Western companies often impose western culture on the country in which the business is launched. Locate an article that contains a similar situation as Wal-Mart and summarize the findings. What is your analysis of the situation? How could this have been prevented?
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As you offer an example of how Western companies often impose western culture on the country in which the business is launched and then locate an article that contains a similar situation as Wal Mart and summarize the findings, I chose to look at Wal Mart's failure and ultimate removal from South Korea.
Upon analyzing the reasons for the failure, I feel that Wal Mart imposed Western values of "bigger for your buck" and the quantity over quality theory to this target market, and it was rejected. Experts also show that "Wal-Mart failed to catch the Korean consumer's ...
Examples of businesses that fail in foreign countries are briefly listed.