Description
For this Assignment, you may use a Fortune 500 Company that you have already researched. The focus here is on both domestic (American) and global operations. The Assignment incorporates how the firm functions in different parts of the world and what it can do to maximize its effectiveness as a global organization.
Unformatted Attachment Preview
Purchase answer to see full attachment
Explanation & Answer
Hello😉Here's the final copy of your assignment attached alongside its outline. In case you'll need any revision done, don't hesitate to reach out to me. I'll be happy to revise it for you. Thank s a bunch!Bye for now!
Running head: WALMART INC.
1
Impacts of Macroeconomic Factors and Multiculturalism on
Walmart’s Operations
Name:
Institution:
Course Code:
WALMART INC.
2
Impacts of Macroeconomic Factors and Multiculturalism on
Walmart’s Operations
Introduction
Walmart’s global and domestic operations are affected by various macroeconomic
factors like inflation, gross domestic product, and unemployment rates. The corporation is
relatively vast, contributing approximately 2.3% of the nation’s GDP and employing millions
of American citizens. Likewise, the corporation operates many outlets in countries like
Mexico, thereby increasing the dependence on foreign economies. Any changes in the
Economic conditions of the U.S or other nations utterly affect Walmart’s operations. For
instance, the 2018 GDP decline in the U.S affected the purchasing power of consumers,
which led to a significant loss of business.
Furthermore, Walmart’s operations are also influenced by multiculturalism due to
the changing demographic dynamics in the U.S population. Walmart’s apparent failure in
Germany also depicts how global operations can be hindered or driven by multiculturalism.
Therefore, the corporation has to streamline its processes to satisfy the needs of varying
ethnicities and culture, both domestically and globally. This paper evaluates Walmart’s
macroeconomic indicators, outlining how they affect functions and industry performance.
Further, it assesses the necessity of incorporating diversity and multiculturalism in global
operations.
Macroeconomic Indicators
Indicator
Consumer Price Index
Recent Changes
➢ In the first half of
2019, average
Effects on Operations
➢ Price wars
➢ High inventory costs
WALMART INC.
3
consumer goods
prices increased by
2.3%.
➢ Devaluation of the
dollar.
➢ Lower profit margins
➢ The surge was the
quickest pace
recorded in recent
years.
➢ In June 2019, a...
