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Unformatted text preview: .............................................................. 58 5.2.3 Local Suppliers and Jobs ............................................................................... 59 5.3 Research Questions .......................................................................................... 62 5.3.1 Who were the main stakeholders during Wal-Mart’s entry into South Africa? 62 5.3.2 What were the stakeholders’ roles and motives? ........................................... 63 5.3.3 How did stakeholder groups react to the entrance of Wal-Mart into South Africa? .................................................................................................................... 64 5.3.4 How did Wal-Mart manage the main stakeholders when entering South Africa? .................................................................................................................... 66 5.3.5 What were the outcomes of Wal-Mart’s management of the main stakeholders on entry into South Africa? ..................................................................................... 67 5.4 Conclusion of the Results .................................................................................. 68 viii Chapter 6: Analysis of the results ................................................................................... 69 6.1 Introduction ....................................................................................................... 69 6.2 Who were the main stakeholders during Wal-Mart’s entry into South Africa? ... 69 6.3 What were the stakeholders’ roles and motives? .............................................. 72 6.4 How did the stakeholder groups react to the entrance of Wal-Mart into South Africa? ........................................................................................................................ 73 6.5 How did Wal-Mart manage the main stakeholders when entering South Africa? 74 6.6 What were the outcomes of Wal-Mart’s management of the main stakeholders on entry into South Africa? ......................................................................................... 75 chapter 7: conclusion and recommendations ................................................................. 77 7.1 Introduction ....................................................................................................... 77 7.2 Main Findings .................................................................................................... 77 7.3 Implications for Practitioners .......................................................................... 78 7.4 Recommendations for Future Research ............................................................ 79 Bibliography.................................................................................................................... 80 ix Table of Figures Figure 1: Wal-Mart sales revenue from 1995 to 2010 .................................................. 6 Figure 2: The Diamond Model ................................................................................... 18 Figure 3: The FSA/CSA matrix .................................................................................. 19 Figure 4: The RI process ........................................................................................... 22 Figure 5: A model of factors influencing the retail internationalisation process .......... 25 Figure 6: A history of the stakeholder concept ........................................................... 28 Figure 7: Stakeholder view of firm.............................................................................. 30 Figure 8: Strategic stakeholder groups ...................................................................... 33 List of Tables Table 1: Comparison of global retailers’ size ................................................................. 5 Table 2: The stakeholder model of foreign retailer entry .............................................. 37 Table 3: The stakeholder types during the entry of Lindl into Finland .......................... 39 Table 4: Summary of Results for Research Question 1 - Key Stakeholders ................ 63 Table 5: Summary of Results for Research Question 2 Stakeholder Motives and Roles ..................................................................... 64 Table 6: Summary of Results for Research Question 3 – Stakeholder Reaction…….66 x CHAPTER 1: INTRODUCTION AND PROBLEM DEFINITION 1.1 Introduction Globalisation is a defining feature of business today, and internationalisation is one of the most significant trends in today’s business environment (Vida & Fairhurst, 1998). In most industries a global strategy has become a necessity management cannot afford to ignore (Porter, 2008). At the same time there is a significant shift in the world economy. Emerging countries led by China are driving global economic growth, and this is likely to continue in the foreseeable future (Agtmael, 2007). Global bodies such as the International Monetary Fund (IMF) recognise that future economic growth in the w...
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