The World's Biggest Corporation in the Global Economy
Author: Stanley D. Brunn
Pubpsher: Taylor & Francis
Category: Business & Economics
Now that Wal-Mart has conquered the US, can it conquer the world? As Wal-Mart World shows, the corporation is certainly trying. For a number of years, Wal-Mart has been the largest company in the United States. Now, though, it is the largest company in the world. Its global labor practices and outsourcing strategies represent for many what contemporary economic globalization is all about. But Wal-Mart is not standing still, and is opening up stores everywhere. From Germany to Beijing to Mexico City to Tokyo, more than a billion shoppers can now hunt for bargains at a Wal-Mart superstore. Wal-Mart World is the first book to look at this incredibly important phenomenon in global perspective, with chapters that range from its growth in the US and impact on labor relations here to its fortunes overseas. How Wal-Mart manages this transition in the near future will play a significant role in the determining the character of the global economy. Wal-Mart World's impressively broad scope makes it necessary reading for anyone interested in the global impact of this economic colossus.
Release on 2013 | by Nicholas Copeland,Christine Labuski
Discounting the American Dream
Author: Nicholas Copeland,Christine Labuski
Category: Social Science
This book demonstrates the usefulness of anthropological concepts by taking a critical look at Wal-Mart and the American Dream. Rather than singling Wal-Mart out for criticism, the authors treat it as a product of a socio-political order that it also helps to shape. The book attributes Wal-Mart's success to the failure of American (and global) society to make the Dream available to everyone. It shows how decades of neoliberal economic policies have exposed contradictions at the heart of the Dream, creating an opening for Wal-Mart. The company's success has generated a host of negative externalities, however, fueling popular ambivalence and organized opposition. The book also describes the strategies that Wal-Mart uses to maintain legitimacy, fend off unions, enter new markets, and cultivate an aura of benevolence and ordinariness, despite these externalities. It focuses on Wal-Mart's efforts to forge symbolic and affective inclusion, and their self-promotion as a free market solution to social problems of poverty, inequality, and environmental destruction. Finally, the book contrasts the conceptions of freedom and human rights that underlie Wal-Mart's business model to the alternative visions of freedom forwarded by their critics.
Praise for WHAT I LEARNED FROM SAM WALTON "Michael Bergdahl’s book presents unique insights into the staggering international success of Wal-Mart. Throughout the pages of this book, you can almost hear Sam Walton himself coaching and inspiring his legion of employees to greatness." –Tracy Mullin, President and CEO, National Retail Federation "Retailers, non-retailers, manufacturers, and suppliers will enjoy Bergdahl’s insights into Wal-Mart’s service culture and its leadership icon, Sam Walton." –Roger J. Dow, SVP Global and Field Sales, Marriott International, Inc. "Mike Bergdahl, in his book, What I Learned from Sam Walton: How to Compete and Thrive in a Wal-Mart World, has provided a complete digest and compilation of the various objectives, tactics, policies, procedures, mindsets, and culture used by the world’s largest retailer. This book offers any business person the opportunity to assess and evaluate the effort, drive, and commitment, one must have to effectively and profitably compete at retail today against a formidable and predatory competitor. The insights, strategies, and steps presented are a career of observations in successful marketing, business efficiency, human resource management, and customer focus. All retailers today, face the challege of becoming and maintaining relevant to the consumer today. This book offers clear and concise suggestions on what has been done by Wal-Mart and what could, and may be done by all other retailers seeking to become alternative shopping experiences for the consumer." –J.H. Campbell Jr., President/CEO, Associated Grocers, Inc., Baton Rouge, Louisiana past chairman of the Board of Directors, National Grocers Association Bergdahl outlines his competitive strategy with the acronym P.O.C.K.E.T.S. P – Price: Don’t try to compete on price; differentiate your product selection. O – Operations: Break the retail "ready, shoot, aim" tactical orientation by developing an actual strategy to compete. C – Culture: Build a can-do culture with a strong sense of urgency. Communicate your values and beliefs over and over again to your employees. K – Key Item Promotion/Product: Determine who you are and uniformly communicate your brand message to your entire team. E – Expenses: Become obsessed about controlling costs. T – Talent: Recruit constantly and hire people who have both experience and high potential. S – Service: Never take your customer for granted. Empower your employees to make decisions involving customer concerns.
