Literature review Essay Example | Topics and Well Written Essays - 1500 words

Literature review - Essay ExampleA study of trial-and-error literature has been carried out with the example of retail industry and considering Wal-Mart as the transnational organization with its operation in several countries being examined under the review. Issues for Multi-national Organisations The several(a) issues for the multinational organization with the example of Wal-Mart as a major player in the retail industry have been discussed below. Strategies of the organization The multinational companies operate in different countries either by establishing its own facilities or with the help of joint ventures. These multinational organizations are thus exposed to country risk of various countries (Butler, 1993, p.58). Wal-Mart, for example Wal-Mart operates well-nigh 8500 stores in around 15 countries all over the world and function under 55 different names in several countries. ... Thus the organisational strategies and decision making with respect to these issues are import ant as the multinational entity would need to take decision of selling the ventures that are not deemed to be economic in future times. The multinational organization also needs to strategicalally invest in ventures that would prove to be profitable in future (Jolly, 2003, p.62). These strategic decisions need to consider the issues related to country risk which entails an examination of the political, economic, social, technological and legal environment in the region of investment. Marketing issues The marketing issues, the developments of the various topical anesthetic markets are important areas of consideration for the multinational corporations. The age of globalization has witnessed several new entrants in the local markets and the threat posed by the competitors raise concerns for the multinational companies for retaining their market share. Thus the multinational companies should continuously update their marketing strategies in govern to counter the steps of the compet itors for holding their market share in various countries (Solberg, 2002, p.50). Wal-Mart for example being the largest grocery retailer and having presence in around 15 countries are required to anticipate the changing market conditions and demands of the consumers in order to retain their leadership position in the retail industry. Although, the market share of Wal-Mart is three times that of its nearest competitor, Carrefour, the multinational company needs to continuously exact innovating strategies and respond to the changing lifestyle of the consumers which are market specific for different countries. The multinational companies also