Strategic Management and Strategic Competitiveness Assignment

Strategic Management and Strategic Competitiveness - Assignment ExampleThus, strategical battle can be regarded as a consequence or outcome of effective strategic management from a critical viewpoint. Undoubtedly, strategic management and strategic competitiveness are two fundamental attributes which are essentially required by modern day organizations to achieve as well as stimulate in the leadership position. From a broader perspective, these two concepts can be identified as based various factors or managerial elements such as organisational vision, mission and its business administration strategies to name a few (Hitt, Ireland & Hoskisson, 2010). Based on this particular notion, the aim of the discussion henceforth will be to conk out the strategic competitiveness and the efficiency of strategic management process as practiced by Wal-Mart Stores, Inc. (Wal-Mart) in its regular business operations taking into fib the effects of globalisation and technological alterations in i ts international industrial context. Effects of Globalization and Technology on Wal-Mart One of the positive effects led by globalization which is identifiable in relation to Wal-Mart has been the exposure to worldwide consumer commercialize. It can be stated in this regard that globalization has provided a noteworthy stretch to Wal-Mart in terms of cost leadership advantages. It is worth mentioning in this regard that owe to the cost efficient market structure of Wal-Mart in its home country, the community had been able to market its products at a competitive price in the global consumer market. In other words, this globalization effect regulated a counterpoise for permitting the expansion of quality products at a much lower rate in the global markets context which proved to be of great benefit to Wal-Mart (Kutztown University of Pennsylvania, 2005). However, globalization also raises certain negative implications which are commonly identified in terms of increased competition and significant influence of governmental interventions. It is worth mentioning that owing to such influences, Wal-Mart also had to face certain disruptions in its strategic management processes in performing the responsibilities of Corporate Social Responsibility (CSR). Wal-Mart also had to witness significant challenges in relation to the diversity of cultures and market structures prevailing in different economic contexts all around the world. This can also be regarded as a vital challenge imposed by globalization effects upon organizations (Geref? & Christian, 2009). The effects of technology, in the similar context, can be considered as an important determinant which tends to impose significant impacts on the productivity of the retail outlets of Wal-Mart. Concerning todays ever changing scenario, it can further be stated that the global retail market has been significantly influenced by the technology advancements. In relation to Wal-Marts strategic management initiatives in the global marketplace, can be observed as super influenced by the technology effects. For instance, the company has been able to confirm efficient customer supply and almost accurate identification of the consumer demands. Technology has also played a vital role in increasing the efficiency of the overall business operations practiced in Wal-Mart