How the World's Most Powerful Company Really Works--and HowIt's Transforming the American Economy
Author: Charles Fishman
Category: Business & Economics
Wal-Mart isn’t just the world’s biggest company, it is probably the world’s most written-about. But no book until this one has managed to penetrate its wall of silence or go beyond the usual polemics to analyze its actual effects on its customers, workers, and suppliers. Drawing on unprecedented interviews with former Wal-Mart executives and a wealth of staggering data (e.g., Americans spend $36 million an hour at Wal-Mart stores, and in 2004 its growth alone was bigger than the total revenue of 469 of the Fortune 500), The Wal-Mart Effect is an intimate look at a business that is dramatically reshaping our lives.
Seminar paper from the year 2010 in the subject Business economics - Operations Research, grade: 1,0, Anglia Ruskin University, course: International Business, language: English, abstract: With Wal-Mart being one of the biggest retailers in the world, serving customers in more than 8,650 retail units in 15 countries, as stated by the company (Wal-Mart, 2010), it makes the perfect example to look at in terms of globalisation and the impacts and strategies that relate to it. A very brief explanation by Holm and Sørensen (1995, p. 12) defines globalisation as “The intensification of economic, political, social and cultural relations across borders”. In my opinion this phrase is too superficial to actually explain all the outcomes and interrelations of the complexity of globalisation. It is also unknown regarding how to measure the degree on relations across the world and also their intensification as well as whether relationships exist between the economic, political, social and cultural relations. I believe that a definition should also be addressed about the technological and financial transformation that is currently taking place, the geographical reallocation of production and the emerging of a „powerless nation state“. Others see the phenomena of globalisation rather simple. Levitt (2006, p. 133) stated that “The world’s needs and desires have been irrevocably homogenised”, which leads one to believe that consumer tastes around the world appear to merge. While this is also referred to as the ‘simultaneous theory of internationalisation’, it means that standardised products, services and strategies can be used around the globe. Keeping in mind of Levitt’s thesis, this paper first gives a general overview of the impacts of globalisation on Wal-Mart as this is important to understand ongoing argumentation. Later, it will concentrate on Wal-Mart’s presence in Germany, explaining the market entry into the country while concurrently focusing on strategies used and outcomes of the company’s actions in Germany.
After carving up the once lovingly cared-for downtowns of Small Town America, Wal-Mart launched a frontal assault on mom-and-pop businesses all over the globe. With 1.5 million employees operating more than 3,500 stores, Wal-Mart is now the world's largest private employer. In this third edition of How Wal-Mart Is Destroying America (and the World), intrepid Texas newspaperman Bill Quinn continues the fight. Featuring detailed accounts of Wal-Mart's questionable business practices and the latest information on Wal-Mart lawsuits, vendor issues, and efforts to stop expansion, Quinn shows why Wal-Mart Stores, Inc., is arguably the most feared and despised corporation in the world. Whether you're a customer fed up with Wal-Mart's false claims, a vendor squeezed by strong-arm tactics, a worker pushed to increase the Waltons' bottom line, or a concerned citizen trying to save your hometown, this book will show you how to get Wal-Mart off your back and out of your backyard. BILL QUINN is a World War II veteran, retired newspaperman, and certified anti-Wal-Mart crusader. He lives with his wife, Lennie, in Grand Saline,Texas.
Through the stories of people linked by the world's largest corporation, Bethany Moreton shows how a Christian service ethos powered capitalism at home and abroad. While industrial America was built by and for the urban North, rural Southerners comprised much of the labor, management, and consumers in the postwar service sector that raised the Sun Belt to national influence. These newcomers to the economic stage put down the plough to take up the bar-code scanner without ever passing through the assembly line. Industrial culture had been urban, modernist, sometimes radical, often Catholic and Jewish, and self-consciously international. Post-industrial culture, in contrast, spoke of Jesus with a drawl and of unions with a sneer, sang about Momma and the flag, and preached salvation in this world and the next. - Publisher.
