Results
Staples provide their customers with the information on how they’re doing for each of these strategies. They have graphs like the ones I post above. This shows how Staples is achieving their goals slowly. I have presented graphs early in this report that shows some of their progress that they have had. I think that providing this information in a graph as the years go by is a great way to see what is going on. Lets them be able to look at the information and figure out why something happened the way it is.
Yes the company does seem to be achieving its objectives. Look at the report that is attached to this post. These give the information on their progress and what they are doing. Like I talked about before the graph show their achievements
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Strategy Analysis and Choice
Green Vision Goal
I picked the green vision as Staples biggest strategy, because I know were moving into a world of going green. I feel this is a strong goal for Staples as well. It seems like they make a big deal about it on their website and how they are want get the community involved. I think that it is important and the Staples can do it as long as their get their customers on board. Staples could host a day were people can bring all their stuff in a once and maybe offer an incentive for bring it in. I know I have someone like a big trash day that people always bring stuff to because they get paid for it.
Setting something up with the schools is always an option because schools that are K-12 normally get lots of recycle ideas and events going for the kids to get in. Start small and go bigger. I know there are companies that recycle school ideas.
I want to talk about the weakness Staples has as well to the Green Vision strategy. I feel that there are some small strategies that they want to reach and how they could reach them in my recommendations
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Not everything they do it green and they need to make sure that if they want their customers to go green they can prove they can too. They have started to change the operations and bringing in new items that are green.
Strategy Implementation: Action Plan
Changes in Staples
Staples is going to increase their competiveness when they merge with Office Depot is complete. They will be the only store that is specialized in office supplies. This gives them the upper vantage to get the new ideas and be able to supply them for cheaper because they wont have to up the prices because of someone around them. Going green will help them for the people that care for the environment. Not to many stores like Wal-Mart and Meijer can go green, so having the option to help the environment is nice.
As far as this goal I feel that they are trying to open up their online stores more, becoming more like amazon and try to compete with them. With them trying to open online sales more they are trying to make their delivery faster for their customers that are ordering online.
• Strengthen Online Sales
The progress of CMC will be measured using dashboard and balanced scoreboard tools. This will allow the team to see where we are making progress, and what areas need improvement. Through this measuring and monitoring, we will be able to adjust the strategic planning as necessary for continued success of CMC. The projected results in the short term will be a slow and steady rise in net profit. The long term projected results have the optimal results of a net profit of over $60 million by the year
Wal-Mart should project a community friendly, environment caring and employee welfare seeking brand image to combat. Emerging threats. Investment in sustainability initiatives like solar energy and recycling could be possible opportunities.
The technology portion of their company has grown tremendously which has caused so much of their growth. In addition, they found the perfect formula to appeal to and retain customers. Most of their customers are loyal to their company and insist on sticking to their products. Their market capitalization, $639,922 million, is extremely high compared to other companies in their industry They returned about $8 billion to shareholders during their quarter. Also, their gross margins, currently at 38.01%, are high at passed by
Best Buy’s mission statement is “our formula is simple: we’re a growth company focused on better solving the unmet needs of our customers – and we rely on our employees to solve those puzzles” (bestbuy.com). The company has an objective to to provide the best technological products and service solutions to customers throughout its markets. Best also has as an objective to provide expert services to customers at prices that are described as unbeatable. The objectives also include the company having sustainable growth and earnings. The company marketing the products that is based on an operating model that is considered as customer centricity achieves the sustained growth and earnings. Best Buy uses a strategy that focuses on helping customers to be able to realize what they needed to stay connected with technology and the products that are desired. The company also spends time monitoring the needs of its customers, which
In regard to our conversation, I make a request to return a desk organizer and envelops close to a month. The order number is 159558999. After performing the necessary steps in the return processed, and talking to numerous Staple Advantage employees, a Renee Philips, and receiving this correspondence from, this issue has not been resolved, therefore, we appreciate a refund ($47.08) for the organizer immediately back to the credit card on file. I know it StaplesAdvantage policies to provide outstanding services ti its patrons. I have included a link from your website addressing Staples Advantage policies. Thank
Another problem that Wal-Mart faces is one shared by all people. There is a concern for the environmental well-being of the Earth. There is much press about corporations that have violated safe environmental practices. Their “receipt, transportation, handling, identification, recycling, treatment, storage and disposal” of hazardous material has been under scrutiny. Also their greatest associated environmental concern is urban sprawl. They have counteracted these problems by trying to become a greener company. They are working to reduce greenhouse
When it comes to the impact of the Five Forces of Competition and its effect on the performance of Staples and Office Depot, there does not appear to be a strong threat of new entrants in the big-box retail office supply segment of the industry. It seems unlikely that anyone will want to open a new office supply store. While there is a level of service differentiation between the two companies, there is little product differentiation between the two. Likewise, there would be little product differentiation from a new competitor. The threat of substitutes comes into play between Staples and Office Depot in that both companies offer basically the same products. If the customer can’t get what he wants at one store, he can go to the other. Likewise, if the customer becomes disenfranchised with one company for whatever reason, he can easily go to the other company. There doesn’t seem to be much bargaining power of customers or suppliers. There does seems to be a strong industry rivalry which, as with most industries, is the major determinant of the competitiveness of the industry.
