Essay on Business Synoptic

4107 Words Feb 15th, 2012 17 Pages
Running Head: Business Synoptic

BUSINESS SYNOPTIC

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Table of Contents
Question 13
Question 2…………………………………………………………………………………………5
Question 3…………………………………………………………………………………………9
Question 4………………………………………………………………………………………..13
Question 5…………………………………………………………………..................................15
References………………………………………………………………………………………..17

Q – 1) Compare Wal-Mart experience in countries such as Germany and South Korea on one hand, and China on the other. What determine Wal-Mart's success or otherwise in these markets? What lessons should Wal-Mart learn from these experiences?
Wal-Mart
Wal-Mart is an American public corporation that runs a chain of discounted stores
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(Ewing, 2005) One of the major reasons why Wal-Mart failed in German market was that, the American managers of the company forced the German executives and the employees to use American style management practices within the workplace. For example, the employees of Wal-Mart Germany were not allowed to date one another (since it is a policy in Wal-Mart), in case they might influence one another’s potions. The employees of the outlets were told not to even flirt with one another (i.e. it is against the company’s policy). Another reason why Wal-Mart failed in Germany was that the labor costs in Germany are quite high; this had caused Wal-Mart Germany to have problems with the labor unions. Wal-Mart had threatened its employees by shutting down shops, if they did not work long hours than their contracts suggested the working hours and if they did not allow being surveillance while working hours. (DW-WORLD.DE, 2006)
Wal-Mart in China When Wal-Mart entered the Chinese retail market, it had to learn its business all over again. The Chinese retail market’s annual sales have increase to a 15 percent, i.e. the retail market was able to hit $860 billion in the year 2009. Wal-Mart has been a somewhat success in the Chinese Retail market and after a decade the management of the company has decided to double its minor presence (3.1 percent into a market leader share) in China. The company plans to

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