Walmart Case Study Example | Topics and Well Written Essays - 500 words

Walmart - Case Study Example With the domestic location of its stores, Wal-Mart growth was increasing very slowly but later on they tried to gain from the international opportunities. Wal-Mart became a figure of free enterprise that had lost organization (Wal-Mart Stores 14). With the analysis of the influential five forces that model an industry, Wal-Mart’s growth and development over the years can be well elaborated. During 20th century, general retail has been alive. It was not that of a good system for the customers because they were not allowed to take any merchandise from the shelves. Later on, Discount retail came to the market and it encouraged, little charge, presented less service, credit, and they returned some advantages to the customers. This displayed how catchy the corporation had developed to be. Consumers displayed readiness in buying the brands from Wal-Mart where they felt comfortable with the â€Å"one-stop shopping† where an extensive collection of commodities were located in one place. This was to reduce the time they spent in shopping. In rivalry, a firm can decide to alter the prices to get an advantage, or either improves manufactured goods differentiation (Wal-Mart Stores 15). Threat of substitutes product means the product found within the companies. A close substitute product will limit the chance of Wal-Mart to raise its prices. But Wal-Mart had a fairer price set on their merchandise, which made a great difference in the market compared to other firms (Wal-Mart Stores 17). Their main lead came from the organization and management style, IT, in store operations. They did set low prices in their goods which gave them an upper advantage in the market; this was due to aggressive use of technology in their retail operations. Its competitors tried to respond to Wal-Mart’s advantage in logistics and EDI by making modest cooperative changes by bringing into play the use of the internet and

The role of the state in industrialization Essay

The role of the state in industrialization - Essay Example By developing a framework of analysis to examine business systems, Whitley explained at length â€Å"certain components of business systems and their interaction with institutions† (Tempel, 2001, p. 43). Whitley’s concept of national business systems has however been criticized often due to its weaknesses like portraying organizations as â€Å"passive pawns† which have little option but to comply (Scott, cited in Tempel, 2001, p. 42). With the help of extensive research and discussion regarding why it is that business systems in many developed nations continue to diverge, many factors are unveiled. While a market driven approach lays the foundation of employment systems in UK, fully developed vocational educational systems in France ensure high skill development and strict on-the-job training. Such pattern of allocating highly skilled workers even for the lowest jobs is not observed in UK. Germany, in contrast, practices the best system of economy wide vocational educational training. The rate of formal consultation is highest in European countries like Germany, Italy, and Sweden where employees are highly valued (Brewster and Larsen, 2000) in contrast to US or UK. As a result, there exists convergence of skills in contrast to polarization of skills as has been reported in UK business leading to â€Å"dead-end and low-skilled employment† (Crouch, 1997, p. 372). German business has advantaged hugely from VET system which demands continuous retraining and up-skilling (Crouch, 1997, p. 372).