Respond to the following in 200-words count content each.
Q1. One of the large factors in Walmart’s external environment that would have an effect on operations would be the economy. Right now the economy is facing another recession, inflation has increased and unemployment rates have decreased. In the general environment, Walmart has to ensure that managers and associates adhere to policies and procedures to ensure that customers receive products and services through a low-cost strategy that has ensured the success of the organization for many years.
How does Walmart address large issues such as the economy in its strategies?
Q2. Apple is a stable and profitable organization. They use strategic planning to identify and respond to changes in the external environment quickly. Although change is inevitable, Apple has the flexibility to deal with unexpected market changes. Which allows them the ability to survive.
Can you see anything happening that will knock Apple out of competing at such a high level?