Please write an informal report using the file named “proposal.” use the same Idea but with editing after reading the instruction. When writing your report, write your executive summary last and with care. Many students use their training from other disciplines and write an abstract stating what is within the report. This is inappropriate for an executive summary in the business world. Instead, you want to summarize what is inside your report. If you use language such as ‘this report will look at’ or ‘we cover’ you are wrong and will lose points. Do not talk about what you will say later in the report; instead, tell the reader what you found and recommend. After you have written your entire report, summarize the most important findings. This allows busy readers (such as executives, hence the name executive summary) to quickly review the essentials of your work and then decide if they want to read the entire report or not. In most cases an executive summary should be exactly one page (never shorter than this). For more detailed reports, an executive summary may be longer — this also depends upon corporate policy. Some firms do not allow executive summaries to be longer than one page. One single-spaced page (or two double-spaced pages) is appropriate for your paper. also,,,, When you write your report, write the executive summary last. In business papers, you never want to include sentences such as “This report will look at the retail industry background, Walmart’s history, some of its strengths and weaknesses, and the opportunities available for its growth. There is also a brief view of the potential recommended opportunities, the risks that will be encountered, and how to mitigate them.” These are appropriate for an abstract in some disciplines, but in an executive summary, we never state what we will discuss. Instead, we summarize the contents for readers who may be too busy to read the entire report. When you write your report, make sure you follow the instructions about discussing three opportunities for growth in detail and then explain why one of them is superior to others (the one you recommend). You will write a formal report about the organization you selected in your proposal (previous assignment). The following is a summary of each section of the report if you follow the exampleoutline.2Front Matter •Using the terms from Chapter 18, your paper must have a title page. It may (optional) have a cover page in front of the title page. •It must have a Table of Contents. Microsoft Word makes it easy to automatically populate it if you use headings (see page 319 for details). •It may also include a Table of Tables and/or a Table of Figures if appropriate •Executive Summary –You should write this part of your report last. Do not tell the reader what you are going to discuss inside the paper; your goal is to summarize the most important parts. Body of the Report •Introduction (see Introduction and Background on page 323) •Industry Background: Review the overall industry (or industries) in which your organization participates. If it is a large organization, feel free to focus on one particular industry or a specific part of the industry. For example, if you selected Ford as your organization, you may want to focus on a specific market such as the North American pickup truck market. Your theme for this section is the market, not your selected organization. •Organization Background: This part of your report must include two sections. It should start with a history of the organization. It should then have a section on the organization’s strengths and weaknesses. If you focused on part of an industry (e.g., the North American pickup truck market) in your background section, you should also focus on that part for the rest of your paper. •Opportunities for Growth: Discuss at least three opportunities you see for your selected organization to grow. These can be opportunities for increasing market share, for improving current products, for entering new markets, or any other opportunities you see for your organization to improve. •Recommended Opportunity: Pick one (and only one) of the opportunities you discussed in the previous section. Explain why it is superior to the other opportunities. Include at least one paragraph for each of the following: potential (how large is this opportunity?), risks (what could go wrong?), and how you (the author) could help the organization with this opportunity. Your own short-term goals should impact this part. If you are looking for an internship next summer, build that into how you could help. If you will be graduating in the near future, specify an entrylevel job for you helping your organization implement your recommendation. Back Matter •Appendices (optional) –if you want to include additional material that does not fall under the headings in your outline, you may include it here. •Documentation of Sources (required). Include a references or works cited section at the end. Use in text citations such as (Gentry, 2020) throughout your paper and then include the details at the end. You may use any standard that you wish (APA, MLA, your textbook method, etc.); your instructor is format agnostic. Dr Gentry only cares that you build a habit of citing your sources to ensure you are never vulnerable to charges of plagiarism. This assignment is worth 25% of your grade. Your score will be determined by both the content and the professionalism of your paper. Make sure you proof it for errors. Follow the instructions in the textbook for formatting. Students typically are challenged by the requirement to use Roman numerals for the appropriate parts of the front matter and Arabic numerals for the rest of your paper. If you are using Microsoft Word, you will have to create a section break between these sections. Then, and only then, you will be able to format the page numbers for each section. If you try to do this without a section break, you will just frustrate yourself as Word will format the page numbers for the entire document. When writing for readers over the age of 30 (which definitely includes your instructor), you should use 12-point font. It is up to you which font to use, what type of spacing to use, and even how long your paper is. However, if you do not include sufficient content, this will impact your grade. This is deliberately ambiguous to prepare you for the workplace. Most of your future supervisors will never give you a minimum word limit, they will expect you to concisely include all of the pertinent information. In addition to your instructor, your audience may include potential employers, including the organization you selected. Write formally. No contractions. Examples of previous good submissions are available in Canvas and begin with A5.Before submitting your report to your instructor, you must first review it with UMW’s Writing Center. They are set up to work with you online, see the left sidebar at: https://academics.umw.edu/writing-fredericksburg/about-thewriting-center/. This must be completed at least one week before your report is due to your instructor or your grade will be penalized. The entire point of this exercise is to give you time to revise your report after receiving feedback from the Writing Center. The Writing Center will email your instructor about your online visit, you do not need to do anything other than make sure you identify your instructor and course to them. Students who do not review their paper with the Writing Center at least one week before their paper is due will be penalized. 