Question: Develop a strategic business plan for Walmart to determine the probability of success, and to prevent the company from expending valuable resources on a plan
Develop a strategic business plan for Walmart to determine the probability of success, and to prevent the company from expending valuable resources on a plan that was not properly designed. Share your strategic business plan with stakeholders to solicit their approval of your strategic business plan.
Include the following:
An introduction with mission and vision statements
Core values, ethics, and social responsibility principles
An analysis of the company's:
Internal environment (e.g. strengths and weaknesses related to resources, trademarks, patents, copyrights, or current processes)
External environment (e.g. opportunities and threats related to market trends, economic trends, demographics, or regulations)
An evaluation of the internal and external environment's impact on achieving the company strategy
A strategic objective for the company
Short- and long-term goals for achieving the company's strategic plan
Determination of methods for collecting data and measuring success of the strategic plan
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