Economics

Running Head : NameUniversityCourseTutorDateK-Mart and Wal-Mart are twain leading superior merchandises in the United States of which both(prenominal) of them get exposed reach of stores in most parts of the United States offering both retail store services and in any parapraxis the grocery services . twain of them have similarly opened their early(a) branches foreignly . For workout Wal-Mart has branches in Mexico , United Kingdom , lacquer , Argentina , brazil-nut tree , Canada and Puerto Rico , While K-Mart has their international stores in Puerto Rico , Australia and the naked Zealand . Both are therefore rivals and they are competing both domestically and internationally to win more nodes and addition the demand for their products (Featherstone , 2006 , January /FebruaryBetween the two enterprises , Wal-mart h as the greatest profit potential . This is because Wal-Mart s prudence is very over some(prenominal) innovative . Their innovativeness has helped them improve the efficiency of the mixed stores . Wal-mart employees are also trained so as to alter them care for opposite types of duties . The idea of super centers which was introduced by Wal-Mart has change magnitude the growth of their stores importantly . Wal-Mart has also increased the demand for their products collectible to their mission of interchange quality products at a demean cost . apart(predicate) from that , the company has a fast and most economical statistical distribution system . Wal-Mart has also invested so much in the breeding applied science . They were infact the beginning retail store company to conform to the new technology . Wal-Mart also motivates its employees and they focus much on emphasizing the needs of the customer requirementsThe two enterprises have both reached the maturity of their bu sinesses This is because they both have a la! rger parcel of customers in the market as compared to other upcoming supermarkets . They both have large economies of racing shell and they bath provide slicked competition to other dinky upcoming supermarkets . The quest for market share in the international level demonstrate that the companies can be able to handle any kind of haul nationally and internationallyHard technology go for by the two companiesWal-Mart adapted the technology much smart than its competitors and the company was one of the first to use computers in observe the inventory . The bankers acceptance of computers came as early as 1969 . other technologies that was follow by Wal-Mart entangle bar codes which was adopted in 1980 , EDI which was adopted in 1985 and was used to improve coordination between the company and suppliers . There was also the adoption of wireless scanning guns in the late 1980sK-Mart on the other hand was plugged for some(prenominal) years and their adoption to the technolog y was faced with problems . The information current between the retailers and the stores was very behind and created a lot of problems that direct the retailer to remain backward . But it later adopted technology which includes the introduction of verification scanners self-scan systems and hand-held computers which was used in tracking the inventory (Kay , 1995Soft technologies usedWal-Mart s managerial system is superb . The managerial innovation of the various sectors in...If you emergency to get a fully essay, order it on our website: OrderCustomPaper.com

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