About Walmart
Where was Walmart founded?
Arkansas
What was one example of an indicator of whether Walmart was going to be successful in a foreign market?
Entering without a partner, entering the market by itself, acquiring too small of businesses, cultural adaptability
What does EDLP stand for?
Everyday Low Prices
What does Joint Venture mean?
business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task
Which city did Walmart open its first in india? New delhi, Mumbai, Amritsar
Amritsar
What was Walmarts most successful entry strategy?
Joint venture and acquisition
Name two foreign markets where Walmart succeeded
UK, Canada, Mexico
What is the biggest predictor in success in globalization?
teaming up with a local partner
What does Acquisition entail?
when one company purchases most or all of another company's shares to gain control of that company.
Which international company is Walmart's biggest competition in India?
Amazon
Where was Walmart's first store outside of the United States?
Mexico
Name two foreign markets where Walmart failed
China, Brazil, Germany, South Korea
Why are foreign companies at a disadvantage to national companies?
Lack political, cultural, economical knowledge. Discrimination from government, suppliers, customers
Name two countries where Walmart entered through joint ventures
China, Brazil, Mexico
What was the reason for the Indian government's investigations?
bribery
Who founded Walmart?
Sam Walton
When did Walmart enter into the international market?
1991
What are the three most important things to consider when expanding internationally?
market entry strategy, business operations, cultural adaptability
Name three countries where Walmart used acquisition
Canada, Germany, South Korea, UK, Japan, Central America, Chile, Africa
How much did Walmart pay to purchase a majority stake at Flipkart?
16 billion
Walmart was successful in all of these countries besides which? Mexico, Central America, UK, Germany
Germany
How many countries have Walmarts?
24
Name a firm characteristic that was a significant factor on international performance (think of chart) ?
1. International business experience, 2. Firm reputation, 3. Tacit Knowledge
Did location affect which form of entry was successful? Why or why not?
Yes, because of the regulations and culture were different
When did the partnership of Bharti Walmart end?
2013