100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Summary MGT618 Assignment6 WK6 grammarly edited.docx MGT 618 Walmarts International Business Strategy Barry Bland California Intercontinental University MGT 618: Mastering Leadership Introduction In 2019, Fortune global 500 placed Walmart as the world's $7.49   Add to cart

Summary

Summary MGT618 Assignment6 WK6 grammarly edited.docx MGT 618 Walmarts International Business Strategy Barry Bland California Intercontinental University MGT 618: Mastering Leadership Introduction In 2019, Fortune global 500 placed Walmart as the world's

 0 view  0 purchase
  • Course
  • Institution

MGT618 Assignment6 WK6 grammarly MGT 618 Walmarts International Business Strategy Barry Bland California Intercontinental University MGT 618: Mastering Leadership Introduction In 2019, Fortune global 500 placed Walmart as the world's largest corporation with a revenue of approximately US$51...

[Show more]

Preview 2 out of 11  pages

  • March 30, 2022
  • 11
  • 2021/2022
  • Summary
avatar-seller
MGT 618
Walmart’s International Business Strategy

Barry Bland

California Intercontinental University

MGT 618: Mastering Leadership


Introduction

In 2019, Fortune global 500 placed Walmart as the world's largest corporation with a

revenue of approximately US$515 billion. Walmart employs roughly 2.2 million employees,

making the organization the largest private employer on planet earth. The Walton family controls

the majority of the company's shares, and Walmart is a publicly-traded corporation.

Also, in 2019, Walmart was crowned as the number grocery retailer in the United States

of America. According to Fortune 500, roughly 65 percent of its revenue came from sales in the

U.S. In 1972, Walmart listed on the New York Stock exchange. By 1988, Walmart became the

most profitable organization in the United States of America.

Shortly after, its outstanding successes, in 1989, it was named as the organization with

the most substantial revenue. Its operations in the early days restricted to the lower Midwest and

Southern states of America, but all that changed in the 1990s, its stores sprung up coast-to-coast

of the United States of America.

Today, Walmart's investments are practically worldwide. “One key to Walmart’s

success has been astute supply chain management. For example, Walmart was among the first

to use point-of-sale scanners to track product sales and reorder quickly to meet shifting

consumer buying patterns.

And Walmart has also been ruthless at forcing its suppliers to continuously lower their

costs” (Griffin and Pustay, 2015). Walmart achieved success in Mexico, Great Britain, Germany,

and the United States of America by retailing low-priced items in low-budget buildings, but safe.

, Walmart's low prices have placed massive stress on its competitors to cut their costs, change their

distribution networks, and reduce their profit latitudes. Walmart's hard-hitting pricing policy has

successfully strained its competitors to seek new business landscapes like markets in Asia,

Europe, and North America, specifically Canada (Griffin and Pustay, 2015).

Domestic and International Business Strategies

The fundamental differences between a national business strategy and an international

business strategy are how both referenced approaches are carried out or instead performed.

Domestic business strategy is economic transactions conducted within the topographical

boundaries of any given country.

Whereas, an international business strategy is economic transactions conducted outside the

boundaries of a nation. However, not restricted to one country.

For instance, the Walmart corporation operates domestically and internationally. Most

of Walmart's stores operate within the boundaries of the United States of America. Besides, it

also runs hundreds of stores around the world. Most of its products come from countries like

China, Bangladesh, Pakistan, India, Vietnam, etc. Walmart went global in 1991, through a joint

venture with a Mexican retail giant – CIFRA, which also led to the opening of Sam's Club in

Mexico City, Mexico. "The company first ventured outside the United States in 1991 to start a

joint enterprise in Mexico. It's Walmart's largest overseas market today, with more than 2,300

stores" (CNN, 2018).

Walmart’s Domestic versus International Strategy

Walmart's business strategy is a cost leadership strategy and a focused, low-cost setting

strategy, both domestically and globally. Both business strategies enabled by the economies of

scale resulting from Walmart in a critical scope. The idea is to promote its customers with

everyday low prices. Its domestic operations relatively cater to the low-and-middle-class-income

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller nerdpool. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75323 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling

Recently viewed by you


$7.49
  • (0)
  Add to cart