Mart: Key Insights and Practical Lessons Essay Example | Topics and Well Written Essays - 500 words - 2, n.d.)
Wal-Mart: Key Insights and Practical Lessons Essay Example | Topics and Well Written Essays - 500 words - 2. https://studentshare.org/business/1602524-intro-to-business
(Wal-Mart: Key Insights and Practical Lessons Essay Example | Topics and Well Written Essays - 500 Words - 2)
Wal-Mart: Key Insights and Practical Lessons Essay Example | Topics and Well Written Essays - 500 Words - 2. https://studentshare.org/business/1602524-intro-to-business.
“Wal-Mart: Key Insights and Practical Lessons Essay Example | Topics and Well Written Essays - 500 Words - 2”. https://studentshare.org/business/1602524-intro-to-business.
  • Cited: 0 times

CHECK THESE SAMPLES OF Wal-Mart: Key Insights and Practical Lessons

Wal-Mart Stores, in Canada

wal-mart Stores in Canada Name: Institution: In Canada, wal-mart entered in the year 1994 when it bought 121 of the 144 wool co stores.... The first union to be run at wal-mart was the retail, whole sale branch of the united steelworkers.... hellip; wal-mart has been growing rapidly in the Canadian market.... wal-mart is confident even when faced with rivalry.... For more than two decades, wal-mart in Canada has been fending off incursions from dollars stores with success (Roberts & Berg, 2012)....
4 Pages (1000 words) Essay

Speaker presentation response paper

For instance, small and medium enterprises often had to contend with the fact that large and well established multinational corporations such as wal-mart offer stiff competition.... Name Instructor Course Date Response Paper for Speaker Presentation The presentation claims some goals that are difficult to achieve in the developing of one's career and business....
3 Pages (750 words) Essay

Do IT Investments Really Pay off

Article 2: Creating and Sustaining the High-Performance Business: Research and insights on the Role of... Other examples of such companies are wal-mart, pef.... The single foremost important thing for any organization that intends to be profitable in the long run is the effective management of supply chain....
4 Pages (1000 words) Essay

Information System Strategy

The organization was incorporated in October 1969 as wal-mart Stores Inc.... being publicly traded in the NYSE, in wal-mart, today has more than 9,600 retail stores in over 30 countries, employing some 2 million employees with 1.... wal-mart is an unavoidable and irresistible retail force that, as of the present, has not met any immovable objects.... Larger than Tesco, AG, Metro, and Carrefour combined, wal-mart is the world's top retail store (Roberts & Berg, 2012: p26)....
12 Pages (3000 words) Essay

Wal-Marts Sustainability Strategy

The paper “wal-mart's Sustainability Strategy” seeks to evaluate the supply and demand for wal-mart's seafood, which is in a state of imbalance, considering that the demand for the seafood is growing at the rate of 25% annually, while the supply for the same seems to be on the decline, by 3% since 1900.... Thus, wal-mart has to seek a strategy for obtaining the certification of its boat operators from the Marine Stewardship Council....
13 Pages (3250 words) Essay

Key insights and practical lessons of Wal-Mart

In the paper “key insights and practical lessons of Wal-Mart” the author analyzes American corporation that runs a large chain of departmental stores and warehouses.... For instance, in the US, the company operates under the brand name of wal-mart.... For instance, in United States of America, the company operates under the brand name of wal-mart....
6 Pages (1500 words) Essay

International Business: Witnessing a Strong Business Opportunity

In this particular assignment, the focus is on US based retailer wal-mart and its outcomes when it ventured into different foreign markets.... wal-mart is a US based retail giant, which started its business operations in the year 1962, in Arkansas, USA.... The US based retail organization wal-mart has grown steadily over the years and in the course of responding to different dynamics in its domestic market, has ventured in to multiple international markets around the world....
18 Pages (4500 words) Essay

Competing Capabilities in Business

Currently, Canon is a key competitor in both mid-range copiers and high-end color copiers.... Most explanations associate wal-mart's remarkable success to a few familiar and highly visible factors.... Customer contentment in terms of quality, pricing, and timely availability of the commodities as per the customers' expectations is the baseline of wal-mart success (Roberts & Berg 2012, p.... An initial illustration of this is in the wal-mart case study....
4 Pages (1000 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us