Current Research Summary and Annotated Bibliography

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your current research summary and annotated bibliography. resources will be used for Walmart.


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Running head: PROJECT PROPOSAL INT 700 Project Proposal 1 PROJECT PROPOSAL 2 Corporate overview Walmart Stores Inc. is a multination corporation and the industry leader in the retail industry. The company was established in 1962 in the United States by Sam Walton (Bonanno, & Goetz, 2012). Walmart Stores Inc. was incorporated in 1967 to become a publicly traded company. From 1 store in 1962 and 3 stores in 1964, the company has grown tremendously to surpass the 11,700 stores mark to date (LeCavalier, 2016). Currently, Walmart Stores Inc. operates in more than 40 countries worldwide with some of its latest expansion involving opening of its stores in Asia and China. The company is also one of the industry leaders in human resource employment with over 2.3 million employees spread all over its stores. Low prices and human resource are some of its key core competencies. Walmart Stores Inc. stocks are listed in the New York Stock Exchange (NYSE). Financial performance overview Walmart Stores Inc. has a healthy financial position. This is largely contributed by its high sales volumes and sales revenue. In a normal day, this leading retailer serves over 38.5 million customers across all its 11,700 stores globally. In the financial year 2018, Walmart Stores Inc. made a total revenue amounting to $500.3 billion. This was an improvement from the fiscal year 2017 when it made a total revenue of $487 billion. Since 2013, Walmart Stores Inc. Have being registering a continuous revenue growth at an average rate of 1.34% per annum (Statista 2018). Walmart Stores Inc. earned a $9.86 billion net income. The company has been recording decline in net income over the last 5 years. Most of Walmart Stores Inc. profitability ratios indicated that the company performed poorly in fiscal years 2017 and 2018. These ratios include gross profit margin, operating profit margin, net profit margin and return on investment. As such, Walmart’s stock is still strong but have been performing poorly. PROJECT PROPOSAL 3 Business segments Walmart operates several business divisions. All of these divisions perform well and contribute to be high annual revenues. The company operates Discount Stores in all the US states, Supercenters in 45 states as well as Neighborhood Markets in 12 states. Thus its business operation are classified into three business segments which include Wal-Mart Stores that generates the highest revenue at 61.98 % of its total Revenue, the Sams Club segment that contributes the least revenue at 12.35 % of its total Revenue as well as Walmart International segment that contributes the second high revenue at 25.67% of its total revenue (CSIMarket 2018) Subsidiary/parent-child structure Walmart has 12 subsidiaries most of which are located in the US while two are located in Mexico and England. The table below describes top Walmart subsidiaries and their percentage of equity owned are indicated in the table below. Subsidiary Wal-Mart Stores East, Inc. Sam's West, Inc. McLane Company, Inc., and its subsidiaries Wal-Mart de Mexico, S.A. de C.V. ASDA Group Limited Organized Or Incorporated Percent of Equity Securities Owned Delaware, U. S. 100% Delaware, U. S. Texas, U. S. 100% 100% Mexico 61% England 100% Name Under Which Doing Business Other Than Subsidiary's Wal-Mart Sam's Club Wal-Mart ASDA PROJECT PROPOSAL 4 Geographic segmentation Walmart Stores Inc. operates in many different areas globally. Through geographical segmentation, Walmart divides customers with regard to their location. This helps in determining the location of their retail stores as well as in knowing what to stock based on customer needs from different regions. The United State market segment contributes most of Walmart’s revenues. Recent strategic initiatives/stated strategic objective Walmart has recently adopted three strategic initiatives aimed at helping it sustain its industry leadership. The three strategic initiatives are aimed at improving customer benefits. They include Save Money, Live Better, second is Win, Play, and Show while the third one Fast, Friendly, Clean (Murray 2018). Through these strategies, Walmart is seeking aiming to retain its consumers by ensuring they are happy. It also seeks to secure return purchases. Important negative events or challenges Walmart Stores Inc. experience a number of challenges that affect its profitability. One of them is sales lag its online sales. The second is growth in competition while third is the continuous decline in its share value and decline in profitability. Domestic/foreign industry summary Walmart Stores Inc. operates in the larger retail industry. This the biggest industry both in the United States and the world at large. It is also one of the fastest growing