Company Selection and Sources
Walmart Company
The Company was started in 1945, and its headquarter is in Bentonville (Lu, 2019). It engages in the retail business and wholesale business and offers its services at low prices. The main goal is to save people money and help them live comfortable lives by providing products and services at a lower price. In 2010 the corporation introduced e-commerce business services that led to shifting to online retailing (Lu, 2019). The Company deals with merchandised products, which consist of grocery products and health care products, such as pharmacy, drugs, and optical services. The purpose of this paper is to describe issues faced by Walmart Company and how the problems hinder the Company’s efficiency.
Walmart’s Company’s main issues are associated with cyber-attacks, stiff competition from other retailers, risks related to suppliers, and failure to meet market expectations (Fund, 2019). The Company competes in the selling of merchandise products to customers, and the inability to respond to the competitive pressure may lead to poor financial performance. It sources its products from various countries and it expects them to comply with laws including product safety. The Company faces a challenge to identify a standard supplier who complies with the standard requirements. The Company relies on technology-based systems to offers services to the customers through online retailing, and it often faces system failure and cyber-attacks, which reduce the performance and denial of services (Fund, 2019).
The issues hinder the Company’s efficiency because the consumers require standard products and services that comply with the environmental laws (Fund, 2019). Inferior quality products and services break the trust of the customers, which could lead to low financial performance. Failure to address cyber-attacks and maintain digital platform security makes the Company suffer the loss of sales and damage its reputation.
In conclusion, Walmart Company faces issues such as cyber-attacks, intense competition from other retailers, risks associated with suppliers, and failure to meet market expectations. The issues hinder the Company’s efficiency because the consumers require standard products and services that comply with environmental laws.
References
Fund, I. M. S. A. (2019). 2019 Annual Report. https://digitalcommons.imsa.edu/cgi/viewcontent.cgi?article=1045&context=annual_reports
Lu, M. (2019). Evaluation of Financial Situation of Walmart Company. https://dspace.vsb.cz/bitstream/handle/10084/135576/LUM0006_EKF_B6202_6202R010_2019.pdf?sequence=1