Strategic Business Management

Strategic Plan

Jamie L. Weller

STR/581

December 1, 2014

Lisa Diesel

Table of Contents

EXECUTIVE SUMMARY

cOMPANY BACKGROUND

RESEARCH

ENVIRONMENTAL ANALYSIS

sTRATEGIC cHOICE AND eVALUATION

IMPLEMENTATION, STRATEGIC CONTROL, AND CONTINGENCY

APPENDIX: CAPITAL EXPENDITURE DETAIL AND REFERENCES

Executive Summary

This report provides an analysis and evaluation of the implementation, strategic controls, and contingency plan for the company of Walmart. This plan will entail the background of the company, their mission, vision, and values. There is also an environmental scan with recommendations for the best strategy for the organization. The plan will also cover the identified risks for Walmart as well. In order to complete the evaluation and proceed with the strategic plan data was collected from the company’s corporate website. The data shows the company’s current position is a positive one yet enhancements could be made for the business’s continued growth. It is recommended that the corporation continues to analyze data to maximize profitability and minimize business risk across the globe.

Company Background

Walmart is widely known across the globe. The man behind the Walmart vision, mission, and purpose is Sam Walton, who opened the first Walmart in 1962 in Rogers, Arkansas. In 1969, Walmart became an incorporated company, which then started sharing and trading stocks publicly.

Mission, Vision, Purpose

The mission of Walmart is to “save people money so they can live better” (Corporate. Walmart). The purpose created behind Walmart is to “work together to lower the cost of living

for everyone, giving the world an opportunity to save money and live better” (Corporate. Walmart). There are three divisions of Walmart, which are Walmart Stores, Sam’s Clubs, and

Walmart International.

Walmart has become the world’s number one leading industry in retail and discount store today. Sam Walton opened up the first Walmart store in November of...