Insha answered on Feb 28 2022
Running Head: ANALYSIS OF A BUSINESS VENTURE 1
ANALYSIS OF A BUSINESS VENTURE 5
ANALYSIS OF A BUSINESS VENTURE
Table of Contents
ent Networks of the Venture 3
The Entrepreneurial Ecosystem 4
The Sector of the Business 4
Key Actors 5
Regional Characteristics 6
I am planning to set up a franchise of WalMart. This paper will analyse the network, sector and entrepreneurial ecosystem of the venture. Further, it will be discussed about the key actors and characteristics of all the aspects.
Sam Walton created the corporation in 1962, and it was incorporated on October 31, 1969. Walmart has “10,593 shops and clubs in 24 countries as of January 31, 2022, operating under 48 distinct names”. According to the Fortune Global 500 list for 2020, it is the world's largest firm by sales, with US$548.743 billion. Walmart's sales in the United States accounted for “65 percent of its total revenue of US$510.329 billion” (Cao, 2021).
Walmart's international ventures have yielded varied outcomes. It has successful operations and subsidiaries in China, America, Canada, and the United Kingdom, but its initiatives in South Korea, Germany, and Japan have failed, Cao (2021) further added.
ent Networks of the Venture
Walmart's existing retail and distribution network in the United States is huge, with “783 million and 146 million square feet respectively as of Year-End 2021, for a total of 929 million square feet”. To put this in context, Central Park is 39 million square feet, thus this is nearly 24 Central Parks. We looked at Walmart's distribution network in order to calculate a number of critical ratios that compare retail store square footage to distribution centre square footage (Isenberg, 2011).
Walmart now has a 35.0 million square foot countrywide network of food distribution hubs in the United States. The average full-line food distribution facility is “850,000 to 1.0 million square feet in size and employs 750 to 800” warehouse workers (Mounika, Sahithi, Grishmi, Sindhu & Ganesh, 2021). The food distribution networks of Walmart and Sam's Club have merged over time to capture synergies for logistical cost-cutting objectives, particularly on the perishables side of the business.
Walmart has installed high-rise stack cranes that store incoming pallets automatically. Restock multi-level picking modules where traditional voice directed picking to a double pallet jack or pick to belt is done. One of Walmart's issues is that it is such a...