Create a 5- to 7- slide Microsoft PowerPoint presentation, with speaker notes and visuals on each slide, that will sell your identified improvements to the strategic plan, based on your Wk 4 analysis.

Include the following:

• Summarize the threats and challenges you have identified within the current strategic plan.
• Determine how to execute the strategic initiatives in order to address the threats and challenges.
• Explain proposed process improvements.
• Assess whether additional resources are needed.
• Describe how resources should be used in the application of the strategic plan.
• Utilize KPIs to justify the financial investment and to measure the success of the proposed improvements to the strategic plan.
• Justify your recommendations based on anticipated Return on Investment (ROI).

This is the Wk 4 analysis and it's on Walmart:

*Introduction

Walmart aims to provide safe, affordable food and other products to helps the people around the world, which increases the economic opportunity, environmental and social sustainability, creates value for the local communities for business and the society. Currently, Walmart has a promising strategy that highlights its eCommerce approach. For instance, it is stated in an article that "Walmart Connect (WMC) wins when suppliers invest in digital media to drive growth; Walmart and our supplier partners win when our digital expertise helps sell more goods online and offline. Growth in our digital advertising business is key to Walmart's overall growth strategy. The organization's omnichannel solutions leverage Walmart's in-store and online data and extensive reach to provide measurable results for our suppliers. With a range of flexible pricing and buying models, including self-service; these solutions help businesses build brand awareness, engage with Walmart consumers, and convert Walmart consumers to shoppers" (Manager, Marketing Planning And Strategy - eComm Walmart Connect in Hoboken, New Jersey | Adweek Jobs, 2019). Provided that, Walmart could also grow the existing market with segmentation and focuses on the new customers as well through a target audience which could help in emerging into to markets which enables the organization the expand its market development.

Process improvement: When addressing process improvement, Walmart's development in the technology or boost the technological development helps to reduce the cost of the product and improve the quality of the products. For example, it is mentioned in an article that "Walmart announced it would begin offering several of its own technologies and capabilities to other businesses and brands seeking to serve customers better as they increasingly shop across digital and physical storefronts. As part of this effort, Walmart also announced a strategic partnership with Adobe to integrate Walmart's Marketplace, online and in-store fulfillment, and pickup technologies with Adobe Commerce, a leading commerce solution for merchants and brands. Through the Adobe Commerce platform, retail businesses will be able to use Walmart's unique cloud-based services to offer seamless pickup and delivery to their customers. Businesses will be able to reach new customers on Walmart's fast-growing Marketplace, where they can leverage Walmart's Fulfillment Services to offer 2-day shipping nationwide. The partnership with Adobe to offer these capabilities will help businesses of all sizes improve their customer experience while operating more efficiently" (Walmart To Offer Technologies and Capabilities To Help Other Businesses Navigate Their Own Digital Transformation, 2021). With this in mind, finding innovative ways to incorporate tech with operational processes contributes to the company's ability to grow and remain profitable.

In regards to the development of people, it is enhancing the skills of the employees through training and development that aids in strengthening the individual's capacity and advances Walmart's productivity. For instance, some benefits of employee development include the following:

"Attract Great Employees: A robust employee development program will attract top talent. People who are good at what they do are drawn to companies that invest in them. Employee development becomes part of your benefits package. It shows that you are a competitive company looking to hire people that are willing to work hard for you. It shows that you, as an employer, care about the people who work for you.

Improve Employee Performance: Your business's bottom line can be boosted by investing in employee development. Good training means that employees do work better, so they perform properly. As an employer, you can help your employees to get better outcomes, improve their performance, and boost their bottom line through employee development. Your company's output will increase with a better-trained workforce. Employee development can only improve performance if companies determine the underlying causes for underperforming employees. How is poor performance caused by employees' failure to do something specific? After identifying these failure areas, you can develop employee training programs that address those particular actions or processes and give them to your team.

Improve Skills and Knowledge: In the end, better employee development plans result in better skills and knowledge among your workforce. Creating a work environment that is conducive to success is the result of all these factors. A company's success is directly related to the success of its employees. It is essential that companies evaluate their workforce and determine where they fall short so as to maximize the benefit of this benefit. Following this, they must develop strategies for addressing these issues. Individualized and targeted professional development contributes to the overall success of an organization by improving the team's skills and knowledge specifically where they are needed" (Reasons to Invest in Employee Development, 2020).

Walmart delivers Free returns and pickup on online orders, which helps in reducing the time of the delivery as well as it also improves the service quality of Walmart. But, an approach Walmart could use is to partner with Lyft and Uber. By doing this, they can expedite their delivery services by allowing customers to order a product that's available at one of their nearby locations and use Lyft and Uber to deliver on the same day. This could open up a new market and create new jobs for which could potentially become high demand. All in all, an approach like this could help the company stand out competitively.

Conclusion

Lastly, some key performance indicators (KPI's) to measure performance over time include inventory accuracy, on-time delivery, average days late, order accuracy, perfect order rate. Ways to improve one's key performance indicators include:

1. Spend time planning for KPI implementation: Establish who needs to be informed about the metric or indicator and what information they need to know. Who is affected and who has the ability to influence the KPI. Provide concise explanations of the metric's intent.

2. Limit your focus to 10 indicators or metrics or less at each level of the organization: The focus should be on a shortlist of key indicators, regardless of how many indicators you track in your EAM/CMMS. There is nothing wrong with creating a list of key performance indicators and monitoring them. Ensure organizational understanding of your key performance indicators. Use the common indicators to monitor your results.

3. Manage behaviors, measure results: It is essential that you identify the behaviors that need to be changed and that you engage directly with those individuals. Make certain that your indicators correspond to those organizational changes.

4. Cascade indicators down from corporate goals: In case your primary indicators are not aligned with your corporate objective, there will be confusion within your organization. Indicators must be developed from the top down for the process to be effective.

5. Leading versus lagging indicators: In order to drive a car, you do not rely solely on your rearview mirror. Utilize indicators that provide you with more information than just what you have accomplished. This will provide you with a better understanding of what to expect in the future.

6. Use your metrics to ensure the truth: Most of the time, the indicators are paired with a number of other indicators that function as a check and balance. Using this procedure, you can use one indicator, and if there is a doubt about the validity of the number, you can check using the other indicators (Plant Engineering | Ten tips to immediately improve your key performance indicators, 2015).

Overall, when measuring key performance indicators and improving them, Walmart can use the mentioned steps to ensure that a solid strategic plan is properly designed.

*The end of the Wk 4 analysis.*

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