However, Switzerland has moved very slowly as a nation in accepting new cultures and outsiders. Swiss citizenship is nearly impossible to obtain. The nation is dependent upon a small, closely-knit band of citizen-soldiers for its defense. Socially, women were only given the right to vote in Switzerland in the second half of the 20th century, well after other nations. In other words, an American business manager must be prepared for a slower pace of decision making than he or she is accustomed (20th century, 2011, Swiss World.org). While typically American corporate mission statements reflect a 5-10-year framework, in Switzerland, companies take an even longer point-of-view, and are even more resistant to organizational change (Adler 2001: 23). Certain stereotypes that Wal-Mart might confront in Switzerland might relate to the perception of Americans as overly focused on optimism and a false sense of teamwork. One common observation of Americans by foreigners is that they smile too much, and aspects of Wal-Mart corporate life that emphasize workplace attitude must be severely downplayed if the company is to succeed in Switzerland. Wal-Mart's emphasis optimism at all will not be accepted plain-spoken and independent Switzerland (Doing business in Switzerland, 2011, World Business Culture: Teamwork). While the current suggested managerial format involves a manager supervising 5-6 employees, and some sense of unit cohesion is certainly required, forcing workers to conform to a certain workplace attitude be emphasized to the point that employees' sense of personal space feels violated. Wal-Mart managers must avoid vague American corporate buzzwords that have little meaning, such as urging workers to show an upbeat attitude and to be positive at all costs. The Swiss respect formal directives regarding workplace performance and improvement....
Presentations and employee rules should be clear and concise and relatively free of extraneous humor and other attention-getting devices (Doing business in Switzerland, 2011, World Business Culture: Teamwork).
Wal-Mart, Mexico, and NAFTA Was NAFTA the reason for Wal-Mart's success in Mexico or was it Wal-Mart's new competitive strategy? Wal-Mart's generic competitive strategy is clearly that of a 'low price' model in all nations where the retailer is located. It sells a seemingly infinite amount of goods and services in an undifferentiated fashion. The main reason that consumers go to Wal-Mart is because of its prices. Wal-Mart claims to offer
Today, Wal-Mart is altering the retail landscape in many ways, primarily by parlaying its power as a retail chain into operation as a full-scale distributional company as well. The attention dedicated to improving the cost and efficiency of its distributional operation underscores the emergent strategy which Wal-Mart is using to change the retail business altogether. This aspect of its operation has become a major effecter in its relationship to suppliers.
Part II. The company is traded on the New York Stock Exchange, under the symbol BBY. Best Buy had its initial public offering (IPO) on Nasdaq in 1985 but migrated to the NYSE in 1987. A chart of the company's stock over the past four weeks is as follows: Source: Yahoo! Finance (2013) Short-term movements in share price are mostly relevant to day traders. Most investors hold the stock much more than
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