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Kudler Case

Essay by   •  December 16, 2011  •  Essay  •  328 Words (2 Pages)  •  1,378 Views

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Mission Statement:

Mission statement is the way that a company intends to serve its' stakeholders. It provides a framework for why an organization is operating and how it strategies are formulated. It not only makes an organization unique but explains to the stakeholders as well as it's customers and employees the companies goals. Wal-Mart's mission is "To give ordinary folk the chance to buy the same thing as rich people."

Vision:

A vision statement identifies where the organization wants or intends to be in future. It provides a look into the future capabilities and goals of the organization. This vision statement is for the organization and it's members. A vision statement should help direct the organization to making effective business decisions. Wal-Mart's vision is to become worldwide leader in retailing.

Strategic Plan:

This is why a company exists and why it will continue to exist. This is used as a motivational tool for the people since they can see what needs to be achieved in order to achieve the companies vision. Walmart's latest strategic plan is a planned one-stop shopping experience that would deliver "low prices, every day, on everything," the company stated.

Core Processes

Walmart is one of the largest Fortune 500 companies, which is spread across the globe. It is arguably the largest retail chain that deals with everything from food to consumer electronics. Simply put, it has everything a homemaker can ever think of. Affordable price range, coupled with aggressive online and market strategy has lead to wide acceptance for Walmart in cities and towns alike. Walmart is probably the only largest Fortune 500 corporation in the world that which directly services the common man. They support their strategy in that they offer one stop shopping, while providing the lowest prices for the common man.

References

1.. Dylan Mortenson (April 19, 2011) The Stillman Exchange. Retrieved from

http://stillmanexchange.com/money-investing/wal-mart-returns-strategic-plan-new

2. Administration (May 10, 2011) Strategic Management: A Case Study of Walmart. Retrieved from

http://jointhemoment.org/archives/2650

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