Wal-Mart A Progressive Success Story Essay Example | Topics and Well Written Essays - 1250 words - 2

Wal-Mart A Progressive Success Story - Essay Example The assignment therefore greatly enhanced my prior knowledge of diverse economic terms and models, thus ensuring there is more deeply entrenched in my mind. The assignment has, therefore, made me better comprehend the classroom learning to a more practical level. the research made me come to term with the real meaning of strategic management in regards to marketing strategies as well as being able to adequately read financial data to ascertain a company’s performance indexes both in the short term (quarterly or annually) and long-term (five years). The study was, therefore, a veritable learning curve for me. The study has mostly enhanced my problem-solving skills including sharpening my analytical skills as previously formidable financial terms like strategic management, turnkey ventures, franchising, comparative industrial analysis and performance indicators as well as other diverse financial terms like earnings ratios started to make sense. The module has also enhanced my communication and team building as I realized that the success of the firm is augmented by acquiring strategic advantages embodied by skilled human resources and efficient supply chain management. Bolles (1996) describes transferable skills as, ‘skills developed in one situation which can be transferred to another situation’. This module has just as the case study firm, transferred ‘core competencies to foreign markets’, likewise imparted these same competencies in my mind.