Economic Analysis

1016 Words4 Pages
Introduction In seeking to carry out an economic analysis of any of the Fortune 500 firms, my firm of choice will be Wal-Mart. Apart from being regarded one of America's largest retailers, Wal-Mart also happens to be one of the largest publicly listed companies not only in America but across the world as well. For my economic analysis, I chose to focus on Wal-Mart based on its relative size, market share as well as market leadership position. Wal-Mart: An Analysis The two economic terms I select so as to learn more about Wal-Mart are resources and choice as well as tradeoff. They both apply to the retailer. When it comes to resources, these are the things that a business makes use of in the course of its operations. Resources include but they are not limited to capital and labor i.e. human resources. When it comes to Wal-Mart, one of the company's most important resources are its employees. According to Yahoo Finance (2012), the retailer currently has approximately 2, 200, 000 full time employees. The entity's current C.E.O is Michael Terry Duke (Yahoo Finance 2012). Regarding choice and tradeoff, it is important to note that any business entity is usually faced with a wide range of choices as well as courses of action. However, choice and tradeoff dictate that the business chooses only one course of action from all the available choices. In the case of Wal-Mart, the entity chose to adopt the cost leadership strategy as opposed to any of Porter's other generic
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