Multinational Companies

Running head : Multinational Companies

Multinational Companies

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Multinational Companies

Introduction

In the past decade , a rapidly growing portion of worldwide economic activity has been taking place between people who live in different countries instead of those living in the same country . This growth in cross-b economic activities takes various forms all of which can be termed globalization (PREM , 2000

Globalization has caused multinational companies to play increasingly larger roles in modern lives . Today , people in China may well use

the same global brand for clothing , food , and vehicles as people from thousands of miles away in the US . Globalization strengthens the connection between societies from one region to another and reveals the need to work together for an improved standard of living and a better future for all . Because of globalization 's enormous potential to improve the quality of life for everyone , a close look at multinational companies is well warranted . This will address some of the most recognized multinational companies in the world and their present conditions in their own industries Wal-Mart

II .1 . Company Pro

Wal-Mart Stores , Inc . is an American public corporation established in 1962 by Sam Walton . Wal-Mart is the largest retailer in the world and the second largest corporation in the world behind Exxon Mobil . Wal-Mart is the largest private employer in the United States and Mexico . The company is also the largest grocery retailer in United States (Wal-Mart 2006

In addition , Wal-Mart is a giant retailer that originates its services in the U .S . the company , like other retailers present a vast selection of high-quality merchandises , friendly service , and attractive campaign like Every Day Low Prices . As of May 31 , 2006 , Wal-Mart operates 1 ,163 stores , 2 ,056 Supercenters , 566 SAM 's clubs , and 104 Neighborhood Markets in the United States . countries worldwide , serves more than 138 million customers per week and employs about 1 .6 million associates (Wal-Mart Stores , 2006

II .2 . Corporate Segments

Wal-Mart operations are divided into three retiling subsidiaries : the Wal-Mart Stores Division US , Sam 's Club and Wal-Mart International . The three subsidiaries perform their operations under 9 different retail formats : super centers , food and drugs , general merchandise stores small markets (bodegas , cash and carry stores , membership warehouse clubs , apparel stores , soft discount stores and restaurants (Wal-Mart 2006

The Wal-Mart Stores Division US is Wal-Mart 's largest business subsidiary . It operates three traditional retail formats : discount stores , super centers and neighborhood markets , all of which operate on US soil . Sam 's Club on the other hand , is a chain of warehouse clubs that sells groceries and general merchandise in large volume . Sam 's Club is only open to customers who subscribe to a paid , annual membership The last subsidiary of the company is Wal-Mart international . This particular operation consists of 2 ,700 stores in 14 countries outside US (Wal-Mart , 2006

II .3 . Corporate Products and Services

The company sells retail products and toys in stores of various formats . The company...