Walmart’s Approach to Chinese Market (Essay Sample)

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Walmart’s Approach to China Market
Walmart has an amazing and interesting history. What began small, with one deduction store and the humble clue of selling more for less, has undergone advancement over the previous fifty years into the biggest retailer around the globe. Every week, more than two hundred and seventy five members and clients visit more than eleven thousands and three hundred Walmart’s stores under fifty eight banners in twenty-seven nations and e-commerce sites in ten countries.
Just like any other business existing around the world, Walmart has experienced some past successes as well as failures. Before the business, Walmart, enters the China market, it should learn the following lessons from its past failures. It will help in achieving new success in the new identified market. It should learn that failures in a business or any endeavor is non-existent. It is always that things do not work and there is often a valid reason for so. Failures are usual way or manner for a business to move towards a better and improved path. What a business may recognize as a failure has a huge possibility of being a lesson it learn on its road to greatness. Hence, Walmart should take should take full ownership of its past errors and mistakes and learn from them. In that way, the business will begin doing things the right way and eventually achieving the business’ objectives and success.
As the business prepare to enter new market in China, it should persevere from its initial failures and mistakes. For any business aspiring to grow, perseverance is its key of success. It is just like a virtue for a business. For any business failure is bound of happening, and it does not necessarily imply that this failure will turn into success. Perseverance is compared to an engine which makes the trip from failure into success a reality, because in the event that a business fails it does not automatically mean that it will not try another thing or ways that do not work. Again, failing is often possible, after which