GMS 200 Lecture 6: Lecture 6 GMS Notes

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Emad Samwel

Document Summary

Now: we need to understand how managers in this globally competitive environment: Strategically determine the course of their companies under particularly difficult circumstances. Canadian retail sector: grocery industry (cid:862)lo(cid:271)law jo(cid:271) (cid:272)uts underline retailers new reality(cid:863), o(cid:272)to(cid:271)er (cid:1005)6, (cid:1006)(cid:1004)(cid:1005)(cid:1006) Entry of wal-mart in the canadian grocery industry has led to increased competition; it has become even tougher with the entry target in ontario. Loblaw has also been directing more resources to its discount chains (i. e. no frills, superstore) that collectively account for about two-thirds of its annual sales of approx. Founded by sam walton in 1962 with the opening of the first store in rogers, arkansas. With more than 10,300 stores in 27 countries, wal-mart is the largest retailer in the world. Wal-mart"s (cid:1006)(cid:1004)(cid:1005)(cid:1006) (cid:374)et sales i(cid:374)(cid:272)rease (cid:271)y (cid:1009). 9c% o(cid:448)er the (cid:1006)(cid:1004)(cid:1005)(cid:1005) figure to al(cid:373)ost (cid:1008)(cid:1008) (cid:271)illion. Wal-mart: customer focus, managerial philosophies and priniciples (cid:862)pro(cid:448)ide (cid:272)usto(cid:373)ers (cid:449)hat they (cid:449)a(cid:374)t, (cid:449)he(cid:374) they (cid:449)a(cid:374)t it, a(cid:374)d e(cid:374)sure that (cid:272)usto(cid:373)ers re(cid:272)ei(cid:448)e true (cid:448)alue. (cid:863)