Strategic Management and Strategic Competitiveness



Strategic Management and Strategic Competitiveness

Introduction

It is the one of the most leading departmental stores in the United States. It offers quality products to its customers. It provides wide range of products like Electronic goods, Video Games, Cell Phones, Walmart Specials products, Camping solution and many more other services for its customers. The organization was found in the year 2000. The website of walmart.com is a branch or subsidiary of the stores of Wal-mart Inc. The organization's headquarters situated in the Peninsula of San Francisco, next to the Silicon Valley where they have the right to use of the Internet pool and explore the talent have expertise in the technical field. The vision and mission statement defines the goals and objectives of an organization.

According to Sam Walton (1918-1992) “The secret of success of the organization “Walmart” is the facilities it provides to its customers. A customer require a variety of quality products under one roof, the lowest prices as compare to the market, satisfaction and reliability of the product, service which is knowledgeable, less time consuming shopping experience, and free parking facility”

Discussion

Impact of Globalization and Technology

Globalization changes the way of operating an organization. It helps to enhance the productivity of an organization. In supply chain management, it uses different technologies like networking, RFID, and automation. Automation is the process in which all the machines working in a territory will work autonomously (Rese et.al, 2013). All the machines or the mechanism which is use to transport the product from one end to another use pre-programmed processor in which all the instructions are present. RFID technology is widely used in walmart because it provides error free transportation of products. This technology use RFID cards, which have the data of the product. The RFID tags are placed on the products and these tags contains the information about the product.

The RFID machine passes near the tag, it detects the information of the product and send the information to the network for further process. The internet working in an organization provides support to both the employees of walmart and their customers. The employees can get the data on their systems, within a second. The website of the organization walmart, provides information about each products present in the store, and this helps the customer to find the particular department of their interest.

Organization models

Industrial organization model consists of external environment, strategy formula, attractive industry, strategy implementation, and assets and skill of an organization. The organization has to know about the competition in the market and the general working environment of other organizations working in similar field. The attractiveness in an organization is about the possible resources from which walmart can get maximum revenue. The organization has to implement a strategy which posses' positive impact on the company and skills and assets require for making a strong strategy.

Resource based model involves capability, resources, strategy, attractive industry, and competitive advantage (Barbieri et.al, 2013). A resource consists of input provided by the ...