Alternatives

In: Business and Management

Submitted By 16333424
Words 532
Pages 3
Alternatives:
In 2006, shortly before the market exit, the executive team of Wal-Mart had several alternatives to minimize financial losses and re-establish lost reputation. The first option for them was to create joint venture agreements with German retail chains. These agreements would help the corporation to reduce investment risk, as local players are well aware of the German consumer’s shopping habits and preferences. Furthermore, they would allow the firm to understand the legal environment in Germany. However, there are challenges attached to this option. Collaboration can only be successful with the right local partners in terms of having similar suppliers, strategies, and operations. The second option for Wal-Mart was to exit the German market, as it would enable company to focus its resources to profitable locations around the globe. The third option for Wal-Mart was to re-establish its presence in German markets by setting up a new company with a new name. That would allow the company to stay in the market while simultaneously fixing its reputation. To address the issues with the store layout, management should adjust to local preference by implementing the new stores in smaller units.

Walmart needs to evaluate several market entry strategies before entering new market. The first option for Walmart is to create joint venture agreements with local partners as it helps them to reduce its investment risk and understand the local culture. However, there are challenges attached to this option. Collaboration can only be successful with the right local partners in terms of having similar suppliers, strategies, and operations. The second option is to setup a local subsidiary in the new market and adopt the business model based on socio-cultural context. The third option for Walmart is to create a new brand name by entering new markets. This can be achieved by…...

Similar Documents

Litigation and Alternatives

...Litigation and Alternatives The dispute between NonLinearPro and Quick Take Video take place because an employee make the mistake of not reading an agreement before signing it. NonLinearPro now has a leasing contract for three months for the equipment Quick Take Video returned and refuses to make payment. The following will give the complaints each party could have and their options for resolving the complaints. The complaint NonLinear Pro would have against Quick Take Video would be not receiving payment for equipment leases to Quick Take Video as specified in the lease agreement. Quick Takes can claim NonLinear Pro lease is not binding because the equipment was not suitable for their company and they returned it once the issues came about. Hal has several options when it comes to the suit. He can pay the $5,000 to make the suite go away. He can send in a response to the compliant and send a cross complaint and allow the suit to go to litigation. Hal can also use one of the alternative dispute resolutions to mitigation the issue to maybe gain a better financial outcome than going through litigation. As stated in by Cheeseman (2010), arbitration and mediation can be alternatives to litigation and all three can give some of the same advantages. They both will be cheaper in the fact there is no lawyers involved and so therefore the cost of handling the complaint is cut but there is the cost of the arbitrator or mediator. Never the less the cost is cheaper than......

Words: 694 - Pages: 3

Alternatives

...Alternatives As a first alternative, Nintendo could consider hiring more employees to meet the demand of its customers. In the text, it is stated that Nintendo was unable to keep up with the demand of customers for the Wii for many years. It was also stated that Nintendo had the least employees of the three major gaming console production companies. By hiring more employees, Nintendo can meet the demands of the market which would help the company to sell more consoles. The increase in the sale of consoles would therefore cause an increase in the sale of games. With an increase in the number of employees, there is also a risk that the supply of Wii U consoles will outpace demand potentially causing members of the production team to be laid off. Also, a new production team could result in many of the consoles produced to have problems. To solve the risk of the supply issue, Nintendo should hold management team discussions to figure out what number of employees they to need meet demand without outpacing it. To prepare for the issue of inexperienced workers, Nintendo should take their time in hiring only the highest quality employees they can find. As a second alternative for developing the Wii U, Nintendo should consider continuing to be the leader in developing more new and interesting ways to play videogames. One of the key selling points for the original Wii was that it made Nintendo the first major game console producer to implement motion sensing technology into...

Words: 618 - Pages: 3

Alternative Budget

...Term Paper On Alternative Economic Policies for India based on analysis of the Alternative Budget INTRODUCTION Attempt has been made not to draw a detailed picture of an alternate budget but to understand the macro outline of the budget based on alternative policies. With rising debt and interest burden there was a need for a change in fiscal policy change In the Indian economy. This paper shows the possibility of an alternative change to the IMF dictated budget adopted at that time. A comparison has been made between four scenarios. Scenario I has been drawn up to show the 1994-95 budget if the country would have been persisted with the observed trends of 80s. Scenario II are the projected estimates for 1994-95 if IMF dictated policies are followed. It is not the budget that Finance minister may present. In scenario IV, alternative budget proposal has been detailed out with a real fiscal correction. It has been assumed that the policies are in place for five years. The scenario III is the first year of transition. Changes in taxation both direct and indirect have been done to raise revenue. Expenditures for various sectors have been estimated and the overall impact on the economy has been explained. A comparison between the revised estimates of 1993-94 and alternative budget 1994-95 (Scenario IV) has been done. Finally, the critique has been given with the responses to the critique by Arun Kumar. THEORETICAL BACKGROUND Financing of economic development through......

