Organisations in Global Economy

Business
Organisations in
Global Economy

Table of Contents
INTRODUCTION...........................................................................................................................1
BACKGROUND INFORMATION OF WALMART.....................................................................1
Size, legal form or ownership and current international operations of Walmart.........................1
BACKGROUND INFORMATION OF BUSINESS ENVIRONMENT........................................2
Use of PESTLE analysis..............................................................................................................2
Use of Porter's five forces analysis'.............................................................................................5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Business organisations in global economy is the concept of establishing an enterprise in a
new country or expanding the business in same location. With the help of it growth in future
could be acquired by companies (Ahmed and Underwood, 2016). This report is based upon
Walmart which is a multinational retailer and operating business in various countries around the
world. It was founded in year 1962 by Sam Walton and incorporated in year 1969. The
organisation have identified the FDI opportunity of establishing business in Greece. This
company is selected for the report because it is one of the largest and famous entity executing
business in various countries. This assignment covers various topics which includes background
information of enterprise and the country in which the company will be established. For the
purpose of analysing the external environment of Greece PESTLE analysis is used in this
project.
BACKGROUND INFORMATION OF WALMART
Size, legal form or ownership and current international operations of Walmart
Walmart is operating business at global level and it is one of the famous multinational
retail corporation which is headquartered in Bentonville, Arkansas. The founder of it is Sal
Walton who founded it in year 1962 and it was incorporated in 1969. It operates in discount
department, grocery stores and hypermarkets. Currently it is having more than 11400 stores
around the world. Chairman of the company is Greg Penner and president of it is Doug
McMillon. There are various subsidiaries of it which are Sam.s Club, Walmart Canada and
Flipkart.
Size of Walmart: Size of the organisation is very big as it operates in global level and
serve to many countries. It also provides range of products and services to its customers for the
purpose of meeting their satisfaction level. These are footwear, toys, health and beauty,
jewellery, movies and music, craft supplies, grocery etc. and its services are pick up today,
financial services, Walmart Pay etc. Annual revenues of it for year 2019 are more than 500
billion dollars. It is owned by Walton Family and it is operating business with the help of more
than 2.2 million employees. It shows that financial position of the company is very good which is
justifying its size (Overview of Walmart, 2019).
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