Ch 13 Organization of International Business Essay

Words: 868
Pages: 4
Open Document
1. Intro & Background

Wal-Mart Stores, Inc. was incorporated in 1969 and now is the world’s largest and most successful grocery retailer which was selected as world’s largest company in 2007, by Fortune 500. It has 8,970 stores in 15 countries and total revenue of $421,849 billion (2010).

Wal-Mart’s main business strategy is ‘EDLP-Every Day Low Price’ which is the key-point of their success. To accomplish this strategy, they mainly focused on efficiency of distribution structure.
They used ‘Cross-docking system’, ‘POS’ system, ‘QR-Quick Response’ System. All those strategies core values are ‘Time’ and ‘Response’. Shorten the time for everything includes distribution, storing, etc directly affected lower the price of goods which …show more content…
However, I think there could be problems arise with that way. There could be damage to headquarter’s reputation they’ve made in domestic market if international division makes mistake or distortion of core value while they try to adjust to local market. It will seriously harm whole Wal-Mart’s name and will affect their sales. For example, while they try to get into Korea, they didn’t know about Korea’s atmosphere and condition. They struggled in Korea for years and finally got out of Korea without getting anything. This mistake damaged Wal-Mart’s name maybe not only in Korea division but also in headquarter.

In this case for Wal-Mart, Worldwide Area Structure could worked, too. If they use this structure, the great system they proved in domestic market can be used in all the areas but all the other things can be adjusted to each area’s property. In that way, they can reduce possibility of failure in certain country like Korea or German.

4. Conclusion

Wal-Mart is one of biggest company in the world and they’re making huge amount of money all over the world. There is no doubt that they are successful. But it doesn’t mean that they have nothing to fix or improve. If they want to expand their business, they should make their international division more efficient and effective. That means, sure they should use their great system they have used in domestic market to international division but those strategies are needed to be reformed in
Show More

Related Documents: Ch 13 Organization of International Business Essay

MGT 448 Syllabus Essay

SYLLABUS MGT/448 Global Business Strategies Copyright ©2015 by University of Phoenix. All rights reserved. Course Description The manager's perspective in the fields of international payments, international trade, and investment are analyzed. Emphasis is given to the materials and concepts that illuminate the strategies, structure, practices, and effects of multinational enterprises. Course Dates Feb 10, 2015 - Mar 16, 2015 Faculty Information Name : Email Address : Phone Number : KATHRYN HAYMAN…

Words 2691 - Pages 11

MGMT 485W: Study Guide For Final Exam

Overview of MGMT 485W—Study Guide for Final Exam Module 1/Ch. 1: Fundamentals and Overview Overview This module sets the stage for the subject matter, presents a broad overview of the subject, explicitly reviews financial terms that will be used throughout the course, and begins to cover in detail some of the responsibilities of the CEO (the primary strategic manager in a profit-seeking business). Objectives At the end of this module the student will be able to: Distinguish between strategic…

Words 2578 - Pages 11

Essay on Contract and Electronic Reserve Readings.

| | |School of Business | | |LAW/421 Version 1 | | |Contemporary Business Law | Copyright © 2011 by University of…

Words 2333 - Pages 10

Essay about ECO2302 SYLLABUS SSI 2015 Online Course COB Format 1

COLLEGE OF BUSINESS INFORMATION: This course is in support of a degree program at the UHD College of Business that has earned professional accreditation by AACSB International. AACSB International is an association of more than 11,100 business educational institutions, and other organizations in 70 countries that are dedicated to the advancement of management education worldwide. Only 568 business programs, or about 5% worldwide, have earned this distinguished hallmark of excellence in business education…

Words 2784 - Pages 12

Review: Marketing and Marketing Behavioral Lab Essay

to report the case to the Honor Council. COURSE DESCRIPTION This course is devoted to the study of marketing and the marketing system involved with the task of marketing products and services. In order to survive in the contemporary business world, organizations have to continually bring new ideas and products to the market. In addition, existing products have to be managed in a dynamic competitive environment. The overall purpose of this course is to acquaint you with the application, analysis…

Words 3979 - Pages 16

Marketing Strategy Assignment

Faculty of Business Administration BUSI-4414-WA Term: Winter2015 Marketing Strategy CONTACT INFORMATION Asad Aman –RB 1036 aaman@lakeheadu.ca Office Hours: Available for one hour after each class. To arrange an appointment other than these hours, please see me after class or send me an email. COURSE OBJECTIVE To understand and apply strategic marketing concepts through analyzing real world cases. LEARNING OUTCOMES Students will be able to develop their: Problem solving, analytical and decision…

Words 2227 - Pages 9

Days of the Year and Midterm Examination Essay

University of Manitoba I. H. Asper School of Business Department of Accounting and Finance Winter 2012 ACC 1100 INTRODUCTORY FINANCIAL ACCOUNTING A01 Tuesday and Thursday 8:30 a.m. – 9:45 a.m. Instructor: Sonja Carney Office: 374 Drake Centre Office Hours: Monday and Wednesday 10:00 a.m. – 12:00 p.m. or by appointment Telephone: Fax: E-mail: 474-9709 474-7545 Sonja_Carney@umanitoba.ca INTRODUCTION Accounting is the language of business. If you do not understand its fundamental concepts…

Words 3503 - Pages 15

IB Notes Essay

International Business Defined leadership 6863223 Password: leader Business: the manufacturing and or sale of goods and or services to satisfy the wants and needs of consumers to make a profit Transactions: exchange of things of value Domestic business: most of transactions within borders of the country in which it is based. Relies primarily on products and services made in Canada International business: the economic system of transactions conducted between businesses located in different…

Words 7221 - Pages 29

Mgt 521 Week 1 Notes Essay

aspects of business to make sure that the business is legally sound and is in compliance. Make sure intellectual property is safeguard. Human Resource Management- addresses the personnel concepts in a business including hiring, compensating, taking proper action when needed. Leadership-covers different ways managers can inspire and motivate employees or handle conflicts (organizational change or power struggle). Accounting - the field of maintaining and auditing aspect of business. Break out into…

Words 1372 - Pages 6

Essay about Syllabi: Class

Division of Business BGEN 105 (01) Introduction to Business Fall 2013 Rahall 315 Monday 6:00 PM to 8:45 PM Instructor: Tammy Anderson, MAOM Office/Hours: By Appointment Email: tlanderson1@frontiernet.net Cell: 304-920-3890 COURSE DESCRIPTION: This course is intended to provide students an overall concept and fundamentals of the real world business in a changing environment. Additionally, students will receive a broad indoctrination to the fields of study in business academia. This…

Words 1051 - Pages 5