1 Running Head: INFORMAL REPORT INFORMAL REPORT-WORKING FOR WALMART INC AFTER COLLEGE Student’s name Institutional affiliation INFORMAL REPORT 2 Company The company that I will use is Walmart Inc., which is an American company and the leading retail store in the United States. Executive summary Walmart Inc. is one of the leading retail stores worldwide. This report will look at the retail industry background, Walmart’s history, some of its strengths and weaknesses, and the opportunities available for its growth. There is also a brief view of the potential recommended opportunities, the risks that will be encountered, and how to mitigate them. Introduction Walmart Inc. is an incorporated company in the United States that has its headquarters in Bentonville, Arkansas. The U.S. is majorly involved in the retail industry worldwide and has several retail stores that are distributed globally. The company brags of being the world’s largest company by revenue and the leading private employer worldwide with an n estimated 2.2 million employees. Walmart publicly trades its shares in the New York stock exchange. Industry background The retail industry is quite a massive industry, especially in the United States. Retailers provide the final consumers with the final product is reduced and desired quantities at reduced costs. This saves the consumers the burden of purchasing unnecessary large quantities of products directly from the producers. Retailers are the link between the customers and the producers. Retail markets have been in existence since prehistoric times. Some of the archaeological proof of trade can be dated back to 10000 years, and they were mainly in the form of barter trade. As years passed by, barter trade was replaced by retail trade, which involved coinage. People began establishing markets where they could display their goods and offer them for sale; in medieval Greece, there existed the agora, an open space where there was the display of goods on mats and stalls during market days. By the 17th INFORMAL REPORT 3 century, the leading retail outlets were cultured by permanent shops that had longer operating hours and a variety of goods than the stalls, which only operated during the market days and had limited products. Fast-forward into the 21st century, the retail sector has undergone a massive transformation and is characterized by new technology advancements. The American retail sector plays a vital role in its economy, indicating how important the industry is. The retail industry in America is very competitive and is dominated by Walmart Inc., which owns a majority of the retail stores in the country. Company background History In 1945 Walmart’s founder Sam Walton acquired a branch of ben franklin stores from the butler brothers. His main plan was to offer the consumer products at a lower cost to realize higher sales with a lower profit margin. Due to higher lease and branch purchase prices, he experienced quite some setbacks. He was eventually successful in finding cheap suppliers as compared to the ones used by other stores. He was able to edge out competition due to lower prices, this strategy impacted the sales volume, and by his fifth year, he recorded $250,000 in revenue. After the expiry of his lease, Walton couldn’t come into an agreement on a new lease term with the lessors, and he opened a new store branding it ‘Walton’s five and Dime.’ The year 1962 witnessed the opening of the first Walmart store at 719 W. Walnut Street in Rodgers, Arkansas. The year 1969 saw Walmart’s incorporation as Wal-Mart Inc., and later on, it changed its name to Wal-Mart stores Inc. in the year 1970, it began trading its stock in the New York stock exchange. That same year Walmart was able to open a home office and its first supply center in Bentonville, Arkansas. In the 1980s, Walmart witnessed massive growth in its portfolio, and by its 25th anniversary, it had 1198 stores that recorded sales worth $15.9 billion. Today, Walmart has grown to be the world’s largest retailer and is INFORMAL REPORT 4 considered one of the world’s most profitable companies, with an estimated revenue of $523.96 billion. Strength Walmart’s success in the retail sector can be attributed to its strengths in the retail industry. Being the largest retailer globally, with an incomparable scale of operations and strong market power over its competitors and suppliers. Walmart can maintain a competitive advantage over its rivals and increase its consumer confidence. Walmart’s international presence is also one of its strengths. The ability to operate various stores across different locations means that they can reach a wide range of customers, thereby maximizing their sales. International presence also boosts the consumers’ confidence in the retail store. Weakness Walmart also has some little weaknesses in its business model. One fundamental weakness is its profit margin. By offering goods at lower prices, there is a need to maximize the profits, which will involve maximizing the sales revenue to realize profits. This business model is easily affected by macroeconomic factors such as an increase in inflation rates, leading to losses by the company. Another weakness is that it has a competitive disadvantage against high-end specialty sellers. Walmart’s competitive advantage is on its price, meaning they cannot attract consumers who are low sensitive to price. High-end specialty stores can quickly edge them out by providing quality seeking buyers with desired products at high prices. Opportunity for growth Various opportunities are available to Walmart in the retail industry. They can easily penetrate emerging and expanding economies. Such economies are characterized by rapid growths, high production levels, and attraction to foreign investment. Consumers under such economies are susceptible to price; Walmart can use this characteristic since its business 5 INFORMAL REPORT model is based on providing goods at lower prices. Another opportunity is deploying some changes in their business model to incorporate consumers whose sensitivity to price is low. This may entail coming up with high-end specialty stores to tap such consumers. Recommended opportunity Potential The recommended opportunity for Walmart would be to expand into countries with emerging and expanding economies. Such economies’ characteristics are favorable to their business model, and such an expansion will be reflected positively on their revenues. Risk The risk associated with such an opportunity is that emerging economies are highly volatile and unstable. Emerging economies face challenges of capital outflows and financial market losses. This may turn out to play negatively on Walmart’s revenue suppose they seize the opportunity in such markets. How I can help I can help Walmart by conducting a feasibility study, which will show the emerging economies that are highly volatile and unstable, and less volatile. The management can then decide whether to undertake the opportunity or note based on the information from the study. Growth opportunities In the next two to three years, Walmart’s growth opportunity improves their online retail sector, which their rival company, amazon, currently dominates. Schedule Assignment due date Read different chapters Conduct research on formal report Week 2 6 INFORMAL REPORT Work on formal report Week 3 Writing center appointment Week 3 Continue working on the formal report. Week 3 Finalize the report Week 4 Submit assignment Week 5 Purchase answer to see full attachment Tags: financial conditions growth opportunities retail markets customer demands restrictive trade policies User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.