Business report Essay Example | Topics and Well Written Essays - 2500 words - 1

Business report - Essay Example Walmart’s leadership is often attracts criticisms for visionless business strategies. Debate about the replacing of present CEO is going on. Walmart’s failure to incorporate technology properly with the supply chain operations is bringing lot of criticisms. In any case, business practices in Wal-Mart are undergoing microscopic examination at present. In short, Walmart’s business practices need lot of modifications. This business report critically analyses Wal-Mart’s business practices and provides recommendations to improve it. Founded in 1962 by Sam Walton, American based Wal-Mart is the largest retailer in the world at present. Retail revolutions were taking place in America in the 60’s and 70’s and Sam Walton exploited the opportunities very well with the help of innovative business strategies. â€Å"Sam Waltons strategy was built on an unshakeable foundation: The Lowest Prices Anytime, Anywhere. As of 2012, the company employs 2.2 million associates worldwide and serves 200 million customers each week at more than 10,000 stores in 27 countries† (Wal-Mart: History timeline, 2012). Despite of unfavorable market conditions, Wal-Mart was able to maintain its growth in recent years also. â€Å"Net sales increased by 5.9 percent to $443.9 billion, and consolidated operating income grew by 4 percent to $26.6 billion in 2012† (50 years of helping customers save money and live better, 2012, p.3). (See appendix 1 for more details about Wal-Mart’s performance in last 50 years). It should be noted that global markets are currently going through a bad patch because of the ongoing recession problems. Yet, Wal-Mart seems to be less affected by these problems. Even though, Wal-Mart’s published financial results in recent times are extremely good, many people believe that the company is facing too many strategic problems at present. It is believed that