Evaluation of Walmart Corporate Strategy

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RECOMMENDATION

- The company whistle blower system should be strengthened and individuals involved should be adequately protected.

- There should be more shareholders participation or involvement in the nomination of directors

- The company should increase the number of women representation to portray gender diversity

- Tenure of board of directors should be limited to 3yrs to ensure effective mix of deep company knowledge and fresh perspectives.

ANSWERS TO STRATEGIC AUDIT QUESTIONS

ITEM IA (STRATEGIC POSTURE)

- Yes they are clearly stated

- Walmarts store inc specialize in general merchandizes with discount stores, supercenters and neighborhood market.

- Walmart mission “to help people save money so they can live better”

- Walmart objective is “winning the future of retail – one customer at a time”

- Walmart strategies are as follow

- Price: the company is focused on expanding everyday low prices to more markets globally. to deliver leadership walmart continue to underscore everyday low cost through improvements in supply chain, processes and other efficieneces

- Access: the company is investing globally to improve mobile capabilities and test alternative access

- Assortment: customers increasingly want more variety and walmart provides mechandize, desirable national brands and great private label options

- Experience: walmart is investing in increased associate wages, training and developing, which it believes will also improve the store and club experience for customer.

- Conflict of mineral policy, walmart coupon policy, farm animal policy, global anti corruption policy, government relations policy, online price match policy, palm oil policy, pilot and video use policy, private policy, return policy, sea food policy, social media guidelines, sustainable chemistry policy, walmart statement of ethics.

- Yes

ITEM IIA (BOARD OF DIRECTORS)

- The board is composed of both internal employees and external members

- Yes

- The stock is publicly traded

- Yes

- Executive leadership, expertise in retail, global international business, technology and commerce, marketing brand management, or public relations, finanace accounting and financial reporting, regular or legal

- Yes

- Yes

- Average year of board members service is 7.3 years

- They actively participate and suggest future directions, they also evaluate management proposal in terms of environmental sustainability

ITEMIIB (TOP MANAGEMENT)

- They are employees of the company, with relevant experience and extensive exposure

- Business development, Executive, marketing and operationalroles.

- Yes

- No idea

- Yes

- None

- they were all promoted

- yes

- active

- planning and interaction is across level, top managers, lower level managers and board of directors are all involved

- yes

- yes

- No

- yes

Bibliography

Annual report and proxy. (2015, june 5). Retrieved july 25, 2015, from walmart store inc: http//www.corporatereport.com/walmart

corporate. (2015). Retrieved july 25, 2015, from walmart: http:corporate.walamrt.com

corporate governance. (2015). Retrieved july 24, 2015, from investopedia: http:http://www.investopedia.com/terms/c/corporategovernance.asp

Executive summary. (2015, june 5). Retrieved july 25, 2015, from walmart : http:corporatereport.com/walmart

Leadership. (2015). Retrieved july 26, 2015, from walmart: http:http://corporate.walmart.com/our-story/leadership

(2012). In J. H. Thomos L.wheelen, Strategic management and business policy toward global sustainability (pp. 45-61). New Jersy: pearson.

Vast mexico bribery case hushed up by walmart ater top level struggle. (2012, march 22). Retrieved july 24, 2015, from the New York Times: http:http://www.nytimes.com/

Walmart at 50:A crisis of governance guidelines. (2012, April 7). Retrieved July 24, 2015, from huffington post business: http:http://www.huffingtonpost.com

Wal-Mart Bribery Case Raises Fundamental Governance Issues. (2012, april 28). Retrieved july 24, 2015, from havard law school on corporate governance and financial regulation: http:http://corpgov.law.harvard.edu