The resource based view of an organization lays emphasis on the internal capabilities of any business organization in order to formulate strategy for the achievement of sustainable competitive edge across the industries and the market. It focuses on the capabilities and resources residing across the organization, or that an organization might consider developing for the achievement of sustainable competitive edge. The key elements included in this analysis for an organization are resources, competencies, threshold capabilities, threshold resources and tangible resources.
Irrespective of these technological innovation, the company faces issues with respect to the management strategy of Wal-Mart due to increased complexity. The accounting standards of Australia and the structure of the Wal-Mart means that there is an involvement of significant difficulties for obtaining a better understanding about the operations of finance. The strategic literature on the basis of the paradigm of industrial organization involves key consistency with the overall structure of competition across business organizations in competition, not with respect to price, but the way in which there is promotion of presentation of product. The company of Wal-Mart needs to enhance its focus on these aspects of the business.
Innovation is still considered as the core element for the success of Wal-Mart and the company looks forward to the new generation of product further arriving at the first B787 Dreamliner of Wal-Mart in the year 2017. Like the product model of 707 in the year 1959, the products of Wal-Mart have been providing it cut throat competition, and the company shows extreme excitement in the key opportunities introduced by the customers. UNSW has come in partnership with the company of Wal-Mart for seeing what ideas they can invent for improving the scope of purchasing products.