Contrast of Carrefour and Wal-Mart Essay Example for Free

Contrast of Carrefour and Wal-Mart Essay Since the American entrepreneur, Clarence Saunders, opens his first Piggly Wiggly store in Memphis, Tennessee, in 1916, the concept of self-service store has swept the globe. With the largest population in the world, China is expected to be the world’s biggest retail market which is now already the world’s fastest-growing market. ( Anon, 2011:1) As the world’s first and second largest retail groups, Carrefour and Wal-Mart are one their way piling in. However, with 5000 years of traditional history and 30 years of planned economy, china has already formed its own market tradition. Though, the two giants both need to face the special Chinese market, in some aspects, they use different strategies and have different market feedback. This essay will illustrate the similar strategies the two retail groups have been using and also analyze the ways they use to adapt to the Chinese market differently. To begin with, for opening the Chinese market, Carrefour and Wal-Mart both choose to cooperate with the local commercial. $1 billion was given to Wal-Mart’s 100 hypermarkets’ supply chain, ranging from food to electronics (Shu-Ching, 2010, P. 1). Similarly, Carrefour also tried to adapt to local conditions, i. . cooperate with Lianhua Supermarket Company in Shanghai. The reasons why they cooperate with local partners is not just because of the legal considerations, but also to have a deep understanding of the difficult and complex Chinese market (Peter, 2006, P. 6). Nevertheless, they use different strategies according to different company development plan. Wal-Mart focuses more on the long term partnership nationally or even internationally. Considering the different regional culture and local policy, Carrefour changes partnerships by local markets (Peter, 2006, P. ). Furthermore, Carrefour adopts different strategy throughout all its global market, focusing on locally sourced products, as well as its local management teams, which are almost comprised of domestic employees to be more familiar with the local tastes. Also, on purchasing larger market shares, expansion strategy is common used by the two retail market giants. Since Carrefour opened its first store in china in 1995, it has already operated 73 hypermarkets in 29 cities which makes about $2 billion profit (Peter, 2006, P. ). Likely, 338 shops in 124 cities makes Wal-Mart $7 billion annually which is just a little bit lower than whole Carrefour shops’ profit (Anon, 2011, P. 2). Moreover, they both regard second- and third-tier cities as a good growth opportunity, and have already built shops in western cities which are not so developed. Even though, they perform different strategies in expanding their market. Firstly, Wal-Mart aims at making central distribution center, while local distributors are more considered by Carrefour. Secondly, hypermarkets often constitute larger shopping and entertainment complexes, therefore, a large amount of Carrefour stores are built at the city center for customers to go by foot or by bike. Comparing to this, edge-of-town is where Wal-Mart outlets often located, where customers can have large parking facilities or even shuttle bus provided (Moreau, 2008, P. 1). Last but not the least, Carrefour builds its stores based on the organic expansion primarily. By contrast, Wal-Mart combines organic growth with large-scale acquisitions, which leads to its Chinese revenues doubled. Lastly, to perform well in Chinese tradition market, Carrefour and Wal-Mart both have their changes in shops and marketing. On the one hand, for saving a million yuan in electricity and water costs, two retail chains’ common aim is to achieving â€Å"zero-carbon† stores by next year, which forces them to open a range of new energy saving stores in China, such as using waste gas to heat water and fluorescent lights, making use of natural lighting and integrating energy-saving technologies (Anon, 2009). On the other hand, to discover new growth areas in retail profit, selling medicine has been put on the agenda. The two giants have already been in close contract with the Ministry of Commerce on the medicine retail business and affirming that world’s largest retailer’s distribution network will be covered by medicine sales (Anon, 2005). Although there are a lot of similar strategies in market development, the two retail groups also have their different development focus. In the first place, Wal-Mart awards its employees based on profit-sharing stock, which will improve employees’ skills, trust and constant work, while Carrefour focus more on salaries. In addition, Carrefour adopted a multi-format strategy, i. e. open smaller outlets in the discount format to create another profit growth, while Wal-Mart develops its presence in the hypermarkets format exclusively (Moreau, 2008, P. 3). In details, proved to be a dynamic format competing against hypermarkets operators, department stores get a CAGR increase of 9%, 2002-2007. Therefore, department stores sales continue to be boosted by the expansion period decided by Carrefour (Moreau, 2008, P. 2).

conscience :: essays research papers

Conscience   Ã‚  Ã‚  Ã‚  Ã‚  Decisions that add or take away from their love for God, love of self, or love of neighbour is the job of every conscience. All people are faced with moral and immoral choices in every day life. What helps solve ones problem is their conscience. There are three things that help one develop their conscience. They are the teachings of the magisterium, tradition and scripture.   Ã‚  Ã‚  Ã‚  Ã‚  The Magisterium. The Catholic faith tells one that if one follows the Church’s teachings on moral issues, one will become a more loving and Christ- like person. A Catholic has a responsibility to pay attention to what the church teaches and take into consideration how this will affect our relationships with God. When one solves a problem through magisterium, one must solve this problem with humility. This means that one can admit that they need help, and turn to the Catechism of the Catholic Church to help solve the problem. When one does this, it is difficult to admit to God and the Church that one needs help.   Ã‚  Ã‚  Ã‚  Ã‚  Scripture. Another teaching that helps develop a person’s conscience is scripture. Scripture is the teachings of God and Jesus in the bible. Scripture helps to solve problems because it reminds one of the moral problems Jesus faced. The teachings of scripture have set guidelines on how a person may solve a problem. This helps one to analyze their own problems and relate them to the teachings of Jesus, God and the bible. The Scripture teaches one what to do in a Christ- like way.   Ã‚  Ã‚  Ã‚  Ã‚  Tradition. Tradition is the third thing that helps one develop their conscience. Tradition sometimes makes it difficult for a person to solve a problem through magisterium and scripture. Tradition is the way the world around us is and a person is often influenced by their society. When one is faced with moral dilemma and the decision is based on tradition, it can make us further away from God. These decisions are normally based on family and friends doing the same thing, and one may feel that they should do something, because everyone else is.   Ã‚  Ã‚  Ã‚  Ã‚  Magisterium, Scripture and Tradition are the three important components that we take into consideration when facing a problem. They shape and develop ones conscience.

