Business and the global Economy Essay Example | Topics and Well Written Essays - 500 words

Business and the global Economy - Essay Example Wal-Mart operates in 15 countries and employs 2.1 million employees worldwide. Wal-Mart is headquartered in Bentonville, Arkansas, USA. Wal-Mart was founded by Sam Walton, who also owns Sam's Club stores in the U.S. According to its' official site, Wal-Mart was founded in 1962, and was incorporated in 1969, and started trading on the New York Stock Exchange in 1972. The company grew rapidly and crossed domestic borders when it opened its first store near Mexico City in 1991(n.d.). Today, Wal-Mart operates in 14 countries outside of the U.S and its expansion doesn't seem to halt here. Wal-Mart is constantly succeeding as an international corporation and is in the race for global retail supremacy with other firms like Carrefour and Walgreens. What is it that has made Wal-Mart the king of the retail industry Along with its extensive local marketing, Wal-Mart has also seen success in expanding overseas through its unique market entry mode. In recent years, Wal-Mart has adopted a very different strategy to expanding both locally and globally through the use of supercentres. Wal-Mart's ideas of a supercentre have been very rewarding to the company and its overall objectives.

Compare and contrast the powers of the US and Iranian presidents Essay

Compare and contrast the powers of the US and Iranian presidents - Essay Example mon variation between the two countries as one is a strictly federal country with different levels of governance while one has an executive president and a supreme religious leader (Deveaux, 2014). In Iran, the president holds the second most important position after the supreme religious leader otherwise known as Ayatollah Ali Khamenei. The president has an important public role and image but the country’s constitution that was established after the establishment of the Islamic republic in 1979. The supreme leader controls a significant proportion of the executive branch, possessing powers to make various appointments and decisions affecting the country. The president of Iran is tasked with the role of developing economic policies for the country through the support of the legislature (Kriner & Reeves, 2014). The supreme leader of the country has supreme powers over all issues on the domestic security and foreign affairs policies. Such a situation has negatively affected the global image of the country’s president as he is unable to make decisions while on international trips without the intervention of the supreme leader (Jones, 2011). The nature of distribution of powers in the country has created a limited constitution kind of government in which the powers of the national government are limited only to specific areas that are of national interest. The discretional power of different state organs, institution and public office holders are limited and enforced based solely on the provisions of the law. The impact of the limited government concept on the current governments has remained a major controversy in different public debate environments but its benefits have been attributed to the continued protection (Deveaux, 2014). The president is in charge of domestic and international security and foreign relations policies and develops programs to improve the global position of country. While the parliament of Iran has little influence on foreign and