Friday, October 18, 2019

Business-Level and Corporate-Level Strategies Essay - 13

Business-Level and Corporate-Level Strategies - Essay Example The operations carried out at America, China, and United Kingdom was very successful. It provides online shopping opportunity to its customers. Its main objective is to provide better life to its customers with the help of the donations in kind. Wal-Mart is managed by Walton family as it is a family owned business. It has around 2.2 million employees across the world. Corporate level mainly deals with framing the mission and vision of the organization and planning accordingly to reach the desired goal. It formulates different strategies which are required for attainment of objectives of the company. The Functional level objectives are derived from that of the corporate level. This level develops coordination between the corporate and business unit level. In this complex environment of the business, the strategies are required to be formulated. This strategy is very well defined as in this level the marketing strategy will be further divided between the sales. The strategy in this level helps in the attainment of functional objectives of the organization (Hoskisson, Hitt and Ireland, 2012). Strategic management is required for the growth of the organization. It helps in the formulation of effective business environment. Business strategy is compared and formulated with the five forces that build competition. The strategic position of the company can be determined by the business level strategy. Wal-Mart adopts competitive advantage by delivering unique product to its customers by providing a standardized product at a lowest competitive price. The company can select any one from the given strategies to gain competitive advantage by delivering uniqueness in the product and lowering down the cost. The retail industry focuses on the cost leadership strategy to sustain in the market and narrowing the competitive scope. When the company provides unique product the customers will be willing to pay a premium for the product. Corporate level refers to the strategy

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