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The Inclusive Business Stratagem: Going Global - Assignment Example

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In the paper “The Inclusive Business Stratagem: Going Global” the author tries to understand how the economy or business in society stands up. It constitutes and formulates in accordance with the six M’s of management, namely: man, material, machine, money, method, and management…
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The Inclusive Business Stratagem: Going Global
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Download file to see previous pages Business organizations that help in the circulation of the money in society through various methods of selling goods and services to associates, contractors, and other businesses are called economic supporters. Some important examples of these economic devotees include retail and construction organizations. In the last twenty years, the entire motive and cause of the business industry have changed. New organizations are being constructed and developed. The ideology of the people belonging to business has changed. Even though the objectives of the businessmen have remained more self-centered and narrow interested, but now the idea of denying such characterization is not given many reviews and thought. But the fact that the entire process of buying and selling affects the economy vastly cannot be denied. Ristau (2011: pp.24) has verified that “The United States is a market economy in which buyers and sellers in the marketplace are able to freely make decisions that affect the economy”
A trend in the fusion and consolidation of various businesses throughout the world has been noticed. In my perspective, this trend is mainly due to the factors which include economic development, demographic importance, and technological development. Hence, the question that has been put in front of the entire circle of business organizations and is going to be pondered upon further in this verification is ‘Why have almost all of the business organizations gone global and what are the problems that they are facing in the process of strategy implementation?’ It is believed by many people that the decision of globalization in the business industry is more of a corporate plot. To which the expressions of anyone would be ‘Pfft! Globalization to business, my sir, is like oxygen to the human body.’ Hence, this imposed question is rather intriguing due to its nature of the debate and actual collection of causes and effects. Hence, keeping away any sorts of biased views it is better than we ponder upon Milton Friedman’s saying that ‘The business of business is business.’
During the past twenty years significant progress has been noticed in globalization, due to modern communication, transportation and many other factors like improvement of the infrastructure, political decisions regarding international trade and finance through agencies like WTO, GATT, GATS, EU, NAFTA, and ASEAN, etc. This progress consisted of a wave of efforts in which the broadening of the business organizations to provide their products on an internationally widened ground; was the most important flourishing step.
In order to evaluate the question provided above for exploration, we rather study and assess the business organization of Wal-Mart Stores, Inc. This American organization is multinational in nature due to which we are taking it to understudy for the assessment. Sam Walton found this organization in the year 1962 and its headquarters are located in Arkansas’ city Bentonville. Formerly known as Wal-Mart this organization has been termed jointly as Walmart since the year 2008. This corporation manages retail and discount stores in large numbers around the world. Being the world’s 18th largest public corporation it is considered to be the biggest organization in the world of business. The success of this organization cannot be overlooked when discussing the era of business expansion and globalization. Walmart spread like fire after its establishment and construction. ...Download file to see next pagesRead More
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