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Week 5 - Strategic Analysis Project: Possible Strategies Coursework

Coursework Instructions:

The Week 5 Assignment has been updated and clarified - see below. Please reach out if you have any questions or need any additional information.
Week 5 - Strategic Analysis Project: Possible Strategies
This week, we're going to identify possible strategies for our company. In general terms, this assignment is a further expansion of your GAP analysis. For your company, identify the following:
Assumptions: Develop 2 Assumptions that will then be the basis (Strategies) for 2 separate Work Plans. In order to help you draft a strong assumptions section you may use the general environment table from page 44 in your textbook (see table below). Please consider that some of these items don't necessarily apply to your company/industry. Therefore, use judgment and discretion when deciding what applies to your company. Examples of assumptions are provided here: 1. Due to the COVID-19 pandemic, the use of technology such as smartphone apps and electronic payment and ordering methods may need to be adopted. 2. Due to the worsening economic conditions and high unemployment rates, the planned increase in prices will need to be delayed. 3. Due to disruptions in the supply chain due to the COVID-19 pandemic, new suppliers and alternative plans may need to be developed to prevent disruptions in operations.
Develop at least 3-4 objectives for each of the 2 chosen Assumptions/Strategies: You can further develop the objectives outlined in your last GAP analysis.
Develop 1 Broad action plans (For the 2 chosen Assumptions/Strategies and corresponding objectives : What action steps will be taken to achieve these objectives? Be as detailed as possible.
Sources: You may use primary/secondary sources to support your statements, as you did with your GAP analysis.
The following file can be used for this assignment: Week 5 Possible Strategies Assignment Template-1.xlsxPreview the document
There is no page or word requirement, but it is expected that all of the topics listed above will be clearly discussed in detail. Please ensure that all information is properly cited and referenced per APA guidelines, and quotation marks are used for all directly quoted material.

 

7/29/2020 Topic: Week 5 Assignment has been updated and clarified https://maryville.instructure.com/courses/46591/discussion_topics/794952 1/2  Week 5 Assignment has been updated and claried Marcia Smith All Sections Class - The Week 5 Assignment has been updated and clarified - see below. Please reach out if you have any questions or need any additional information. Week 5 - Strategic Analysis Project: Possible Strategies This week, we're going to identify possible strategies for our company. In general terms, this assignment is a further expansion of your GAP analysis. For your company, identify the following: Assumptions: Develop 2 Assumptions that will then be the basis (Strategies) for 2 separate Work Plans. In order to help you draft a strong assumptions section you may use the general environment table from page 44 in your textbook (see table below). Please consider that some of these items don't necessarily apply to your company/industry. Therefore, use judgment and discretion when deciding what applies to your company. Examples of assumptions are provided here: 1. Due to the COVID-19 pandemic, the use of technology such as smartphone apps and electronic payment and ordering methods may need to be adopted. 2. Due to the worsening economic conditions and high unemployment rates, the planned increase in prices will need to be delayed. 3. Due to disruptions in the supply chain due to the COVID-19 pandemic, new suppliers and alternative plans may need to be developed to prevent disruptions in operations. Develop at least 3-4 objectives for each of the 2 chosen Assumptions/Strategies: You can further develop the objectives outlined in your last GAP analysis. Develop 1 Broad action plans (For the 2 chosen Assumptions/Strategies and corresponding objectives : What action steps will be taken to achieve these objectives? Be as detailed as possible. Sources: You may use primary/secondary sources to support your statements, as you did with your GAP analysis. The following file can be used for this assignment: Week 5 Possible Strategies Assignment Template-1.xlsx There is no page or word requirement, but it is expected that all of the topics listed above will be clearly discussed in detail. Please ensure that all information is properly cited and referenced per 7/29/2020 Topic: Week 5 Assignment has been updated and clarified https://maryville.instructure.com/courses/46591/discussion_topics/794952 2/2 This announcement is closed for comments Search entries or author APA guidelines, and quotation marks are used for all directly quoted material. Unread  

Coursework Sample Content Preview:
Strategic Analysis for Walmart: Possible Strategies
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Strategic Analysis for Walmart
Introduction
GAP analysis for Walmart indicates that while the company has been performing well in its business activities, certain issues have been hampering its success thus the need to rethink its strategies. This paper will address two of these issues/assumptions namely 1) Negative economic effects of the novel Corona Virus (COVID-19) since March 2020; causing the company to consider using technology such as smartphones as well as electronic payment methods and 2). Disruptions in the supply chain also due to the COVID-19 pandemic thus requiring the development of strategies to come up with new supply chains or alternative plans to prevent the disruption of operations. In the foregoing, broad action plans are developed for each of these two issues as well as their corresponding objectives and action steps.
Assumption 1: Navigating through COVID-19 through eCommerce Sales
Based on Walmart’s first-quarter reports in 2020, the company has managed to beat expectations and demonstrated that it has been successfully navigating through the COVID-19 pandemic (Cohen, 2020). Key to the current success is that Walmart customers have been heavily stocking up home supplies in the wake of lock-downs and the stay-at-home spring. However, such consumer behavior will not continue for long, as it is a reactionary approach to the pandemic, which caught them by surprise. As the number of confirmed cases continues to rise in North America, there will be more pressure on Walmart to find better options for increasing its sales and maintaining business success. Accordingly, the magnitude of the economic harm due to the novel Corona Virus is only unfolding and may worsen in the coming months.
It is noteworthy that while the effects of the COVID-19 pandemic have been intensifying, Walmarts eCommerce sales have grown by 74% based on strong results from grocery pickup, as well as delivery services, marketplace products, and Walmart.com (Cohen, 2020). Therefore, the best area to strategize is the eCommerce domain to build on its current growth trajectory. Such an approach would lead to a possible future state for Walmart that is characterized by a comprehensive eCommerce model. It is expected that strategies in this line will drive sales amidst the effects of the COVID-19 pandemic such as calls for people to maintain social distance and consequently fewer visits by customers to Walmart’s physical stores. Accordingly, the eCommerce model should be sustainable even in the long-term since there are likely to be more virtual customer engagements even when the COVID-19 pandemic is contained.
Assumption 2: Dealing with Disruptions in the Supply Chain due to the COVID-19 Pandemic
Procurement teams in various organizations have been struggling to cope with disruptions caused by the COVID-19 global pandemic. Accordingly, numerous attempts are being made in a bid to protect supply lines thus securing raw materials and components needed to produce their goods and services. However, such efforts have been met with challenges due to the absence of vital information for global t...
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