Global Business Environment and Walmart's Success

Introduction
Global business environment can be explained as state of affairs where number of nations
consists with various exogenous elements, where business organisations perform operations with
an aim of generating revenue. At global level, in the year of 2018 there are 500 largest business
companies which has generated revenue in the amount of £25.34 trillion. Along with this, £1.67
trillion can be considered as the generated amount of profit. Along with this, if it is talked about
number of staff members then there are around 69.3 million individuals that are continuously
performing tasks at workstation for the succession of goals (Hamilton and Webster, 2018).
What does it mean to be global?
In business context, the term “Global” can be defined as different sovereign countries,
where organisations do performs operations to earn high profit margins. Global means the whole
world, where business firms takes decisions in regards to capabilities and resource use and many
more others as well. Including this, it is also said that today's business environment is
specifically holding number of uncertainties, which are required by business organisations like
Walmart to look into so that no issues takes place.

Company been successful in the global business environment?
A famous American multinational retailer named as Walmart, was found in the year of
1945 by Sam Walton. If it is talked about succession of this business organisation, In 2018,
Walmart become number one retailer when it managed to leave behind the Amazon. On the other
hand, it is also said that with the help of thousands of stores, Walmart has unanimously enhanced
sales by 40% from it's online application and website. Including this, it is also said that Walmart
was also deft in capitalizing on many rivals’ problems or demise, leading it to its best holiday
season in years. At present organisation is also continuously managed to bring innovations at
workplace considering the different range of features that has been given to customers like self-
driving delivery vans, personal shopping service and many more. Away with this, it is also said
that Walmart has succeeded just when it has managed to decide the number of key markets,
where firm has already passed the 500 billion mark recently (Walmart, 2019).
Opportunities, risks and considerations in becoming a global company.
When an organisation looks forward to become an international organisation, it brings
ample number of things with it and these are: Opportunities where in present time, it can be said
that for a business organisation like Walmart, there are number of opportunities stays available
like conducting business in a whole new sector and more. If it is talked about risks where
Currency exchange fluctuations can wipe out gains of a company like Walmart. It is must for this
kind of an organisation to develop right strategy to sustain within the market. Considerations
where, fluctuations among economic conditions of a country and more are said to be some of the
issues, that are required Walmart to understand, so that it could effectively gain competitive
advantages (Tallman, Luo and Buckley, 2018).