Words: 3137 - Pages: 13

Alternative

...445 | 27.3% | 2,257 | -7.7% | 1,881 | -16.7% | Net Income | $2,706 | $3,695 | 36.5% | $3,575 | -3.2% | $2,445 | -31.6% | Main Issues: Over decentralization gives rise to an employee population, increases the administrative expenses, and there is a lack of coordination and motivation among subdivisions. It leads to poor allocation of costs, trouble with internal trade pricing and in the case of R&D focusing on useless projects. In addition, there is a lack of leadership among subdivisions due to Walters is planning to retire. Cost of good sold is related high due to much of the equipment in the Squamish plant was very old, by 2007, only 15% of the machinery in the plant was new, efficient, numerically controlled equipment. Alternative 1. Focus on single line productions, reduce operating cost and re-structure company by centralization Pro: 1. Continue and enhance cost leadership strategy by decreasing product cost and operating more efficient 2. Quality and reliance will also be improved by replacing aging equipments 3. Centralization structure can enforce product line focus and improve communication among divisions. In addition, it will make incentive programs more effective and reinforce a shared vision. Cons: 1. It will be costly to replace the old equipment and re-structure the company 2. The risk is high due to requiring high investment and uncertain issue of re-structuring company 2. Expand into standard crane market......

Words: 493 - Pages: 2

Alternatives

...Alternative 1 – Acquiring SSI The second alternative under consideration by ASFC Ltd is acquiring SSI Ltd. This alternative is very profitable (see Exhibit # X) and meets one of the two constraints mandated. The pros and cons are listed below in Table # X. Table 1: Pros/Cons of Acquiring SSI Pros | Cons | * SSI has strong growth aspects * SSI has a strong presence in Western Canada and could help improve ASFC’s presence * Nicole Gagnon, VP of Sales supports the purchase of SSI Inc. * Choosing to acquire SSI has a positive NPV and reaches the revenue growth goal by doubling revenue by 2014 * Comes with profitable line of Petsnax * Allows ASFC to enter into the premium snack market with SSI growing by 10% annually, this will allow further penetration of market | * SSI’s employees have expressed concerns with the move * There are cultural differences between SSI and ASFC * Has not reached the margin goal (see exhibit X) * Petsnax is not a usual offering of ASFC and Jeff Karpenko would like to sell it * SSI’s head office is in Edmonton, whereas ASFC’s is in Toronto – would require a move and unhappy employees | Exhibit X - Acquisition of SSI Acquisition Costs | $ (8,500,000.00) | Initial Investment Cost1 | $ (31,638,022.67) | PV of Synergistic Savings2 | $ 3,616,200.00 | PV of Future Cash Flows3 | $ 39,426,739.41 | Initial Costs of Integration | $ (4,500,000.00) | Sales of Assets | $ ......

Words: 482 - Pages: 2

Alternative Medicine

...Today I am going to tell you something about alternative medicine. At the beggining I am going to present to you some basic facts about alternative medicine and then I am going to present some of the most common examples of it. Alternative medicine is a kind of medicine practice which does not involve the use of drugs It is based on unconventional belief systems and therefore differs from conventional medicine. In most cases, it does not follow generally accepted medical methods does not have a scientific explanation for it's effectiveness. Despite the fact that many of alternative treatments lack medical explanations, some have become widely accepted and practised. Commonly cited examples of alternative medicine are herbalism, homeopathy, acupuncture, and yoga. A point to take into account here is that alternative medicine covers more than just these 4 examples. But I chose them as I assumed you are more or less already familiar with them. The form of alternative medicine which has the longest tradition is herbalism. Herbalism can be also refered to as botanical medicine. It is based on the use of plants and plant extracts. These include aromatic substances that are useful to the maintenance of health in humans. Another branch of alternative medicine is acupuncture. Acupuncture is the practice of inserting thin needles into specific body points to improve health and well-being. There are different types of acupuncture such as Classical Chinese, Japanese, and......

Words: 385 - Pages: 2

Alternative Medicine

...Alternative Medicine vs. Conventional Medicine Nolan Roberts September 23rd, 2011 CHLH 100 Discussion: Thursday 9am Instructor: Charles Holmes When it comes to the use of alternative medicine, approximately 40 percent of the U.S. population has used alternative medicine in the past year (Nahin, Dahlhamer, and Stussman 2010). These days more people are turning to new areas when it comes to their health care and medication. Patients are looking for something different, not only because of the rising costs of conventional medicine, but also because of the dangerous side effects of conventional medicines. They are also trying to be more environmentally sound. Furthermore, people just aren't getting the care they want, or deserve, from their doctors. Alternative medicine has helped many people by giving them an alternative to conventional medicine's negative side effects, high costs and less natural development. Conventional medicine, though tested in laboratories and approved by the AMA and FDA, still has many side effects that seem to sometimes harm patients more than it helps them. This is partially due to negligent doctors who don't pay attention to all the medications their patients are taking. Also, because most of these drugs are synthetically made in a lab, rather than by nature, it can have negative effects on our bodies. They are given stamps of approval even when their side effects may harm people. It seems as long as the good they do outweighs......

