In: Operations Management
Bus 499 W 10 Ass#3
In 2-3 pages
Analyze the business-level strategies for Walmart to determine the business-level strategy you think is most important to the long-term success of the firm and whether or not you judge this to be a good choice. Justify your opinion.
Analyze the corporate-level strategies for Walmart to determine the corporate-level strategy you think is most important to the long-term success of the firm and whether or not you judge this to be a good choice. Justify your opinion.
Business level strategies for Walmart :
a. Low Cost Leadership : As walmart is known for providing a lower costs on variety of products available for customers, which is necessary for the long term success as it creates a loyal customer base and increases sales as compared to competitors in the market.
b. Differentiation : This strategy is necessary for sustaining the business in the market as customers nowadays various choices to choose from, here applying a differentiation strategy can help to attract more number of customers.
Corporate level strategies for Walmart :
a. Non discrimination : In the hiring process discrimination of the candidates must not exist, hiring child labors to earn the cost competitiveness must be avoided, and Walmart must focus on staying integrated with the values of the company.
b. Quality : The quality of the products must be maintained, though they provide products at low cost, it should not compromise on the quality provided as it can impact the future sales opportunities for the Walmart.