Introduction to International Business: Case 4.2 Wal-Mart’s retreat from Germany: How distance made the replication of a domestically successful model impossible October 8th‚ 2013 1. What are some of Wal-Mart’s FSAs? To what extent are these FSAs location-bound or internationally transferable? Some FSA’s of Wal-Mart are EDLP (it’s ‘every day low price’ philosophy) and it so-called ‘exceptional service’ (it customer-service)1. EDLP is in general internationally transferable
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Hypermarkets and Supercenters Industry comprise large retailers of consumer staples goods. The three key players in the industry include Walmart‚ Costco and Target. Walmart leads the market with nearly 72% of the market share‚ but Costco has been able to outpace Walmart and Target’s revenue growth rates over the last few years due to its better customer service. Walmart and Target have lagged behind in terms of customer satisfaction largely because they pay their employees lower wages compared to Costco
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drugs and whether or not it should be legalized. To solve this moral dilemma‚ a person can simply use and apply the concepts of utilitarianism. When deciding on whether or not something is considered to be a moral problem‚ it’s extremely important to differentiate the assumptions that people have made to support their claims. The situation that is being examined is utilitarianism and how it would view the problem of drugs. First when looking at this issue‚ a person must use what utilitarianism’s use to
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MANAGEMENT 1 Walmart (United States) 1.1 Find out whether your company has a formal mission statement. Does this statement define the business‚ identify major goals and articulate the corporate philosophy? Walmart is a multinational retail corporation that runs chains of large discount department stores all over the world. The company has over two million employees and is the largest retailer in the world. Walmart has a clear and formal mission statement. The statement of Walmart is: “Save
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for ethics and social ethics. Introduction: Explorations of the gap individual and social ethics and attempts to bridge this gap‚ have resulted in either detailed philosophical abstraction (Mukerjee 1950) or proposals to measure the subjective potential between impartiality and utilitarianism (Mongin‚ 2001). One phenomenon that occurs in this cleft which may explain individual and social ethical thinking and decision making is that of compassion. This essay will briefly describe ethics and
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Running head: Case Questions about Wal-Mart Critical Thinking September 23‚ 2012 This paper will be discussing a selected group of case questions related to Wal-Mart.Wal-Mart is an American multinational retailer corporation that runs chains of large discount department stores and warehouse stores. The company is the world’s third largest public corporation‚ according
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always encounter obstacles and have to make decisions. Many times‚ these decisions are made with the individuals own guidelines and morals. However‚ there are many different perspectives for a person to have and follow by; one of which is utilitarianism. Utilitarianism is the ethnical theory that holds that actions are morally good in so far as they promote utility. The principle of utility goals is to produce the greatest amount of happiness and good for the greatest number of people. (Restrepo). In
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The basic argument supporting Deontology focuses on the will of the person acting‚ the person’s intention in carrying out the act‚ and particularly‚ the rule according to which the act is carried out. Deontology focuses on the duties and obligations one has in car¬rying out actions rather than on the consequences of those actions (Mosser‚ 2013). Therefore it is the ethical
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presents ETHICAL THEORIES SLIDE 1 – INTRODUCTORY SLIDE Ethical theories provide part of the decision-making foundation for Decision Making When Ethics Are In Play because these theories represent the viewpoints from which individuals seek guidance as they make decisions. Each theory emphasizes different points – a different decision-making style or a decision rule—such as predicting the outcome and following one’s duties to others in order to reach what the individual considers an ethically correct
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utilitarianists‚ like Jeremy Bentham and J. S. Mill‚ offered a revolutionary approach to understand the demand-side of the economy. They consider the usefulness of the product as a whole rather than its process of production. In the development of the utilitarianism‚ reformists present a much more realistic‚ practical and comprehensive discussion of the nature of the economy: the necessity of comparative utilities‚ the concern about the distribution and quality of the utility‚ the key social influence
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