Walmart Management Problems Essay Example | Topics and Well Written Essays - 2000 words

Walmart Management Problems - Essay Example This creates the room for misjudging competitors and harming the relationship that the retailer will have with local suppliers. This is not the only problem that Wal-Mart faces the other problems include unions, low wages, sex discrimination, and others that have tarnished the name of the store. Wal-Mart Management Problems Looking at the last two decades will show how the global economy has gone through a radical transformation. Despite the fact that there are different geographic locations around the world separated by oceans and seas, improvement in technology has made the distance shrink completely. Some of the technological innovations that have made this possible are airplanes, satellite broadcasting, computers, fax machines, internet, and others. Technology has made it possible for business to expand internationally and get different suppliers from different parts of the world. Many people will talk about globalization and it simply refers to the worldwide economic activities of free flow of services, goods, knowledge, capital, competition, and open markets. Through globalization, global companies have been able to establish themselves in local markets while local companies have been able to go global. ... This is because it already has stores in Asia, Europe, and South America. Its expansion efforts are still on, as it has plans of putting up more stores both domestically and internationally (About Wal-Mart, 2001). The fact that the store is number one in the US does not guarantee it will be number one in the other countries. This is because of the challenges that lie ahead with the regulations of the country where it will be opening its stores and the local supplier’s willingness to supply the store with products. The culture adopted in the region will tell a lot if the store will be able to achieve its objective of being in business while offering customers with quality products and services. Despite globalization being good news for businesses, it has made competition to increase with the increase in number of competitors. The fact that everyone is currently concerned with the environment and looks for all possible means in which they can conserve the environment makes envir onment friendly businesses have an upper hand in dominating the market. Customers will be attracted to companies that are out to protect our environment that is already destroyed rather than companies that are out to see complete destruction of the little beauty left in our environment. Going green will help in ensuring that you have constant market for your goods and services. The Wal-Mart Culture (2004) explains Wal-Marts three basic beliefs and rules that makes the store different from its competitors. However, Gilman (2004), Jones (1998), and Menzer (2001) give the reasons for the rate at which Wal-Mart is expanding in to the international market. They have a strong belief that Wal-Mart will dominate the US market in the future. A number of