How does a company develop its long term strategies (describe the process)? Go on-line to find...

60.1K

Verified Solution

Question

General Management

How does a company develop its long term strategies (describethe process)? Go on-line to find posted long-term strategies forWalmart. cite your sources APA

Answer & Explanation Solved by verified expert

3.6 Ratings (303 Votes)

planning a strategy for any company is necessary to achieve the goal and they want to expand business need a strategic planning the longterm strategic plan can help you focus your efforts and align your team to achieve the goals and success Here are few steps that help the company to lay down a foundation for longterm growth without sacrificing shortterm profits 1Profits Perspective always try to use profits to pay down debt recognize your team create new products and services and most importantly set funds aside for lean times in the future 2 Increase Sales from Your Current Customers try to make money from your regular customersIf you already have a captured audience use them Instead of focusing on the 90 of people who dont know about your business you can provide the with offers sales and benefits that See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member