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Walmart Case Study Essay

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Wal-Mart, although one to the largest and most productive organizations in the world, faces many threats and challenges. Critics and groups everywhere are lining up to take shots at this global giant and destroy its image. Some of Wal-Mart’s current challenges can be seen in daily operations, its internal and external environment, product sourcing, healthcare, wages, communities, diversity, employee benefits, and social challenges. Though these challenges or weaknesses pose a very large threat to the organization, they also pose great opportunities to turn them into strengths. If these challenges are met correctly, Wal-Mart stands to gain a great amount of profit and respect among its critics.
Priorities for the 21st Century
In Lee …show more content…

The key component to strategy is to set the organizations objectives. Once objectives and the factors influencing their selection have been made, it is easy to determine the strategic decisions. The second step is evaluating the Internal and External Environment of the organization. In this step the organization can identify its own strengths and weaknesses as well as their competitions. The third step involves establishing goals. This is done to evaluate the contribution that might be made by different departments or products. The fourth step is strategic planning. This is where contributions are made by everyone in the organization and planning is done. The fifth step is performance analysis. This includes discovering and analyzing the range between the planned and desired performance of the organization. The sixth step is the choice of strategy to be pursued. The best course of action is chosen after the consideration of organizational goals, strengths, potential and limitations along with external opportunities. The seventh step is implementing the strategy and evaluating its effectiveness.
Environment
The list of priorities developed through strategic management began with improving the environment. Initially, Scott thought Wal-Mart was being very responsible to the environment. However, after talking with their critics continued and through the use of strategic management, he began to think of ways to improve on their

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