WAL-MART AND ITS STRATEGIC PLANNING

Wal-Mart and Its Strategic Planning

Wal-Mart and Its Strategic Planning

The pace of change in organizations is accelerating. Consequently, high-performing organizations like Wal-Mart or units within them attempt to engage in planning, designing, and managing their own desired future rather than simply reacting and responding to changes imposed on them by the environment. Strategic planning at Wal-Mart is believed to be an important aspect of organizational health, and processes outlined to complete this task are thought to be unifying for the organization (French, Bell & Zawacki, 2004).

Strategic business planning at Wal-Mart entails setting policies and procedures (and budgeting for ...