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Essay / Research Paper Abstract
15 pages. This paper concentrates on the current and future indications of the retail industry using Wal-Mart as the main focus. Contains information regarding Michael Porter's Five Forces model, trends analysis and a look at events within the retailing industry that indicate what the outlook for the retail industry is as compared to what it is doing today. Bibliography lists 9 sources.
Page Count:
15 pages (~225 words per page)
File: D0_JAwlmart.rtf
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Unformatted sample text from the term paper:
Michael Porters Five Forces model, trends analysis and a look at events within the retailing industry that indicate what the outlook for the retail industry is as compared to what
it is doing today. According to industry trends and analysis it appears that the retail industry is going to remain stable. At a time when many corporations are seeing
financial cutbacks or even bankruptcies the retail industry and the current analysis of the retail industry indicates that for now retailers will remain stable and will then probably see an
upswing in their market. There are three main reasons why we will see this occur: * The current trend analysis * The use by the industry of
the Five Forces Model * Industry outlook CURRENT TRENDS Industry analysts tell us that a firms resources and capabilities include all of the financial, physical, human, and
organizational assets used by a firm to develop, manufacture, and deliver products or services to its customers. Additionally, the financial resources include debt, equity, retained earnings, and so forth.
In determining the physical resources we would include the machines, manufacturing facilities, and buildings firms use in their operations. The Human Resources include all the experience, knowledge, judgment, risk-taking
propensity, and wisdom of individuals associated with a firm, while organizational resources include the history, relationships, trust, and organizational culture that are attributes of groups of individuals associated with a
firm. This is in addition to a firms formal reporting structure, explicit management control systems, and compensation policies (Barney 1995). The situational analysis shows that within the Wal-Mart Corporation
the best managers are those who know when to lead by consensus but are also confident in making decisive, independent decisions whenever and wherever appropriate. Under this situational analysis,
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