Strategic Initiative

In: Business and Management

Submitted By bigbwoi1
Words 1368
Pages 6
Strategic Initiative

FIN 370
March 10, 2013
Christine Gordon

Strategic Initiative Strategic planning is the foundation of a successful business, according to a Commentary given by Viraj Yadav in Strategic Directions “Strategic planning is a crucial factor in the survival, development and success of any business” (Premeaux, 2009). In this paper there will be discussions on Walmart strategic initiative program and the effectiveness of it. Walmart is not only a leader in retail but leads concerning energy savings and conservation. Walmart has taken advantage of technology as it relates to renewable and perpetual resources such as the sunlight, solar panels, and wind. Not only does Walmart show that it is environmentally conscience, but also reinforces it is focus on the customer by strengthening productivity and reduce expenses with the “Powered by Walmart” initiative and at the same time to keep providing service for its customers and profits for its shareholder. Initiative Effects on Financial Planning The “Powered by Walmart” is an initiative that Walmart has implemented to reduce the company’s expenses by reviewing their processes and eliminating any unnecessary steps taking place and costs incurred. According to Walmart’s Fourth Quarter Fiscal Year 2012 Earnings Call on February 21, 2012 they expect to maximize their value by balancing global leverage (Walmart Annual Report, 2012). This message also stated that some of these “Powered by Walmart” initiatives had already begun taking place within various stores in the United States and the United Kingdom. Walmart has evaluated the staffing of locations and worked toward making sure that the stores are staffed with the right personnel for the given time of day and year. This in turn will eliminate the cost associated with the scheduling of associates outside…...

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