Don’t No
Essay title: Don’t No
Time Line
We believe that Wal-Mart will be successful with this strategy over a two-year period. Wal-Marts current market positions in each of their territories should be increased to the highest level after the market penetration strategy has been applied for the two-year period.At that point in time, Wal-Mart will begin experiencing diminishing returns for every adverting dollar spent on the market penetration strategy in their targeted areas. Following the use of this strategy Wal-Mart will be able to reduce their advertising budget in these areas to a market share maintaining level.
Evaluation
In order to determine if the market penetration strategy is indeed adding to the success of the company, Wal-Mart will need to take periodic readings from sales figures, department heads, inventory turnover, and customer surveys. This strategy will be fully implemented within days of its selection from management.
To find the sales figures we would have to go to the accounting department where all the information on sales should be recorded. The information from department heads will be useful because it will allow us to recognize the problems and what they are doing good in each department. Inventory turnover allows us to know whether a firm holds excessive stocks of inventories and whether a firm is selling its inventories