Competitive Advantage Of Walmart

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Information Systems are composed of people and computers that processes or interprets information while Information Technology is all about managing these technologies, making them useful for the advancement of business. They are both needed to produce what’s best for the business. According to the Business Dictionary, a strategy is a [1] “method or plan chosen to bring about a desired future such as an achievement of a goal or solution to a problem”. IS/IT has many pressures and it comes from shareholders, customers, suppliers, rival competitors and other factors in the organization's external environment. Therefore it needs to gain the competitive advantage to improve its planning, designing, operations and performance to ensure that…show more content…
This conglomerate has set itself apart from its rivals in the business such as Target by using strategic plans to ensure sustainable competitive advantage by using CSF tools like SWOT, PESTLE and Five Forces Model which would be discuss in detail later. Walmart focuses on the global market and embraced new technology to manage and organize their business processes to improve their performance and productivity. They invested heavily in a cross-docking inventory system which helped them to achieve economies of scale, to reduce cost and in its infrastructure where quick response can be achieved with changing demand, still satisfying the customer. Any company using IS/IT Strategies will have better communication with proper management indicators of the objectives and goals amongst branch managers and staff. Different concepts would be specified and would reach their staff by…show more content…
PESTAL is another tool used for CSF - an acronym for Political, Economic, Sociocultural, Technological, Ecological and Legal shows that the external factors in the company’s remote or macro-environment which generally present opportunities for the business. Another technique used is scenario planning. [5] Scenario planning is a “strategic planning tool used to make flexible long-term plans. It is a method for learning about the future by understanding the nature and impact of the most uncertain and important driving forces affecting our
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