Business and the global Economy Essay Example | Topics and Well Written Essays - 500 words

Business and the global Economy - Essay ExampleWal-Mart operates in 15 countries and employs 2.1 meg employees worldwide. Wal-Mart is headquartered in Bentonville, Arkansas, USA. Wal-Mart was founded by Sam Walton, who also owns Sams Club stores in the U.S. According to its official site, Wal-Mart was founded in 1962, and was integrate in 1969, and started trading on the New York Stock Exchange in 1972. The company grew rapidly and traverse domestic borders when it opened its first store near Mexico City in 1991(n.d.).Today, Wal-Mart operates in 14 countries orthogonal of the U.S and its expansion doesnt seem to halt here. Wal-Mart is constantly succeeding as an international corporation and is in the public life for global retail supremacy with other firms like Carrefour and Walgreens. What is it that has made Wal-Mart the king of the retail industriousness Along with its extensive local merchandiseing, Wal-Mart has also seen success in expanding overseas through its unique mar ket entry mode.In recent years, Wal-Mart has adopted a very different strategy to expanding both topically and globally through the use of supercentres. Wal-Marts ideas of a supercentre have been very rewarding to the company and its overall objectives.