What it Really Takes to Profit in a Wal-mart World
Author: William H. Marquard
Pubpsher: McGraw Hill Professional
Category: Business & Economics
[FRONT COVER QUOTE] "Wal-Smart is the business strategy book for the 21st century. It is essential reading for any leader facing the daunting challenges of this global economy."-Mark Hansen, Former President and Chief Executive Officer, SAM's Club [BACK COVER] Wal-Mart created a new economy that touches every business on the planet. To survive and thrive in a world ruled by giants, you need to make smart choices. You need to be... Wal-Smart "Wal-Smart reminds me why I have hired and worked with Bill over many years. He and his book are focused on the right business DNA."-James B. Adamson, Former Chairman/CEO, Kmart "This book is not just about how to compete as a retailer, but how to win in any competitive business environment. As an insider, Bill Marquard does an excellent job revealing strategies to make this a reality."-Corey A. Griffin, Chief Executive Officer, The Boston Company Asset Management, LLC "Full of deep insights from Wal-Mart that will help any company rethink how it can approach and dominate its market." --Jeffrey K. Liker, Ph.D., author, The Toyota Way "Compelling insights powerfully expressed. Wal-Smart offers the best guide yet for any business facing the daunting challenge of a dominant competitor."-Hank Meijer, co-chairman of Meijer, Inc. "Wal-Mart is the case study. Wal-Smart is the answer key!"-Chris Fisher, Partner, Ducker Worldwide [FRONT FLAP COPY] THE SECRET OF WAL-MART'S SUCCESS-AND YOURS No matter what industry you work in, Wal-Mart influences the way you do business. In providing a new level of convenience, low price, and efficiency, Wal-Mart has substantially changed the rules of the global economy, the customer expectations for every business-and the ways your organization must deliver to keep up. Is it even possible to thrive in a world ruled by this, and other, industry giants? Yes, it is possible-if you're "Wal-Smart," says Bill Marquard. The architect of Wal-Mart's first-ever strategic planning process, Marquard takes you on a rare tour of what's really driving Wal-Mart's success, from its prowerful process disciplines to its hidden management "DNA" to its simple, but elegant, productivity loop. Wal-Smart then answers our most gut-wrenching question as business leaders in any industry: Now that we're immersed in the Wal-Mart world, what are we going to do about it? Marquard prescribes the smart choices you need to make in every aspect of your business: as competitors, suppliers, employers, and community members. Throughout are stories of triumph-and of defeat-that distill the critical strategic choices you must make to win in the shadow of any giant of industry . . . or to become the giant ourselves. Wal-Smart is not just a book about Wal-Mart. It is a book about the principles of leadership in a Wal-Mart economy. It equips leaders, managers, and anyone in the business community with the essential strategies that really work to survive and thrive in this brave, new Wal-Mart world.
The Untold Story of Sam Walton and how Wal-Mart is Devouring the World
Author: Bob Ortega
Pubpsher: Kogan Page Publishers
Wal-Mart's mighty presence is no longer restricted to America. To the alarm of the UK retail sector, June 1999 saw Wal-Mart devour Asda. And given Wal-Mart's track record in the rest of the world, such alarm is well-founded. For instance, within seven years of Wal-Mart invading Canada and Mexico it became the largest retailer in both countries. It took less than two years for it to become the fourth largest retailer in Germany, while France and several Scandinavian countries now look destined for Wal-Mart's shopping basket. In Sam We Trust offers an exhaustive in-depth investigation into this powerful retailing empire. Bob Ortega, The Wall Street Journal's authority on Wal-Mart, goes beyond the headlines and Sam Walton's carefully crafted public image to reveal the ruthless penny-pinching manipulator behind the visionary genius. He also provides an illuminating history of retailing that includes case studies of such important Wal-Mart competitors as Sears, J.C. Penny, Price Clubs and, of course, Kmart. In Sam We Trust describes in detail not only how Wal-Mart became what it is, but also how it works today. In this new edition, Bob Ortega brings us up to date with Wal-Mart's worldwide shopping spree and gives us a unique peep behind the doors of the Asda deal and its likely impact on British retailing, shoppers and communities. In Sam We Trust provides a fascinating context for current developments: Ortega's incisive analysis of Sam Walton's controversial rise to power and the creation of the world's most successful retail business makes for a shocking yet compelling read.
Although many firms label themselves 'global', very few can back this up with truly global sales and operations. In The Regional Multinationals Alan Rugman examines first-hand data from multinationals and finds that most multinationals are strongly regional, with international operations in their home regions of North America, the US or Asia. Only a tiny proportion of the world's top 500 companies actually sell the same product and deliver the same services around the world. Rugman exposes the facts behind the popular myths of doing business globally, explores a variety of regional models and offers an authoritative agenda for future business strategy. The Regional Multinationals is the essential resource for all academics and students in International Business, Organization and Strategic Management, as well as those with an interest in finding out how multinationals really work in practice and how future strategy must respond.