Business Plan for Wal-Mart Essay Example | Topics and Well Written Essays - 3250 words

Business Plan for Wal-Mart - Essay Example There are another 1309 stores in 10 other countries. These prices are obtained through the massive buying power of the firm and tight contracts with the suppliers, by the relatively low average wages paid to employees, by the streamlined business model and by continual fine -tuning of strategy. This attracts customers: Wal-Mart commands about 30 per cent of the US market for household staples such as toothpaste and sells 15 - 20 per cent of all CDs, Video and DVD. It is now becoming a force in book retailing as well. The firm was started by Sam Walton, who focused on locating large stores in rural areas while rivals built in cities and suburbs. The typical new Wal-Mart I now a 'Supercenter' that sells groceries and general merchandise in a store with an area of about four football fields. Wal-Mart has about 1400 of these supercenters in the United States. Wal-Mart has a great impact on suppliers and consumers. Due to the huge demand of Wal-Mart stores, suppliers are bound to stick to it only. Consumers get all the household items at a relatively low prices. To get the goals of any organization in certain intensity there are some issues involved. These issues, consists of necessary business, technology and human factors, are called Critical Success Factors. Firstly, a company has to focus on its business environments and secondly, it must be examined that what kind of risks have to face during the implementation cycle of business strategy (Aram, 1976), because the CSF is very much reliant on business's position. Several other CSF can be identified for specific circumstances. It is necessary that the basic features of the business like cost, quality of the product, services will not be affected negatively after entering into the marketplace Company must maintain a solid and comprehensive strategy of business The business of the company must have a complete support of its top management The infrastructure of the business must be complete and comprehensive The employees of the company are well trained Company's pricing policy not affected by its business The expectations of the customers must be taken care of Personal and 1-1 attention to all customers Strategic Planning: The strategic choice really consists of answering questions about competition - that is how the firm will compete to achieve its mission and goals (Daft, 1989). While these decisions are important, strategic decision makers often pay less attention to the 'with what will we compete' issue, resulting in poor strategic decisions (Galbraith & Kazanjian, 1986). For example, Pepsico in the 1980s acquired the fast-food chain of Kentucky Fried Chicken, Taco Bell and Pizza Hut in an effort to increase its customer base. However, it failed to recognize adequately the differences between its existing workforce and that of the fast-food industry as well as its ability to manage such a workforce. One recent study in the United States of 115 strategic business units within Fortune 500 corporations found that between forty nine and sixty nine percent of the companies had some link between Human Resource Management and the strategic planning process (Fisher & Dowling, 1999) however, the level of li nkage varies and it is important to understand the different

Lifestyle choices of the Christian family Essay Example | Topics and Well Written Essays - 500 words

Lifestyle choices of the Christian family - Essay Example A parent should never assume the role of peer. Parents also need to communicate with children about basic facts such as choice of friends, and healthy activities to engage themselves in. The family should be a cohesive unit where communication flows both ways. Qualities such as love, honesty, tolerance should be enforced so that children will be free to communicate any misunderstandings or changes to family members. Another effective way of setting limits and communicating healthy lifestyle choices is in the examples set by parents. The old adage, ‘children live what they learn’ should not be taken lightly. It is easier and more practical for children in today’s society to abide by the rules and limits set out by the family when they realize that others are also living according to those rules and boundaries. The church community has a moral responsibility in providing support and limits in our current culture. The current culture tends to hold the church up to ridicule by indicating that their Christian ideas and values are archaic. To rise above this view the church needs to implement programs that will give support to families in different areas of their lives. There are many needs that the society is not able to satisfy adequately. The church community needs to be strong and purposeful and present themselves as a viable alternative in the mix of culture that exists in today’s society. They also need to have a welcoming atmosphere (Edgell, 2005). In spite of the media and other influences many persons still believe that the church has a major role. Although it would appear at times that the family is losing the battle as the strongest influence in their child’s lives, it is not as widespread and as damaging as it appears. Other institutions in the society such as schools and other civic clubs and organizations tend to work together with the family in influencing the