Assignment 2- Leadership.docx - Concordia University...

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Concordia University Chicago MBA Program Student name: Gin Sian Lun Cing (Cindy) Contact Info: 96537424 Assignment Title: Analysis of Walmart's Strategy Submission Date: 06/06/2020 Due Date: 07/06/2020 Course: MBA Semester: Summer 2020 Course Instructor: Mr. Koh How Eng Certification of Authorship: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledged and disclosed in the paper. I also have cited any sources from which I used data, ideas, or words, either quoted directly or paraphrased. I certify that this paper was prepared by me specifically for the purpose of this assignment, as directed. Student’s Signature: Cindy
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Analysis of Walmart's Strategy Gin Sian Lun Cing Concordia University Chicago Managing and Ldg Effective Org Mr. Koh How Eng Assignment #2 Analysis of Walmart's Strategy
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The organization's success lies in the strategy, and only a profound strategy can deliver positive results, which is the firm's profits and growth. Likewise, the strategy's essence lies in creating tomorrow's competitive advantages faster than the competitors mimic the ones the firm possesses today. As per Michael E. Porter, competitive strategy equate being different; hence, the firm must deliberately choose to perform different activities than rivals to gain an edge by delivering a unique mix of value[CITATION Mic79 \l 1033 ]. Each firm executes different competitive strategies, depending on the nature of the business. In this paper, I would like to discuss Walmart's competitive strategy, which transforms the firm from a single discount store to a multinational enterprise, the world's biggest company in terms of sales and revenues. Different Strategies In the current business context, there are four different types of business strategies to gain a competitive edge in the market: Differentiation that offers unique products, services, and features Cost Leadership, which is the most competitive and lowest-priced A niche that caters to specific market demand and segment Vertical Integration focuses on cost savings and efficiency through the supply chain [ CITATION Mck14 \l 1033 ] Most importantly, forming and executing the strategy alone is not enough; it should be competitive enough to give the firms competitive advantages. A competitive strategy mainly concerns the management specific plan to compete and secure a competitive advantage successfully over the rival, as such, its main objectives focus on knocking the socks off against the rivals through performing a better job of satisfying customer needs and preferences[ CITATION Sul15 \l 1033 ]. There are countless variations in terms of strategy that different firms execute as each strategic approach entails custom-designed actions, which fits its specialized products and
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services, and industrial environments. Besides, all the leaders have different notions on how they intend to outmaneuver the competitors, and they craft detailed strategic planning differently[ CITATION Sul15 \l 1033 ] . Nevertheless, the primary difference among the competitive strategies boils down to two factors. The first one is the targeted market size:
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