Strategic Management and Strategic Competitiveness Essay - 13

Strategic Management and Strategic Competitiveness - Essay Example This research will begin with the statement that the evaluation of strategic management frameworks and the identification of guidelines to highlight the degree of a firm’s strategic competitiveness have emerged as critical factors in assessing the future of the business with regards to the development of its corporate objectives and functioning in the long run. In a highly competitive business environment which is characterized by the growing influence of technology and a rise in globalization, value creation is a major consideration for firms which aim to transcend the influence of competitive forces. Considering this factor, the concept of strategic competitiveness can be applied to explore the issue as it focuses on the implementation of strategies for aiding the creation of value. The implications of strategic decision making are far-reaching such that the senior management must be able to demonstrate skills in prioritizing strategy and accordingly applying it to a given s cenario. By applying the example of Wal-Mart Stores, which is one of the leading retailers and public companies across the globe, this discussion focuses on understanding the impact of strategic guidelines on a business of such scale. The influence of globalization as identified within the context of a large-scale firm such as Wal-Mart is essentially linked with the understanding of how the application of the concept impacts the decision that a firm takes. Accordingly, the exploration of this concept involves examining the decision making and objectives of the company. As highlighted in the research conducted by Lavallee and Boyer, the influence and power of globalization with respect to Wal-Mart possesses the ability to shape external forces and define their impact on subsequent decisions.

Blaw Essay Example | Topics and Well Written Essays - 500 words - 1

Blaw - Essay Example As long as they had agreed in writing, it only means that the entertained should follow suit by paying for the service (Clarkson et al. 28). Parole Evidence Rule is not fixed just to parole or oral evidence. Under the rule, written agreements prior to the main agreement cannot be used to annul a latter drafted agreement particularly when it has been validated into a legally-binding written agreement. The disavowal that the concluding contract supersedes all the antecedent promises continues to give a pointer that indeed there was non-inclusion of furniture to the initially contracted terms. The second dimension indicates that whereas furniture is denotatively mentioned throughout the contract, a federal court may find that the provisions in the contract cannot be enforced because of vagueness. In other words, the terms need to be â€Å"reasonably certain† to effect enforcement. The same court can easily interpret the provision as an incipient agreement and seems promissory but were only meant to represent preliminary negotiations and had no legally binding connotations (Clarkson et al. 31). In an event where the court is able to determine that the provisions are unenforceable, it cannot determine the pricing due to the fact that the seller under no any legal obligation to undertake any terms of the provision. In other words, there was no obligation for the inclusion of furniture in sale agreement. In the future transaction where furniture is indeed included in the contract but the price is not, the court will not have to determine the price. In short, the court can only determine the price only when a service or good has in a way been consumed and cannot be returned in a similar condition with which it was sold. The same applies to its value which will have depreciated considerably compared to the time of sale. Such a situation will force the court to defer the pricing to