How could Walmart be so successful?
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1. How could Walmart be so successful?
Walmart could be so successful because of two main reasons: low price and its convenience. They have built a hyper-efficient system for the distribution of groceries and low to mid-range consumer goods and spread it across entire the United State. WalMart is not for special items, and never for high-end goods, but pretty much everything customer might need day-to-day is available in a single location without having to shop around for the best price. They have consolidated the essentials of what’s important to the average shopper (mostly price and convenience) and replicated that thousands and thousands of times.
2. How could Walmart monitor its operation very closely?
Globally Walmart keeps an eye on its operation through the intelligence gathering service. It has appointed the third party who continuously closely monitors the activities which are related to the law and compliance. Besides this, it has operations head appointed worldwide, which records the data of the labors, workers, employees, and staffs, to be sent to the global office. It stays in touch through the latest gadgets, technology and ensures to speed up its operation likewise. It also does a surprise monitoring and checking by appointing the external audit control apart from appointing the internal audit.
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3. How does Walmart establish relationships with suppliers? Do you agree with Walmart's practices on the supplier relationship? Why?
Walmart has established a strong relationship with its suppliers. It has developed a highly balanced structured along with inculcating an advanced supply chain management. It has integrated the backward and the forward integration. It has helped Walmart to have a continuous supply of the raw materials, semi-processed and the finished goods which can be sent to the operations. The Walmart practices are ethical in nature and sustainable from the future point of view, so my opinion holds affirmative to it (Steenkamp, 2017).
4. Do you think that Walmart's globalization will work in China? Why?
Walmart China operates through the joint venture and the subsidiary operations. It does not have an independent way to control the market. China bureaucratic politicians encourage the domestic market more than foreign players like Walmart to control the market. The China market is vast which has not been explored. Walmart globalization would work in China from the long term perspective, but from the short term perspective, it would face stiff domestic competition and the restricted market entry.
5. What kinds of cultural differences did Walmart consider when opening stores in China?
Walmart while opening stores across China faced language issues, the difference in the work-related culture and inculcating domestic people tastes and preferences. Walmart also played strategically by firmly including the domestic products and allowing merchandising form the local producers or suppliers. It did not churn out an opportunity of including the American made goods (Leguizamon, 2016). China domestic goods are cheaper and China government extensively promotes the China products. If Walmart chooses to import American goods and sell it in the domestic market, it would only lead to a total failure.
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