Cynthia Morris Essay

There is a quote that says: Mothers are angels who teach their children how to fly. Indeed my mother was an angel who in my younger years I thought was sent here to torture me especially when I wanted to hang out with my friends instead of doing chores or homework. My mother was the pillar of strength, love, and compassion. Mothers may be misunderstood but that doesn’t mean they don’t care or know better. My earliest memories of my mother, was her pretty face, beautiful smile, and small frame. To me she was the most beautiful woman on earth and nothing compared to her. Even though she was unlike the celebrity moms who wore designer clothes and ate in fancy restaurants, my mother was very real. My mother was a very small, petite woman who you did not want to cross. I loved the way she combed her hair. I loved the way she would play with my hair or rub my legs after a track meet even when I smelled like sweat. On the incidents that my siblings and I crossed my mother her big brown eyes would squint with disapproval. But I came to love that about her. When those brown eyes started to squint it meant you had done something wrong. Even though there were seven children my mother never played favorites. But rather, made appoint to be fair and equal with all of her children. Whenever I admitted to making a mistake, Mom would not hesitate to point it out to me, and punish me if needed. At times I detested it but over time I came to realize that Mom did that because she had my best interests at heart. She was never one to hold grudges for long. Like most mothers, my mother was very protective of me that often times I resented her for being so. I did not understand why she had to constantly ask about my whereabouts: Who I was with and where I was going. It never occurred to me that this was an essential part of being a mother. A mother cares and worries for her children. My mother taught me that getting reprimanded did not mean she loved me less. On the contrary, she showed me that when she scolded me, it meant she cared and worried about me. Mother certainly had her own flaws but I came to accept, in fact love every bit of them. When she called me non-stop, it was because she missed me or needed something or I had made her angry about something. Some may have called it nagging, I call it loving. For a person to wear her heart on her sleeves is a vulnerable thing, my mother was never vulnerable. In fact she was very strong. She never backed off in a fight especially if she knew she was right but she also knew how to compromise too. But compromising for her did not mean that you were wrong. Compromising was just another way of getting things done – later. When I started school, mom was my ally. To me, school was a world were ghosts and bad guys lurked. Instead of laughing at my fears, my mother showed me instead how great school was. My first day of school, she prepared my favorite snacks and walked me to school. Instead of leaving me at the gate, she walked me to the door, knelt down and told me: â€Å"Don’t worry, everything will be ok†. Although these words are pretty naà ¯ve, to a child on her first day of school, these words were more than enough for me. I went to school that day knowing that Mom was there for me and I learned to enjoy school. I made a few friends and introduced them to my mother who was more than happy to give us cookies and milk for snacks. Although my mother was a stay at home mom, she taught us how important an education was. Mother also taught us the value of relationships. This was evident in her relationship with my Dad. She was married to him for over 40 years before she passed and that for me was not just a manifestation of an enduring love for a person but of trust and fidelity as well. I am hoping that I can do the same in my relationship. Being married to the same person for over 40 years is not a mean feat. It takes a lot of patience and understanding to do this every day. Our generation today does not seem to realize the importance of maintaining a relationship. I, on the other hand, would want to be like my mother. I want to have a long lasting relationship with my partner just like my mother did with my father. I know my mother is not perfect. She had flaws too. But for me, those flaws were tiny imperfections that made her all the more lovable and perfect. Those flaws just made her humanity more evident. My mother was and now is an angel who taught me to fly and dream.

What Drives Ethics Education For Business Schools...

What Drives Ethics Education in Business Schools? Influences on Ethics in the MBA Curriculum Rasche, A., Gilbert, D. U. (2013, January). What Drives Ethics Education in Business Schools? Influences on Ethics in the MBA Curriculum. In Academy of Management Proceedings (Vol. 1, 2013, pages 1-31). Academy of Management. Introducing week’s one entry I chose the title article above, â€Å"What Drives Ethics Education in Business Schools? Influences on Ethics in the MBA Curriculum.† This article entail insight which, immediately drew my attention how ethics plays a percentage still today in our practice of school business education. Personally, I feel that its presence has all but disappeared in our generation and the generation of business in the upcoming century. The author(s) of this piece was attempting to find out what is the motivating factor behind teaching Ethics in business schools. The author(s) was trying to find out where and when it was place most prevalent in the curriculum within the MBA programs. The author(s) felt compelled to express the need as an outline they noticed from varying amounts of importance placed on Ethics throughout various institutions. The measurement used for this research was that of a survey. The author(s) used the results of the 2009 Beyond Gray Pinstripes survey in which, a questionnaire was introduce by students enrolled as full-time, and in person MBA programs. The study gave four key issues that had arisen in theShow MoreRelatedThe Role of Ethics and Law in Creating and Maintaining Efficient Markets 1856 Words   |  7 Pagesenvironmental and social issues, there is a proficient need to educate future business leaders on actually how to run a business in a manner that contributes towards modern day concepts of sustainability and protection of natural resources around the world. 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