To what extent is Wal-Marts performance attributable to industry attractiveness and to what extent to competitive advantage?

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Case Questions
1. To what extent is Wal-Marts performance attributable to industry attractiveness and to what extent to competitive advantage?
2. In which of Wal-Marts principal functions and activities (namely: purchasing, distribution and warehousing, instore operations, marketing, IT, HRM, and organization and management systems/style) do WMs main competitive advantages lie? Identify the distinctive resources and capabilities in each of these functions/activities.
3. To what extent is WMs competitive advantage sustainable? Why have other retailers had limited success in imitating WMs strategy and duplicating its competitive advantage?
4. Looking ahead, what measures does WM need to take to sustain its recent performance and defend against competitive (and other) threats?

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