Assignment 2 External and internal Environments

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Week 3 Assignment 1

Introduction

           Walmart is an American retail company that deals with the distribution of consumer-based products. It is the largest retail store companies in the world, making it enjoy a large market within the industry. It operates a broad set of hypermarkets in different places around the world. Today, it is one of the leading companies within the industrial domain that enjoys a significant market share. It operates as the world’s biggest company in terms of revenue, which it enjoys a total revenue of 514.405 billion. It is a crucial matter of concern that has benefits within the industry, which is highly beneficial within the country. It boasts a total of 2.2 million employees across the country. The company was enlisted to be part of the New York stock exchange back in the year 1972. The paper discusses the strategic competitiveness and management of the company. 

Globalization and Technology

           Globalization is an action that has positively played for the company. The process has enabled the company to expand in various markets across the globe. It is an activity that has proven to be fully active within the market. The practice has enabled the company to expand in other markets as the globalization process opens the market in a positive way. The method of integration allows the company to adopt marketing strategies that are fully effective in the expansion of the company within the competitive industry (Ramos, 2015). It is a critical factor that leads to the improvement of general company productivity, which is a key factor that facilitates the company to be fully active within the market. Through globalization, the company has accurately improved productivity, which is a key factor that has promoted to be fully productive within the market. 

           Technology is a key aspect that has enabled the company to be fully capable, which is a practical matter of concern that has facilitated the company to be fully active. The company is keen on the adoption of big data, which is an essential issue of care that promotes the company to be fully capable in terms of operations (Ramos, 2015). The management of big data, such as inventories, becomes easy for the company through big data. It is an initiative that the administration is keen on adopting based on the positive industrial impacts that the activity has in the interest of the company. The process is fully adequate as it facilitates the company to continue being dominant within the market. The increase in general revenue is a critical function that can be associated with the expansion of the company. 

Industrial organization model and the resource-based model

           The company is keen on adopting a model that facilitates the smooth operations and delegation of duty among employees, which is a measure that promotes the company to be fully competent within the market. The company applies a hierarchical organizational structure that has proven to be highly active within the market. The model that the company employs has two primary features that play a crucial role in ensuring that the models are fully capable (Heracleous, 2016). The hierarchical function entails the use of the vertical command lines that prove to be effective in the communication of the company. It facilitates the secure delegation of duty. The top management to middle management and junior management levels is a crucial matter of concern that is quite clear. On the other hand, function-based involves a set of employees performing specific duties. 

           The application of a resource-based model is part of the organizational measure that the company might put under consideration. The model focuses on the resources to be key to company performances. It is a critical practice that emphasizes that the company’s effectiveness could be improved using the model. The model is widely preferred based on the creation of competitive advantage (Heracleous, 2016). However, the hierarchical model that the company applies has enabled the company to retain productivity within the market, which is a crucial matter of concern that facilitates the company to remain productive within the market despite the competitive nature of the company positively. Ideally, the use of the traditional model is a critical factor of concern that needs to be appropriately addressed, which is a vital factor of interest in this case. 

Vision and Mission

           The vision and mission of the company is a key factor that pushes the company to increase its products within the competitive market. “Be the destination for customers to save money, no matter how they want to shop.” The vision of the company is focused on making the company a leading market player who is a key aspect that leads to the increased productivity of the company within the market (Abrahams, 2019). It echoes the underlying reasons that lead to the increase of the company desire and creating it a better position as a leading retailer within the market. the mission of the company is focused on the needs of the customer. “to save people money so they can live better.” The purpose reflects an apparent reason as to why the company has remained productive within the market in a positive way. 

Stakeholders Contribution

           The shareholders are the main stakeholders of the company that plays an essential role in terms of capital allocation, which is a key matter of concern. The activity involves the creation of a better skeptic that consists of the application of better frameworks that are focused on the nature of better operational skeptics. The customers are also the key stakeholders of the company, which is a crucial factor of concern that has positive implications (Ruecker, 2017). Today, the success of the company within the market is a crucial factor that is associated with the operational skeptics that involve the positive company relations that it enjoys with the market. The other set of stakeholders includes the employees, which is an elemental factor of concern that enables the company to be fully [productive in terms of operations.

Conclusion

           In summary, the paper discusses the strategic competitiveness and management of the company. Globalization is an action that has positively played for the company. The process has enabled the company to expand in various markets across the globe. It is an activity that has proven to be fully competent within the market. The application of a resource-based model is part of the organizational measure that the company might put under consideration. The model focuses on the resources to be key to company performances. The shareholders are the main stakeholders of the company that plays a vital role in terms of capital allocation, which is a crucial matter of concern. The activity involves the creation of a better skeptic that consists of the application of better frameworks that are focused on the nature of better operational skeptics. The vision and mission of the company is a critical factor that pushes the company to increase its products within the competitive market.

References

Ramos, C. C. R. (2015). Globalization and technology. Manila, Philippines: Rex Book Store.

Heracleous, L. T. (2016). Strategy and organization: Realizing strategic management. Cambridge: Cambridge University Press.

Abrahams, J. (2019). The mission statement book: 301 corporate mission statements from America's top companies. Berkeley, CA: Ten Speed Press.

Ruecker, J. (2017). Total Stakeholding: Leading stakeholder networks to sustainable success.