For this essay, use Wal-Mart for your analysis on how this company has implemented a corporate strategy or a future policy rollout. Consider how Wal-Mart has done a strategy development, and is in the...

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For this essay, use Wal-Mart for your analysis on how this company has implemented a corporate strategy or a future policy rollout. Consider how Wal-Mart has done a strategy development, and is in the implementation phase, or has been through the implementation phase. In your essay, address the following questions.






  • What are the stages of a corporation's life cycle? How can a corporation's life cycle be extended?








  • What is strategy implementation? What questions must strategy makers consider to begin the implementation process?









  • What are some of the approaches Wal-Mart can take to identify and prepare its people for important positions?








  • It is important to assess the strategy-culture compatibility when implementing a new strategy. Do you think that culture follows strategy, or does strategy follow culture? In your response, use the company to illustrate your points. Justify your answer.








  • What is Six Sigma? Why would a company want to implement it?






Your essay should be at least two pages in length, double-spaced, and in 12 pt. Times New Roman font. The title and reference pages do not count towards the minimum page length. To complete this assignment, a minimum of three reputable sources must be used, cited, and referenced. Use APA style guidelines.





Answered Same DayDec 26, 2021

Answer To: For this essay, use Wal-Mart for your analysis on how this company has implemented a corporate...

David answered on Dec 26 2021
128 Votes
Wal-Mart
MANAGEMENT
2017
Wal-Mart
Management
strategy
M A N A G E M E N T
This essay is based on Wal-Mart Company. It is discusse
d in essay how Wal-Mart Company
has implemented corporate strategy. The strategy development process of Wal-Mart and its
implementation phase has been briefly highlighted. The stages of corporate life cycle and its
extension process, strategy being implemented, approaches used by Wal-Mart for preparing
its people for important positions, accessing strategy compatibility with respect to its culture
and using of Six sigma being implemented has been described in this essay.
The corporate life cycle includes four stages known as Introduction, growth, maturity and
decline stage. In the introduction stage, Wal-Mart faced challenges to position its products in
the target market. The growth stage of Wal-Mart depicts that competitive advantage is being
created for boosting up sales by increasing the market expenditures. Wal-Mart is at maturity
stage at present because it is continuously improving its operational efficiency with strong
brand image and larger sales volume in market. There are many competitors of Wal-Mart
who are trying their best to position with new market strategies and move Wal-Mart business
to decline stage. Wal-Mart life cycle can be extended by maximizing profitability by making
adjustments in prices, promoting through advertisements; penetrating...
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