A.Create a business strategy in report format by doing the following:
1.Create an executive summary that includes the following points:
•the vision, mission, and value statement of the business
•the execution of a strategy
•the financial evaluation of the strategy
•a conclusion or summary of the business strategy
2.Discuss the vision, mission, and values statement completed in task 2, part A1.
3.Justify the analytical tools used in developing your strategy.
4.Include the detailed SWOT analysis from task 1.
5.Discuss your plan for maintaining competitive advantage.
6.Discuss the implications of competing in international markets.
7.Discuss a diversification strategy that should be considered in your business strategy.
8.Discussat least
oneethical consideration of your strategy.
9.Discuss your planned execution of the strategy.
10.Discuss how you would use ROI (return on investments) and cost-benefit analysis as part of your business strategy.
11.Create a conclusion for your business strategy.
SWOT analysis Strengths This part of the SWOT analysis highlights the strengths associated with Walmart. These competitive advantages assist the company in having success, and it also helps in eliminating the weaknesses. The major strengths of Walmart include: • It has global recognition • Its associated supply chain • High efficiency prevalent in its supply chain The global organizational size helps the organization provide the business with deep pockets that can help provide funds for expansion and growth. It also provides resilience to the business from different market risks, including supply chain disruptions. Advanced technologies play a major role in high the efficiency of Walmart's supply chain (Mahmud & Tamyez, 2020). It helps control and monitors the product movement from suppliers to its associated outlets. These strengths effectively provide strength to the business along with the competitive advantage, particularly against small retailers. Weaknesses The associated weaknesses of Walmart impose challenges over the firm's ability to withstand great. These weaknesses are linked with generic strategy and its implications directly, and it also impacts the resources, capabilities, profit margins, and development. Walmart utilizes the cost leadership generic strategy that leads to creating following weaknesses: • Narrow margins of profit • The business model can be easily imitated • Competitive disadvantage against sellers having high end Narrow margins of profit can be termed as typical effects imparted because of cost leadership strategy. This is because the selling prices of Walmart are getting minimized, and it is also vital to rely on the sales volume. Cost leadership strategy is easily imitable and can be considered as Walmart’s weak point. This is the reason for not having competitive differentiators apart from the two which are business size and prices (Nitzl & Chin, 2017). Also, the top retailers have the power of attracting quality-seeking buyers who have minor sensitivity against price. Hence the highlighted weaknesses effectively reflect the vulnerability of business against the innovative competitors and the disruptions within the industry environment, particularly in commercial firms such as Amazon. Opportunities The opportunity for Walmart is mainly regarding expansion; Walmart opportunities include: • Expansion in the developing countries • Improvisations in the practices of human resources to develop competitiveness towards the labor market • Improvisations regarding quality standards The international expansion opportunity for Walmart is based on its economic condition. Also, the HR opportunities are directly linked to the criticisms associated with employment practices. Improving these practices can effectively help in hiring high-quality workers. Enhanced hiring techniques will ultimately result in improving quality standards. These opportunities can be utilized to address the weaknesses of the company. Threats The retail market conditions possess threat for Walmart; the following are the associated threats: • Trends of a healthy lifestyle • Rigorous competition • Online retailers of different sizes The healthy lifestyle trend is a threat because the goods of Walmart are considered unhealthy. Also, there is aggressive competition in the market that is further enhanced by the presence of online retailers. These threats can be converted into opportunities via capitalizing on them. Walmart can adopt aggressive strategies of business to counter the competition. The SWOT analysis impacts the company's strategic decisions as it is based on the current strengths and weaknesses of the organization. This analysis reflects on things that Walmart must focus on to sustain itself in the international retail market. The company's weaknesses and business threats must be considered as secondary priorities, and the company must improve the HR management standards so that it can maintain quality standards which will eventually improve its performance (Richards et al., 2019). This analysis passes suggestions by which strategic changes can be implemented. Walmart can take assistance by this analysis for better decision making. They can work over the strengths and weaknesses to avoid the weaknesses and threats.