Traditional Culture Encyclopedia - Traditional culture - What is Wal-Mart's business strategy?
What is Wal-Mart's business strategy?
Wal-Mart is a large retail platform connecting suppliers, e-commerce and consumers. Wal-Mart is a platform-based enterprise. The starting point of all Wal-Mart's business strategies is human nature, especially its greed and profit drive. Fair price every day, consistent. Save every penny for customers and make customers live better.
Business strategy
Wal-Mart always adheres to the principle of benefiting the people and saving money for customers. This is the success of Wal-Mart's supremacy of human nature. Comply with human nature and follow the trend, and the waterway will be built. The "three lows" strategy has created the core competitiveness for Wal-Mart and won the market space.
Three low strategies, namely low cost, low cost and low price. Low-cost logistics, low-cost distribution, low-cost procurement and low-cost operation have created low-cost advantages in overall operation and low-cost sales every day. This has brought huge cash flow to Wal-Mart, the capital of money generation.
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