Team B Final Project

In: Business and Management

Submitted By axeman31
Words 395
Pages 2
Companies for a long time have strived to be successful and going global is the ultimate business goal of any large company. Because there are other countries selling similar products and services global competition is no secret. Wal-Mart is one of those companies that went global and did it quickly. They became the largest retail stores in the world which now employs a whopping 2.1 million people global wide. In order to go global, Wal-Mart had to make choices on how they wanted to go about it and be successful. Wal-Mart had to look at several things such as culture, job wages, property, management, etc. Because they knew that doing business in other countries would bring change in the company they had to cater to that area and its population to make max sales. Wal-Mart went hug quickly in the global industry which made other retailers struggle to catch up and stay competitive. Most of Wal-Mart’s products are now made overseas which keeps their costs down and labor costs low.
One of the global issues that Wal-Mart has had to do concerning their competition is always looking for cheaper prices on products and goods. By doing this it affects poverty stricken countries in a good way by providing jobs for them. It is hard to say that there is global competition for Wal-Mart because Wal-Mart dominates most of the world and it might be said that global competition is effected by Wal-Mart.
Right now Wal-Mart employs a staggering 1% (1.4 Million) of all working people in the United States. Seeing this kind of impact in the Unites States shows how Wal-Mart’s management handles labor demand, supply, relations, unions, and rules and regulations. Everything has to be perfect from the top down to achieve this kind of impact in the United States. Wal-Mart’s sales last year exceeded 400 Billion dollars just last year in which they profited 15 Billion in sales. Seeing these…...

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