沃尔玛内外部环境优劣势战略分析英文版Word格式文档下载.docx
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1
UNIVERSITYOFTASMANIA
TAKE-HOMEEXAMINATION
Semester5,2011
BMA302StrategicManagement(SOU)
Examiner:
DrDallasHanson
TimeAllowed:
TWO
(2)days
Instructions:
ThisexamisinONE
(1)section・
Itisacompulsorycasestudy.StudentsmustreadthecasestudyandanswertheONE
(1)question.
Thisexammationcontributes60%towardsyourassessmentinthisunit.
TliefinishedexanimustbesubmittedonhardcopybyMonday12小byBeijingtime・AmyocopyshouldALSObelodged・
ENVIRONMENTALANALYSIS
Introduction
Wal-Martisatycooninretailingindustrywithtotally6782storesscatteredin13countriessuchasAmerica,Mexico,Canada,China,Japan,andBrazil,ect.Corporationlaunchthepositioninlowpriceasthecatchword:
tosavepeoplemoneysotheycanlivebetter.Inordertoimprovethelivesofeverydaypeoplebymakingeverydaythingmoreaffordable,Wal-Marthighlightscostefficientsupplychainandeconomiesofscaletoachievelowestcostandproductivity.
ThemissionofWal-Martistoofferaffordablecommoditiestothegeneralpublicandupdateinformationsysteminsupplychain.Inthreesegments,companycontinuetosetdifferentiationstrategyandsuperiorservicetoappealcustomers.Nevertheless,companywouldstressstaffconcerninhealthcareandpayment.Invision,Wal-Marthasaloftyaspirationinglobalexpansionandanotherlevelofpublicity.
External
Generalenvironment
Demographic
Anagingpopulationrepresentanupwardtrendastheglobalpopulationsizeisgettingbigger.InUS,itisestimatedthatthenumberofthoseaged65andupwillboostto86.7millionby2050.Thewonderfullifeofresidentsindevelopednationbringsaboutlongerexpectancyandlowerbabyrates.SincecrowdsofforeignimmigrantpourinAmericanlabourmarket,ethnicandgenderdiversityincreasinglyapparentinUSwheretheproportionofwhites5workforceseemsdescendandfemalelabourovertheageof16hasincreased・Astoincomedistribution,thereexistsgulfbetweenrichandpoorresultingfromreturnstoeducation・
Economic
Owningtothefinancialcrisisin200&
worldtradewashithardanditfellinpessimisticmarketenvironment.Furthermore,theGDPgrowthinlotsofnationsisslowingdown,whichposesathreattotheretailingindustry.Themajorityoftheretailersfacingthecommonsalesdifficultpositionwereatstakeinretailingbusiness・
Political
AccordingtoCalifornialabourlaw,itiscompulsoryforenterprisetoprovidemealandresttoemployee・Second,itappearstogreatconcentrationondiscriminationagainstwomeninpromotion,pay,training,andjobassignments・
Socio-cultural
Thegovernmentsinmanydevelopedcountriesstressonhealthcare,anti-monopolytrade,theenvironmentalconservation,discrimination,reasonableworkerpayandgeneralanti-corporatesentiment.Anyactionbreakingantitrustlawsandhandlinghazardouswastetoreducethecostoftreatmentwouldbepunished・Additionally,thediversificationingenderandculturewouldrestructuretheinternationaldivisionofmanpower.
Technological
Inordertoachievecost-efficiencyandtrackingrealtimeinformationute,RFIDhasbeenwidelyutilizedinoptimizingHieretailingsupplychain.Anotherburgeoningapplicationisinternetbywhichincreasinglypeoplearoundworldcouldabsorbfreshnewsandmakepurchasewithoutboundaries・Electroniccommercewouldleadtoanewroundofexplosioninretailingmarket・
Global
Inlinewithglobalisationtrend,tradebarrierscontinuetocomedown.Thedevelopmentofinformationtechnologyappearsimmensepotentialthatexpandmarketandofferexcellentlabour,capital,goodsandservice・Simultaneously,bilateralandmultilateralfreetradeagreementsarecontinuingtoshapemarkets・
Industryenvironment
Theretailingindustryoperatesasasuperstoreofflineandonline,whichofferingwidevarietygoodsandservicetothepublicatareasonableprice・Thousandsofmerchandisesinretailingrangeoverelectronics,dailynecessaries,food,andhealthcareandsoon.ItisamatureindustrywheremanycompetingretailersfightformoremarketsharesuchasTarget,CostcoandKroger.
Threatofnewentrants
Inspiteoflowswitchingcostforcustomertobuymerchandisefromnewentrantsinretailingindustry,existingretailershaveestablishedenormouseconomyofscaleandstrongdistributionchanneltorealisefirms'
flexibilityandefficiency.Forthosenewentrantswithoutprofoundresourceandcapital,itisimpossibletoentrythisareaandhaveaplace.
Bargainingpowerofsuppliers
Thebargainingpowerofsuppliersseemsquiteweakduetoretailingsupplierandmanufacturersfeatureslargequantitywithsimilargoods,lowswitchingcostsandmultifarioussubstituteproducts.Aboveall,thesesuppliershavetomeetretailingtycoonhalfwayforbigdemandandlargeshareofbusinesssothattheytransformedtospecializedsuppliersservingforthegiantinvisibly.
