Professional Documents
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Introduction To
Management
Assignment # 3
Walmart:
Walmart was founded in 1962, and now it is one of the largest retailers in the world. The strong
points of Walmart are high levels of customer service, strong inventory management, purchasing
economies, etc. During 1980s and 1990s, Walmart has rapidly expanded in its home market
Walmart was able to succeed in Canada and Latin America for the following
reasons:
It entered Mexico first with a 50-50 joint venture. It partnered with a local firm. This venture
helped Walmart in managing the cultural and income differences. Walmart was able to learn
about the market with the help of the local firm
Then, based on the learning from the Mexican market, it entered Brazil with a joint venture
strategy again. It reinforced its knowledge in Brazil
Based on the knowledge gained from the experiences in Brazil and Mexico, Walmart was able to
open wholly owned stores in Argentina. With the learnings from various markets and years of
experience, Walmart was able to expand rapidly in Latin Americas.
Walmart entered Canada by acquiring the local stores. Immediately, Walmart restructured these
stores using those practices which were a huge success in the United States. As a result,
Canadian operations were a huge success.
Build and implement a quality management system in accordance with the principles of the
latest ISO 9001 standard
Have an audit performed by a Certified Body (CB or Registrar) to assess the performance of your
QMS against the latest ISO 9001 standard.
If you are successful, the certificate will need to be recertified after three years (and every
subsequent three years) to make sure you’re still up to standard (as well as any new changes to
the standard)