This research will begin with the statement that Wal-Mart started its operations in 1962 with its first retail store opened in Rogers, Arkansas. By the fourth quarter of 1970; the company had 276 stores throughout the USA in its possession. Between the second and third quarter of 1980, the number of Wal-mart’s stores reached to the peak of 882 which ultimately led the company to become the market leader in the retail sector of United States of America. Until then the company had not stepped into the international market and now it was the time to take the major decision. So in 1991, the company started operating in other countries for the very first time. The first foreign country where Wal-Mart opened its initial most outlet was Mexico. The company then started to operate in Canada and Brazil through getting hold of Greenfield investment. Later more outlets were opened in Hong Kong, Argentina, etc. Wal-Mart has actively utilized the retail internationalization which typically revolves around the incorporated concepts of who are the participants of internationalization, what are their aims and objectives, how they will be directing their growth plan, how they will make a success and everlasting entry in to a market of some foreign land, what mechanisms should be applied, how the adaptation or the consistency approaches will move on, what will be the company’s centre of attention after entering the market, how the growth will be sustained, what diversification strategies shall be applied and finally how the company will respond to the foreign land’s culture, economics, politics and other social aspects which are in one way or the other influential for both the organization and its customers/consumers. All these variables of retail internationalization have played a significant role in the ultimate success of Wal-Mart. The importance of retail internationalization can only be understood by making a link between the geographic and economic conditions of a country in which the multinational organization is operating. The multinational organizations such as Wal-Mart mark substantial prints on the mindsets and lifestyles of the community people they are serving. This can be noted by the fact that few years back when the trend of multinationals was not even developed people used to maintain distinctive and original lifestyles however, as soon as the multinationals grew up the overall world economy and culture met severe changes because when people of some other countries come and trade with foreign people they leave behind their identifying marks which are then absorbed by the local civilians. On the other hand, these foreign companies also accept the cultural and societal norms of the foreign land. In this way, the overall culture of the globe has started to turn into a single yet most powerful social system. The geography of a country is also very important in changing or sustaining the lifestyle of its inhabitants. The famous slogan of Wal-Mart has the strongest impact on its success story and continuous line of achievement. The slogan is ‘Every Day Low Prices’ which attracts people from all over the world to come and visit their stores.
This paper is aimed at analyzing the performance of Wal-Mart from different perspectives including social, economic, political, and technological particularly its overall existence as a blessing or damnation for the communities in which it is operating…
There are many multinational corporations in the world today. For instance coca cola, Barclays, shell, Guinness Breweries, DHL, IBM, MTN and others. The presence and establishment of MNC in developing countries has brought a lot of debates all over the world.
The manager has a variety of internal and external tools available to delay the cash disbursements and accelerate cash receipts to maintain a good cash flow. However, these tools are required to be applied intelligently. The importance of exchange rates and their role in the working of international financial markets is also very important.
Here, the two companies major in product designing and marketing but rely on a number of contractors to build shoes and sew clothes that suit their specifications. One of the chief expectations by the two companies is high quality goods
Very many companies are now becoming multinational enterprises to capture the international market that is growing day by day. The local enterprises are also struggling to catch up with the trend of globalisation for them to become more competitive. On the contrary, the global concept in business is very misleading as there are very many challenges.
Multinational corporations manufacture products in many countries and sell to consumers around the world. Money, technology and raw materials move ever more swiftly across national borders. Along with products and finances, ideas and cultures circulate more freely.
Over the last decade or so, there is this outcry against anything that falls within the category of 'multinational'. The very term denotes a firm that has a presence globally or rather one that would like to be known in more parts of the world than it is at the present point in time.
the ability to produce the goods and services at lower costs.
An example of Multinational Corporation is the Coca cola Company which is the largest beverage manufacturing company in the world. The company has been in existence since 1892 and manufactures, distributes and markets non-alcoholic beverages and syrups globally.
Evidence for this includes, for example, the growth of strategic international alliances and joint ventures and business divisions headquartered outside the 'home' country.
However, much contrary evidence suggests that even the most global of companies remain deeply rooted in the national business systems of their country of origin.