[SOLUTION] Utilization of Emerging Technologies
Internal factors affecting the businessFactors which impact Walmart’s strategic decision-making include the internal relationships with the company workforce, the human resources, labor-management, the Company plans, and policies, not forgetting its corporate image. Its formal structure plays a crucial role in motivating the employees towards a common Purpose and developing a unified vision and mission statement (Hong, 2011). The Company’s internal environment is characterized by smoothened communication through the utilization of emerging technologies. We cannot understate the company culture of focusing on excellence and enhancing the customer utility, coupled with an endeavor to create an enabling environment that enables the company employees to give their best (Neebe, 2020) As the Company hires the most talented employees, the workforce can influence the firm’s strategic decision making; the Company developed an innovative and creative environment coupled with enhancing efficiency in operations. The Company’s organizational structure is flexible enough to maneuver in the rapidly changing business environment, especially in the technological evolution and changes in the customer demands, enabling the Company to make rapid changes whenever needed (UniqueWritersBay, 2014). The business’s role of financial and physical assets is critical in giving it a competitive advantage over the competitors as it can maximize any emerging opportunities and invest in strategies that call for massive capital, unlike the small Enterprises. The company management guarantees that its internal environmental factors, including the employees, the business assets, and management decisions, align with the business Vision and make positive contributions to the Company’s strategies.Another internal environmental factor influencing Walmart’s strategic decision-making can be attributed to the corporate structure (Neebe, 2020). It should be understood that Walmart Company was structured into three major business units that is Sams Club, Wal-Mart Stores USA as well as Walmart international. Although Walmart is a public corporation, most of its stock is still under Walton family members, which means their family members, are highly involved in top-level alongside corporate and decision-making, among other critical functions.