Ch 13 Organization of International Business Essay

1. Intro Background Wal-Mart Stores, Inc. was incorporated in 1969 and now is the world’s largest and most successful grocery retailer which was selected as world’s largest company in 2007, by Fortune 500. It has 8,970 stores in 15 countries and total revenue of $421,849 billion (2010). Wal-Mart’s main business strategy is ‘EDLP-Every Day Low Price’ which is the key-point of their success. To accomplish this strategy, they mainly focused on efficiency of distribution structure. They used ‘Cross-docking system’, ‘POS’ system, ‘QR-Quick Response’ System. All those strategies core values are ‘Time’ and ‘Response’. Shorten the time for everything includes distribution, storing, etc directly affected lower the price of goods which†¦show more content†¦The centralization wasn’t that bad when they started because there were not many things to care about. However, by the international division gets bigger, they had to deal with bunch of things from lot of different countries. The headquarter had to consider tons of decisions and problems. Of course the whole process got into arrears. In other word, the headquarter of Wal-Mart was overloaded. This condition was natural because the domestic way couldn’t be fitted same in other countries. Each international division tried their best in order to make maximum profit on their market, and that effort caused lot of things to be approved by headquarter. To solve this problem, Wal-Mart started to decentralize their international division. This helped each division to tailor them self more easily for the local customers. They could make decision and take action faster. Also they could response to local customer’s need instantly. I think this decision was pretty appropriate. Headquarter can focus to their main domestic market without waste their energy and international division also can make best result in their local market. 3. Do you think that having an international division is the best structure for managing Wal-Mart’s foreign operations? What problems might arise with this structure? What other structure might work? I think international division is moderate choice for Wal-Mart’s foreign operations. The head quarter canShow MoreRelatedFitt Case Study872 Words   |  4 PagesFITTskills: International Trade Finance Sixth Edition Course Objectives †¢ Define and discuss the â€Å"Four Pillars† of trade finance— payment facilitation, risk management, financing and the provision of information related to a transaction †¢ Describe the impact of technology on trade finance †¢ Describe the major products and services related to trade finance, including the role and requirement of each party to a transaction †¢ Discuss the importance of export credit agenciesRead MoreFin 370 Syllabus Essay examples1359 Words   |  6 Pages | | |School of Business | | |FIN/370 Version 7 | | |Finance for Business | Copyright  © 2012, 2011, 2010, 2008Read MoreBUSN115 Final Exam Study Guide1656 Words   |  7 Pagesquestion should answer the question completely and average 2 – 3 paragraphs in length. The exam reflects the following course objectives and possible topics: TCO 1 Chapters 1, 2, 3, 5, 6, 13 and 15 Weeks 1, 2, 4 and 5 Given a description of a typical business, demonstrate how that business acts within our economic system to achieve its goals as well as those of society, along with an understanding of how the future may impact these goals. Understand the relationship and interactionRead MoreSyllabus Essay1480 Words   |  6 PagesPolicies School of Business Administration - Oakland University Winter 2015 Time: 3:30-5:17 PM ï‚ ·MW Instructor: Tianxu Chen, Ph.D. Office: Elliot Hall Room 300 Office Hours: By appointment. E-Mail: tchen234@oakland.edu I. Course Description This capstone course in Strategic Management aims to equip you with the knowledge and analytical tools essential to comprehend and analyze how firms formulate and implement strategies. In doing so, you will learn how leaders of successful organizations make decisionsRead MoreDavid Sm14 Ppt 01 Chap011556 Words   |  7 PagesHall Ch 1 -1 Learning Outcomes ï  ® ï  ® ï  ® ï  ® ï  ® ï  ® ï  ® ï  ® Describe the strategic-management process Discuss the three stages in strategic management process (strategy formulation, implementation and evaluation activities) Explain the need for integrating analysis and intuition in strategic management Define the key terms in strategic management Discuss the benefits of strategic management Explain why some firms do not engaged in strategic planning Effective Strategic Planning Comparing Business and MilitaryRead MoreManaging Strategy6237 Words   |  25 Pages14 Learning Outcomes 14 Indicative Content 14 Indicative Reading List 15 Sample Questions 16-17 Business Research Methodologies 18 Module Description 18 Learning Outcomes 18 Indicative Content 19 Indicative Reading List 20 Sample Questions 22-24 25 International Business 26 Module Description 26 Learning Outcomes 26 Indicative Content 26 Indicative Reading listRead MoreContract and Electronic Reserve Readings. Essay2348 Words   |  10 Pages | | |School of Business | | |LAW/421 Version 1 | | |Contemporary Business Law | Copyright  © 2011 by University ofRead MoreEli Lilly3325 Words   |  14 PagesMultinational Management (MSc IBM) - Page 1/9 THE UNIVERSITY OF MANCHESTER Manchester Business School MULTINATIONAL MANAGEMENT Version 2015-02-09 Academic Year 2014-2015 Course unit Title: Multinational Management Course unit code: BMAN 70012 Credit Rating: 15 credits 1 Instructors Contact details Umair.Choksy@mbs.ac.uk Room: MBS East F3 Office hours: by arrangement Noemi.Sinkovics@mbs.ac.uk www.manchester.ac.uk/research/noemi.sinkovics Phone: (0161) 275 6492 Room: MBS East F11 Office hours:Read Moremkt 4312229 Words   |  9 Pages Syllabus School of Business MKT/431 Version 1 Small Business Marketing Schedule:12/04/2013 - 01/15/2014 Campus: PUERTO RICO CAMPUS Group ID: BS0613WE 3 Credits 36 Contact Hours Copyright  © 2009 by University of Phoenix. All rights reserved. Course Description Knowing your customer, growing your customer base and creating a consumer driven culture are key drivers of sustainability in the small business. This course focuses on the functions of evaluating opportunities, creating valueRead Moremiss Haleema1043 Words   |  5 PagesCritically Examine How Hrd Programmes Can Help Organisations and Its Employees to Remain Competitive in Their Business. Free trade agreement among countries and the aid of advance technology made economic globalization becoming threats and opportunites for some organizations. Moreover, rapid changes and improvement in the products and services is inevitable in the competitive and demanding business arena. Many organi Premium 2706  Words 11  Pages Discuss the Key Issues Concerning the Effectiveness and