Friday, April 26, 2019
The Values of Wal-Mart Research Paper Example | Topics and Well Written Essays - 500 words
The Values of Wal-Mart - Research Paper ExampleFrom this paper it is clear that its agonistic advantages be not only its low-cost products, but including its high-value quality products, and sophisticated strategic management and control. These are what made Wal-Mart successful in the United States. After all, where do an individual stinkpot find products with considerably low prices, yet with high quality as well? The ultimate answer is at Wal-Mart itself. Wal-Mart should recapitulate its original business model in China for the following reasons. China is a highly-dense and populated country. thither is a great opportunity for Wal-Mart to serve to a greater extent than 50,000 people in a certain location. Wal-Mart can eventually reach out to those people outside the center of a certain town or those not readily reach by advanced basic run. In this way, Wal-Mart could try to penetrate its services by reaching out customers who could not afford to go to the center of the town. S econdly, the low-cost strategy for its products is desirable in China where there are many competitors trying to be a cut higher up the other on the basis of price. Not only that, in China the labor cost is considerably low compared in the United States, so there is another great opportunity for Wal-Mart to replicate more than just what it had started into its other global counterpart. Finally, what it had already started in the international setting and applying into China is possible because the state country is home to various investors who could create what is essential for the business, exposing customers to a different level of understanding business.In order for Wal-Mart to go forward is to improve its way of handling its human resource. Especially in its international expansion, what is essential is the thought that it could create a unified cultural approach within the entire organization.