Best Practice Companies in Best Practice Companies in Global Strategic Global Strategic

ManagementManagement

Craig W. Roggow

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IntroductionIntroduction

Strategic management is among the most Strategic management is among the most significant perspectives for business entities.significant perspectives for business entities.

Strategic management encompasses Strategic management encompasses all all operational aspects within an organization.operational aspects within an organization.

The exemplary frameworks for global The exemplary frameworks for global strategic management have been influential strategic management have been influential in the success of Wal-Mart and PepsiCo.in the success of Wal-Mart and PepsiCo.

Objects of this Objects of this ProjectProject

Identify what these best practice companies do within global strategic management.

Define the similarities between Wal-Mart and PepsiCo.

Describe major differences between Wal-Mart and PepsiCo.

Critique Wal-Mart and PepsiCo best practices.

Explain how to implement best practices.

Best Practice Companies: Best Practice Companies:

Wal-MartWal-Mart

An exemplary framework for recruitment An exemplary framework for recruitment and maintenance of employees.and maintenance of employees.

The fantastic human resource systems The fantastic human resource systems apply to all Wal-Mart outlets in the globe. apply to all Wal-Mart outlets in the globe.

Operations are streamlined through an Operations are streamlined through an effective inventory system.effective inventory system.

Best Practice Companies: Best Practice Companies:

PepsiCoPepsiCo Famed across the globe most notably for Famed across the globe most notably for

being Coca-Cola’s main competitor.being Coca-Cola’s main competitor. Its success in United States has been Its success in United States has been

replicated in other markets across the replicated in other markets across the globe.globe.

PepsiCo has a foothold in all continents.PepsiCo has a foothold in all continents. This exemplifies the firm’s extensive This exemplifies the firm’s extensive

involvement in international business.involvement in international business.

Similarities between Similarities between Wal-Mart & PepsiCoWal-Mart & PepsiCo

Both firms have been largely successful Both firms have been largely successful

in their respective fields.in their respective fields. Both companies have an expansive Both companies have an expansive

employee base that stretch across the employee base that stretch across the globe.globe.

The business strategy for both firms is The business strategy for both firms is characterized by a global perspective.characterized by a global perspective.

Differences between Differences between Wal-Mart & PepsiCoWal-Mart & PepsiCo

They have different approaches towards They have different approaches towards the implementation of technology.the implementation of technology.

They use employee reward and motivation They use employee reward and motivation schemes.schemes.

Different promotional/marketing strategies.Different promotional/marketing strategies.

Critique of Best Critique of Best Practices:Practices:Wal-MartWal-Mart

Wal-Mart has done incredibly well in Wal-Mart has done incredibly well in rewarding employees. rewarding employees.

The firm has excellent internal The firm has excellent internal management systems. management systems.

The company uses innovative technology The company uses innovative technology such as radio frequency identification such as radio frequency identification standards extensively.standards extensively.

Critique of Best Practices:Critique of Best Practices:PepsiCoPepsiCo

The global strategic management The global strategic management framework has various weaknesses.framework has various weaknesses.

The mechanism for technological The mechanism for technological integration has not been effective.integration has not been effective.

PepsiCo has not streamlined its PepsiCo has not streamlined its framework for human resource systems.framework for human resource systems.

Implementing Best Implementing Best PracticesPractices

The integration of all stakeholders is The integration of all stakeholders is extremely crucial.extremely crucial.

The use of the experience curve would The use of the experience curve would be beneficial.be beneficial.

A comprehensive cost-benefit analysis A comprehensive cost-benefit analysis framework would enhance framework would enhance implementation.implementation.

ConclusionConclusion

The exemplary frameworks for global The exemplary frameworks for global strategic management have been strategic management have been influential in the success of Wal-Mart and influential in the success of Wal-Mart and PepsiCo.PepsiCo.

As a major multinational entity, PepsiCo As a major multinational entity, PepsiCo has a foothold in all continents.has a foothold in all continents.

Wal-Mart’s strategy encompasses the Wal-Mart’s strategy encompasses the implementation of modern technologyimplementation of modern technology

Blog PostBlog Post

For a full report on this project please visit For a full report on this project please visit my blog post: my blog post: httphttp://mergerandacquisitionstrategies.org/bes://mergerandacquisitionstrategies.org/best-practice-companies-in-global-strategic-t-practice-companies-in-global-strategic-managementmanagement//

ReferencesReferences

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Brown, D. M. and Turner, P. (2008). Brown, D. M. and Turner, P. (2008). The admirable The admirable companycompany, , Profile Books Limited.Profile Books Limited.

Hill, C. W. and Jones, G. R. (2012). Hill, C. W. and Jones, G. R. (2012). Strategic Strategic management: An management: An integrated approach,integrated approach, Cengage Cengage Learning: Mason, OH.Learning: Mason, OH.

Ireland, R. D. (2009). Ireland, R. D. (2009). Strategic management: Strategic management: Competitiveness Competitiveness and globalization, and globalization, South-Western: South-Western: Mason, OH.Mason, OH.

Martin, T. F. (2010). Martin, T. F. (2010). Strategic management,Strategic management, South- South-Western: Western: Mason, Mason, OH.OH.

Roggow, C. (2013). Best Practice Companies in Global Roggow, C. (2013). Best Practice Companies in Global Strategic Strategic Management. Retrieved from Management. Retrieved from http://mergerandacquisitionstrategies.org/best-practice-companies-in-global-strategic-management/

Sadler, P. (2003). Sadler, P. (2003). Strategic management,Strategic management, Kogan Page: Kogan Page: Sterling, VA.Sterling, VA.

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