Business expansion is a common strategy in today’s business world. There is no doubt that this is one of the key approaches that have helped modern businesses to thrive in different environments that present various challenges. Wal-Mart, which is regarded as the largest business corporation in the world, should focus more on its goals and try to achieve them through its business expansion strategy regardless of the many obstacles on the way.
According to Baron, Wal-Mart is a big corporation with sales of over $250 billion and an annual profit exceeding $9 billion. These, coupled with the company’s workforce population of about 1.3 million people are clear indicators of a corporation that is on the right track in its business affairs. Wal-Mart’s urban expansion strategy can generate many benefits for themselves and the outside world. In this regard, the corporation should not give up on entering Chicago. By opening stores in Chicago, the corporation will not only be expanding its business opportunities but will also impact the lives of the population within the region in a positive manner.
Even though the venture has been a big challenge to the retailer, considering the constant opposition it has received from the region, Walmart should remain focused on the potential business opportunities offered by the region and nothing else. In order to succeed in the new region, Wal-Mart should be fully compliant with existing legal systems and policies as it is required by the government and other relevant bodies there. Moreover, the corporation should engage in practices that will help in winning the trust of the Chicago people.