...in the United States, however Wal-Mart quickly realized that to succeed, it would have to adapt to local demands. The company hired local managers who understood the Mexican culture and buying preferences, and changed its strategies accordingly. Wal-Mart continued its international expansion by establishing operations in Europe and South Korea, but in these markets, the company had less success. Not only did Wal-Mart compete head-to-head with established retailers, but its product offerings did not match the needs of consumers. Wal-Mart has had much greater success in China where it has found some similarities between the shopping habits of the Chinese and Americans. 1. Do you think Wal-Mart could translate its merchandising strategy wholesale to another country and succeed? If not, why not? No, I don’t think Wal-Mart could translate its merchandising strategy wholesale to another country and succeed because their merchandising strategy is based on the methods and culture of retailing of the United States. Also, as we learned in the text many countries and have different cultures and background so the company moving into a new country needs to adapt to the differences and find the right technique that works in that market as opposed to sticking with the original strategy in its country. Basically, Wal-Mart cannot just go into any country and simply implement the same strategy used in the U.S. for that new country without doing some research first to see...
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...anchor in each person that the transcontinental journey is the very last big thing to be done in the South. He tells us that this is a not only a big accomplishment, but also the last accomplishment. It is well understood what needs to be done, why it is important, and why we are going to do it(BYCV 12). There is a lesson to be learned from Shackleton that sometimes it is not us that crosses the finish line first. We knew going in that the goal was big, hairy and audacious, and it could not be those things without an opportunity for failure. No matter the outcome it is critical to provide both the path and the momentum to drive and initiate forward movement (BYCV 13). Returning to the article “Building Your Company’s Vision”, Collins and Porras framework for vision, also defines the core ideologies that establish and sustain a vision (BYCV 1). The core ideologies are comprised of two sub parts which are Core Values:the handful of guiding principles by which a company navigates, and the Core Purpose, an organization's most fundamental reason for being (BYCV 1). Is is easy to be tied up in who Shackleton was, and what was his core purpose, and seek to understand how he lead his team, but in doing so you miss the true purpose of...
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...1. Do you think Walmart could translate its merchandising strategy wholesale to an other country and succeed? I do think Wal-Mart could translate its merchandising strategy to another country, but it would depend on the country. While Walmart might be able to successfully operate in some countries, it might fail in some. For instance, Wal-Mart translated its merchandising strategy whole sale to both Mexico and China and succeeded and yet they failed in South Korea and Germany. To succeed in a certain country, Walmart needs to understand the country’s culture, their customer’s purchasing habits and preferences as well as do some research on their competitors in that country before they enter into a new market. Without taking all these into consideration and adjusting their strategy to the particular market, Walmart could fail in that country. 2.Why do you think Walmart was successful in Mexico? When Walmart hit some headwinds in Mexico, they quickly discovered the differences between shoppers in Mexico and the US which is why WalMart adjusted its strategy to meet the country’s local conditions, first by hiring local managers who understood Mexican culture, and then letting those managers control merchandising strategy, building smaller stores that people could walk to, and offering more fresh produce. At the same time, the company believed that it could gradually change the shopping culture in Mexico, educating consumers by showing them the benefits of its American merchandising...
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...Economic Case Study: Proposed List Of Research Projects In International Development As a group you need to select one macroeconomic issue/policy from this list based on macroeconomic issue that interests you. I have also given a few study questions to assist you to critically think about the issues and the related policy solution. The study questions (the bulleted text) should only be used as helpful reference points for your further research on the economic subject of your interest. Accordingly please select your group so that each member can work on different dimensions of your research subject. Economic Issues related to the BRICS China: Facing the 21st Century China is without doubt currently the most dynamic force in Asia; it may be the most dynamic force in the world. Moreover, if China continues along its present trajectory, its growth will inevitably change the face of Asia. How did China do this? Where is China heading? What is happening in China? How did China do this? • What are economic strengths and challenges facing China today? • What is the impact of China's growth on other Asian countries? • What are the critical next steps for China in terms of its currency? What are their problems? India: Facing the 21st Century Some say we need to talk about “Chindia” as the new dynamic growth economy. India alone has shown growth of over 9 percent and is one of the fastest growing nations in Asia. • What are India’s economic...
