Wal-Mart Stores, Inc.

WAL-MART STORES, INC.
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(4, December 2010)
Wal-Mart Stores, Inc.
Wal-Mart Store is a corporation in America that runs a chain of large discount departmental stores and warehouse. In 2010, it has been ranked as the world largest public corporation basing on revenue. Walton Sam founded it in the year 1962. It is also considered largest majority private employer, apart from being the largest grocery retailer in the United States of America. In the United States, the firm operates on its own name. Outside North America, the company has faced results that are mixed. For instance, in the U.K and China and South America, the company‘s operations are very much successful, while in Germany, the corporation was pulled out forcefully when the operations were unsuccessful. In general, Wal-Mart is on top of successful corporations in the United States. This paper analyses the Wal-Mart external business market and its influence on the firm’s strategic business continuity plan and Explain the role of business ethics in gathering competitor intelligence.
Economic Forces
It can be said economically that throughout many Wal-Mart has enjoyed being at the top most as compared to its competitors. The Wal-Mart economic status has been successful for many years. This is because, it has always been providing consumers with the best and quality goods and services, on top of which it has been selling products that individuals want to buy at low price, meeting its customers wants . Nevertheless, the corporation’s growth and expansion on different states and countries world wide, is evidence that is oblivious explanation that, Wal-Mart Corporation has been having the capability of having a stable economic capacity to ensure sustainability and maintenance of its competitive position in the market place.
Political and Legal Regulatory Forces
A corporation will never have an opportunity of gaining success, excellent reputation and trust if it will not put some consideration in legal and political sector of economy as part of its strategy. Wal-Mart departmental stores for example those operating in China have been following all of the tenets of business ethics. As a result, it can be concluded that the corporation in all its endeavors, has been putting into consideration the issues of legality. They have always been making sure that their goods and services adherers to the set standards and will ensure all its clients are satisfied worldwide. The corporation has always been to follow all the standards set by different states and governments, pus any other international organizational satisfy its customers.
Technology
Wal-Mart is well known throughout the world because of its innovative manner of using the technology. The complexities that have to be passed through for any organization for business success is the upgraded efficiency, competitiveness and effectiveness, combined with creative applications of updated technology. This has heightened the awareness of both the technology and business managers, towards a more strategically oriented approach for the management and planning and management. Wal-Mart has been able to apply advancements for the creation of new and creative goods and services, needed by its clients, ranging from the category of aviation to the special materials business. To ensure these has been achieved, it ha s utilized, modern technology in the production of new products that meets what their target markets demand. They have also used the purpose of information technology by creating a website for its own, to let their clients have a very easy access of knowing the corporation and the products and services, the company has created and innovated for them. In fact, Wal-Mart Corporation in the United States and other states or countries has utilized technology in the form of online stores, in order to reach many clients at a larger radius.
Socio-Cultural Forces
In getting to know the industry, culture is very significant. This is based on the reason that, for any organization to effectively operate, it must have to some extent, a general set of believes and assumptions on how culture will be affectin...