This paper will be an MSA 603 postgraduate student’s attempt to provide a strategic plan for the retail company, Dollar Tree, Inc. The information will include its history, development, growth over time. This writer will also identify and explain the nature of its external as well as its internal strengths, weaknesses, opportunities and threats (SWOT) plus the company’s business and corporate level strategies. Finally, recommendations will be provided for the company moving forward into the third decade of the 21st century (2020-2030).
Walmart was founded in the summer of 1962 by Kingfisher, Oklahoma native Sam Walton. Although Walton’s original vision for the store was relatively modest, the half century since its founding has seen Walmart morph into one of the biggest companies in the world. Today headed by one Doug McMillon, Walmart boasts more than 5000 stores in the United States of America alone and employs more than 1.5 million people. Walmart is undoubtedly an American institution, yet each Walmart store feels like its own little country. Walmart seems to have its own laws and customs and the people who shop their on a regular basis appear almost primitive in their behavior as they go about raiding the store’s shelves and wrestling with fellow customers for discount flat screen televisions and bulk packages of two-ply toilet paper.
Whole foods embraced a different approach to market their brand, they are a strong believer of word-of-mouth publicity and over the past few years, their advertising budget did not change too much, especially when we compare it with other brands. Whole foods use social media to connect with customers as they regularly conduct surveys to take consumer feedback, as how well they are doing, any recommendations they have to further improve the quality of products or service, etc. Its helps Whole foods in various ways as they are regularly getting customer feedback so they can improve their product quality which meets their mission/vision as well to deliver high quality products and next it helps them to build deeper ties with community (Thompson,
Company Background Whole Foods Market is an American supermarket chain selling organic and natural foods. The company was founded in 1980 by John Mackey, Renee Lawson Hardy, Craig Weller, and Mark Skiles in Austin, Texas. Whole Foods Market went public in 1992 and was acquired by Amazon in 2017; it performs a vital role in the production and distribution of natural foods all across the United States of America. (Harbin et al., 2010). The primary company has a store which is approximately 28,500 square feet in area and specializes in the preservation, taste, and additive-free products.
The company is the world’s largest employer and more than 140 million Americans shop the Walmart stores weekly. Its fiscal year revenue eclipses its closest competition. Walmart employs 1.4 million Americans. The pay is not the best but they offer the chance
The first Wal-Mart Discount Store opened its doors in Rogers, Arkansas in 1962 by its founder, Sam Walton. Walton believed in customer service and hard work, which got him to expand to twenty-seven countries in forty years. Today, Wal-Mart serves more than two hundred million customers weekly. Wal-Mart established its Ethical Standards program in 1992 to monitor working conditions in its supplier factories. The program covers a factories compliance with local and national laws and regulations, compensation, hours of labor, no forced/prison labor, no underage labor, no discrimination, freedom of association and collective bargaining, health and safety, environment, and the right to audit by Wal-Mart.
Let's initially start by examining some of Walmart history. Walmart was established in 1962 by Sam Walton with it first store opened in Rogers, Arkansas. The CEO of walmart is Doug McMillion, Walmart Stores, helps people around the world save money and live better lives with their retail stores, online, and through their mobile devices. Each week, nearly 260 million customers and members visit one of walmart 11,539 stores. Walmart annual fiscal report for 2016 was a revenue of $482 billion, Walmart employs more than 2.3 million associates worldwide.
Whole Food Company is known to sell quality organic foods to all its customers with great sustainability practices and quality consistently. Its mission and values to become a good corporate citizen have given importance to the interest and to its various stakeholders. Whole Food’s business involves all customers, employees, shareholders, communities, stakeholders, and suppliers to turn its mission into reality. Whole Food’s adoption of a stakeholder orientation has greatly influenced its techniques of operation in many ways.
As discussed previously, Best Buy does not have a formal mission statement; however their goals are very clear and focused with CEO Hubert Joly leading the team. Best Buy has shown signs of vertical integration with the acquisition of similar companies such as Canada’s Future Shop and China’s Jiangsu Five Star Appliance Co., nevertheless they are not displaying any new signs of this. With Best Buy now being the largest company of its kind, they now have different and new competitors such as Amazon, which they are now diversifying themselves in order to compete with Amazon by price matching. However, this may be risky due to Amazon operating on such low profit margins.
Kenneth, Thank you for sharing your organization’s mission statement, it clearly depicts the organization’s intended purpose and characterizes what customers can expect from Lakeway IGA. My brother-in-law managed the produce and grocery section in a Super Wal-Mart and he frequently described the level of interconnectivity required between departments in the store to deliver an exceptional experience for the customer. The systems and structure of the store and its individual departments must be firmly aligned with the company’s mission, otherwise customers will receive a disjointed and inconsistent experience each time they visit the store. In conclusion, based on my numerous conversations with my brother-in-law I learned manage a grocery store
Wal-Mart is one of the largest retail companies in the world. The company operates retail stores in various formats worldwide. The company also offers its products through various e-commerce websites, including walmart.com and samsclub.com. Wal-Mart recorded revenues of $485,651 billion in the fiscal year ending January 2015, an increase of 2.0% compared to fiscal 2014. Its net income was $16,363 billion in fiscal 2015, compared to a net income of $16,022 billion in the preceding year.
Walmart is a powerful entity with a whole host of allegations past and proven and pending. The consumer sees one side of the Walmart business and the employees and vendors see a whole other side. To the consumer =, Walmart presents itself as a money saver with the lowest prices and price matching. This makes consumers very happy to know they are saving money, time, and gas. By shopping under one roof.
Sam Walton a global market and transformational leader who has the vision to sell volume over profit. His vision gave him the opportunity to own and operate a single store in a small town in Arkansas and transformed his business to be one of the biggest corporation with over 4,000 stores in the United States. Sam Walton operate his company, Walmart, with compassion and love for his employees living with moral and ethical standards. He led by example, cared for his workers, customers, and most of all being a servant leader he is. He revolutionized and made a constant inspiration and made a huge impact in the retail industry.
Walmart Stores Inc. is a US-situated global discount supermarket chain that has more than 11,000 stores in 27 countries and serves nearly 260 million customers each week. Founded in 1962 by Sam Walton, today Walmart has 2.2 million employees globally and it is the world’s largest retailer. Below the operating results of the company are shown (Annual Report): Walmart business strategy is based on ‘everyday low prices’ philosophy of the company. In other words, Walmart pursues cost leadership business strategy enabled by the economies of scale derived by the company in a significant extent. The main strategic goals of the company are: 1.
Wal-Mart was founded in 1962 by Sam Walton. With the opening of the first Wal-Mart discount store in Rogers, Ark. The company integrated as Wal-Mart Stores, Inc., on October 31, 1969 (Wal-Mart, 2010). As a leader in sustainability, corporate philanthropy and employment opportunity, Wal-Mart placed first among retailers in Fortune Magazine 's 2009 Most Admired Companies.
