Organizational_Planning

University of Phoenix Material Organizational Planning Worksheet Complete each section below and cite your sources when necessary. Name a Fortune 500 company in the following textbox: |Wal-Mart | List the company’s internal and external stakeholders in the following chart: |Internal stakeholders |External stakeholders | |Senior Management |Customers | |Sponsors |Suppliers | |Project Manager |Competitors | |Core Team |Regulators | | |Licensing Agencies | What is the company’s mission and vision' | Wal-Mart's advertised mission statement and its advertising slogan are the same: | | | |"We save people money so they can live better." | | | |In addition to this mission statement, the company looks to its founder, Sam Walton for a company "purpose": | | | |“If we work together, we’ll lower the cost of living for everyone…we’ll give the world an opportunity to see what it’s like to save and | |have a better life.”(Broughton, 2009) | |Wal-Mart Stores Inc. must be a "company of the future" that embraces advances such as electronic health records or hybrid cars to drive | |down costs, keep prices low and tackle issues the government may not be able to solve | Company goals List at least one company goal that can be accomplished through a strategic plan: |The convergence of operational efficiency strategies is causing supermarkets to become customer irrelevant and vendor inefficient. | |Multi-channel shoppers are leaving the undifferentiated supermarkets for the clear value propositions offered by "alternative formats." | |Simultaneously, supermarkets are becoming less attractive as product distributors for CPG manufacturers who want to do business with | |more efficient operators. (Murray, 2009) | |To build a very strong and broad consumer base | List at least one company goal that can be accomplished through an operational plan: |Its operational goals focus on efficient logistics requiring technology and inventory management systems to help reduce costs so it can | |be passed on to the customer. | |It is to provide quality merchandise at an affordable low cost to consumers. | Insert a SWOT analysis in the following chart: |Strengths |Weaknesses | |Loyal Customers |Carry Large Inventories | |Great Pricing |Stopped buying American | |Great Locations |Staff in mainly part time and do not receive benefits | |Opportunities |Threats | |Expand to other countries |Current economy | |Improve Local Communities Perception |Employee unions | |Promote fair trade and human labor laws |Warehouse retailers such as Costco | Insert strategic and operational plans: |Save Money. Live Better. | |Price Leadership – The Company is well known for its “Every Day Low Pricing”, but Wal-Mart is aiming to give the consumer greater value | |for each product category. By achieving price leadership Wal-Mart hopes to ward off attempts by other retailers such as Target from | |gaining market share. | |Wal-Mart plans on having the best prices in order to compete with and excel over other retailers and grocery stores. By doing this both | |the internal and external stakeholders will excel within the company. | |Sam Walton believed in three guiding principles in his strategy planning they were to provide the customer with good value and service, | |to have a good relationship with its associates, and to be involved with the community. | |One of the reasons why the company leads the way as the largest marketing business is derived from the company's efficiency in | |logistics. The use of technology and inventory management systems helps keep product prices at a discount so shoppers can buy and | |maintain their wallets. | |The impact that the internal and external stakeholders have with an operational plan is that they will know that they are sought after | |and will grow not only in the United States but also world wide. | References Broughton, R. (September 15, 2009). SWOT Analysis of Wal-Mart. Retrieved from http://www.quality-insurance-solutions.com/swot-analysis-of-wal-mart.html Hoffman, W. (2006). Straight from the source. (Wal-Mart Stores Inc.). In The Journal of Commerce, 7, p23 (1). Retrieved February 15, 2013, from Academic OneFile via Thomson Gale: http://find.galegroup.com/ips/infomark.do'&contentSet=IAC- Murray, M. (2009, Spring). Wal-Mart's Strategic Initiatives. Retrieved from http://logistics.about.com/od/industryfocus/a/Wal-Mart.htm Wal-Mart Stores, Inc. SWOT Analysis (2006). Datamonitor, Retrieved February 15, 2013 from EMBCOhost Direct database Wikipedia, (2006). History of Wal-Mart, Retrieved February 15, 2013 from http://en.wikipedia.org/wiki/History_of_Wal-Mart