A CompanyS Current Situation Depends Heavily Upon The

A company s current situation depends heavily upon the strategies used to obtain goals. Businesses that have aspirations should incorporate basic strategies and aggressive approaches to achieve and perform efficiently. The strategies discussed in this paper are in the Walmart Company, founded in 1962 by Sam Walton. Walmart s plans for success evolved over the years while undergoing many modifications based on circumstances and management. Not only was the strategy important but the company s business model as well, which was to generate funds to cover costs while providing services and goods to clients. Walmart has confidence in the services and goods that they provide to the consumer and the lower the price, will not only attract†¦show more content†¦The friendly, helpful staff ensures that each client feels comfortable in the store and the prices are significantly lower for most items. Personally, I dislike placing my items on the checkout bend and pulling items to put in my basket. On several occasions, I have left small items and had to return to the store. Strategies that Fit the Company’s Situation Nonetheless, the strategy which is to satisfy the customer Every Day Low Prices (EDLP), fits the company. This company goes over and beyond to serve the community by providing jobs and benefits. Moreover, Walmart is known as a giving company through the Walmart Foundation, which donated over $200,000 towards the Tornado Relief and Recovery, $250,000 towards Relief and Recovery Efforts in Tennessee Wildfires, Hurricane Relief and Supports Louisiana Flood Relief. Its strategy is well-matched to the company’s internal and external situations: one stop shop. Customers can purchase at most of Walmart’s Stores, which includes Sam’s items such as tires for the automobile, clothing, electronics, jewelry, cosmetics, and medicine in one visit. In a fast-paced society and ever-changing economy, this strategy not only works for the company but the consumer as well. 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