industries globally. The industry is valued at $24.9 trillion in 2018 (E-Marketer Chart 2017). Walmart industry NAICS is 44-45 for stores and non-store traders while it’s SIC code is 52-59 for retail trade. PROJECT PROPOSAL 5 Ccompetitor’s overview The main Walmart Stores Inc. competitors locally are the Target and Home Depot. These two are store retailers largely based in the US. They deal in similar products at Walmart. They compete with Walmart in terms of prices and coverage. International competitors include Alibaba and IKEA. Alibaba is one of the fastest growing online retailers from China while IKEA is a Swedish multination retailer operating in over 50 countries (Bhasin 2018). Why Interest in Walmart Stores Inc. Walmart Stores Inc. is a company of interest because is strategically align with the purpose and objectives of these paper. The company is on top of the industry and many competitors are working hard to outdo it. On the other hand, it works very hard to stay on top of the industry by adopting strategies aimed at sustaining its competitive advantage. This provides a good basis for carryout strategy analysis. PROJECT PROPOSAL 6 References Bonanno, A., & Goetz, S. J. (2012). Walmart and local economic development: A survey. Economic Development Quarterly, 26(4), 285-297. CSIMarket (2018). Walmart Inc. Retail industry, department and discount Retail. Retrieved from https://csimarket.com/stocks/segments.php?code=WMT E-Marketer Chart (2017). Total Retail Sales Worldwide, 2015-2020. Retrieved from https://www.emarketer.com/Chart/Total-Retail-Sales-Worldwide-2015-2020-trillionschange/194243 Hitesh Bhasin (2018). Top Walmart Competitors. Retrieved from https://www.marketing91.com/walmart-competitors/ LeCavalier, J. (2016). The Rule of Logistics: Walmart and the Architecture of Fulfillment. University of Minnesota Press. Martin Murray (2018). What are Walmart's 3 Strategic Initiatives? Retrieved from https://www.thebalancesmb.com/wal-mart-s-strategic-initiatives-2221112 Statista (2018). Total revenue of Walmart worldwide from 2012 to 2018 (in billion U.S. dollars). Retrieved from https://www.statista.com/statistics/555334/total-revenue-of-walmartworldwide/ INT 700 Final Project Milestone Two: Annotated Bibliography Guidelines and Rubric Guidelines Your final project entails developing a full strategic analysis on a publicly held multinational enterprise (MNE). For Milestone Two, you will submit your current research summary and annotated bibliography. This Milestone is due in Module Four. Current Research Summary Your summary should be 2–3 paragraphs in length detailing the research involved to date. This portion of the milestone is submitted for feedback only. Annotated Bibliography Annotated bibliographies provide you with the opportunity to cite, summarize, and compare and contrast resources you will use in a paper. You will cite each resource in APA style, write an approximately 150-word description that summarizes the central theme and scope of the resource, and compare and contrast it with other resources. For more information on annotated bibliographies, consult the SNHU Writing Center’s annotated bibliography guide. Depending on the assignment, the annotated bibliography may serve a number of purposes, including but not limited to reviewing the literature on a particular subject; illustrating the quality of research you have done; providing examples of the types of resources available; describing other items on a topic that may be of interest to the reader; and/or exploring the subject for further research. Your purpose here is to prepare to complete a final research paper on developmental psychology by locating a minimum of three to five current research articles (from the past three years) that you might potentially include in your final paper; these articles should relate to either Piaget’s theory and/or Vygotsky’s theory. The articles should provide sufficient information for you to compare and contrast the two theories. (Source: http://lib.skidmore.edu/library/index.php/writing-an-annotated-bibliography) Sample Annotated Bibliography of a Journal Article The following example is what your final product for each resource should look like. This example (for the psychological research article A Bad Taste in the Mouth: Gustatory Disgust Influences Moral Judgment) employs APA style for the journal citation. The writer of this annotation follows the above points to create an annotation that summarizes the article’s main points and draws connections between that resource and other resources: Eskine, K. J., Kacinik, N. A., & Prinz, J. J. (2011). A bad taste in the mouth: Gustatory disgust influences moral judgment. Psychological Science, 22(3), 295–299. Annotation: In this article, Eskine and colleagues describe the results of an experiment that examined whether the taste in a person’s mouth influences the moral judgments that the person makes. The authors, who are researchers at the City University of New