The paper "Walmart International Business Strategies" is a great example of a case study on business. Walmart Stores, Inc. is a retail company based in the U. S. undertaking its operations globally. Sam Walton established the company in 1962. It operates in more than 28 nations with over 11,000 stores. In Canada and the United States, the company performs its operations under the name Walmart. It is named Best Prince in India, ASDA (United Kingdom), Seiyu (Japan), and Walmart de Mexico (Mexico). Its operations in Canada, Brazil, and Argentina are wholly owned.
Retail warehouses under the name Sam’ s Club are also owned and operated by Walmart. In terms of revenue, Walmart is a global leader and the largest private employer globally having more than 2.2 million workers (CNN, 2015). The company is owned by the Walton family, which controls its operations. The heirs of Sam Walton own more than 50 percent of the company in terms of the corporation’ s holdings. In terms of market value, Walmart is ranked at the topmost position and serves as the biggest retailer of groceries in the U. S.
In 2009, for instance, the company realized revenue of $258 billion from sales made in the U. S. grocery market (Bloomberg, 2015). In 1972, Walmart became registered in New York Stock Exchange. During the late years of the 1980s and earlier years of the 1990s, Walmart grew from a regional company to become a national giant. In 1988, the firm had emerged as one of the most profitable companies in the U. S. It emerged as the largest company in revenue by 1989. To expand its revenue considerably, Walmart is opening more branches globally, especially in emerging markets, allowing it to emerge as an international brand (Vault, 2015).
Organization Culture When Walmart emerged as a global retail brand, the staff were given lists of things that they should and should not do in each area of their work. Presently, the company its culture, which is based on rules, is incapable of coping with challenges brought forth by changes in technology and globalization. As such, the company is embarking on initiatives aimed at adopting a culture that is based on value, which trusts that the workforce does the right thing, as they are aware of the firms standing (Lichtenstein, 2011).
Value is one of the major topics that managers think of. Studies reveal that the manner in which a firm undertakes its business activities is as important as what it does. Cultures that firms exercise are of different types.
Bagons, S. (2013). Top Marketing strategies that can be Learned from WalMart. Retrieved from http://www.veteranstodaymoney.com/2013/09/top-marketing-strategies-that-can-be-learned-from-walmart/
Banjo, S. (2014). Wal-Mart's Strategy to Jump Start Growth in China. Retrieved from http://www.wsj.com/articles/wal-marts-strategy-to-jump-start-growth-in-china-1407252531
Bloomberg. (2015). Wal-Mart Stores Inc. Retrieved from http://www.bloomberg.com/research/stocks/snapshot/snapshot.asp?ticker=WMT
CNN. (2015). Wal Mart Stores Inc . Retrieved from http://money.cnn.com/quote/profile/profile.html?symb=WMT
Kar, A. (2011). Wal-Mart : International Strategy: Case Study. Retrieved from http://anirbankar.com/category/international-strategy-for-walmart/
Lichtenstein, N. (2011). Wal-Mart’s Authoritarian Culture. Retrieved from http://www.nytimes.com/2011/06/22/opinion/22Lichtenstein.html?_r=0
Lisparc. (2010). 3 Basic Beliefs & Values in Walmart. Retrieved from https://lisparc.wordpress.com/2010/09/07/3-basic-beliefs-values-in-walmart/
Strategic Minds. (2011). The Wal-Mart Marketing Strategy. Retrieved from http://www.strategicminds.eu/blog/the-wal-mart-marketing-strategy
The Economist. (2011). The view from the top, and bottom. Retrieved from http://www.economist.com/node/21530171
Vault. (2015). Walmart Store's Inc. Retrieved from http://www.vault.com/company-profiles/retail/wal-mart-stores,-inc/company-overview.aspx
Walmart. (2015). Ethics & Integrity. Retrieved from http://corporate.walmart.com/our-story/ethics-integrity
Yates, C. (2013). A culture of corporate at Wal-Mart. Retrieved from http://www.washingtonpost.com/blogs/local/wp/2013/12/04/a-culture-of-corporate-at-wal-mart/