Description
Case Study on Strategic Management Process
BOOK ; http://library.lol/main/97F28FC7B4DCC400E2340C2F3A...
APPENDIX 1: INDIVIDUAL CASE STUDY STRUCTURE
Introduction
State a summary of a case from within the Dyer textbook or applicable to a course conceapt. Then specify which one of the course concepts or theoretical frameworks you plan to use in your analysis: Business Strategy, Cost Advantage, etc.)
Analysis
This is where the case you are writing about will be detailed and analyzed. Focus on applying the theoretical framework or course concept. You do not need to explain the details of the framework; I assume you and I both know them.
Your analysis should be factual and research based supported by both theory and data or past studies.
Conclusion
You have freedom over what you want to say in the conclusion. Some of you may want to address how the problem can be fixed. Some of you may want to say things you could not quite fit the analysis. The conclusion may also include food for thought or your own judgment about the case. Regardless, it should be short. And it should have at least one research-based recommendation on how you would have handled this situation described in the case.
Explanation & Answer
View attached explanation and answer. Let me know if you have any questions.
Strategic Management Process of Walmart outline
i.
Introduction
Strategic management is one of the tools that determine the success or failure of a company. The
process helps identify the proper framework to introduce into a company to make it successful
(Dyer et al. 2020).
ii.
Analysis
The strategic process is like a guide for a company to reach its goals.
a) Company mission
The company's mission is to save people money so that they can live better lives (Ferguson,
2019).
b) Environmental scanning
Walmart has concentrated on gathering information on the internal and external factors that
would affect the business profit levels.
c) Strategy formulation
The low-cost strategy has been determined by the characteristics and environmental factors that
would affect Walmart's revenue (Ferguson, 2019).
d) Strategy implementation
Strategy implementation is a theoretical framework in the strategic management process where
strategies are implemented according to an organization's mission (Dyer et al., 2020).
e) Strategy evaluation
Walmart has dealt with the internal and external factors of strategic management and recorded
successful implementation of the low-cost strategy.
iii.
Conclusion
This paper explores the step by step of the strategic management process, narrowing it to a lowcost strategy as one of the strategies employed by Walmart for its successful operations (Kumari
& Tewari, 2018).
Running head: STRATEGIC MANAGEMENT PROCESS OF WALMART
Strategic Management Process of Walmart
Student’s name
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Date:
1
STRATEGIC MANAGEMENT PROCESS OF WALMART
2
Introduction
Strategic management is one of the tools that determine the success or failure of a
company. The process helps identify the proper framework to introduce i...
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