Walmart Management Problems Essay Example | Topics and Well Written Essays - 2000 words

Walmart Management Problems - Essay Example This creates the room for misjudging competitors and harming the relationship that the retailer will have with local suppliers. This is not the only problem that Wal-Mart faces the other problems include unions, low wages, sex discrimination, and others that have tarnished the name of the store. Wal-Mart Management Problems Looking at the last two decades will show how the global economy has gone through a radical transformation. Despite the fact that there are different geographic locations around the world separated by oceans and seas, improvement in technology has made the distance shrink completely. Some of the technological innovations that have made this possible are airplanes, satellite broadcasting, computers, fax machines, internet, and others. Technology has made it possible for business to expand internationally and get different suppliers from different parts of the world. Many people will talk about globalization and it simply refers to the worldwide economic activities of free flow of services, goods, knowledge, capital, competition, and open markets. Through globalization, global companies have been able to establish themselves in local markets while local companies have been able to go global. ... This is because it already has stores in Asia, Europe, and South America. Its expansion efforts are still on, as it has plans of putting up more stores both domestically and internationally (About Wal-Mart, 2001). The fact that the store is number one in the US does not guarantee it will be number one in the other countries. This is because of the challenges that lie ahead with the regulations of the country where it will be opening its stores and the local supplier’s willingness to supply the store with products. The culture adopted in the region will tell a lot if the store will be able to achieve its objective of being in business while offering customers with quality products and services. Despite globalization being good news for businesses, it has made competition to increase with the increase in number of competitors. The fact that everyone is currently concerned with the environment and looks for all possible means in which they can conserve the environment makes envir onment friendly businesses have an upper hand in dominating the market. Customers will be attracted to companies that are out to protect our environment that is already destroyed rather than companies that are out to see complete destruction of the little beauty left in our environment. Going green will help in ensuring that you have constant market for your goods and services. The Wal-Mart Culture (2004) explains Wal-Marts three basic beliefs and rules that makes the store different from its competitors. However, Gilman (2004), Jones (1998), and Menzer (2001) give the reasons for the rate at which Wal-Mart is expanding in to the international market. They have a strong belief that Wal-Mart will dominate the US market in the future. A number of

How the Canadian Banking System Survives the Subprime Meltdown Essay

How the Canadian Banking System Survives the Subprime Meltdown - Essay Example High interest rates in mortgage had increased the lending operations of the commercial banks. The quality of credit started to fall drastically. This had resulted in the collapse of many financial institutions. However, the Canadian banking system had managed to survive these critical conditions. Thus, it is highly rational to realize the underlying cases for this success. The following essay would consider the background, methodology and analysis regarding the topic of discussion (Brender & Pisani, 2010). The goals of the essay are as follows: To understand the nature of Canadian Banking System. To interpret empirical data explaining the various types of banking economic indicators. To analyze the models or the policies those were used by the banking institutions of Canada to protect their economy from the impending danger. To conclude on the overall performance of the Canadian banks in the context of the matter of discussion. Background It was found that during the subprime meltdow n, the nation of Canada did not encounter an absolute collapse of its financial institutions. The five commercial banks in Canada had experienced profit during the financial crisis in the money markets of other economies. ... There are three characteristics of the monetary authorities in Canada: The different monetary policies which are undertaken by the commercial banks in Canada are introduced by the Bank of Canada. This banking organization is owned by the government of the country and is highly interlinked with the Federal government. However, it should be observed that the federal government is not allowed to interfere in the monetary affairs of the country. The rates of interests charged on different assets in Canada are the same for similar assets in the other regions of the country. The Bank of Canada is the primary organization that engages in the function of issuing money to the economy. There is only a single policy instrument that is adopted by the Bank of Canada. The Bank of Canada often charges the overnight interest rates for the country. By changing the level of overnight interest rates, the bank introduces various changes in the different interest rates in the market. Reasons for the Succ ess Many analysts and economists believe that the strong regulations which are implemented by the commercial banks of Canada were responsible for their successful performance even at the critical situations. Moreover, the commercial banks in Canada were highly united with each other, which in turn had helped them to coordinate and take business decisions jointly. In Canada, if the commercial banks had offered credit to the individuals on 80% of the value of a house loan, then they ensured that the debtor had insurance for the mortgage. The banks only issued loans to those individuals, with a worth of 80% (mortgage value), who could offer the mortgage insurance against the loan. Moreover, the commercial banks also