Hospitality Management Essay Example | Topics and Well Written Essays - 2000 words - 1

Hospitality Management - Essay Example Wal-Mart offers a wide range of variety having more than 30 departments at all the outlets, that has rendered the company to be the market leader in general merchandise industry and it has consistently been able to secure the name in Fortune 500 (Walmart, 2014). â€Å"Saving people money to help them live better was the goal that Sam Walton envisioned when he opened the doors to the first Walmart ®. This focus drives everything we do at Walmart. And, for the millions of customers who shop in our stores around the world each week, it means they can trust that our brand means we have everyday low prices.† (Walmart, 2014). Currently the company does not have as such mission and vision statement while having one such statement may guide the customers and employees to integrate with the values and philosophy of the company. There are several internal and external factors that are responsible to generate opportunities as well as the threats for the company. Following is step by step evaluation of the factors through the matrices: The EFE matrix reveals that the company has been in relatively stronger position as the score is 2.81 which is greater than the average score of 2.5. However the score below 3.0 shows that the company is not in extraordinary position. The above internal evaluation reveals that the score is 2.92 which is above average i.e. 2.5 and is close to 3.0 and hence one can conclude that the company has been adequately strong from internal point of view. Its competitor company Costco Wholesale Corp has the current ratio of 1.19 and Target Corp has the ratio of 0.91 while the industry average is of 1.09. This shows that the company has not been able to maintain ability of fulfilling its short termed debts and in this regard it also lags behind its direct competitors. Its competitor company Costco Wholesale Corp has debt to equity of 4.75 and Target Corp with the ratio of 0.85 while that of industry is 6.95. This shows that