Business Question

Using your approved strategic plan from the Wk 2 – Strategic Plan Research assignment, completethe following:

Create a presentation, with speaker notes and visuals on each slide, that will sell your identified improvements to the strategic plan, based on your Wk 4 analysis.

Include the following:

Summarize the threats and challenges you have identified within the current strategic plan.

Determine how to execute the strategic initiatives in order to address the threats and challenges.

Explain proposed process improvements.

Assess whether additional resources are needed.

Describe how resources should be used in the application of the strategic plan.

• Utilize KPIs to justify the financial investment and to measure the success of the proposed improvements to the strategic plan.
• Justify your recommendations based on anticipated Return on Investment (ROI)

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Strategic Plan Analysis for Walmart
Ashley Marrero
STR/581
March 23, 2024
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Strategic Plan Analysis for Walmart
Strategic planning is an essential aspect of an organization. Companies create such
models to act as a reference point for defining the future directions to be followed to achieve a
given goal. In this context, an analysis of a sample plan is provided. Walmart is among the most
successful entities within the retail sector. Since its establishment, the company has achieved
strategic growth and alignment with the prevailing customer demands. Its low-price model has
helped consumers save money when shopping from its outlets.
Clearly states where the organization is going and how it will get there:
The firm intends to maintain a 4% growth in its total sales and income in the next three to
five years. This goal is concerned with developing a reliable expansion plan that will guarantee
positive returns (Walmart, 2023). In achieving this goal, the firm will invest in an integrated
supply chain. This approach will help the company to use the latest technologies to create a
highly effective and reliable supply chain network.
Evaluates the organization’s external and internal environments:
The plan outlines the firm`s internal and external environmental factors, including the
strengths and challenges caused by competition. It recognizes the opportunities presented by
technological advancements and competition patterns. Similarly, this plan has highlighted the
potential opportunities that the firm may encounter after leveraging the best labour practices. The
company has shown that it will invest in workforce management and labour optimization to
reduce the total costs associated with human resources acquisition. Such a trend will help
Walmart in developing a highly effective labour and workforce to address the witnessed changes.
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Includes a people plan and addresses achievement of a diverse workforce:
In this plan, it is observed that Walmart is focused more on ensuring strategic alignment
with the perceived industry changes by adopting a highly flexible operational model (Walmart,
2023). In this context, the plan shows that Walmart intends to create an integrated supply chain
informed by a people-centric culture. Such a model will empower the company to leverage the
latest innovations to ensure that the employees undertake the associated tasks within the required
and expected outcomes.
Includes corporate social responsibility and environmental sustainability:
On the other hand, the company`s strategic plan defines its commitment to enhancing
waste reduction in plastic use and improved use of renewable energy. Such interventions
supplement the current strategy, making it easy to create an integrated plan to achieve the
expected outcomes. This plan provides a comprehensive response to the firm`s growth and
expansion goals and is highly effective since it defines the interventions that are likely to support
a common outcome.
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References
Walmart. (2023). Walmart Outlines Growth Strategy, Unveils Next Generation Supply Chain at
2023 Investment Community Meeting. Walmart.
https://corporate.walmart.com/news/2023/04/04/walmart-outlines-growth-strategyunveils-next-generation-supply-chain-at-2023-investment-community-meeting