Wal-Mart Stores Wal-Mart Stores was founded in 1969 by Sam Walton and incorporated three years later in October. Its headquarters is located in Bentonville, Arkansas (Frank, 2006). It has about 11,000 stores spread out to over 27 countries. It operates in US and Puerto Rico as Walmart, in Japan as Seiyu, Best Price in India and Asda in the UK. It is wholly owned operational in Canada, Brazil and Argentina. It has more controlled subsidiaries in China, Chile, Mexico and Africa (Walmart, 2014). It is the world’s largest company and leading private employer (Fortune, 2011). The company operates in three segments: Walmart International, Walmart US and the Sam’s Club. Walmart US segment handles retail stores in all the 50 states and in Puerto Rico.
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These countries in which it operates have diverse market and legal systems some of which either facilitate or negatively affect the company’s operation in the country. For example, in India the government requires foreign retailers in the country to source 30% of the products sold to small and medium businesses. This has been a stumbling block and has pushed the company to break up its partnership with Bharti Enterprises, its partner in India. In South Korea, the market concentrates mainly on food and beverages while the Wal-Mart stores there mainly had on electronics and clothing, therefore, the company’s sales there low. The market in China consists of buyers who value quality and authenticity of products, and they, therefore, regard Wal-Mart 's products as cheap and …show more content…
With the associates, the company holds transparent and open talks to provide more clarity on performance expectation, learning and growth opportunities. It conducts surveys on customer satisfaction and through media outlets engage with the customers in order to gauge their response and contentment with the company. Frequent meetings with the NGO 's inspire more efforts to exceed achievements that would have otherwise been accomplished alone. NGO 's contribute ideas on execution, strategy development and best practice sharing. The company holds annual meetings with shareholders each year to discuss company strategies and give annual financial reports. Wal-Mart also engages with its suppliers to promote sustainability solutions. For companies, it is more difficult to monitor stockholders as different countries have different types of stakeholders with different national attitudes, therefore, difficult to keep track and satisfy all their
These countries in which it operates have diverse market and legal systems some of which either facilitate or negatively affect the company’s operation in the country. For example, in India the government requires foreign retailers in the country to source 30% of the products sold to small and medium businesses. This has been a stumbling block and has pushed the company to break up its partnership with Bharti Enterprises, its partner in India. In South Korea, the market concentrates mainly on food and beverages while the Wal-Mart stores there mainly had on electronics and clothing, therefore, the company’s sales there low. The market in China consists of buyers who value quality and authenticity of products, and they, therefore, regard Wal-Mart 's products as cheap and …show more content…
With the associates, the company holds transparent and open talks to provide more clarity on performance expectation, learning and growth opportunities. It conducts surveys on customer satisfaction and through media outlets engage with the customers in order to gauge their response and contentment with the company. Frequent meetings with the NGO 's inspire more efforts to exceed achievements that would have otherwise been accomplished alone. NGO 's contribute ideas on execution, strategy development and best practice sharing. The company holds annual meetings with shareholders each year to discuss company strategies and give annual financial reports. Wal-Mart also engages with its suppliers to promote sustainability solutions. For companies, it is more difficult to monitor stockholders as different countries have different types of stakeholders with different national attitudes, therefore, difficult to keep track and satisfy all their