Problem
Elaborate short and long term plans for Walmart - go in depth of each plan
I. Short Term Plan
i. Optimizing our brick and mortar stores. This includes developing strategies to increase sales and traffic, improving customer service and satisfaction, and enhancing our online presence.
ii. Enhancing our e-commerce capabilities. This includes improving our online presence and website, implementing new technologies to improve customer experience, and enhancing our capabilities for order fulfillment and delivery.
iii. Investing in our employees. This includes providing competitive wages and benefits, implementing training programs for current and future employees, and ensuring a safe and healthy work environment.
iv. Innovating our products, services, and processes. This includes developing new products and services to meet customer needs, leveraging technology to enhance our processes and operations, and focusing on sustainability initiatives.
v. Strengthening our relationships with suppliers, partners, and stakeholders. This includes developing and improving our relationships with our current suppliers and partners, and creating new relationships to bring added value to our customers.
II. Long-Term Plan
i. Expansion into new markets. This includes entering new markets and countries, developing new products and services for those markets, and investing in local communities.
ii. Strategic partnerships and alliances. This includes forming new partnerships and alliances with companies in complementary industries to expand our product and service offerings.
iii. Diversifying our portfolio. This includes developing new products and services to meet customer needs, leveraging technology to improve customer experience, and expanding our portfolio to include new businesses and services.
iv. Enhancing our technology and data capabilities. This includes investing in new technologies, collecting and analyzing customer data, and leveraging data to provide better customer service and experiences.
v. Investing in our employees. This includes providing competitive wages and benefits, implementing training programs for current and future employees, and focusing on creating a diverse and inclusive work environment.