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Walmart in Japan

Walmart in Japan. By: Jazmine Banks. Background on W almart. Founded by Sam Walton, first store opened in Rogers, Arkansas in 1962 Based off the pricing strategy “Everyday Low Prices” Opened at New York Stock Exchange at $16.50 First international store in Mexico City in 1991

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Walmart in Japan

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  1. Walmart in Japan

    By: Jazmine Banks
  2. Background on Walmart Founded by Sam Walton, first store opened in Rogers, Arkansas in 1962 Based off the pricing strategy “Everyday Low Prices” Opened at New York Stock Exchange at $16.50 First international store in Mexico City in 1991 Brought Seiyu in 2008
  3. Economic Peculiarities Home Country: Headquarters located in Bentonville, Arkansas GDP per capita $16.24 trillion (2012) Net Worth: $446.95 billion Employees 1.3 million Subsidiaries: Sam’s Club
  4. Economic Peculiarities Host Country: President and CEO Steve Dacus Number of Associates: 37,788 Having trouble capturing the people of Japan GDP per capita $5.960 trillion (2012) Free market ranked 3rd largest
  5. Cultural Peculiarities Home Country: Individualistic Quick decisions are made Focus on Return on Investment (ROI) Work-Life balance
  6. Cultural Peculiarities Host Country: Collectivism Takes time in making decisions Focuses on the process of getting ROI Risk Adverse Work is everything
  7. Walmart Culture A retailer can help people save money and live better Beliefs: Service to our customers Respect for individuals Strive for excellence Act with integrity Service to Our Customers Make customers feel they are the priority Support associates Give to local community
  8. Walmart Culture Respect for individual Value and recognize associates Own to what you do Communicate Strive for Excellence Innovate Model a positive energy Works a team
  9. Issues Walmart faced in Japan Adapting business operations to Japanese culture Having a large retailer store in Japan is foreign to them Inability to carry out the low price strategy Japan puts a higher value on local relationships with suppliers Pressure from competitors
  10. Ways to Improve in Japan Not to force Walmart philosophy on the people New person in charge Increase the quality of the products Understand the business world of Japan
  11. Corporate Social Responsibility in Japan Food Donation Supporting single parents Greenhouse Gases reduction Plastic bag reduction Direct sourcing production Careers for Women Part-time to management
  12. References http://corporate.walmart.com/our-story/our-business/international/walmart-japan http://corporate.walmart.com/our-story/history/sam-walton http://blog.btrax.com/en/2010/12/15/10-cultural-contrasts-between-us-and-japanese-companies-a-personal-view/ http://corporate.walmart.com/our-story/our-business/ http://globalmarketingtoday.wordpress.com/the-real-world/case-study-1/
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