Words: 657 - Pages: 3

Alternative Medicines

...Alternative Medicine in the Philippines And Its Continued Popularity: A Study Bataan Peninsula State University Alternative Medicine in the Philippines And Its Continued Popularity The Philippines is one of the islands that were conquered by different countries back in the day. That is why a lot of foreign influences were brought up by those colonizations. One of them is alternative medicine. Alternative medicine is a variety of therapeutic or preventive health-care practices that are not typically taught or practiced in traditional medicinal communities and offer treatments that differ from standard medical practice. Homeopathy, herbal medicine, and acupuncture are types of alternative medicine. In particular, China was one of the countries that inhabited the Philippines. China and its traditional healing arts make up the integral part of Chinese culture. According to “The Practice of Shiatsu” (Anderson, 2008), acupuncture gradually took over in China as the primary form of medicine and traveled across Asia including the Philippines. As evidenced by the years of trade by the Philippines with China, the Philippines then inherit the traditional ways of healing through acupuncture that China practiced and it is still being practiced today. Alternative medicine was already popular back in history but it is taking popularity again nowadays. In order to understand what we know today, people go back to their roots and to the beginning of civilization. What we......

Words: 2791 - Pages: 12

Alternatives to Imprisonment

...Alternatives to Imprisonment 1 Alternatives to Imprisonment Brandi Phillips-Moorhead Corrections and Penology Professor Jordan September 30, 2012 Alternatives to Imprisonment 2 Table of Contents Table of Contents……………………………………………………………………….2 Abstract…….....................................................................................3 A look at why we Imprison Convicts………………………………………….4 Drug Courts and Drug Treatment Programs………………………………4 - 5 Probation…………………………………………………………………………………5 - 6 Fines and Restitution……………………………………………………………….6 -7 Community Service………………………………………………………………….7 Home Confinement…………………………………………………………………7 – 8 Works Cited……………………………………………………………………………9 - 10 Alternatives to Imprisonment 3 Abstract In the following research paper we are going to discuss imprisonment. We are going to discuss why people are incarcerated as well as talk about different alternatives to imprisonment. We will then touch on benefits of each alternative as well as the negative aspects. ...

Words: 2024 - Pages: 9

Alternative and Alternative Communication

...ugmentative and alternative communication (AAC) is an umbrella term that encompasses the communication methods used to supplement or replace speech or writing for those with impairments in the production or comprehension of spoken or written language. AAC is used by those with a wide range of speech and language impairments, including congenital impairments such as cerebral palsy, intellectual impairment and autism, and acquired conditions such as amyotrophic lateral sclerosis and Parkinson's disease. AAC can be a permanent addition to a person's communication or a temporary aid. Modern use of AAC began in the 1950s with systems for those who had lost the ability to speak following surgical procedures. During the 1960s and 1970s, spurred by an increasing commitment in the West towards the inclusion of disabled individuals in mainstream society and developing the skills required for independence, the use of manual sign language and then graphic symbol communication grew greatly. It was not until the 1980s that AAC began to emerge as a field in its own right. Rapid progress in technology, including microcomputers and speech synthesis, have paved the way for communication devices with speech output and multiple options for access to communication for those with physical disabilities. AAC systems are diverse: unaided communication uses no equipment and includes signing and body language, while aided approaches use external tools and range from pictures and communication......

Words: 504 - Pages: 3

Alternative Funding

...Alternative Funding HSM/270 October 22, 2014 Nicole Nightingale Alternative Funding Non-profit organizations such as PEACE Domestic Violence Agency, after receiving grants, may continue to struggle finding adequate funding options.. Grants are not always easily obtained and most donations are a one-time contribution. Discovering alternative methods for obtaining funding may take an ample amount of brainstorming for PEACE Domestic Violence Agency as grants will not cover the cost to effectively run the organization. Alternative funding methods are an excellent alternative. Examples of alternative funding options to explore include fundraisers, opening a thrift store, soliciting local businesses, selling commemorative bricks and/or benches, and holding special events in the community .Fundraisers may include bake sales and carwashes organized and conducted by the staff only to protect the identity of the victims. The agency can open a thrift store selling donated items and handmade crafts the victims will create within a therapy group and all the proceeds will benefit the organization. Special events can also be organized and can take place in the community. A talent search contest where the contestants pay an entry fee and the crowd will vote on the best performer. These events can also include information booths regarding domestic violence education and prevention and the specifics of what PEACE offers to victims and the community. Event goers can also have the......

