Write 3 pages thesis on the topic business policy and strategy/ project3. This company is also the largest grocery retailer in the United States that deals with diverse ranges of product lines. Wal-Mart mainly operates in 17 different countries. Since Wal-Mart is a global company, it has to compete with smaller retailers and international corporate giants. Strategic management and decision making play a vital role in determining the efficacy of company’s performance as these elements assist the managers to coordinate all the functional sectors within the company. Corporate governance constitutes a significant part of strategic management and it includes different policies, laws, customs, and processes that affect the way a company is operated. This paper will prepare a strategic audit for the global giant Wal-Mart. Current situation As reported in forbes.com (n.d.), presently, Wal-Mart is a rapidly developing corporation which in 2010 was the world’s largest public corporation on the ground of revenue. Recently, the company announced that it would formulate and implement several environmental policies in order to address issues associated with energy crisis. The Wal-Mart continuously deals with territorial expansion. and the company has replaced its old advertising slogan in 2007 by the new one, “Save Money Live Better”. The company’s mission statement and advertising slogan are the same.