1. SUMMARY OF THE CASE: Wal-Mart has become the World’s largest company. In doing so many small businesses were forced to close and many larger companies forced to file for bankruptcy or even close. Becoming the World’s largest company has not been an easy road trip for Wal-Mart, it has required many different strategies in many different areas. And even now they cannot stop finding new ways to change, to grow, to be innovative. Wal-Mart has overcome difficult times by using many different tactics and whether or not you agree with the way they may of approached things or taken care of business, everyone must agree that their Strategic Management is superb. Through the years they have had to restructure their business but they have done so efficiently, always changing and always growing but always making the consumer feel as if they are first. Their unique way of treating employees helps to make this company stand out and is another much admired strategy because by just calling an employee an associate or partner they have managed to make each individual in the company feel as if they belong, they matter and in doing so, the employee becomes more productive allowing the company to run more efficiently and for profits to increase. Strategically, Wal-Mart is the company to learn from.
2. MISSION STATEMENT: A Mission and Vision statement should include the following questions:
1. Who are we?
2. What do we do?
3. Why are we here?
4. What kind of company are we?
5. What kind of company do we want to become?
6. What kind of company must we become?
Wal-Mart lacks a formal Mission statement. Based upon the case, there are nine components that support the company’s mission for the consumers. These components include the customers, publi ...