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Organizational Ecosystem Case Study:
Business Ecosystem:
Business ecosystem is a strategic planning framework through which an organization's stakeholders work through cooperation and competition to enhance products' sales. The main stakeholders included in this framework are suppliers, distributors, and customers. In some cases, business ecosystem is considered as a network of interlinked firms that includes suppliers and distributors who work together towards supplying or harmonizing the main components of value proposition. The value propositions are mainly centered on providing benefits for customers through the products and/or services.
The development of an organizational system that is centered on a core product usually enhances the value of the product to the user, which in turn contributes to increased use of the product. Notably, business ecosystems contribute to the emergence of strong entry barriers for new competitors since they can only enhance or duplicate the existing core product in the market. Moreover, the new entrants must compete against the existing network of suppliers that form the system. However,...
All businesses function in an ecosystem since they focus on introducing, enhancing, or duplicating the existing core products and services in the market.
Wal-Mart's Ecosystem:
As a leading firm in its industry both locally and internationally, Wal-Mart has continued to adopt necessary measures to promote and enhance the success of the company, particularly in its ecosystem. Given the diverse nature of its business practices, Wal-Mart has developed into a leading company in its industry because of its approach to its business ecosystem. One of the approaches that the firm has undertaken towards its ecosystem is through its procurement system and emphasis on increasingly specialized stores in the recent past. The procurement system has been developed based on the ecosystem to enhance organizational performance and its operations within its network.
In essence, Wal-Mart's procurement system and focus on more specialized stores have played a crucial role in the…
references, which are incorporated in the production processes. Third, an ecosystem provides the basis through which core products are developed in ways that they increase value to the user and increase the scope of usage.
However, the disadvantages functioning in an ecosystem with regards to innovation and creativity include the fact that an organization's production processes are sometimes limited to the existing core products. In essence, a firm is sometimes forced to consider developing its products to either duplicate or enhance the existing core products. This implies that all product development initiatives of an organization are based on existing core products instead of creativity and innovation. Secondly, an ecosystem makes it difficult for an organization to improve value propositions for users of its products. This is primarily because some users determine the value of their products in comparison with the value of core products.
Wal Mart is a global leader in retail supply chain management, logistics, operations, fulfillment and transportation services. The efficiency and profitability of the WalMart supply chain operations globally have set a new standard in their industry and often been used as the basis of comparing performance of supply chains in related industries as well (Stevenson, 2009). What has contributed to the rapid growth of WalMart however has been the acquired
Wal-Mart Corporation Mission and Vision Statement Analysis Linking Wal-Mart's Mission and Vision to Their Strategic Goals ands Objectives Assessing the Link Between Wal-Mart's Financial Performance And Its Strategic Goals Wal-Mart Competitive and Marketing Analysis Wal-Mart Marketing Analysis Selecting An Appropriate Strategy (low cost, differentiation or niche) For Maximizing Organization's Return on Shareholders Potential Wal-Mart Merger & Acquisition Strategy Incentive and Reward Strategies for Wal-Mart Employees Evaluating How Current Strategies Define Ethicacy Levels at Wal-Mart Wal-Mart Ratio Analysis Income Statement Analysis,
Wal-Mart Stores, Inc. Comprehensive Analysis of SEC form 10-k and the DEF-14A Proxy statement Contents 1. Background 1 2. Walmart’s Business Strategy 3 3. Stakeholder Evaluation 4 3.1. Internal Stakeholders 4 3.1.1. Shareholders 5 3.1.2. Board of Directors 5 3.1.3. Management 5 3.1.4. Employees 6 3.2. External Stakeholders 6 3.2.1. Retail Industry 6 3.2.2. Competitors 7 3.2.3. Customers 8 3.2.4. Suppliers/Vendors 9 3.2.5. Government Agencies 9 3.3.6. Communities 10 4. SWOT Analysis 10 4.1. Strength 10 4.2. Weakness 12 4.3. Opportunities 12 4.4. Threats 13 5. Conclusion 13 References 14 1. Background Wal-Mart Stores, Inc, hereby
Business Ecosystem The concept of a "business ecosystem" sprung from the idea and eventual development of a business environment that is dependent on entities and organizations outside of the business' structure and systems. It is also inevitably linked with Internet and computer technologies (ICT), as information sharing is the core from which the business and its network of organizations/entities collaborate and work together (Iansiti and Levien, 2004, p. 3). From the
Professional Progress My professional progress: I am the Manager, Retail Management, Wal-Mart, San Francisco. I joined this branch when it was newly launched in San Francisco about two years back. I have served the Wal-Mart group in several cities of USA. With little over two decades of retail management experience, in my core roles as Manager, Retail, I have also been associated with traditional marketing roles like public relations, advertising. I was
Bronfenbrenner's four systems consist of microsystems (i.e. nuclear family, neighborhood, schools, etc.); mesosystems (i.e. The specific connections between the individual and microsystems); exosystems (i.e. external environment and circumstances such as the work experiences of the parents); and macrosystems (i.e. The larger elements of society such as national culture and political climate). The additional (fifth) system is the chronosystem (i.e. The long-term patterns that describe the lifetime experiences of the individual