Learning from mistakes

Walmart appears to be learning from its mistakes as found in this article (http://www.chinadaily.com.cn/bizchina/2006-10/18/content_710681.htm). In one of the best decisions their management have made since expanding internationally.

As opposed to their usual strategy of forcing their American business culture on their new stores in other countries, the giant retailer is opting to buy out a chain of Chinese based stores.

Many of the local residents are supportive of this due to the synergy created by the merging of these two entities.

Apparently their management is learning the concequences of their seeming inflexibility in the international setting.