Editing my management paper, assignment help

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Business Finance

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I need to name each paragraph according to the bulletpoints please

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I went through and fixed some grammar and spelling issues. I added subtitles (LEVEL 1 Headers, APA) based on the rubric you provided. Please let me know if you would like me to do anything else!

Week Two

1

Week 2
NEL
MGT 521
December 19, 2016

Week Two

2

Sam Walton opened up the first Wal-Mart in Arkansas in 1962. His mission
statement and slogan was “We save people money so they can live better.” Walton
took his mission statement seriously. Every aspect of Wal-Mart’s business is designed
to lower overhead to help customers save money so they can live a better life. WalMart’s values are to show respect to all individuals, provide excellent service to
customers, and continually strive for excellence (Wal-Mart, 2013). These values
guided the company in their decision-making process with customers, employees, and
vendors.
Mission, Vision, and Values
To ensure Wal-Mart’s vision, value, mission, and strategies align with the
strategic plan, the management team developed unique policies to ensure managers
are available to all employees. A strategic plan is intended to assist an organization in
determining the direction of a company’s future. An external environmental analysis
of Wal-Mart is conducted to identify trends and possible changes from outside the
company, which may bring a significant impact in terms of opportunities, threats, and
implications to the company. Many sources will be used to conduct an external
environmental analysis of Wal-Mart. The main source is using Marketing Research
Trends LLC to detect future trends in consumer demand and preference. This
company will also provide updated activities, plans from competitors such as, Target
and K-Mart. Another source is the Business Monitor International services to receive
first-hand government related activities such as, political stability, nation’s policy, and
new or altered regulations, which directly impact the business (Chun, 2011).
Meanwhile, the sources will be used to conduct Wal-Mart’s internal environmental
analysis are the company’s personnel policies, SOPs, company code of conduct, and

Week Two

3

product portfolio. In addition, audit results and historical financial reports will be used
as well.
Strategic Plan
After the conduction of the analyses, the strategies, vision, mission, and values
are developed; however, it is important to ensure they align with the strategic plan. To
achieve this, the stakeholders in the company must first be involved during the set-up
process. This would consequently lead to a mutual or shared understanding related to
the terms covered in the strategic plan, along with the agreements and outcomes of the
strategic planning process. Furthermore, the plans should also be translated to
detailed, feasible, smaller units, so that it could be carried out efficiently. In the
context of Wal-Mart, stakeholders from representative branches may be involved in
the construction of the plan so that it would represent the best interest of wider scope
of the company and not only the head office. In addition, th...


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