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GMS LEC 6.docx

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Ryerson University
Global Management Studies
GMS 200
Horatio Morgan

Planning Process and Techniques Chapter 6 Lecture 6 Planning in the World of Globally Competitive Business We have already discussed:  Global business and competition Now: we need to understand how managers in this globally competitive environment  Strategically determine the course of their companies under particularly difficult circumstances FOCUS: Canadian Grocery Industry Canadian Retail Sector: Grocery Industry  Entry of Walmart in the Canadian grocery has led to increase in competition; it will get even tougher when Target arrive in 2013-  Loblaw: Canada’s largest grocer, has sought to decrease in operating costs through greater reliance on information technology: $2.3 billion spent on technology over the last 5yrs now allows for the elimination of 700 jobs at a one-time redundancy cost of $60 million  Loblaw has also been directing more resources to its discount chains (i.e No Frills, Superstore) that collectively account for about 2/3 of its annual sales approx. $31 billion Are there enough to help Loblaw keep up with the low prices at Walmart in Canada’s currently slow- growing grocery industry? Walmart: Quick Facts  Founder by Sam Walton in 1962 with the opening of the first store in Rogers, Arkansas  With more than 10,300 stores in 27 countries, Walmarts is the largest retailer in the world  Walmart’s 2012 net sales increase by 5.9% over the 2011 figure to almost $444 billion  Mike Duke, President and CEO, Walmart Stores Walmart: Customer Focus, Managerial Philosophies and Principles  “Provide customers what they want, when they want it, and ensure that customers receive true value” Going back to Sam Walton, Walmart’s managerial philosophies and principl
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