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Running head: WAMART PROJECT SUMMARY4

Wamart Project Summary

Tony Arista

Capella University

MBA6900

05/27/16

Wamart Project Summary

Introduction

The project in the discussion is a retail shop. The business started as a small retail shop but with time, the shop gave birth to other several stores. The growth came as a result of the different hunting seasons that saw the growth of customers hence business growth. The reasons for choosing this project is because of its outstanding characteristics that serve to market the project. One of the features is the application of modern technology that makes it easier to carry out business transactions. The other unique feature it’s the lowered prices. It’s tough to find a customer-friendly business, and so this feature gives it an upper hand in the market. Also, the products and services offered are of high quality giving the company a permanent place in the job market to dominate the market. The project has also gotten into the public, evidenced by the several branches being established. It makes it possible for the project to continue growing and opening more branches since it’s already in the hearts of the people. The project also enjoys huge discounts from its dominance in the market. The cuts will make it possible for the business to lower its prices to the customers; this will help it remain relevant in the job market (EE, 2007).

Company Background

The company was started in the United States of America in 1945 by Sam. The business witnessed growth and expansion of its services as a result of different hunting seasons. The growth came as a consequence of the establishment of a good customer relationship. Other branches were opened as a result. The business incorporated modern technology and started offering quality services to its customer that made it possible for expansion of the capital. The incorporation of quality services, technology, and good customer relationship makes the company enjoy a great market (Bosscher, 2013).

SWOT Analysis

One of the strengths the company has is its excellent market. It has established a good relationship with the customers such that the clients have become loyal. It does not struggle to fit in the market since it has established itself in the market. Another strength it enjoys is the provision of quality services at affordable prices. It makes it possible for the clients to remain loyal increasing its relevance in the job market. The other strength is the utilization of modern technology in the provision of services. It makes the company stay relevant in the market place. One of the weaknesses of the company is competition. Soon other similar companies will emerge that offer similar services, and utilize modern technology. It will make the market of the company unstable. The opportunities the company has its expansion of its services. There is room for the company to establish its branches worldwide. The business has the opportunity of utilizing modern technology and offer online services. It will expand its market. The threats that the company faces is out-phased in the market by other enterprises that provide services at the doorstep of the customers (Yue, 2013).

Recommendations

One of the recommendations is to ensure the business remains updated about the modern technology. Technology has been the primary tool used to stay dominant in the market. If the company continues upgrading, and updating its technology, it will continue to be dominant in the market place. The other recommendation is that the company should plan to embrace online business. It should expand its services such that they are available online since the social media has become a great hub for businesses (Bosscher, 2013).

Progress in the Project

The following progress was made in regards to the development of the project. The introduction and background information have been researched and written down. The justification of the project has been written down. The study objectives have been formulated and written down. The literature on the various related sources has been researched and put into writing. The methods of data collection have been established. The sample size and the population have also been selected. The research assistants have been approached and trained on what is expected of them. Currently, the data is being collected (EE, 2007).

Weekly Project Plan

Week one: writing of the proposal

Week two: Pilot study and training of research assistants

Week three: Data collection

Week four: Data analysis

Week Five: Report writing

Week Six: Preparation of the Presentation

Conclusions

In conclusion, this project was while choosing. It gives the real picture of how business grows in the corporate world. The project serves to inspire those starting businesses to think smart and not to abandon when the market seems crowded. It also helps to show that a lot of patience is needed when one is aspiring to make it in the business world since things don’t happen by chance. The project is very relevant to our world today since many people are starting businesses, and giving up on the way. It also serves to demonstrate the importance of technology in the corporate market. It communicates the importance of good customer relationship.

References

Bosscher, A. V. (2013). Project Proposal and Feasibility Study Team. Iron Man.

EE, A. .. (2007). Project Proposal and Feasibility Study.

Yue, L. Q. (2013). Information Spillovers from Protests against Corporations: A Tale of Walmart and Target. Administratve Science Quarterly, 58 (4), 669-701.

References

Catlett, C. (2013). Cloud Computing and Big Data. Amsterdam: IOS Press.

Marks, E. &. (2010). Executive's Guide to Cloud Computing. Hoboken: N.J. Wiley.

Rountree, D. &. (2013). The Basics of Cloud Computing. Burlington: Elsevier Science.l