Operational Planning For Wal-Mart
The first Wal-Mart was opened in Rogers, Arkansas, in 1962. By 1969 it was incorporated into Wal-Mart
Stores, Inc., and in 1972 went public on the New York Stock Exchange. The company grew steadily
across the United States, and by 1990 was the nation's largest retailer. In 1991 and 1994, Wal-Mart
moved into Mexico and Canada respectively. By 1997 it was incorporated into the Dow Jones Industrial
Average. As of 2005, Wal-Mart has stores in the United Kingdom, and Puerto Rico, and brings in revenue
of close to 300 billion dollars a year. In 2006, Wal-Mart invaded the China and India's markets. During
the last two decades, Wal-Mart has been able to take advantage of the rise of information technology
and the explosion of the global economy to change the balance of power in the business world
(Wikipedia, 2006). Today Wal-Mart continues to grow and their success is not only from their sound
strategic management planning but also from its implementation of those strategic plans. In other
words operational planning has been an important key to their success.
The Definition of Operation Planning
Once plans have been developed, an organization must address how management will be accomplishing
be those plans. This involves operational plans that must flow from strategy; specify resource, time
issues, and commitment of human resources. Operational plans at the lower - levels of the organization,
have a shorter time horizon, and are narrower in scope (Bateman, Snell 2003 p.113). A good example of
this is Wal-Mart's main strategic goal. It is to provide quality merchandise at an affordable low cost to
consumers. 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. Operational plans are
derived from a tactical plan and are aimed at achieving one or more operational goals (Bateman, Snell
2003 p.113).
Wal-Mart and Their Operational Plans
Wal-mart has a reputation for caring for its customers, of course their employees, and for the
prospective public. So Wal-Mart can be an industrial leader for the world of shoppers with an eye for
lower affordable prices, company decision makers would continue it's systematic strategies that it's
founder and president established years ago. 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
This study source was downloaded by 100000850872992 from CourseHero.com on 04-10-2023 07:58:22 GMT -05:00
https://www.coursehero.com/file/8738409/Operational-Planning-For-Walmart-Assignment/
The first Wal-Mart was opened in Rogers, Arkansas, in 1962. By 1969 it was incorporated into Wal-Mart
Stores, Inc., and in 1972 went public on the New York Stock Exchange. The company grew steadily
across the United States, and by 1990 was the nation's largest retailer. In 1991 and 1994, Wal-Mart
moved into Mexico and Canada respectively. By 1997 it was incorporated into the Dow Jones Industrial
Average. As of 2005, Wal-Mart has stores in the United Kingdom, and Puerto Rico, and brings in revenue
of close to 300 billion dollars a year. In 2006, Wal-Mart invaded the China and India's markets. During
the last two decades, Wal-Mart has been able to take advantage of the rise of information technology
and the explosion of the global economy to change the balance of power in the business world
(Wikipedia, 2006). Today Wal-Mart continues to grow and their success is not only from their sound
strategic management planning but also from its implementation of those strategic plans. In other
words operational planning has been an important key to their success.
The Definition of Operation Planning
Once plans have been developed, an organization must address how management will be accomplishing
be those plans. This involves operational plans that must flow from strategy; specify resource, time
issues, and commitment of human resources. Operational plans at the lower - levels of the organization,
have a shorter time horizon, and are narrower in scope (Bateman, Snell 2003 p.113). A good example of
this is Wal-Mart's main strategic goal. It is to provide quality merchandise at an affordable low cost to
consumers. 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. Operational plans are
derived from a tactical plan and are aimed at achieving one or more operational goals (Bateman, Snell
2003 p.113).
Wal-Mart and Their Operational Plans
Wal-mart has a reputation for caring for its customers, of course their employees, and for the
prospective public. So Wal-Mart can be an industrial leader for the world of shoppers with an eye for
lower affordable prices, company decision makers would continue it's systematic strategies that it's
founder and president established years ago. 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
This study source was downloaded by 100000850872992 from CourseHero.com on 04-10-2023 07:58:22 GMT -05:00
https://www.coursehero.com/file/8738409/Operational-Planning-For-Walmart-Assignment/
