Read How Walmart Inc can successfully enter Singapore market

How Walmart Inc can successfully enter Singapore market

Difrine Madara

4.9/5 (13642 ratings)

Description:Academic Paper from the year 2020 in the subject Communications - Public Relations, Advertising, Marketing, Social Media, grade: A, Kenyatta University, course: International Marketing, language: English, abstract: Singapore is the most developed economy in the Southeast Asia region with a GDP per capita of more than $90000. The country has a well developed retail sector buoyed with strong consumer base, high disposable incomes, high literacy rates and its strategic location. This presented a review of macro environment, competitive and SWOT analyses of the Singapore's retail industry to determine how Walmart Inc can successful enter the market. The review found that the strength of Singapore lies on its favorable business laws and regulations, business-friendly tax rates and high disposable incomes among Singaporeans. Singapore is also highly developed in terms of physical infrastructure and serves as one of the busiest air traffic and sea port hubs in the world. The high disposable income and economic freedom makes it hugely attractive for retail business like Walmart. Stable political climate and socio-cultural diversity also attracts new businesses to the country. However, the study found that corona virus pandemic and high labour and rental costs posed the biggest threats to Singapore retail industry. Nonetheless, the paper suggests adoption of franchising market entry strategy as the most appropriate. Franchising is the most appropriate approach due to low costs and reduced risks of failure. To be successful, the retailer must select a franchisee of good reputation and with a shared vision. Lastly, Walmart can select a franchisee and prepare to enter Singapore market after country opens up for business in the aftermath of the current pandemic.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with How Walmart Inc can successfully enter Singapore market. To get started finding How Walmart Inc can successfully enter Singapore market, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: 36

Format: PDF, EPUB & Kindle Edition

Publisher: Grin Verlag

Release: 2021

ISBN: 3346311600

Description: Academic Paper from the year 2020 in the subject Communications - Public Relations, Advertising, Marketing, Social Media, grade: A, Kenyatta University, course: International Marketing, language: English, abstract: Singapore is the most developed economy in the Southeast Asia region with a GDP per capita of more than $90000. The country has a well developed retail sector buoyed with strong consumer base, high disposable incomes, high literacy rates and its strategic location. This presented a review of macro environment, competitive and SWOT analyses of the Singapore's retail industry to determine how Walmart Inc can successful enter the market. The review found that the strength of Singapore lies on its favorable business laws and regulations, business-friendly tax rates and high disposable incomes among Singaporeans. Singapore is also highly developed in terms of physical infrastructure and serves as one of the busiest air traffic and sea port hubs in the world. The high disposable income and economic freedom makes it hugely attractive for retail business like Walmart. Stable political climate and socio-cultural diversity also attracts new businesses to the country. However, the study found that corona virus pandemic and high labour and rental costs posed the biggest threats to Singapore retail industry. Nonetheless, the paper suggests adoption of franchising market entry strategy as the most appropriate. Franchising is the most appropriate approach due to low costs and reduced risks of failure. To be successful, the retailer must select a franchisee of good reputation and with a shared vision. Lastly, Walmart can select a franchisee and prepare to enter Singapore market after country opens up for business in the aftermath of the current pandemic.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with How Walmart Inc can successfully enter Singapore market. To get started finding How Walmart Inc can successfully enter Singapore market, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Special Offer | $0.00

Special Offer! | $0.00

How Walmart Inc can successfully enter Singapore market

How Walmart Inc can successfully enter Singapore market

More Books

The role of Marxism in the archaeological interpretations of past societies

The role of Marxism in the archaeological interpretations of past societies

The Use of Drugs in UK Prisons. A Policy Report

The Use of Drugs in UK Prisons. A Policy Report

Market Entry Alternatives For International Marketing

Market Entry Alternatives For International Marketing

Marijuana legalization. Positive and negative effects of marijuana for medical purposes

Marijuana legalization. Positive and negative effects of marijuana for medical purposes

Differences between Marshall Plan in Germany after Second World War and Iraq's reconstruction aid after the Gulf War

Differences between Marshall Plan in Germany after Second World War and Iraq's reconstruction aid after the Gulf War

Appropriation of global influences to the South African film production

Appropriation of global influences to the South African film production

What establishes an excellent nurse?

What establishes an excellent nurse?

The Effects of changes on the number of high networth individuals on the Superyacht Industry

The Effects of changes on the number of high networth individuals on the Superyacht Industry

Disaster emergency response in Haiti

Disaster emergency response in Haiti