York, hypothesized that there would be a relationship between these two variables because prior research has shown that there are strong links between basic emotions and moral judgments. Indeed, the authors found that participants given a bitter drink made harsher moral judgments than those given a non-bitter drink. This article is extremely useful for my paper because it provides evidence that seemingly unimportant sensory information can influence moral judgments. Also, it nicely complements the work of Chapman et al. (2009), who found that emotional disgust and morality utilize similar brain regions. One limitation, though, is that all of the participants in the study were college students. They may have responded differently to the moral situations than older or younger participants. Abstract from author: Can sweet-tasting substances trigger kind, favorable judgments about other people? What about substances that are disgusting and bitter? Various studies have linked physical disgust to moral disgust, but despite the rich and sometimes striking findings these studies have yielded, no research has explored morality in conjunction with taste, which can vary greatly and may differentially affect cognition. The research reported here tested the effects of taste perception on moral judgments. After consuming a sweet beverage, a bitter beverage, or water, participants rated a variety of moral transgressions. Results showed that taste perception significantly affected moral judgments, such that physical disgust (induced via a bitter taste) elicited feelings of moral disgust. Further, this effect was more pronounced in participants with politically conservative views than in participants with politically liberal views. Taken together, these differential findings suggest that embodied gustatory experiences may affect moral processing more than previously thought. Consider these highly relevant resource options as applicable: Primary Resources • Corporate o Current annual and quarterly reports to the current date o Corporate investor website o Transcripts of quarterly investor conference calls • SNHU Library Research Guide Databases o MarketLine Advantage: PESTLE country/region surveys, market and corporate analysis o OneSource: Corporate analysis and industry surveys o S&P Net Advantage: industry surveys o Valueline Resource Center: U.S. corporate analysis • Cultural and Institution Data o The Hofstede Centre: Cultural dimensions o Ease of Doing Business Index o Transparency International: Corruption Perceptions Index • Country Economic Data o The Economist Intelligence Unit (also political, demographic, risk, and more) o World Trade Organization (WTO) o World Bank (WB) o CIA World Factbook o The Heritage Foundation: Index of Economic Freedom • World Stock Exchange Listings o Available at the World Federation of Exchanges (www.world-exchanges.org) Secondary Resources • Contemporary events, opinion, and analysis o Financial Times, WSJ, Reuters, Bloomberg o Industry associations Note: Wikipedia, eHow, Investopedia, and similar websites are not acceptable professional or academic resources. They may, however, point your research in valuable directions. Format The annotated bibliography should use 1.5 line spacing, 12-point Times New Roman font, one-inch margins, and Works Cited in APA format. Rubric Critical Elements Exemplary (100%) Proficient (90%) Needs Improvement (70%) Not Evident (0%) Value Evaluates at least Evaluates at least 10 Evaluates some Does not evaluate seven primary and primary and secondary primary and secondary primary and secondary secondary resources resources relevant for a resources relevant for Information resources relevant for a relevant for a full strategic analysis on a a strategic analysis on 20 Literacy and full strategic analysis strategic analysis on a Research on a publicly held publicly held a publicly held publicly held multinational multinational multinational multinational enterprise (MNE) enterprise (MNE) enterprise (MNE) enterprise (MNE) Annotation describes Annotation Annotation describes Does not describe the the author’s viewpoint incompletely describes the author’s viewpoint author’s viewpoint and and authority and the author’s viewpoint and authority and authority and/or accurately and and authority and summarizes some of inadequately 30 Annotation succinctly summarizes partially summarizes the critical summarizes the the critical information the information information provided information provided provided by each provided by each by each resource by each resource resource resource Annotation clearly Annotation describes Annotation describes Does not describe the describes the rationale the rationale for the the rationale for the rationale for the for the inclusion of inclusion of each inclusion of each inclusion of each each resource and resource and indicates resource and provides resource and/or does indicates how it will be how it will be used to some indication on not indicate how it