Question

Q1-Identifiy the principal concepts, theories, and practices in the Wal- Mart related to International Business.

Q-2-Identifiy the Market environment of the business (Walmart).

Please answer those two quesstions it about Wal-Mart Inc.

Answer 1

Walmart is a American multinational corporation the company was found by sam walton in 1962 and incorporated in 1963. The walnart has 11,718 stores and clubs in across 28 countries. The walmart is the world's largest company by revenue it has a revenue of USD 480 billion in 2016. The Wal-mart is the largest privato the company in terms of providing job ts the people. There are some principal concept behind the success of Wal-mart and they are e a). Commitment in the business- they believed in the their business more than anything else. b) Sharing the profits with the associates of the business and motivate them. c) Communication of every possible information with the business partner. d) Appreciating the hard work of the fellow members. e) Exceeding the expectations of the customers, by giving them a little more than they want. f) Controlling the expectation better than the competition.

Every Day Low Prices is the one of the cornerstone of the Wal-mart strategy, they also look at the convience of their customers. The wal-mart is severly criticised for poor enviornmental quality and unreasonable wage for workers. Then they strike back with practices for sustainable development and they are the following

• To be supplied by 100% renewable energy.
• to create zero waste
• to sell products that sustain people and enviornment.

The successful strategy of Walmart is the cost- effectiveness by weakening the price of the products, the walmart is one of the srongest brands across the world so it makes them reliable to people. The wal-mart also got the best supply chain system. The main weakness with walmart is maintaining the lower prices of their commodities. The wal-mart has a competitive advantages over the other firms , it has got a lot of branches across the world so if one branch goes down that will be compensated by the other branches. The wal-mart has also find out the newer sources of advertising.