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

Business and the global Economy - Essay Example Wal-Mart operates in 15 countries and employs 2.1 million employees worldwide. Wal-Mart is headquartered in Bentonville, Arkansas, USA. Wal-Mart was founded by Sam Walton, who also owns Sam's Club stores in the U.S. According to its' official site, Wal-Mart was founded in 1962, and was incorporated in 1969, and started trading on the New York Stock Exchange in 1972. The company grew rapidly and crossed domestic borders when it opened its first store near Mexico City in 1991(n.d.). Today, Wal-Mart operates in 14 countries outside of the U.S and its expansion doesn't seem to halt here. Wal-Mart is constantly succeeding as an international corporation and is in the race for global retail supremacy with other firms like Carrefour and Walgreens. What is it that has made Wal-Mart the king of the retail industry Along with its extensive local marketing, Wal-Mart has also seen success in expanding overseas through its unique market entry mode. In recent years, Wal-Mart has adopted a very different strategy to expanding both locally and globally through the use of supercentres. Wal-Mart's ideas of a supercentre have been very rewarding to the company and its overall objectives.