Wal-Mart entered India with the idea of global expansion, but it has been faced with opposition that it usually does not face. What did Wal-Mart do? It adapted to the market conditions and made it work. Instead of focusing its attention down the chain on customers, which Wal-Mart cannot do because of restrictions, it is focusing its attention upstream on the producers – the farmers. This relationship is mutually beneficial because it gives Wal-Mart a valuable partnership within the country, which is important when entering new markets, and the farmers receive higher prices for their products as well as information and technology that are available through Wal-Mart and its affiliates. Perhaps the higher productivity and incomes will alleviate some of the poverty problems and Wal-Mart will succeed in India. This example is a good indication that adaptation and cooperation are the keys to successful entrance into a new market.
http://www.ndtv.com/news/india/how-wal-marts-wooing-indian-farmers-19777.php
jbreitb2, 2 years ago | FlagIt is always difficult to join a new market, it is even worse when it does not go the way you wanted. Wal-mart did the correct thing and they learned to adapt to the conditions
they were given and made it work successful ly. Wal-Mart knew that reasearchi ng the different markets in a country and then adapting to what the people want is very important when entering a new market. Finding that partnershi p that works for both parties was the most important research they could have done. I agree that this is going to help the poverty problems in India. Wal-Mart did a great job and it definetly shows that they know how to enter into a new market. This is a good article to help other countries see what is needed when they are entering into new markets.
hhatton2, 2 years ago | FlagWalmart's global expansion efforts are not only impressive
in India, but in other developing countries such as Brazil and China. After reaching saturation in the US, moving on to foreign markets takes a great deal of adaptation in order to be successful . In addition to a vastly different demand for goods based on cultural and geographic al difference s, strong relationsh ips need to be built with suppliers. This article shows how Walmart is differenti ating itself to foreign markets by actually helping out their supplier with small technologi cal innovation s. This relatively small investment towards the farmer will help establish strong business connection s in the future.
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