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Three interesting facts included in Walmart’s most recent 10K report include: First, in the fiscal year 2021, Walmart’s e-commerce sales grew by 69%. This is an intriguing fact because it demonstrates how successfully Walmart has shifted its focus to e-commerce and has been able to compete with Amazon in this space. In addition, international sales for Walmart decreased by 6.6% during the fiscal year 2021 (Zhang, 2023). This is intriguing because it illustrates Walmart’s difficulties in expanding internationally and highlights the importance of understanding local markets and consumer preferences. In the fiscal year 2021, Walmart’s assets increased by 1.7%, while its total liabilities increased by 9.6%. This is intriguing because it suggests Walmart has taken on more debt to finance its growth, which could have long-term effects on the company’s financial health.
Walmart is doing well and is well-positioned for the future. Walmart has demonstrated a solid commitment to e-commerce and has significantly increased its online sales in recent years (Zhang, 2023). In addition, Walmart has made strategic investments in technology and logistics, which should help it compete in the future with Amazon and other e-commerce companies. However, Walmart also needs help, including increased competition from Amazon and other retailers and shifting consumer preferences. Walmart has a solid foundation to build, but it must continue to innovate and adapt to remain competitive.
Nike is a company that has utilized strategy to gain a competitive advantage. Nike’s emphasis on innovation and sustainability has allowed it to distinguish itself from its competitors. Nike, for instance, has developed new materials and production methods that reduce waste and enhance the performance of its products. In addition, Nike has invested in digital technologies, such as the Nike Training Club app, which has enabled it to engage with customers and foster brand loyalty. These initiatives have helped Nike maintain its leadership position in the athletic apparel and footwear industry and stay ahead of its competitors.
Innovation is about creating new products or technologies and fostering a culture that encourages creativity and experimentation. This point is being made when stating that innovation transcends numbers. Successful innovators typically have a company culture that encourages risk-taking and views failure as an opportunity to learn and improve. In addition, innovation encompasses not only the products or technologies but also the supporting business models and processes. By emphasizing these broader aspects of innovation, businesses can generate competitive advantages beyond the short-term gains of individual products or technologies.
links:
https://www.shs-conferences.org/articles/shsconf/pdf/2023/03/shsconf_pesd2023_01018.pdf