Words: 330 - Pages: 2

Alternative Fuels

...Alternative Fuels, Why bother? Over the years, fossil fuels have been the most popular form of fuel utilized in our every day transportation needs. Although fossil fuels are effective as our current energy source, the time is approaching where society will have to shift from fossil fuels towards utilizing alternative fuel sources. There are several factors contributing towards the shift from fossil fuels to using new alternative fuel sources. The primary reason for this shift is the rise in costs for harvesting, manufacturing and distributing the necessary basic components of gasoline. The increase in manufacturing costs has been passed on to the consumer in the form of increased gas prices. The average price paid per gallon in 2009 is $2.54, compared to $1.11 in 2001 (Energy Information Administration, 2009.) Additional factors contributing to the increase in gas production and distribution are due to the fact that fossil fuel reservoirs are not readily replenished and therefore, provided enough time has passed, our current stores will be depleted and society will be forced to rely on a new energy source. Additional factors contributing towards our need to switch to alternative fuels include the increase in foreign oil dependence to acquire fuel, the rise in air pollution, and the processing and distribution of these alternative fuels are more cost effective. Therefore, based on this and additional rationale, politicians and environmentalists should push for more......

Words: 2343 - Pages: 10

Alternative

...Alternative Financial Services The world of finance is a growing industry, which helps provide the needs for individuals and businesses alike. Within the field of finance, there are many different sectors such as commercial banking, insurance, investment banking, and most importantly, Alternative Financial Services. The term Alternative Financial Services is described on the Federal Deposit Corporations website as follows: Alternative Financial Services (AFS) is a term often used to describe the array of financial services offered by providers that operate outside of federally insured banks and thrifts (hereafter referred to as "banks"). Check-cashing outlets, money transmitters, car title lenders, payday loan stores, pawnshops, and rent-to-own stores are all considered AFS providers. To sum things up, Alternative Financial Services are basically ways to receive money without using a more traditional way, such as getting a loan from a commercial bank. The different [I would delete “different” – seems repetitive with “incredibly diverse”] types of Alternative Financial Services are incredibly diverse, often described as a melting pot of providers. These different services include car title lenders, pawnshops, rent-to-own stores, and last but not least, payday loan stores. Alternative Financial Services have become increasingly popular since the Great Recession, mainly due to the strict credit regulations among commercial banks. Due to its deep roots in......

Words: 2226 - Pages: 9

Alternative Energy or Alternative Future

...Alternative Energy or Alternative Future Throughout the course of history, technological breakthroughs have paved the way for human advancement in all areas. Civilization has advanced so fast that the results from the breakthroughs are now having an impending damaging effect on the environment. Environmental degradation has long been a threat but presently this threat is exponentially greater since it has been compounding within the last century. These threats have forced the hand in researching and developing alternative technologies to maximize the potential of renewable energy sources. The requirement to reduce harmful emissions, toxins and pollutants needs to be a main concern. The ongoing change of this world deserves a modified stance on how it needs to be guarded. This world needs to shift priorities in order to develop alternative energy sources further so reliance on fossil fuels will decrease to prevent any additional environmental ruin. A key approach to alleviating the process of the evolving global warming issue is to reduce the GHG (greenhouse gas) emissions released in to the environment. Global warming causes a slow increase in the temperature worldwide. The continued temperature increase will cause drastic ecological changes affecting the world. According to Mckibben from Sojourners Magazine, “Global warming isn't happening slowly, and it's not a problem (just) for the future. We've already burned enough coal and gas and oil to increase the......

Words: 1423 - Pages: 6

Alternative Medicine

...  Cover Page There are many other alternatives to modern methods of medical treatment. With modern medicine being the standard there must be unconventional routes that one can take to achieve the goal of good health. Those alternatives include acupuncture, herbal remedies and yoga. Though modern medicine can be diverse it also can be very complex and in contradiction with the human body. Most medicine is animal based and experimented on animals and sometimes even humans. But can our expectations be a little euphoric for positive results set on miraculous when using animal based medicines? Moreover we cannot negate the fact that modern medicine and medical treatment has helped people avoid and control diseases for several decades. Reports show that since 1970 the death rate has decreased on average of 60% and strokes and death are down 70%. Cancer has dropped 16% since 1990 and HIV/AIDS death rate has decreased more than 75% since its peak in 1995. Therefore we cannot attempt to discredit the breakthroughs and innovations of modern medicine. Some of the biggest problems we can find in the way Medicine is practiced today are: 1. Modern Western Medicine is based on a narrow “scientific” model, and arrogantly ignores and rejects therapies and entire medical systems that don’t fit this model. 2. Doctors are trained...

Words: 1775 - Pages: 8