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...Wal-Mart’s Foreign Expansion 1. Do you think Wal-Mart could translate its merchandising strategy wholesale to another country and succeed? If not, why not? Wal-Mart cannot translate its merchandising strategy wholesale to just any country. It has to be willing to adapt its strategy to the local culture and the local buying patterns, etc. For example, where Wal-Mart was successful (China and Mexico), it adapted to meet the needs of the local shopper. In Mexico, Wal-Mart hired local managers to help it find ways to adapt to the local culture and to better meet the needs of local shoppers, it provided smaller stores that people could walk that were stocked with more fresh produce. In China, Wal-Mart redesigned meat packaging and offered live fish that the buyer could net and take home for dinner that day. This practice made Wal-Mart more appealing to the Chinese shopper because they prefer fresh meat and fish. In the countries in which Wal-Mart failed (Germany and South Korea), it failed to adjust its discount strategy that had previously worked but did not appeal to the local shoppers. The shoppers in Germany and South Korea preferred to shop at rival stores that stocked higher quality merchandise. Potentially Wal-Mart might have succeeded in these countries had it been willing to stock some higher quality merchandise; however, this would be counter to the strategy that has proved to be so successful for the company otherwise. 2. Why do you think Wal-Mart was successful...
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...battle for dominance the global PC business. Thanks to the diversity of its workforce, Lenovo is able exceed market expectations Lenovo strives to attract, retain and develop its workforce Its employees must have skills and capabilities required for working in a global enterprise Fair share of women in management positions Lenovo engage same amount of Chinese and same amount of Americans in its top management team 2. What strategy do you think the company is pursuing? Does its staffing policy match its strategy? Lenovo is pursuing a geocentric staffing strategy/policy. Yes, the staffing policy matches the Lenovo’s business strategy, which is to exceed market expectations and be a strong player on the global market. So that Lenovo uses its staffing strategy, engaging the global workforce to fulfil its business strategy. Lenovo consider its workforce as the global workforce that is capable of going head-to-head with its competitors in the battle for dominance in the global PC business. 3. What are the strengths of Lenovo’s staffing policy? Can you see any potential weaknesses, or problems, that the company might encounter as a result of this policy? STRENGTHS Lenovo strives on retaining managers, engineers, salespersons (key people) in company by moving company’s headquarter to New York (otherwise it would lose them) According to Lenovo’s goal to become truly global enterprise with the global workforce, Lenovo applies its staffing policy (geocentric...
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...the Gains from Trade 3 • You wake up to an alarm clock made in Korea. • You pour yourself orange juice made from Florida oranges and coffee from beans grown in Brazil. • You put on some clothes made of cotton grown in Georgia and sewn in factories in Thailand. • You watch the morning news broadcast from New York on your TV made in Japan. • You drive to class in a car made of parts manufactured in a half-dozen different countries. Copyright © 2004 South-Western Copyright © 2004 South-Western/Thomson Learning Interdependence and the Gains from Trade • . . . and you haven’t been up for more than two hours yet! • Remember, economics is the study of how societies produce and distribute goods in an attempt to satisfy the wants and needs of its members. Copyright © 2004 South-Western Copyright © 2004 South-Western Interdependence and the Gains from Trade • How do we satisfy our wants and needs in a global economy? • We can be economically self-sufficient. • We can specialize and trade p with others, leading to economic interdependence. Interdependence and the Gains from Trade • Individuals and nations rely on specialized production and exchange as a way to address problems caused by scarcity. • But this gives rise to two questions: • Why is interdependence the norm? • What determines production and trade? Copyright © 2004 South-Western Copyright © 2004 South-Western 1 Interdependence and the Gains from Trade • Why is interdependence the norm? ...