Bargainingpowerofbuyers
Intheretailingindustry,consumerplaysanirreplaceablerolesincepeoplebuydailynecessaries,foodando什ierconsumablesregularlyandtheii'
purchasesconsistofthesellei^srevenues・Andtheycaneasilyswitchtoanothercompetitorstoresaslongasthereislittledifferentiationingoodsandservice・
Threatofsubstitutes
Retailingsuperstoressellingthousandsproductshaveenormoussubstitutesintypeofnicheindustryorfranchisestore.Afurthersubdivisionongoodsandservicepresentsastrongthreattocurrentretailingindustry.
Intensityofrivalry
Asthereexistsseveralcomparablecompetitorsplusothernumerousnichecompetitorsinthisretailingindustrywithamoderategrowth,itformsarelativelyintensifycompetition・Obviously,retailingcorporationsattemptingtomaximiseproductivecapacityandreduceinventoriesarelackofdifferentiationincommoditiessothattheyrelyoncuttingpricetoattractcustomers・Thus,theswitchingcostsbecomelowerandgiverisetocompetition・
Competitorenvironment
ForWal-Mart,themostcompetitivecorporationincludesTarget,Costco,Kroger,CarrefourandTesco.Alloftherivalattempttoexpandtheirmarketshareandboostsalesprofit.Targetlaunchesthepositionasupscale,fashion-forwardappeal,whichprovideshigh-qualitymerchandiseatattractiveprices・Costcofeaturesalimitednumberofcommoditiessoldinhighvolumes,lowcostsviadiscountsandano-frillsapproach・Krogerisoneofthenation^largestretailerscontaining11brands・TescohasanobjectofstretchingtotheWestCoastoftheUSA,emphasisingconvenienceandcompetesprimarilyingroceries.Carrefouractingasthesecond-largestretailerafterWal-Martembracesaninternationalambitionanditfocusesonhypermarkets・Inaddition,othernichecompetitorssuchasSafewayorBestBuyalsocompetewithWal-Martlaunchinglowpricepositionplusenvironmentalattention・NowWal-Martresetstrategytoimproveproducts,logisticefficiencytoattractmorecustomers・Sotheretailingmarketisintenselycompetitive・
Siimmarv
Inthiscase,setintheunenthusiasticglobaleconomy,theretailingindustryisfulloffiercerivalryandformshighbarrierstocompetitors・Despitetherearesomanyissuesaboutlabourforcewaitingforthesolution,opportunityintechnologyandglobalmarkethasthegreatpotential.
Internal
Resources
Tangible
Asthedominantinretailing,Wal-Martrepresentsahealthyandprofitablefinancialposition・In2007,netincomeascendedto$11.7billionandtotalassetsreach$151billion.Concurrentwiththeincreaseinassets,corporationliabilitieshavegrowntoS89.6billionandtotalshareholderequityroseto$61.8billion・Wal-Martcombineslow-costprocurementtactics,leading-edgeinformationsystemsandrocket-sciencelogistics.Inphysicalresource,corporationpossesses2257Supercentres,1047DiscountStores,112NeighbourhoodMarket,579Sum'
sCluband2760InternationalthroughDistributionCentresimprovingmerchandisedelivery.Intechnology,itutilizesRetailLink,Internet-basedTransportationLinksystem,satellite-basedtrackingtechnology,Texlonbar-codeandRFID-basedsystemtoaccelerategoodsdistributionandtrackrealtimeinformationen-route・
Intangible
Inhumanresource.Wal-Mart^stechnologicalsupply-chaindependsontheassistanceof1.8millionassociateswhoareoverworkedduetounderstaffingissues・CompanyhasfoundgroupsoftechnicalexpertsinGlobalProcurement・Andcorporationownscapableseniorofficersandpowerfulboardofdirectors・Inreputation,mostconsumersareinfavourofitsvariousproductsandgooddiscount.Plus,suppliersconsiderWal-MaitastycoonsothatWal-Martindominantpositionwithhugerequirmentcanbenefitgreatlyatlowerwholesaleprice・
Capabilities&
CoreCompetencies
Incapability,Wal-MartboastslargeeconomiesofscaleequippedwithDistributionCentrescoveringdomesticandoverseasmarket,extensivedistributionchannelincludingonline,predominanceinfrontof61000suppliers,andquickinformationgadierinpackagingandtransportationfromsupply-chaintechnologyinnovation.Corporationofferscustomerwiderangeofitemsataffordablepricewithdailydiscountbydominantbargainpowerincuttingcostofwholesalepurchase・Amongtheseremarkablecapabilities,thecostefficientsupplychainwithadvancedinnovatesystemisthecorecompetitiveadvantage,whichhelptologisticsintegrationandspeedupdistributionefficiency.Inaddition,powerfuleconomiesofscaleandinitiativeinprocurementareanothercorecompetencythatcontributestoprofitabilityandorganizationflexibility.
ValueChain
Inprimaryactivities,Wal-Mart^inboundandoutboundlogisticspresentsuperiorperforman