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Largest national economy

Capitalist economy
Protectionist strategy
A huge, integrated and industrialized
economy
Largest national economy

Capitalist economy

Protectionist strategy

A huge, integrated and industrialized


economy
• Individualism - Individual initiative and personal
achievement.

• Low context culture - Communicate meaning and


information explicitly through words.

• Egalitarianism - Equal rights, equal social obligations, and


equal opportunities based on the concept of
individual merit.
Punctuality - Americans perceive lateness as a sign of
disrespect.

Deadlines - Americans perceive lateness as a sign of


disrespect.

Work Ethic - Strong American work ethic .


Personal competence, professionalism, and
accountability
Company Relationships
Social Relationships
•Begin and end business meetings with a brief but firm handshake.
•The exchanging of business cards
•Signed contract
•Emphasis is placed on one’s financial position and power.
• Adhere to rules
NYSE - New York Stock Exchange
NASDAQ - National Association of Securities
Dealers Automated Quotation
New York Stock Exchange (NYSE) is a stock exchange based in
New York City, New York. It is the largest stock exchange in the
world by dollar value of its listed companies' securities. As of
October 2008, the combined capitalization of all domestic New York
Stock Exchange listed companies was US $ 10.1 trillion.
The NASDAQ (acronym of National Association of Securities Dealers
Automated Quotations) is an American stock exchange. It is the largest
electronic screen-based equity securities trading market in the United
States. With approximately 3,200 companies, it has more trading volume
per hour than any other stock exchange in the world.
Wal–Mart
Supply Chain Management
Practices

Satyendra........
Overview Of Wal-Mart
Founded in 1962 by Mr. Sam Walton
First store opened in Bentonville, Arkansas
Today 6600 stores worldwide in country
like Japan ,Mexico , Argentina ,Canada
China ,Costa Rica ,UK
Ranked first in the global Fortune 500 list
in the financial year 2001-2002 earning
revenues of $ 219.81 billion
1.28 million people working worldwide
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Components In SCM
•Wal –Mart procured goods directly from
manufacturers , bypassing all intermediaries.
•Wal-Mart spent a significant amount of time meeting
vendors and understanding their cost structure.
•Wal-Mart generally preferred local and regional
vendors and suppliers.
•Wal –Mart own warehouses supplied 85% of the
inventory .

Wal-Mart invested heavily in IT and communications
systems to effectively track sales and merchandise
inventories in stores across the country.

Wal - Mart set up its own satellite communication


system .

Wal –Mart employees had “Magic wand” a hand held


computer , which help to keep track of the inventory
in stores , deliveries and backup merchandise in stock
at distribution centers.
Conclusion
Wal –Mart SCM practices resulted in increased
efficiency in operations and better customer
service . It eliminated old stock and
maintained quality of goods.
Bar coding and radio frequency technology
enabled accurate distribution of goods .

Cross- docking helped Wal -Mart to reduce


inventory storage costs.
Sporting culture of the U.S. is different
from that of many other countries. Compared
to any other nation, Americans prefer a unique
set of sports.
Sports are also organized
differently in the United States.
There is no system of promotion
and relegation like sports in
Europe.Unlike in many other
countries, schools and colleges
and universities sports
4 Major Team sports of
U.S.
American Football
Baseball
Basketball
Ice Hockey
American Football

It is a competitive team sport known for


mixing strategy with physical play. The
objective of the game is to score points by
advancing the ball into the opposing
team's end. The ball can be advanced by
carrying it (a running play) or by throwing
it to a teammate (a passing play). Points
can be scored in a variety of ways,
including carrying the ball over the
opponent's goal line, catching a pass
thrown over that goal line or kicking the
ball through the goal posts at the
opponent's end The winner is the team
with the most points when the time
American Football
Baseball

Baseball is a bat-and-ball sport played


between two teams of nine players each.
The goal of baseball is to score runs by
hitting a thrown ball with a bat and
touching a series of four markers called
bases arranged at the corners of a ninety-
foot square. The teams switch between
batting and fielding whenever the fielding
team gets three outs. One turn at bat for
each team constitutes an inning; nine
innings make up a professional game. The
team with the most runs at the end of the
game wins.
Baseball
Basketball
Basketball is a team sport in which two
teams of five players each try to score
points against one another by propelling a
ball through a 10 feet high basket (the
goal). Points are scored by shooting the
ball through the basket. The team with
more points at the end of the game wins.
The ball can be advanced on the court by
bouncing it (dribbling) or passing it
between teammates
Basketball
Ice-Hockey
Ice hockey is a team sport played on ice.
It is a fast paced and physical sport. Ice
hockey is played on a hockey rink. There
are six players, including one goaltender,
per side on the ice at any time, each of
whom is on ice skates. The objective of the
game is to score goals by shooting a hard
vulcanized rubber disc called puck into the
opponent's goal net, which is placed at the
opposite end of the rink. The players may
control the puck using a long stick with a
blade that is commonly curved at one end.
Ice-Hockey
Popular Individual Sports
in U.S.
Golf
Tennis
Boxing
Track and Field
Golf
Golf is very popular in the U.S. as a
recreational activity, especially among
business people. The United States is home to
the world's richest men's professional tour,
the PGA Tour. America has consistently been
the most successful nation in men's
professional golf. Tiger Woods is one of the
most well known American golfer
Golf
Tennis
Tennis is played nationally at high school and
college levels, and the country hosts one of
the four annual Grand Slam tournaments, the
US Open, in New York City. Pete Sampras still
holds the record for highest Grand Slams won.
Tennis
Boxing
Boxing is one of the major sports in the U.S.
from the late 19th century. U.S. boxers such
as Muhammad Ali and Sugar Ray Robinson
rank among the all time greats of the sport.
Boxing
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