19 Jul WHAT FORCES DO YOU THINK ARE AFFECTING THE RETAIL BUSINESS TODAY?
Assignment 1: Is Walmart Good for America?
Video Case.
Frontline offers two starkly contrasting images: one of empty storefronts in Circleville, Ohio, where the local TV manufacturing plant has closed down: the other—a sea of high rises in the South China boomtown of Shenzhen. Is there a connection between American job losses and soaring Chinese exports? Walmart! For Walmart, China has become the cheapest, most reliable production platform in the world, the source of up to $25 billion in annual imports that help the company deliver everyday low prices to 100 million customers a week. But while some economists credit Walmart’s single-minded focus on low costs with helping contain inflation, others charge that the company is the main force driving the massive overseas shift to China in the production of American consumer goods, resulting in hundreds of thousands of lost jobs and a lower standard of living here at home.
“Is Walmart Good for America?” provides a provocative examination of the impact Walmart has had on the economy. The documentary highlights the changing relationship between manufacturers and the so-called “big-box” retailers—exemplified by Walmart—that has contributed to the bankruptcy of some American businesses and a growing unemployment rate. While Walmart supporters tout the advantages of one-stop, low-cost shopping, others are alarmed at both the outsourcing that has made these low prices possible and how large retailers affect smaller, local businesses. FRONTLINE examines the winners and the losers as it documents how: Below some thoughts reviewed in the film:
Assignment questions:
Q1. What does the documentary tell you about the global business environment?
Q2. What were the forces changed the dynamics of retail industry during the past decades of the 20th century? Be specific and provide examples.
Q3. What forces do you think are affecting the retail business today?
Answer question ONE BY ONE.
DO NOT use any other source.
It is global business class.
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