Is Wal-Mart Good for America?
Is Wal-Mart Good for America?
1. The U.S. is in a shrinking economy. Many plants are closed and many people are unemployed. The big retailers change their suppliers from U.S. manufactures to the developing countries’ manufactures, which cost much less. The competition between the suppliers( manufactures) is more intensive. The supplier has less prower is retail business. The market is shift from supplier dependence to buyer dependence, which means the buyer/ retailer has more prower. They very know their customers’ needs and wants, and they determine what the manufactures should produce, including the specific product, the schedule, the quality, and the price. Retailers are now more powerful than manufacturers, and they are forcing the decision to move production offshore.2
The player in the film suggests the Walmart is using pull strategy, which the want. And the player thinks this way is more efficiency and increase U.S. productivity as well.
2. a. In my opinion, Walmart is belongs to the shareholder model. The main reason is, Walmart strives for the lowest cost and gives the best price to its customers, in order to do the best business and maximizes profits, shareholder wealth and satisfaction. Walmart to its shareholders’ socially responsible satisfied the shareholder model definition.
b. Walmart’s shareholders gain the most from Walmart’s business strategy.
3. a. Walmart’s business model is to sell a wide variety of merchandise to customers at great prices. The principle of Walmart’s business model is Delivering Everyday Low Price (EDLP). b. Example 1: Walmart uses information technology to keep track and reorder items. Walmart is the first retailer knew the important of the “bar code”. Walmart uses those information to analyze what are the customers buying, and what they will buy, etc., in order to keep a low inventory and high turn-over.
Example 2: Walmart pays every effort to get the lowest prices to customers. Walmart
1. The U.S. is in a shrinking economy. Many plants are closed and many people are unemployed. The big retailers change their suppliers from U.S. manufactures to the developing countries’ manufactures, which cost much less. The competition between the suppliers( manufactures) is more intensive. The supplier has less prower is retail business. The market is shift from supplier dependence to buyer dependence, which means the buyer/ retailer has more prower. They very know their customers’ needs and wants, and they determine what the manufactures should produce, including the specific product, the schedule, the quality, and the price. Retailers are now more powerful than manufacturers, and they are forcing the decision to move production offshore.2
The player in the film suggests the Walmart is using pull strategy, which the want. And the player thinks this way is more efficiency and increase U.S. productivity as well.
2. a. In my opinion, Walmart is belongs to the shareholder model. The main reason is, Walmart strives for the lowest cost and gives the best price to its customers, in order to do the best business and maximizes profits, shareholder wealth and satisfaction. Walmart to its shareholders’ socially responsible satisfied the shareholder model definition.
b. Walmart’s shareholders gain the most from Walmart’s business strategy.
3. a. Walmart’s business model is to sell a wide variety of merchandise to customers at great prices. The principle of Walmart’s business model is Delivering Everyday Low Price (EDLP). b. Example 1: Walmart uses information technology to keep track and reorder items. Walmart is the first retailer knew the important of the “bar code”. Walmart uses those information to analyze what are the customers buying, and what they will buy, etc., in order to keep a low inventory and high turn-over.
Example 2: Walmart pays every effort to get the lowest prices to customers. Walmart