Over the past three decades, Wal-Mart changed from being a small company to the largest company in the world. (HBS 2003:1). Wal-Mart’s strategy heavily depends on two aspects in order to drive success: lowering costs and controlling its global supply chain. Wal-Mart’s initial strategy relied on offering low prices, and over time, this has resulted in a Wal-Mart exploiting the low prices by becoming the single largest US importer from China. (7) Another key element of Wal-Mart’s low-cost strategy has been to encourage significant consolidation of global value chains (Gereffi 2005:3). This consolidation has helped to give Wal-Mart greater power over the su...
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