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...Statement: Homosexuals in South Africa are discriminated against at colleges and universities they attend. Introduction: After high school, most scholars look forward to the “university life”, as that is where you expect to discover who you truly are and where you belong in the world. Because the student community at universities are so diverse based on race, gender and backgrounds, you expect to experience acceptance, unity and from there, also adopt me confidence. In spite of this, it isn’t always easy for homosexuals to express themselves as they are, because many of the other students seem to be overly judgemental towards them. The following research proposal is conducted to identify what homosexuality is, and how students that...
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...There are many reasons why Wal-Mart‟s business model failed in South Korea, such as Consumer preferences and culture, Location, and Marketing arrogance all contributed to what one economist referred to as a failure. But under these basic economic decisions were a host of basic cross-cultural mistakes that fuelled the company’s poor strategic planning. 1. Consumer preferences and culture Most individuals believe that Wal-Mart failed to understand South Korean’s consumer preferences. Wal-Mart had relied on its proven business model and its strategy in offering low prices for products. However, low prices alone were insufficient to make a successful business case in South Korea. South Koreans have different consumer preferences than Americans do; they are not necessarily interested in the same products. For instance, South Koreans like fresh vegetables and fresh food rather than dry products and the type of clothing that Wal-Mart sells. The South Korean culture is also very tied into its markets; they are one of the largest countries that are deeply involved in local markets. 2. Location Most Wal-Mart outlets in South Korea were placed outside instead of in the cities. South Koreans expect easy accessibility to shopping facilities within the larger cities without the need to travel. Also, South Korean consumers shop more frequently than most Americans do. They may not purchase many things at once, but they will usually get at least one item. Some individuals felt that Wal-Mart...
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...Chapter 16 THE SOUTH AND SLAVERY, 1793–1860 1. Part Three Introduction This introduction gives you a preview of the authors’ answers to certain key questions about the causes and consequences of the nation’s “awesome trial by fire,” the Civil War. Look at this section and list three major questions you think the authors will be addressing in the next seven chapters. (1) (2) (3) 2. Southern Economy and Social Structure a. Explain the connection between the invention of the cotton gin by Eli _________ in 17___ and the rapid expansion of short-staple cotton production based on slave labor in the South. If the cotton gin actually made picking seeds from cotton much easier, why did planters perceive a vastly increased need for slave labor? b. Cotton was king in both the South and in Britain. By 1840, cotton amounted to _____percent of U. S. exports and accounted for more than _____percent of the world’s supply. Britain’s economy was based on cotton textiles, and Britain got _____percent of its fiber supply from the South. (No wonder Southerners thought England would “be tied to them by cotton threads” in the event of conflict with the North.) c. List two negatives of this Southern plantation economy mentioned by the authors. (1) (2) d. Although most slaves were owned by the large-scale planters, most slave-owners held only a few slaves each, and often worked together with them in the fields. The chart on p. 353...
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...director doesn’t have enough knowledge in the field of marketing that why he tries to turn him down when he comes up with his plans of growing the company from 10% to 15%. He says” “There’s no way we can achieve double-digit growth this year.”” How actions of Green differ from Davis’s expectation From the email that Frank Davis, marketing director, sends to Thomas Green, senior marketing specialist, it’s evident what Davis expects Tom to do at all the times. Tom, this week’s client meetings went well, but they would have gone better if you had been on top of the market data,” it read. “When you’re on your own, I expect you to be better prepared. It’s essential for your new responsibilities in developing market strategies for your region.” This shows that the actions that had been taken by Green previously were not satisfactory to Davis. Davis also expects Thomas Green to follow all the instructions and job assignments he gives to him. This is illustrated by the phrase he uses to remind him that he has 20 years of experience. Davis said “Yes, I’m aware of web competition, Tom. I’ve been doing this for 20 years”. Tom, a senior marketing specialist wants to show Davis that he has a wider knowledge on marketing. This doesn’t impress Davis at all. He expects senior marketing specialist to bend down and take instructions from him since actually he is the marketing director of this esteemed D7 Displays Company. That’s why he commands the meeting when Tom involves himself in argument with...