will used to inform the inform the strategic how it will be used to be used to inform the Critical 30 Analysis strategic analysis on analysis on the inform the strategic strategic analysis on the publicly held MNE. publicly held MNE. analysis on the publicly the publicly held MNE. Totality of resources is Totality of resources is held MNE. Totality of Totality of resources is more than sufficient sufficient for a full resources is insufficient insufficient for a for a full strategic strategic analysis of for a full strategic strategic analysis of a analysis of the MNE the MNE analysis of the MNE MNE Minor errors related Major errors related to No errors related to Some errors related to Writing to organization, organization, organization, grammar 20 (Mechanics/ organization, grammar grammar, and style, grammar, style, and Citations) and style, and citations and style, and citations and citations citations Total 100% INT 700: Final Project Guidelines and Rubric Overview The final project for this course is the creation of a global strategic analysis that provides a strategic plan for the internationalization of a firm. The final project for this course requires students to select an international publicly held company and complete a strategic analysis of that company in a variety of areas pertaining to global strategic management. The scenario: You have been hired as a consultant at the company you have been researching. This final report is an in-depth look at the corporate management based on your detailed research completed throughout the semester. This paper is designed as a full report with recommendations that the executive team will use to enhance the existing strategic management. The final product represents an authentic demonstration of competency because the analysis represents the pragmatic application of concepts and tools used in formation of corporate-level global strategic planning. The project is divided into four milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in Modules Two, Four, Eight, and Ten. Main Elements Your analysis should include, at a minimum, the following eight components: 1. MNE Overview and Key Strategic Background 1. 1.1. Characterize the chosen firm (e.g., firm’s scale, strategic business units, scope of products and markets, diversification type, current financial and strategic performance trends (5-year max) with a brief comparison to industry trends, market shares, etc.) 2. 1.2. Describe the current international operations of the firm (e.g., geographic distribution of operations and their contributions to firm performance) 3. 1.3. What are the recent strategic initiatives (and their motivations) of the firm? 4. 1.4. Briefly analyze the MNE’s domestic and international rivals (a representative top challenger for each is fine) 2. Strategy Tripod Part One: Industry Conditions (Opportunities and Threats) 1. 2.1. What are the top five foreign markets for the MNE’s industry? 2. 2.2. Compare and contrast the five forces affecting the MNE’s industry. Note critical factors to each and critical differences in the MNE’s domestic and foreign markets. 3. 2.3. Which functions in the industry value chain are key to competitiveness for your MNE? How well do they address the industry’s key success factors and key drivers of change? 4. 2.4. Assess the strategic fit of the MNE’s generic competitive strategy with industry conditions. 3. Strategy Tripod Part Two: Internal Resources and Capabilities (Strengths and Weaknesses) 1. 3.1. Analyze the value, rarity, imitability, and organizational (VRIO) aspects of the firm’s core resources and capabilities within its value chain functions. Do any competencies reach the “core” or “distinctive” level over rivals? 2. 3.2. How well do these capabilities and resources support the MNE’s generic strategy choice? 3. 3.3. What resources and capabilities should the firm augment or develop to improve its future global competitiveness? 4. 3.4. Should the firm acquire, outsource, or build these resources internally? 4. Strategy Tripod Part Three: Institutional and Cultural Conditions 1. 4.1. How are formal and informal institutions setting the “rules of the game” for the MNE’s direct and indirect international operations? 2. 4.2. Using Hofstede’s five dimensions of national culture, how will the MNE’s domestic cultural norms compare to those of its foreign partners or subsidiaries? 3. 4.3. Which is currently a greater concern—cultural or institutional distance? 4. 4.4. What are your recommendations for the firm’s future IBS to leverage its exposure to these various “rules of the game”? 5. Entrepreneurship and Internationalizing the Firm 5.1. How effectively has the firm managed the five “entrepreneurial strategies” in its growth? 5.2. Are there institutional or industry-based conditions affecting entrepreneurship opportunities? 6. Internationalization: Where, When, Why, and How 1. 6.1. From the institution-ba ...
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