As much as Walmart may care about the environment, they will not sacrifice some profit now in order to actually help it in the immense way they are able to. These large companies recognize that sustainability is good business, so why will they not actually change? Eventually, they will not have any choice. And by that point, it will cost millions more to reverse the damages. By looking at the environment through an economic lens, Walmart sees the importance of changing but also that the monetary value of changing is not as great as the monetary value of continuing on as they are. Despite already being the largest corporation in the world, Walmart continues to add more harm to the environment because they are still not satisfied with their
Perhaps this is giving Walmart a free ride in the media/marketing as being sustainable without any parties doing their due diligence to verify the actual numbers. As Senge explained, perhaps “Walmart is using going green to offset negative press for treatment of its employees” due their recent lawsuit losses and settlements (Senge, 2010, p. 114). Although Walmart should be commended for its sustainability portfolio, I believe the results of their goals need to be looked at from proportional aspect as well as how/where Walmart sources their products.
Looking at Staples current performance in the past year, we will look at three things: return on investments, market share, and profitability.
Competitive advantage can be defined as a means by which a firm manages to keep making money, add value by providing distinct products and sustain its position against its competitors. Wal-Mart Stores Inc. is one of such companies in the retail sector that has achieved sustainable competitive advantage over a period of time. ¬This report focuses on how Wal-Mart has achieved competitive advantage by adopting cost leadership strategy and providing consumer goods at lower prices. The report also discusses how Wal-Mart is taking lead on environmental sustainability by investing in solar power plants, offering environment friendly products in its various stores and encouraging recycling of different products. Wal-Mart’s strategies
(4) Absent any resource constraints, which of the four departmental directions do you think is the most viable? Which is the second best strategy? Which is the least viable? In my humble opinion the most viable option would be to follow Eric Stanger’s advice to go ‘back to basics’. In order to underwrite the new line of LR trademark and experiment with more new products, they had in effect been milking the OM lines. Their price increase on several of our more critical items had outpaced those of their key competitors, in order to always deliver more bottom line profits. They had shaved their A&P budgets for the same purpose and this was resulting in slippage in value and trust among our consumer franchise thus the declining sales and share. They thus needed to cut on
The key to sustainable business is ensuring that the company’s strategy proportions are aligned (Kim, W.C & Mauborgne, R, 2009). Caterpillar Inc. has been in existence since 1925 and the company has faced its fair share of turmoil. The current global challenges coupled with a stronger dollar make it difficult for any organisation to operate but Caterpillar continues to outperform the competition. The key to the company’s success is its strategy execution supported by an unmatched distribution network.
Wal-Mart also has a green goal. It claims that their environmental goal is to be supplied 100 percent by renewable energy, to create zero waste and to sell products that sustain our natural resources and the environment(Wal-Mart website 2008).
Their stores were also designed with the environment in mind, even though there had been no directive to do so from the executive level. These initiatives, as well as their more environmentally friendly manufacturing practices, such as using rail for shipments instead of trucks were, very much in line with the company’s corporate philosophy and culture.