The fruitguys strategy was developed by Chris the CEO whose plan was to enable sustainability that involves economic reality to enable a business to grow successfully and not focus on one location. Chris believed the strategy would allow him to own the location, control the aspects of business development, and employees are taking responsibility by making decisions. Food and catering, beautician and laundry and cleaning businesses are other examples of businesses that could use and work really well with the fruitguys strategy. We also found a business development strategy template (10+ Business Development Strategy Plan Examples) to make your life easier.
These companies would work very well with this strategy because just like the fruit guys company they all offer products and services directly to people. In these businesses, the owners and the employees have greater control over the running of the firm making these five questions efficient in developing effectiveness in the company.
Wal-Mart is a multinational retailing corporation that has a chain of grocery stores, discount department stores, and hypermarkets. It invests in training its employees and imparting knowledge on them which helps them to exceed customer expectations. To be able to produce the best quality products Wal-Mart uses the latest technology. In each country that it operates, it ensures that it abides by the laws of that country.
Wal-Mart’s low prices are advantageous as it is not affected by economic swings and it’s the only retail chain known to have low prices. It uses different strategies to sustain its competitive advantage like having sophisticated inbound logistics which lowers cost and using its resources and capabilities better than competitors. Due to the massive growth of Wal-Mart, the HR has to make sure they abide by the laws of the countries where they expand. This increase also makes the Hr to continue hiring and also training its employees so as to impact knowledge for customers’ satisfaction. The strategy this company should consider is by being realistic about what they can and cannot do for their employees to ensure there is sufficient development.
Hope that the story of Wal-Mart’s inspired you. If you feel that your business stagnates, will be better to apply e new business strategy or to develop the existing one. Good luck!