STRATGEY

Strategy

Abstract

The strategy management has significant impact upon the overall success and growth of the organizations. The organizations that manage the strategic challenges with great efficiency and effectiveness tend to manage with the challenges that are emerged within the industries in which such organization operate. This paper has discussed the strategic management system of the Wal-Mart that is operating in the retail industry since many years. The critical analysis of the Wal-Mart has shown that the organization uses its effective and distinctive strategies in order to meet the challenges that are imposed by the industry upon the organization.

Introduction3

Introduction to Wal-Mart4

Discussion5

Strengths of Wal-Mart8

Weaknesses of Wal-Mart9

Opportunities to Wal-Mart10

Threats to Wal-Mart10

Conclusion12

Recommendation13

References14

Strategy

Introduction

In today's fast pace of competition, the significance of management aspects has increased to great extent. With the enhancement in the globalization aspect, the competition has also increased around the world. The rising new organizations and organizations give strong challenges and competitive state of affairs to the existing organizations. In order to hold on to the competitive position and to uphold the position in the market, the organizations are required to build up the strategic approaches as well as strategies. The well organized and effective strategic approaches help out the organizations to carry out the business procedures in an effectual manner that supplementary provides the organizations with eventual success, growth, profitability as well as competitive position in the market (Baden, E., 2012, pp. 112).

The strategic management of the business operations of the organizations has considerable significance as this has direct and indirect effect upon the productivity and the success of the organizations. The strategic management depends upon the ranging sizes of the organizations. It also depends upon the varieties of industries in which the organizations carry out their business operations (Johnson, S., 2009, pp. 954). The organizations build up their business strategic management approaches according to the nature and structure of business as well as according to the changing external environment in which the organizations function. It is very necessary to recognize the end results of strategic management. The success or the failure if the organizations depend upon the way the organization administers its business operation (David, J. W., 2012, pp. 96). Therefore, the business organizations are obligatory to build up and effective strategic management system so that they can administer their business operations in an appropriate manner and can achieve the heights of success. The strategic management has major impact upon the management and the business processes of the organizations. In strategic management processes, there are various essential steps that are required to be taken by the managers and leaders of the organizations. It provides the structure and the basis to the managers upon which they can carry out their business activities and provide the organizations with the ultimate success and growth. The managers and the leaders are required to carry out each step effectively so that they can achieve their preferred goals and objectives that can have ultimate impact upon the success, growth and profitability of the ...