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Strategic leadership2 - Essay Example

In contrast, a value network is a business assessment point of view that illustrates technical and social resources between and within businesses. The intersections in a value network signify individuals (Bradley 2005, p. 26). The intersections are linked by associations that signify intangible and tangible deliverables. These deliverables may be in the form of financial value or knowledge or other intangibles (Maed 2005, p. 53). In addition, value networks signify interdependence. They represent the total worth of services and products (Morrill 2007, p. 31). This paper will look at how well Wal-Mart managed their value chain and value network. For Sam Walton, Wal-Mart’s founder, satisfied customers and low prices were the governing standards to retailing success (Sanders 1998, p. 45). Sam Walton emphasised on providing quality products at daily minimal prices, combined with the provision of pleasant services. This pushed Wal-Mart to its present situation as the largest retailer in the whole universe. Currently, the organization utilizes the identical standards to determine the value of every innovation it takes into account (Merritt 2008, p. 91). The value chain and value network of Wal-Mart increased due to their expansion into foreign markets. Wal-Mart has efficiently managed their value chain and value network. ...
46). Wal-Mart adequately managed their value chain and value network by realizing the significance of being unique from its competitors. From the initial stages, the management

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of Wal-Mart decided to a dissimilar set of clients in a dissimilar set of markets (Peng 2008, p. 92). Wal-Mart chose to establish fairly sizeable stores in regions that were being ignored by their rivals. The organization searched for areas that were isolated, with a few number of individuals. This was also an easier task considering, Sam Walton, the founder of the organization, was well aware of the territory (Adair 2003, p. 73). He also spent a large amount of his time in Wal-Mart stores, and making random visits to distribution centres and stores to ensure customers are properly served and satisfied. In addition, the organization’s management, employed homespun business knowledge and folksy charm with progressive supply-chain and information technology management (Walton 2009, p. 553). This ensured Wal-Mart sufficiently managed their value chain and value network (Freedman 2004, p. 81). In addition, Wal-Mart properly managed their value chain and value network by expanding and providing a large number of commodities and services, for instance, health clinics, groceries, financial services, fashion clothing, online prescription drugs, and music downloads. This was meant to provide significant services or products for the market (Mullen & Stumpf 1992, p. 38). Wal-Mart also utilized sizeable size with quick responsiveness and speed towards customers. In addition, Wal-Mart leaders utilized technical and social resources within the business by establishing their individual discount store idea. The organization consistently tried out a number of retail designs (Steger 2010, p. 65). The
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  Strategic Leadership 2 Name: Institution:       Strategic Leadership 2 A value chain refers to a sequence of events that an organization functioning in a specified sector undertakes so as to provide significant services or products for the market…
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