Further trade and investment barriers are detailed with reference to the observation of the World Bank. Finally entry mode and location choice is recommended for Walmart to operate in India, where the likely cross-cultural management point is also made. MAIN BODY Assessing Political System and Risk Political risk assessment is a vital part of international investment by multinational companies, where political risk all concerns to the risk that a host country ctreate through its political decisions that might be dterimental for on the success and survival of the multinational companyies in profitable manner. Unfavorable political system or policies might result in detriments in the extensive damage because of revolution to those of a more fiscal nature, in the form of the formation of laws that put off the movement of capital (Phung, 2009). Naturally whilst investing in Indian market Walmart needs to close assess the likely political risk situation in the country, from the perspective various factors relating to political risk.
Ones may not have knowledge of all the details; however, he or she should be acquainted with UCC regulations. When owners and operators understand UCC regulations, he or she can operate the business with more efficiency legally. Works Cited Case Scenarios: Grocery, Inc. (n.d.). Retrieved May 18, 2014, from University of Phoenix: https://ecampus.phoenix.edu/secure/aapd/SB/LAW421/Case%20Scenarios_%20Grocery,%20Inc.%20-%20Engage%20output/engage.html Melvin, S. P. (2011). The legal environment of business: A managerial approach: Theory to practice.
This is precisely the case in Wal-Mart. Nevertheless, further damage can be prevented by uncovering the main causes of the problems, and hence determining the appropriate organizational changes needed to be adopted (Wal-Mart Watch, 2007; Chew, Joseph, Cheng, Lazarevic, 2006; Sohal & Durian, 2006). 2. Wal-Mart Stores, Inc In line with the principles of effective management of organizational change, the report will analyze the current state of Wal-Mart. It will mainly focus on its operation in the US, highlighting any potential dangers and/or problems.
A Wal-Mart store opening can destroy almost three local jobs for every two they cre... ... middle of paper ... ...n. Conclusion Even though Wal-Mart has helped raised international standards in supply chain management in the industry, it does make Wal-Mart’s unethical methods acceptable. In the first three months of a year, Wal-Mart’s revenues triple compared to companies, such as Target. They have the money and resources to follow all labor rights. Wal-Mart is a great example of how multinational companies that have the power to do just about anything that they want. They think of ways to avoid paying for their expenses.
Distribution System ... ... middle of paper ... ...zil where they only have Sam’s Clubs and Super centers. Recommendations as it relates to its associates • Wal-Mart has to allow workers to file an accident report. • Wal-Mart needs to recognize injured worker’s right to time-loss compensation. • Wal-Mart has to increase its wages. • Wal-Mart has to stop its violation of labor law, including intimidation, coercion, harassment and illegal discharges Wal-Mart needs to stop cutting wages and benefits Recommendations as it relates to its customers • Walt-Mart’s customer service is strength to the company.
In 2015, Walmart implemented a risk based approach to auditing that allocated their auditing resources based on the risk level of the country where the facility is located. The audits are normally unannounced and conducted at facilities by third-party audit firms. So what does this mean to the Walmart organization. It is saying that they are a transparent company with nothing to hide. The company continues to continually evaluate risks in the supply chain, including the potential risk of forced labor and human trafficking.
Market development is pursing growth of the company by seeking “to find new customers for its present products” (Donnelly, Peter, 2007). C... ... middle of paper ... ... Wal-Mart CEO Lee Scott said it best, “Wal-Mart can take a leadership role, get out in front of the future, and make a difference that is good for our business and the world" (cited in PR Newswire, 2008 ¶ 2). Wal-Mart will continue to be the leader in every market it conquers by continually doing these things. References Bianco, Anthony, & Zellner, Wendy (2003, October, 6). Is Wal-Mart Too Powerful?
For Wal-Mart, strategic thinking is the process of continuously redefining its objectives. Competitive advantage over its competitors both actual and potential and management of risk to levels regarded as acceptable by the corporation’s main stakeholders.
Information is a key component to developing and maintaining an effective and profitable supply chain. The old saying “bad information in equal bad information out” has lead to the demise of profitability. In its information system, Wal-mart have been leading the charge for what a successful information system strategy looks like and how it can change a company from being good to great. Information Management System Wal-mart point of sale (POS) network use an information system software called Retail link. Retail link is an interlinking network that enables the companies and its suppliers to collaborate effectively regardless of boundaries and borders.