Strategic Management and Strategic Competitiveness Assignment

Strategic Management and Strategic conflict - Assignment ExampleThus, strategic combat contribute be regarded as a consequence or outcome of effective strategic management from a critical viewpoint. Undoubtedly, strategic management and strategic competitiveness are two fundamental attributes which are essentially required by modern day organizations to deliver the goods as well as sustain in the leadership position. From a broader perspective, these two concepts can be identify as based various factors or managerial elements much(prenominal) as organizational vision, complaint and its business administration strategies to name a few (Hitt, Ireland & Hoskisson, 2010). Based on this particular notion, the aim of the parole henceforth will be to analyze the strategic competitiveness and the efficiency of strategic management sue as practiced by Wal-Mart Stores, Inc. (Wal-Mart) in its regular business operations taking into account the make of globalization and technological al terations in its international industrial context. Effects of Globalization and Technology on Wal-Mart superstar of the positive effects led by globalization which is identifiable in relation to Wal-Mart has been the exposure to planetary consumer securities industry. It can be stated in this regard that globalization has provided a noteworthy scope to Wal-Mart in terms of cost leadership advantages. It is worth mentioning in this regard that owing to the cost efficacious market structure of Wal-Mart in its home country, the company had been able to market its products at a competitive equipment casualty in the global consumer market. In other words, this globalization effect regulated a balance for permitting the magnification of quality products at a much lower rate in the global markets context which be to be of great benefit to Wal-Mart (Kutztown University of Pennsylvania, 2005). However, globalization also imposes certain negative implications which are commonly identif ied in terms of increased competition and significant influence of governmental interventions. It is worth mentioning that owing to such influences, Wal-Mart also had to face certain disruptions in its strategic management processes in performing the responsibilities of Corporate cordial Responsibility (CSR). Wal-Mart also had to witness significant challenges in relation to the diversity of cultures and market structures prevailing in different economic contexts all around the world. This can also be regarded as a live challenge imposed by globalization effects upon organizations (Geref? & Christian, 2009). The effects of technology, in the similar context, can be considered as an important determinant which tends to impose significant impacts on the productivity of the retail outlets of Wal-Mart. Concerning todays ever changing scenario, it can further be stated that the global retail market has been significantly influenced by the technology advancements. In relation to Wal-Ma rts strategic management initiatives in the global marketplace, can be observed as highly influenced by the technology effects. For instance, the company has been able to confirm efficient customer supply and almost accurate identification of the consumer demands. Technology has also played a merry role in increasing the efficiency of the overall business operations practiced in Wal-Mart