Thursday, July 25, 2019

Strategic Management and Leadership Assignment Example | Topics and Well Written Essays - 3500 words

Strategic Management and Leadership - Assignment Example Its main competitors include Kmart, Targets, and Canada’s The Real Canadian Superstore (Wal-Mart stores Inc. 2014). If we talk about the rationale for growth and the success of the Wall Mart stores then there are many of the indicators which show the real success story of the company. The Wall Mart managers took many of the decisions which are the real cause behind their success and the growing development. These strategies may include the reduction in the intermediaries in its supply chain the direct relationships with the customers can increase the likelihood of development and success. Another strategy is the use of modern technology in its operations and processes, therefore almost every single operation at Wall Mart is now computerized and technology based and thus we can say that this involvement of technology is actually meant for the reduction in costs and also for time saving (Hoskisson, 2014). According to the recent research studies, there are almost 245 million customers who regularly visit Wall Mart stores in nearly 27 countries globally. The annual sales for the last year were appro ximately 473 billion dollars. This number of sales is a sign of popularity and the successful operations of the Wall Mart. Wall Mart is covering at least 25 % market share of the target market as compare to the other competitive stores (Wall Mart Stores Inc. 2014). Conversely, all other operations of the company have been attributed to good management that has put it at the top. Understanding customer needs helps in developing organizational culture that enable organizations develop and maintain competitive advantage (Hoskisson, 2014). Thus, various aspects of management have been documented to contribute to the success of a company. One of the most important reasons behind the success of the Wall Mart is the efficient cost management which helps to support the large network of Wall Mart Stores. Business expansion strategy is another

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