Individual Case Study Assignment (4,000 words) Business Synoptic Essay

Individual Case film Assignment (4,000 words) Business Synoptic - Essay Exampleook at the use of the supply chain heed by Wal-Mart to enhance not only its competitive dodging but also its strategic care news report approach. This is achieved by improving efficiency, having faster distribution and maintaining quality fresh merchandise in in all the regional operations.As illustrated in the case study, Wal-Mart has devised two distinct strategic worry approaches that are interlinked and because compatible to the firms overall strategy as set by its founder surface-to-air missile Walton of providing high quality products at affordable prices. These take competitive strategy and strategic management history (SMA). There are four major elements involved in Wal-Marts strategic management approach. These include situation analysis, strategy formulation, implementation and evaluation (Bivens, 2006). A companys main competitive strategy is generally based on devising methods that ca n bring about a competitive vantage to its market segment (Johnson et al, 2006, Pg.242).On the other hand, SMA is concerned with providing and appraising a company with purloin accounting information on its business operations as well as its rivals that can be employ strategically in decision-making. According to the Chartered Institute of Management Accountants (CIMA), management accounting is the process of identification, measurement, accumulation, analysis, preparation, reading and communication of information used by management to plan, evaluate and control within an entity and to assure appropriate use of and accountability for its resources (Caplan, 2004, Pg.1).Irwin and Clark (2006, Pg.2) identify Wal-Marts effective utilisation of cost-saving technologies and advanced supply chain management is one of the key elements in the firms enviable growth. They also cite Wal-Mart global strategy, which has assisted the firm in its expansion, ease of trading, and technology. Wal-M art is able to effectively utilise its efficient