Free

Walmarts Foreign Expansion - Essay Example

Add to wishlist

Summary

The writer of this essay "Walmart’s Foreign Expansion" discusses that Walmart could translate its merchandising strategy wholesale to another country and succeed. He thinks a big reason why Walmart was so successful in Mexico was that it entered into a joint venture with a local Mexican firm, Cifra…

Download full paper File format: .doc, available for editing

GRAB THE BEST PAPER92.4% of users find it useful

Read Text Preview

Subject: Business
Type: Essay
Level: High School
Pages: 1 (250 words)
Downloads: 4
Author: lsporer

Extract of sample "Walmarts Foreign Expansion"

The reason why I think Walmart failed in countries like Germany and South Korea was that they did not find a local partner. Also, the cultures of these countries are very different from the United States, so Walmart would have had to change their corporate culture to work there. Walmart is on the right track in China though, primarily because it is learning from previous mistakes, such as killing the meat before selling it to customers. Once they realized that Chinese people did not like this, Walmart changed its strategy and began to let customers choose their own live meat.

Walmart can influence the eating habits and social customs of another country, but other things like religious beliefs will always remain. So it is up to Walmart to be accommodating to diverse groups of people and provide them with many different choices.

Cite this document

APA
MLA
CHICAGO

(Walmarts Foreign Expansion Essay Example | Topics and Well Written Essays - 250 words, n.d.)
Walmarts Foreign Expansion Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/business/1603272-walmart

(Walmarts Foreign Expansion Essay Example | Topics and Well Written Essays - 250 Words)
Walmarts Foreign Expansion Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/business/1603272-walmart.

“Walmarts Foreign Expansion Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/business/1603272-walmart.

Cited: 0 times

CHECK THESE SAMPLES OF Walmarts Foreign Expansion

Organizational Change of Walmart Incorporation

The company started to trade its shares in the New York Stock Exchange in 1972 thus making it generate a significant amount of capital that is used in its expansion strategies.... The paper discusses the strategies that Walmart Company needs to emulate in order to bring change and bring about a transformation in the organization....

10 Pages (2500 words) Term Paper

International business strategy

The instance is the company is on expansion spree and would like to expand its business to UK.... Issue is what mode it should take to carry on its objective of globalization.... Starting with an overview on the company itself, an… With revenue of $401 billion in the year of 2009, the renowned retail chain, Walmart has ranked as the top most admired retailer in Fortune Magazine's survey....

4 Pages (1000 words) Essay

Walmart Foreign Expansion

Walmart was successful in Mexico as a result of the fact that it quickly discovered that the buying behaviour of Mexicans was different from Americans.... The joint venture with Cifra, Mexico's largest retail shop also paid off well for Walmart.... The Mexicans preferred to buy… It also embarked on hiring local managers who understood Mexican culture and these managers were responsible for controlling the merchandising strategy....

1 Pages (250 words) Case Study

International Business: Witnessing a Strong Business Opportunity

In this particular assignment, the focus is on the US retailer's mode of expansion into the various international markets around the world, and the associated successes and failures in those markets.... Witnessing a strong business opportunity, organizations around the world are increasingly focusing on catering to the needs of the well informed consumers in various markets and hence are naturally venturing into many foreign markets.... In this particular assignment, the focus is on US based retailer Wal-Mart and its outcomes when it ventured into different foreign markets....

18 Pages (4500 words) Essay

Trans-Pacific Strategic Economic Partnership Agreement

In the paper “Trans-Pacific Strategic Economic Partnership Agreement” the author explains the expansion of the Trans-Pacific Strategic Economic Partnership Agreement of 2005 between Brunei, Chile, New Zealand, and Singapore.... It contains the provision that protects foreign investors which are enunciated in the enforcement of patents and copyrights which will strictly intellectual property rights and investor-state-arbitration.... TPP, however, strengthens the enforcement of intellectual property rights and provides investors to initiate a dispute against the foreign government which could instill confidence among MNCs and FDIs....

2 Pages (500 words) Essay

Treasury Yield Curve

The author of this paper "Treasury Yield Curve" comments on the fact that between 2010 and late-2012, the yield curve normally straightened.... The resulting contractionary drive likely helped (if not overpowered) the persistent recovery swoons and stock business adjustments.... hellip; High-yield bond portfolios focus on lower level quality bonds, which are riskier than those of higher-quality companies....

8 Pages (2000 words) Research Paper

Walmart Foreign Expansion Case Study

The company builds on a strategy of low prices and efficient optimization techniques in the marketing activities to influence cultures of different… The company has faced success in some foreign markets as well as failures.... For instance, the company has experienced success in the Mexico market and the Chinese as well as Japan market are promising success....

4 Pages (1000 words) Essay

Wal-Mart and its Stakeholders

The author state that Walmart has been into controversies all around the world due to the continuous activities of unethical practices within the company.... A number of these go in favor of the company while a number of them oppose the company to be sufficiently ethical in its practices… But still, the world has witnessed such unethical practices again and again....

12 Pages (3000 words) Research Paper