Market development strategy

  1. Using your analysis of the strategic plan from the Wk 2- Strategic Plan Research assignment, complete the following:
    Analyze in 350 to 525 words the:

    Recommend initiatives to support your objectives to improve the strategic plan.
    Identify ways to adapt to the changing business environment.
    Submit your assignment.RubricWeek#4 – Rubric1. Purpose of the strategic plan (13%) 2. Key objectives – Explanation of core values, ethics, and social responsibility principles (12%)3. Market development and how your ideas fit – Marketing Plan & target? Market strategy, implementation, and monitoring –(what part of your SWOT analysis (from week#2, will your market plan target?) (20%)1. Process improvement-Work Flow / Training/Production/Scale-up (20%) Process improvement-Work Flow / Training/Production/Scale-up Product/service – How do you deliver? Is there a way to improve quality over time to differentiate? (10%) 7. Development of people-HR/Labor Needs/Skills/Policies (10%)5. Strategic objective AND Metrics for measuring the success of strategic plan(10%)8. Mechanics & grammar(3%)9. Information literacy(2%)-referencesTOTAL 25 points

Requirements: meet requirements

Answer preview

The key objectives of Walmart that will support its strategic plan are upholding its core values, code of ethics, and social responsibility. The organization’s core values are defined based on its culture, which is to deliver superior customer service and improve performance, thus saving customers money. The code of ethics for this organization is to always act with integrity. The company expects all staff members to adhere to the ethical rules of honesty, fairness, respect, diversity, and prompt report of violation of ethics. The social responsibility principles at Walmart include enhancing sustainability through community support and environmental protection (Meeks and Chen, 2016). The core values, code of ethics, and social responsibility principles will help Walmart minimize carbon dioxide emissions, divert waste materials, and compensate its employees adequately.

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