The Covid-19 pandemic has thrown the world into turmoil, and upended virtually every aspect of our lives. The business arena is in the midst of tumultuous changeswith more shocks to come. The global economy has been badly hit, and years of problems lie ahead. Many companies have taken a massive hit to sales and profits. But no matter how hard things may be, there will be both winners and losers on the way to a "new normal." And by acting fast, and with a clear purpose, you can steady your business and keep growing. 'No matter how well or how badly you're doing today, a strategy reset is now a matter of extreme urgency. That means a critical rethink of both your strategy and how you create and execute it'

Source: https://www.tonymanning.com

Question 1 1.1 Discuss the vision and mission statement of Walmart from a strategic point of view.

1.2 What is the approach to the strategic management process that Walmart can utilize during this period? 1.3 Critically discuss the types of risks that Walmart faced during Covid-19 and the responses to risks it can implement to manage the risks. 1.4 Recommend turnaround strategies that are needed to rescue Walmart.

1.5 How Walmart can simplify its strategy to focus on a few actions that will have the biggest impact in this crisis period.