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How is Wal-Mart able to pull away from a company like Target? The simple answer, planning. Wal-Mart had a strong business plan that included; the method of their planning, legal issues, ethics, and their corporate and social responsibilities. Starting a business is not an easy thing to do; to be successful a person must develop a strong business plan that includes policies relating to business practices, ethics, and various legal issues.
Planning
The first and most important development a company can go through is the planning stage. This is arguably the most difficult stage for a business; in the planning stage a business is deciding on many different policies...
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