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Walmart Scenario Walmart Is the Largest Retailer in the World, with More

question 39

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Walmart Scenario
Walmart is the largest retailer in the world, with more than 4,000 stores located in 14 countries outside the United States. The corporation has learned, sometimes the hard way, that the Walmart business model cannot be transferred to every country it enters due to cultural differences. For example, the retailer ran into difficulties in many European countries because stores are not open 24 hours a day, seven days a week like Walmart Supercenters are in the United States. When negotiating the purchase of Trust-Mart stores in China, the company had to develop relationships with executives before even discussing business opportunities. Finally, Walmart varies marketing mixes based on local tastes, cultures, and economic conditions.
-Refer to Walmart Scenario. In the United States, Walmart's incentive system encourages employees to stand out among their peers and rewards them for doing so. This has worked well in the United States because the U.S. scores high on individualism as a CSV. In which other country would this incentive system work well?


Definitions:

Shoveling Snow

Physical activity of moving snow with a shovel to clear areas, which can be demanding on the body and heart.

Excess Calories

Consuming more calories than the body uses, potentially leading to weight gain and associated health risks.

Body Fat

The portion of the human body composed of fat tissue, important for energy storage, insulation, and protection.

Essential Fat

Necessary fat required for normal physiological functions, found in the marrow, organs, central nervous system, and muscles.

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