SAVE MONEY. LIVE BETTER. WAL-MART'S POETENTIAL IMPACT ON NEW YORK CITY Management 520: Legal, Political Ethical Dimensions of Business Professor Pamela Aurelien Lena Alston lenaaalston@aol.com (516) 425-0814 Francisco Lazaro franciscolazaraojr@yahoo.com (347) 494-8147 Tajuna L. Sharpe tajuna629@gmail.com (347) 659-7010 Group Presentation Outline Interstate Commerce: The of Walmartization of New York City 1. Introduction A.
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LOUISA GAY Wal-Mart in Europe “Never resist change… We have to be able to place a store or club side-by-side with the competition and beat them every time.” —!David Glass, Director and Chairman of the Board, Wal-Mart1 “In Germany, we know how retail is spelled.” —!Holger Wenzel, Director, German Retail Federation Introduction “What are the 10 worst things we can do to fail?”2 This was how Lee Scott, CEO of Wal-Mart, summarized Wal-Mart’s approach to working in Germany. Wal-Mart had entered
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Ilan Hadass June Tan Christian Zapf 1 1. Define Wal-Mart’s strategy Traditionally, Wal-Mart has essentially had a low-cost, high volume strategy. The strategy aims at customer satisfaction through low prices and relatively good customer service. Here are the basic details. • Low cost: Wal-Mart has lower operating expenses than the industry average. The primary cost advantage is Wal-Mart’s superior distribution capability (location of stores, inside-out growth patterns, cross-docking, superior
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WORKING PAPER NO: 366 Foreign Direct Investment in India’s Retail Sector: Some Issues Murali Patibandla Professor Corporate Strategy & Policy Indian Institute of Management Bangalore Bannerghatta Road, Bangalore – 5600 76 Ph: 080-26993039 muralip@iimb.ernet.in, m_patibandla@yahoo.com Year of Publication June 2012 1 Foreign Direct Investment in India’s Retail Sector: Some Issues Abstract Foreign direct investment (FDI) plays an important role in India’s growth dynamics. There are several
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2013 University of Phoenix XMGT/230 Sam Walton opened the first Wal-Mart store in Arkansas on July 2, 1962, (Carson, 1999-2013). The vision of Sam Walton for his store Wal-Mart was to provide lower prices and to reflect on the values of the community and the customer. Consumers remember Wal-Mart for its motto "customer satisfaction" and “guaranteed lower prices." Wal-Mart offers employee training for everyone in the store from the greeters to the managers to ensure excellent customer skills
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plan aims to increase Wal-Mart’s inventory turnover ratio but at the same time, making sure that sufficient inventory would be available to meet demand, leading to increase in sales, particularly in the apparel category, by 5% in one year. Aside from that, this marketing plan aims to aid Wal-Mart: * To develop Wal-Mart’s own brand of new cheap chic apparel line * To improve advertising and merchandising support of the apparel category * To spruce up the store design concept in the in
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Background Wal-Mart Stores, Inc. is a public corporation that runs a chain of large discount stores and a chain of membership required warehouse stores. Sam Walton founded the company in 1962, and since then Wal-Mart has become a global company with annual sales of $405 billion for the fiscal year of 2010 (Wal-Mart Corporate). In 1992, Sam Walton passed away and many doubted the future of the company under the leadership of David Glass, CEO and Don Soderquist, COO. The Company suffered in April
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convenience store aimed at providing customers with low cost goods. Unlike other convenience stores of its time, Sam Walton gained a competitive advantage by implementing innovative business models within his operations and finance departments (complex supply chain management and low profit cost-cutting schemes, respectively). Over the next 65 years, Wal-Mart grew to be the largest corporation in the United States with over 5,000 stores and a staggering 1.2 million employees. In fact, Wal-Mart’s staff
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1. Business-level Strategy Walmart uses a combination strategy of cost leadership and differentiation. They provide a wider variety of products and services with the same or better quality at a price that is cheaper than their competitors can provide. Walmart concentrates on finding ways to lower their costs by constantly rethinking how to complete their primary and support activities to reduce costs still further while maintaining competitive levels of differentiation. Their successful supply
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One nation under Wal-Mart The huge corporations that produce our cars appliances, computers, and other products many of them household names like Nike, Coca- Cola, and Johnson & Johnson are a familiar feature of contemporary capitalism; However, Wal-Mart represents something new on the economic landscape. Now the world’s largest company, Wal-Mart has achieved its corporate preeminence not in a production but in retail. No other retailer, at any time or in any place, has ever come close to being
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