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...Over the past five weeks, learning about leadership in a diverse society has given me clarity of the tools I need to become a more effective leader. In the short few weeks we focused on self-assessing leadership theories, management, time management, personality traits, conflict handling style, and emotional intelligence according to my type of leadership. Self-assessing each of these components has given me the proper tools to improve my leadership and I am intrigued about what I found out about myself on this journey to enhance my leadership skills. Discovering the tools needed from a combination of leadership theories management, time management, understanding my personality traits, understanding conflict handling styles, the importance of the emotional intelligence, using the instructor’s recommendations, and understanding the role of nurse informatics and its technology in healthcare has helped me better understand my leaderships strengths and how to repair my weaknesses. I have learned many different things about leadership, management, and time management. According to a 2014 article by MSc Nizar Said defines time management as, “The ability of a person to use the time function to accomplish the tasks in the exact timing” (Said, 2014). It is important to acquire effective time management skills to use time efficiently. This same article states, “Time management is recognized as an important component of work performance and professional nursing practice, as well as help...
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...of the southern population must take an oath of loyalty to be able to be represented in Congress? Why did you choose that number? Fifty percent of the state’s voters in the presidential election should take an oath of allegiance to the United States and should be pledged to bide by emancipation. The state government would be within the state and then the state would be re-admitted into the Union. That way fifty percent of voters would have a say so and an opinion. 2. Should the 13th Amendment be acknowledged and should civil rights be guaranteed by all state constitutions? Why or why not? Yes, I think the 13th Amendment should be acknowledged because slavery should be banned and slaves should have all the freedoms that...
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...__________________________ World History Unit Two: Global Inequality [pic] An Overview of Jared Diamond’s Guns, Germs, and Steel Why do some nations have so much material wealth while so many others have so little? This was the question Jared Diamond posed in his book Guns, Germs, and Steel. After identifying a point in time when all societies were roughly equal (over 13,000 years ago), Diamond identified the key variables that allowed some societies to develop highly complex, material-rich societies, while others developed at much slower rates. Guns, Germs, and Steel uncovers how Europeans came to dominate every other group on the planet by virtue of their access to what Diamond terms the “Agents of Conquest”: Guns, Germs, and Steel. Jared Diamond’s journey of discovery began on the island of Papua, New Guinea. There, in 1974, a local named Yali asked Diamond a deceptively simple question: "Why is it that you white people developed so much cargo (material goods), but we black people had little cargo (material goods) of our own?" Diamond realized that Yali's question penetrated the heart of a great mystery of human history -- the roots of global inequality. Why were Europeans the ones with all the cargo? Why had they taken over so much of the world, instead of the native people of New Guinea? How did Europeans end up with what Diamond terms the Agents of Conquest: Guns, Germs and Steel? It was...
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...1. Do you think Wal-Mart could translate its merchandising strategy wholesale to another country and succeed? If not, why not? Wal-Mart is the worlds largest retailer with a bunch of advantages above the rest. I think it is extremely possible for Wal-Mart to translate it’s merchandising strategy wholesale to another country and be highly successful. The main method to focus on is being able to understand the culture and environment that it would need to transition its methods to. For example, China originally turned its nose up at the Americanized way that Wal-Mart presented itself when it first opened. Chinese culture didn’t agree with many things, the main thing being that the meat was sold in Styrofoam or that the fish was dead, it was offensive to them. So Wal-Mart adapted to the Chinese culture and it has been a huge success for them. 2. Why do you think Wal-Mart was successful in Mexico? I think Wal-Mart was successful in Mexico because they hired local managers that were very well versed in the Mexican Culture and they allowed them to control the merchandising strategy as they saw it. After reading this case study I learned that adaption is the key to survival in different environments and economies. Since there are very few vehicles in Mexico transportation is slim, so by building smaller, closer stores was another huge benefit of it being successful in Mexico. 3. Why do you think Wal-Mart failed in South Korea and Germany? What are the differences between...
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