A comparison of the economic, cultural, legal and political environments of potential countries for Wal-Mart's foreign direct investment, with a focus on Australia.
Written in 2008; 3,154 words; 3 sources; APA; $ 91.95
Paper Summary:
This paper discusses the retail industry in general and Wal-Mart in particular. It looks at future foreign direct investment for Wal-Mart and its investment objectives and plans. The paper particularly focusess on Australia as a potential market for Wal-Mart to saturate and the reasons why it would be lucrative. The paper then provides a contrasting analysis of the economic, cultural, legal and political environments in Australia, New Zealand, India and Iran.
Table of Contents:
Executive Summary
Industry
Industry Leader
Economic, Cultural, Legal, And Political Environments of Global Countries
Ideal Future Market
Investment Objectives and Plans
Description and Supporting Arguments For Choice of Industry
Description of Firm, Finances and Product Offering
Contrasting Analysis of the Economics, Cultural, Legal, and Political Environment
Australia
New Zealand
India
Iran
Supporting Arguments for One Country
Investment Objectives and Planning
From the Paper:
"The time schedule should be as swift as possible, in light of Australia's recent general movement towards quick growth. However, the negotiation of international exchange laws may be a stumbling block. Australia's openness to American investment and culture, however, should mean this is not a problem. Training of staff should follow in the steps of Wal-Mart's American operations. Initially, Assistant Managers should be brought over from America and other established locations so that store running is smooth. Training of staff at intermediate levels, such as Replenishment staff, Buyers, Pharmacy staff and SAM'S CLUB warehouse staff, should also follow American guidelines, consisting of weeks of intensive training. When mid-level staff are ready for managerial positions, they should be inducted into the 19-week long Management Training Program, where they can learn about company culture, receiving and stocking, customer service, merchandising, inventory procedures, profit and loss, office functions, accounting, personnel and administrative functions, leadership skills, how to become a merchant, recruiting and retention, civil responsibility and food practices (in the case of Supercenter and Neighborhood Market managers)."
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