PROJECT ASSIGNMENT Wal-Mart Stores Inc. is the largest retail company in the Uni
ID: 367266 • Letter: P
Question
PROJECT ASSIGNMENT
Wal-Mart Stores Inc. is the largest retail company in the United States and has been ranked number one on the Fortune 500 Index by Fortune Magazine. Wal-Mart is the largest retail store in the United States, and is larger than any other retail chain in the world. Currently Wal-Mart operates over 4,150 retail facilities globally.
Wal-Mart provides general merchandise: family apparel, health & beauty aids, household needs, electronics, toys, fabrics, crafts, lawn & garden, jewelry and shoes. Also, the company runs a pharmacy department, Tire & Lube Express, and Photo processing center as well (www.walmart.com).
Wal-Mart Stores Inc. decided to start its operation in Saudi Arabia. The Company hired you as CEO of Wal-Mart Stores Inc. Saudi.
Assignment Objectives & Requirements:
1-To establish the Wal-Mart Stores Inc. in Kingdom of Saudi Arabia, you have to write the: (400 – 500 words)
a. Introduction about Wal-Mart Stores Inc. business.
b. Product and type of services.
c. Business statement.
d. Business vision.
e. Business objective.
2-Identify and describe the four managerial functions that can be applied in Wal-Mart Stores Inc. in Saudi Arabia. (200 – 300 words)
3-Identify the probable stakeholder for Wal-Mart Stores Inc. KSA. (200 – 300 words)
Explanation / Answer
1.SAudi arabia is one of the wealthiest country in the middleeast and have rich conservation of fossil fuel. it is an industry hub for minining, oil refineries and for manufacturing. retail segment is prominent and thee are many leading local player which has huge market capability in saudi. Approach should be focused on the customer recquirement , services offering and their unique value porposition through imported product with low cost fro the customer. support from the rullers of saudi is invitable and thee should be a copper buiseness case to establish the same. timing should be flexible based on their customer feasibilites and product segmentation, bay armagements should be innovative to attract more customer.
a. buiseness for retail is all about marchendising( procurrement, storeand sell at higher marin). product segmention and service features are the attractiveness of walmart as a brand. they are well known fror their incredible connectivity and man power resource capability and man power resource capability. hiring is very critical there should be local employees in every team who can maanage the customer properly, to adress their queries and concern . tieup with corporate would be beneficial as there are lot of labour camps across saudi where walmart have huge oppurtunity to deliever their product.
b.product should be mix of local attractiveness and global level.importance product will get good reach in saudi arabia as they are keen to shop adnd to known new brand from other countries.
c.buiseness statement; establish a strong network in middle east in retail segment and make the market more vibrant and attract customer through proper value proposition.
d. buisenss vision; became the market leader for retail in saudi and deliever the best performance to all stake holder, customer which ensure a long term relation ship
e. business objective; walmart is the world leading retail chain and they have to expand their busieness to part of the global. thus middle east is one of their prime market which has huge potetial to grow.
the four managerial function which can be identified in context of walmart in saudi arabia are planning organisation leading and controlling . planning involves deciding where to take walmart and selecting step to get there. it would first require manager to be aware of challanges in saudi arabia facing their business and it then require manager to forecast future business and economic condition. they would need to formulate objectives to reach their goals by fixed deadlines and decide on step to reach them constant revalution of plans has to happen as condition might change and necessary adjusment might be needed.
stake holderare genrally people are group that are effected by one company operation.the porbable stakeholder for walmart stores Inc. in saudi arabiai would be;
Shareholder; walmart stores owner partners will have a strong voice indeciding the firm future. each owner-partner would have strong financial interest in profit ptential of the business.
customer and community; in the long run ability to meet the need of our customer and community would be our key to acess. customer provide the rvenue and cash follows that our business, would need to operate and ultimately earn a profit. we must be able to understand customer wants to need and meet them on an ongoing basis.
Suppliers; supliers are companies we would rely om for keys resource used inside our company and for product to resell. if we have strong,trusting relationship with key suppliers. we can normally negotiate more reasonable cost and get more efficient replenishment ahen our inventory runs low.
Employees; in the century companies need to place greater value of the employees. since we offer a service-based business, our employees provide the consistent service that help us attract and retain customer
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