Unit 5 part 3 phyllis young only
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unit_3_part_2.docxWalmart business proposal
Walmart business proposal 5
Walmart business proposal
Name
Institution
Date
Walmart
The present day Walmart can trace its history from Sam Walton. Sam had a core goal establishing a great valued and most welcoming customer services. When it was being established, there was a belief that true leadership depends on the willingness the leaders to provide great services to the community. The company have been on operation for 50 years now, since its establishment. Much of the company’s history is tied to the founder of the Walmart Company. Much of the company’s goals are still linked to Walton’s ideas.
The company started in 1945 as a retail shop. Sam started it out of the shallow experience he had in retail. In 1950, Walton moved to Bentonville, where he opened 5and 10 shops on the down squire. He took the advantage different hunting season to attain more customers and to ensure that his business grew. With the inspiration he got from his dime stores and driven by the feeling to grow and get greater opportunities and value to customers, he open the Walmart in the 1962 at the age of 44 years. The store were majorly located in Rogers and Arkansas.
According to Walton’s idea that a business can only attain its market niche by offering product at lower prices failed and he started looking for other techniques to be enable his business be competitive in the market. In 1970, the business went to public and he started receiving funds from the public the company then started expanding and attracted more and more customers and that fact opens ways to get more associates. Walton only dreamt of giving customer high quality and best experience in shopping. He believed in the idea of keeping customers coming. He later established great relationship with his associates and by doing so and establishing partnership with the associates made Walmart to rise to where it is at the moment.
As the stores grew and gained fame, Walton worked with much vigor and introduced new approaches and technology a fact that brought a new experience in the retail industry (Yue, Rao, & Ingram, m2013). The lower prices that Walmart offered to the customers made it gain more customers when it was established in the US. The business gained an award in 1972 since the CEO upheld great commitment to give the citizen quality services at affordable prices.
The project is a worthy project to implement. Its unique features, such the use of up to date technology and the lower prices makes it the most outstanding business to start. It is viable since most of the operation is meant to give quality services at affordable prices. It is lower prices and quality can give it an advantage to occupy a permanent niche in the market. A business with customers in the market never fails to establish and continue. Another fact that make the project viable is its ability to get to public. Once a company goes public, the company will get established since capital will no longer become an issue.
If a company has enough capital, it will enjoy many pilferages in the market, first, a company with enough capital is able to give its customers products at lower prices than the than one that has limited capital. The prices can be lowered since by having enough capital the company will be able to enjoy the economies of scale out of the products it will be ordering from the manufacturers. The huge discounts that the company will be enjoying out of the balk goods it will be ordering will make it possible for the company to offers goods and services at cheaper prices a fact that will make many customers prefer shopping from it.
Analysis of the outcome
Walmart project has a greatest ability to grow. The ability of the project to get funded from the public and its ability to offer the customers great value and affordable prices gives it an advantage to occupy the greatest market niche. The abilities given above give the project a competitive advantage in the market. A company with higher competitive advantage in the market gives the project managers an assurance that the intended project is viable and worthy to be started. About the ability to attain capital from the public gives the it an advantage to get more capital for the purpose of expansion and to increase the ordering ability a fact that will make the company start enjoying benefits out of the economies of scale a fact that will make the company operate at lower prices as compared to the other companies that offers the same goods and services (MARKET, & PEORIA, 2013). If the above aspects will be put in place, then the company will be worthy to be established and it will provide an assurance that it will be strong in the market.
Sources of data
For the project to start and be established, there exist need to establish collection of data in order to determine whether the intended project is worthy to be established in a given business environment. A number of data collection techniques should be used in the process of environmental scanning. Some of the techniques will be, questioners, a group that will be send out to research on the market niche that exist should use questioners to interview the people of the place the business should be established. Another technique of data collection will be the physical observation where the researching team while move around the environment that the business should be established and analysis what is being offered and what is not offered (EE, EE, & Bultema, 2007). The face to face interviews is another technique that should be used in the analysis process. The data collected should be analyzed and the result of the analysis should be used to determine whether the business is worthy to start or not.
Timeline
For effective implementation, the project will be broken down into stages. The first stage will be the preliminary stage which involves the collection of all necessary materials for decision making and idea implementation. The second stage will be collection of data, this stage will use a number of data collection techniques to obtain the data need for decision making process. The collection of business material and conducting business research will be the last stage for the business to be established and operate normally in the given business environment
References
Yue, L. Q., Rao, H., & Ingram, P. (2013). Information Spillovers from Protests against Corporations A Tale of Walmart and Target. Administrative Science Quarterly, 58(4), 669-701.
EE, A. S., EE, C. M., & Bultema, B. (2007). PROJECT PROPOSAL AND FEASIBILITY STUDY.
MARKET, W. N., & PEORIA, A. (2013). Geotechnical and Environmental Sciences Consultants 3202 East Harbour Drive Phoenix, Arizona 85034.
