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Consider your own business or the business you are planning to set up. If you do not have a venture of your own and if you are not intending to start one either, you can also take e.g. family business...

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Consider your own business or the business you are planning to set up. If you do not have a venture of your own and if you are not intending to start one either, you can also take e.g. family business as an example. The purpose of the analysis is to analyze the current networks of the venture and systematically map the relevant actors in your sector as well as analyze the regional characteristics of the entrepreneurial ecosystem.

-> analyze the current networks of the venture by using some network indicators provided in the material

-> consider the sector of the business

• what are the key characteristics?• what are the key players in the field?

-> consider the entrepreneurial ecosystem in the region

• what are the key characteristics?• what are the key players in the field?

Please utilize the frameworks given in the the materials and illustrate your findings by using them. You may study the topic completely based on materials available in the Internet and other public sources. If you wish, you may also interview key actors e.g. representatives in the organizations providing knowledge and resources for early stage ventures, incubators, co-working spaces, universities. If you decide to do interviews, please remember the social distancing and prefer virtual meetings during the times of the pandemic.

Answered 6 days AfterFeb 21, 2022

Solution

Insha answered on Feb 28 2022
76 Votes
Running Head: ANALYSIS OF A BUSINESS VENTURE                      1
ANALYSIS OF A BUSINESS VENTURE                             5
ANALYSIS OF A BUSINESS VENTURE
Table of Contents
Introduction    3
Overview    3
Cu
ent Networks of the Venture    3
The Entrepreneurial Ecosystem    4
The Sector of the Business    4
Key Actors    5
Investors    5
Customers    5
Employees    5
Suppliers    5
Regional Characteristics    6
Conclusion    6
References    7
Introduction
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.
Overview
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.
Cu
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...
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