Categories: Marketing

Marketing Plan of Wal-Mart

&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;left&semi;margin&colon;0px 0px 0px 0&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<p>In 1962&comma; a public retailing company was started with the name of Wal-Mart whose founder was Sam Walton&period; This retailing company was headquartered in Bentonville&comma; Arkansas&comma; America&period; Wal-Mart has to be considered as second largest corporation operating in the world&period; The company is completely owned by Walton family and is operated by president and CEO Mike Duke&period; Wal-Mart is called to be the varieties of stores at low prices&comma; it includes neighborhood markets&comma; discount stores&comma; membership warehousing club and Sam club’s etc&period; operations and services are provided all around world&period; They provide their services with very minimum delivery time and less shipping cost&period; The company uses different technology at different times to enhance the services and that appeals the customers because of the consumption at lesser time&period; <&sol;p>&NewLine;<h2 align&equals;"justify">Statement of Marketing Goal<&sol;h2>&NewLine;<p>Values and goals of the Wal-Mart Corporation are considered to be the basic functions which are operated by their employees&comma; those are stated as&semi; <br &sol;>• To control the organizational work proper assistance is provided<&sol;p>&NewLine;<p align&equals;"justify">• Offering packages related to discounts&period; <&sol;p>&NewLine;<p align&equals;"justify">• Accurate guidance to the workers<&sol;p>&NewLine;<p align&equals;"justify">• Employees evaluation at every step just because of smooth progress <&sol;p>&NewLine;<h2 align&equals;"justify">&NewLine;<h2>Wal-Mart SWOT Analysis<&sol;h2>&NewLine;<&sol;h2>&NewLine;<p align&equals;"justify"><strong>Strength<&sol;strong><&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad2" id&equals;"quads-ad2" style&equals;"float&colon;none&semi;margin&colon;0px 0 0px 0&semi;text-align&colon;center&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p align&equals;"justify">• Wal-Mart is very much advantageous because of shipments because they deliver the goods at very cheaper cost and through effective routs&period; <&sol;p>&NewLine;<p align&equals;"justify">• Their official website is more beneficial for them because it create more convenience for their customers&period; <&sol;p>&NewLine;<p align&equals;"justify">• The main strength for Wal-Mart is that they are enjoying monopoly in the market&period; <&sol;p>&NewLine;<p align&equals;"justify">• Strong brand nationally and internationally&period;<&sol;p>&NewLine;<p align&equals;"justify">• Ranked No&period;1 in fortune 500 companies&period;<&sol;p>&NewLine;<p align&equals;"justify">• Huge and competent employee base&period;<&sol;p>&NewLine;<p align&equals;"justify">• It has been enjoying excellent revenues and income&period;<&sol;p>&NewLine;<h3 align&equals;"justify">Weaknesses<&sol;h3>&NewLine;<p align&equals;"justify">&lbrack;large&rsqb;• Minimum number of memberships are provided and allotted with selective criteria&period; <&sol;p>&NewLine;<p align&equals;"justify">• Quantity sometimes varies just because to maintain their tagline of discounts&period;<&sol;p>&NewLine;<p align&equals;"justify">• Mission statement is not defined till now as the business is becoming older&period; <&sol;p>&NewLine;<h3 align&equals;"justify">Opportunities<&sol;h3>&NewLine;<p align&equals;"justify">• As like the business is successfully spread in Asia&comma; there are many spaces to launch their products in European countries&period; <&sol;p>&NewLine;<p align&equals;"justify">• Innovative technologies be established for the enhancements of the superstores&period; <&sol;p>&NewLine;<p align&equals;"justify">• untapped marketing of Asia and middle east&period;<&sol;p>&NewLine;<p align&equals;"justify">• Acquisition of major competitors&period;<&sol;p>&NewLine;<p align&equals;"justify">• Market penetration in existing market&period;<&sol;p>&NewLine;<p align&equals;"justify">• Partnership or acquisition of supplier to further reduce the cost of products to become more competent in the retail market&period;<&sol;p>&NewLine;<h3 align&equals;"justify">Threats<&sol;h3>&NewLine;<p align&equals;"justify">• Rigidity of prices affects the company to maintain its position&period;<&sol;p>&NewLine;<p align&equals;"justify">• Competitors are coming up with more advance technological techniques&period; <&sol;p>&NewLine;<p align&equals;"justify">• Increasing price of fuel has direct impact on prices of products&period;&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;

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