Business Policy Project-Based Organizing And Strategic Management

Question: Describe about the Essay on Business Policy for Project-Based Organizing And Strategic Management? Answer: This study deals with company named Wal-Mart and elaborating on its competitive advantage in current market scenario. Strategic options are mentioned with proper justification in the study. This will bring detailed investigation on the growth strategy of Wal-Mart in the near future. Critical Competitive advantage of Wal-Mart Wal-Mart is one of the largest retail companies in and around the world. This particular company offers low prices products with high quality to the potential customers. Wal-Mart achieves success in the American Retail Markets. There are several factors namely: Tangible resources mainly include financial tangible resources in the physical tangible resources in an overall manner (Cattani, 2011). Financial Resources mainly contributes cost of goods sold for $192 billion. Physical tangible resources mainly operate in 4600 stores. This particular company concentrates in rural areas as well as small towns. Technology includes private satellite network for Wal-Mart. It mainly creates communication with suppliers. Electronic Data Interchange helps in communicating with the suppliers. Human Resources mainly concentrate organizational structure in Place and hiring senior managers in other areas. Transferability includes transfer to the Chinese markets by Wal-Mart. Wal-Mart maintains competitive advantage for external threats for meeting the needs of the customers in an overall manner (David, 2011). This particular company enhances International expansion and supporting social responsibility in buying products in the most appropriate way. How did Wal-Mart develop its advantages? Wal-Mart develops its advantages in retrieving for costs in case of profit margin by the manufacturers. This particular company ensures advantageous position in the retail sector. It includes development of hub as well as spoke distribution network. It involves low cost and increase in the delivery schedule. Wal-Mart involves good Human Resource Management as well as committed employees (Frynas Mellahi, 2011). Distribution channels of Wal-mart allows low-pricing structure and entering into new market. It mainly develops unique resources in the EDI system. It mainly focuses on the improved communication with suppliers as well as distribution centres. Wal-Mart enhances in improved inventory control in an overall manner. Wal-Mart involves in differentiated competition. It mainly launches and offers groceries for best shopping environment in an overall manner. It mainly creates strong brand name as well as good reputation in the retail industry in and around the world. It mainly concentrates on low prices as well as development of loyalty among customers for future growth perspectives in an overall manner (Henry, 2011). Customer Loyalty helps in increased development in case of reputation and helps in reduced price elasticity of demand in the most appropriate way. Sustainable advantage of Wal-Mart Wal-Mart ensures largest corporation and posses enormous status as well as reputation in the retail industry. It involves great at building as well as maintaining cordial relationship with the suppliers and stakeholders for the same. This particular business organization believes in continuous learning process with the help of integrated systems (Hitt, Ireland Hoskisson, 2011). It requires frequent meetings with store and conversation with managers. Wal-mart access over 70 million customers in and around the world. In case of distribution channels are concerned, it helps in logistics capabilities and adding with the entire system in an overall manner (Henry, 2011). Cross-docking as well as effective inventory management gives access with 3% cost advantage in an effective way. Assessment of Wal-Mart Competitors and ability to mitigate advantages Wal-Mart should face their competitors and involve in innovative strategy for mitigating the risk as far as possible. This particular retail organization should witness growing middle class of consumers in emerging markets like India and China (Cattani, 2011). This company should focus on global expansion and consolidation with the other related weak economy for the same. It needs to capture presence of new business channel for smooth functioning of business enterprise. Strategic Options of Wal-Mart Wal-Mart should plan for focussing on potential strategic options for better generation of revenue in the near future. This particular retail organization should plan on store investments as well as spend more on the E-commerce for enhancement of sales in an overall manner (David, 2011). They should plan for investing more money in the online business. It should plan for make changes in the store for attracting the potential customers and acquisition of new customers. To what extent do these options exploit Wal-Mart competitive advantages? Wal-Mart should implemment the above strategic options for gaining global presence and brand recognition in the near future. It will help in improving in the customer experience. Addition to that, Wal-mart can beat competitors easily on price terms (Frynas Mellahi, 2011). Finally, it will expand the product assortment in an overall manner. From the above analysis, it is easy to gather relevant information on growth strategy of Wal-Mart. This particular retail organization secures top-most position and finding ways for retaining in the global market. This study clearly defines the strategic competitive advantage as well as strategic options for the same. Reference List Cattani, G. (2011).Project-Based Organizing And Strategic Management. Bingley, U.K.: Emerald. David, F. (2011).Strategic management. Upper Saddle River, N.J.: Prentice Hall. Frynas, J., Mellahi, K. (2011).Global strategic management. Oxford: Oxford University Press. Henry, A. (2011).Understanding strategic management. Oxford: Oxford University Press. Hitt, M., Ireland, R., Hoskisson, R. (2011).Strategic management. Mason, Ohio: South-Western Cengage Learning. Murphy, P., Murphy, A. (2012).Strategic management for tourism communities. Clevedon: Channel View Publications.