In order to be successful in today’s rapidly changing business

 

In order to be successful in today’s rapidly changing business landscape, company leaders must consider how best to position their organizations in order to gain and maintain a competitive advantage. Strategic planning is a critical component of achieving that competitive advantage. For retail giants like Walmart, in particular, strategic planning provides crucial insight into the current and potential success of their diverse operations.

To prepare for this Discussion, review “Case 01: Walmart Stores” on pages C-2 to C-11 in Dyer, Godfrey, Jensen, and Bryce (2016) and consider the fundamental principles of strategic planning. Be sure to consider strategies for leveraging competitive advantage within a crowded industry.

By Day 3

Post an analysis of the role of strategic planning in establishing competitive advantage. Your analysis should include the following:

  • An assessment of the phase of the strategic planning cycle that might be the most useful for Walmart’s competitive advantage
  • An explanation of competitive differentiation as it relates to Walmart and similar retailers like Target and Dollar Tree. Be sure to address how Walmart’s choice of market focus contributes to its competitive advantage.
  • An assessment of Walmart’s value proposition, including why customers choose Walmart and whether advertised low prices are accurate

Be sure to support your work with a minimum of two specific citations from this week’s Learning Resources and at least one additional scholarly source.

https://www.youtube.com/watch?v=sU3FLxnDv_A&feature=youtu.be

https://hbr.org/2012/08/simplify-your-strategy.html

https://www.youtube.com/watch?v=mLJ34L5UW4E&feature=youtu.be

Dyer, J. H., Godfrey, P., Jensen, R., & Bryce, D. (2016). Strategic management: Concepts and tools for creating real world strategy. Hoboken, NJ: John Wiley & Sons.

  • Chapter 1: “What Is Business Strategy?” (pp. 2–19)
  • Chapter 2: “Analysis of the External Environment: Opportunities and Threats” (pp. 20–45)
  • Case 01: “Walmart Stores: Gaining and Sustaining Competitive Advantage” (pp. C-2–C-11)

Bereznoi, A. (2014). Business model innovation in corporate competitive strategy. Problems of Economic Transition57(8), 14–33. doi:10.1080/10611991.2014.1042313

Note: Retrieved from the Walden Library databases.







Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10