How has Walmart been impacted by globalization?
Answers from top 8 papers
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| Papers (8) | Insight |
|---|---|
78 Citations | Based on several measures, we find that globalization has increased. |
13 Citations | The positive effects were found to dissipate with distance from the new store, suggesting that the Walmart effect is highly localized. |
| This paper argues that the likely impact of globalization on world inequality has been very different from what these simple correlations suggest. | |
19 Citations | This paper asserts that globalization has a positive side as well. |
15 Citations | The effects of globalization could be determined by specific regional (i.e., cultural and societal) factors. |
| The correlation between globalization and inequality is likely to have been causal. | |
| Our results suggest that globalization is an important variable that has been overlooked in much of the previous cross-country research. | |
| These findings provide important insights into the sources of the globalization backlash and have important implications for how globalization should be both studied and theorized. |
Related Questions
How does Walmart's market position affect the threat of new entrants?5 answersWalmart's commanding position in global supply chains significantly influences the dynamics of market entry for new competitors, primarily through its strategic use of symbolic resources and its impact on consumer perceptions and industry standards. The concept of "outsourcing feminism," as identified by Otis and Petrucci, illustrates Walmart's approach to leveraging its market position to project an image of ethical leadership and female empowerment. This strategy not only enhances Walmart's brand but also sets a high bar for new entrants in terms of corporate social responsibility and ethical sourcing practices, potentially deterring those unable to meet these perceived standards.
Furthermore, the volatile nature of the information technology (IT) industry, as discussed by Pan, Huang, and Gopal, underscores the importance of agility and innovation for firms aiming to enter markets dominated by incumbents like Walmart. The retailer's extensive use of IT for logistics and inventory management exemplifies a barrier to entry, as new entrants must offer comparable or superior technological solutions to compete effectively.
Chao Ma's analysis of the airline industry provides an analogous perspective on how capital structure influences competitive strategies. Just as lower-leverage airlines might respond more aggressively to threats, Walmart's financial robustness allows it to strategically price products or absorb costs in ways that can be prohibitive for new entrants to match, especially when responding to Walmart's market moves.
The intricate dynamics of price promotions and brand value, as explored by Inderst and Obradovits, further illuminate how Walmart's pricing strategies could affect new entrants. Deep discounting by Walmart can erode the perceived value of competing products, making it challenging for newcomers to establish a foothold in the market without sacrificing profit margins or brand integrity.
In summary, Walmart's market position, characterized by its ethical branding strategies, technological prowess, financial strength, and pricing strategies, collectively creates a challenging environment for new entrants. These factors necessitate a multifaceted approach to innovation, corporate responsibility, and competitive pricing for any firm aspiring to challenge Walmart's dominance.
What are the impacts of globalization on the world economy?5 answersGlobalization has had significant impacts on the world economy. It has led to an acceleration of international trade and a freer flow of investment between countries. However, it has also posed challenges such as increased global competition, which can threaten the survival of weaker sectors of the local economy. Globalization has also created greater economic inequality, with not all segments of society being able to access the same opportunities and benefits. Additionally, there are concerns about the loss of local cultural identity due to the influence of dominant global cultures. The implications of globalization are valuable, as it has been blamed for job stealing and depressing wages worldwide. Furthermore, globalization has led to a fundamental shift in the world economy, with barriers to cross-border trade and investment declining and national economies merging into an interdependent, integrated global economic system.
How is globalization impacting US foreign investments?4 answersGlobalization has had a significant impact on US foreign investments. US businesses have been investing more overseas than foreign businesses have been investing in the US. This trend has been driven by the globalization of business investment, which has accelerated in recent years. Contrary to popular belief, the majority of US investment overseas is in other high-income countries. Additionally, foreign investment in the US has been an important source of employment growth in recent years. The link between foreign direct investment (FDI) and globalization is strong, with FDI being one of the most powerful evidence of economic globalization. The rising levels of international business and FDI demonstrate the increasingly globalized business environment. Overall, globalization has led to increased US foreign investments, both in terms of outbound investments by US businesses and inbound investments by foreign businesses.
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