We also gained a close understanding of how Wal-Mart uses strategic planning to add organizational and stakeholders’ value while increasing profits. We uncover a series of great efficiency tools used by Wal-Mart such as cost leadership to leverage operating expenses, and how it is used by the organization to strategically dominate the competition, and lead the industry by continuing to provide quality products at discount prices. This perfect planning continues to demonstrate Wal-Mart’s expertise in effectively utilizing global resources to maximizing profits while minimizing the shared risk associated with it. In the end, Wal-Mart’s narrowed financial expense control and robust inventory management alongside with their strategic planning; will sustain a profitable successful organization with profitable
This external pressure incentivized Newell to optimize their supply chain and maximize supply efficiency, which led to systems like cross-docking. The threat of new competition and the threat of other products/services went hand in hand with how Newell was perceived by their customer. If a Wal-Mart, say, were displeased with an aspect of Newell’s performance they would pressure Newell by threatening to allow a competitor into the supply chain to stock some stores. Given the relatively un-differentiated nature of Newell products substitute suppliers were not hard to find. In essence, any market player that was operationally similar with a comparable, or superior, portfolio of products was a threat for Newell.
Kudler Fine Foods Virtual Organization Kudler Fine Foods (KFF) is an established business that survived the initial period successfully and grown by adding two additional stores. Because of owner’s prudent management the business presence in the market is solid, although other competitors represent a threat. Additionally the threat of handling perishable goods is also present, but competitors have the same issue plus KFF can compete with reasonable prices to make it attractive to customers (Kudler Fine Foods, 2012, p. 10). KFF needs to initiate marketing research analysis to pinpoint the areas of opportunity and improvement. In this analysis a secret shopper should be part of the research to visit stores around the three KFF establishments
The corporation has a strong internal environment that makes it succeed in its business venture, which shuns away other players while maintaining both profitability and competitiveness. Its main competitors include Regis Slaons, Macy’s, and Sephora. In this regard, this paper seeks to analyse the company’s potential by scrutinising the internal environment, corporate resources, competence, and other attributes that depict its strength and weaknesses in under the SWOT analysis. Internal Environmental Analysis The company has adopted various measures that enhance its competitive nature embracing different procedures and policies. It has also improved the management department by providing suitable measures that define goals and objectives of the company for it to attain increased returns (Fukuoka et al., 2012).
The distribution networks of the new companies are high and tends to affect the operations of JCP. Therefore, the company should build a strong distribution network so as to counter significantly the operations of the new companies that produce similar products. The “mom and pop” stores have been reported to resort in selling products online, otherwise they become obsolete. J. C. Penny’s SWOT analysis The strengths of the company are: * The existence of more than 1100 locations worldwide * Their quality products such as clothing, jewellery, beauty products and even footwear and furniture * The company also offers shipment of their goods for customers, which gives their customers the best experience in the end, hence attracts more customers. * The company also offers free haircuts for the children The weaknesses of JCP Since its competitors give similar products, the company is faced with limited market share 2. International business operations have also challenged the services of JCP due to the current emerging economies worldwide.
While Wal-Mart's methods are under scrutiny for the seeming forceful nature, but in reality they just have the power to push suppliers around and pressure small businesses to the brink. The retailer is brutally honest and straight forward about what they need and what they can get in their business ventures. Wal-Mart creates low prices by the threat of outsourcing and pitting suppliers against each other. If a supplier wants to change the terms of their agreement with Wal-Mart, they will simply be shoved aside and replaced by someone who will do what Wal-Mart wants. In order for small businesses to really gain an edge they have to diversify their products and exploit local suppliers, cash in on the advantage of a better enhanced customer experience, and with interaction within the nearby communities.
I think that one of the biggest factors in Wal-Mart’s improved performance while other retailers are suffering financially is Walmart's everyday low prices strategy along with the position they take about their customers. Walmart also encourages store managers to compare with other competitors to ensure walmart is
Wal-mart’s competition consist of big box retailers such as Best Buy, Target, K-Mart, Lowe’s, Home Depot, grocery stores and smaller retailers such as Dollar General and Family Dollar. Many of companies these companies have reinvented themselves by stocking more inventory and offering lower prices than Wal-mart on particular products. The analysis of the external environment presents the Wal-Mart retail stores with a number of opportunities. Firstly, due to its stature in the industry, Wal-Mart is presented with an opportunity to seek strategic alliances and mergers with other leading local and global retailers focusing on a given market niche. Additionally, analysis of the external environment suggests unmet targets in the supercenters business.
Apple recognised early advantages of globalisation and implemented various strategies to expand internationally which results in wide range of their stores all over the world now. Globalisation has allowed Apple to globally source materials and achieve cost advantages. By Apple knowing the influence of globalisation they have been able to respond good. Quality expectations are another influence that impacts on a business. Quality refers to how well designed and made a product is and the expectations that people have of a business will influence the way that the products are designed and created for customers.
Pete's Peanut Snacks What interactions need to take place among the marketing, manufacturing, logistics, and finance departments? Explain the logistics department's role in the introduction of the new product. A good interaction between logistics and new product development is done to achieve company market success in area of snacks. Communication among different departments is essential. These are considered to be the major functional department of any company- manufacturing, marketing, finance and logistics.