Abstract
Wal-Mart is one of the leading supermarket chain stores in the North-American region. The company is the market leader in the industry and is known for applying strategic management in dealing with the issue of competition. Currently, the firm is ahead of others in terms of profits because it applies the latest technology in marketing and selling of its products. In this article, the mission statements, objectives, and values of the supermarket store are analysed. The paper further looks at the financial position of the company with the aim of suggesting some of the best strategic management practices.
Vision and Mission Objectives and Values
Financial Condition
Wal-Mart Stores Inc., Consolidated Income Statement, USD $ in millions
Wal-Mart Stores Inc., short-term (operating) activity ratios
An evaluation of the company income statement shows that it has always generated profits, which is attributed to various factors, one of them being undertaking the best strategy in marketing and sales. Most of the revenues are generated through the sale of products, the offering of services, issuance of insurance premiums, as well as other activities. The net sales of the company went up from the year 2012 to 2013, as well as from the year 2013 to 2014.
SWOT Analysis
Corporate and Business Strategies
The company’s mission and objectives should not be altered because they are some of the best, but the corporate and business strategies must be improved to ensure the desired goals and aims are realised.
Implementation of Strategies
Pro Forma Financial Statements
The performance of the company would be improved through the application of various long-term and short-term strategies. For instance, the projected pro forma statements for the next five years would resemble the following.
Recommendations
References
David, F. R. (2009). Strategic management: Concepts and cases (12th ed.). Upper Saddle River, NJ: Prentice Hall.
Harrison, J. S. (2005). Foundations of strategic management (3rd ed.). Mason, OH: Thomson/South-Western.
Hill, C. W. L., & Jones, G. R. (2012). Strategic Management. New York: Cengage Learning.
Thompson, A. A., Strickland, A. J., & Gamble, J. E. (2005). Crafting and executing strategy: The quest for competitive advantage: Concepts and cases (14th ed.). Boston, MA: McGraw-Hill.