Final answer:
To succeed in Germany, Walmart could have adapted its business model to the local market and culture by partnering with local suppliers, being sustainable, and understanding and respecting German preferences.
Step-by-step explanation:
To succeed in Germany, Walmart could have adapted its business model to the local market and culture. One issue Walmart faced was competition from locally owned businesses, also known as 'mom and pop' stores. Walmart's massive advantage in economies of scale allowed them to undercut prices, which eventually led to the closure of many small businesses. To avoid this negative impact, Walmart could have considered partnering with local suppliers and businesses, or even adopting a franchise model that supports local entrepreneurship.
Another factor to consider is Germany's strong focus on sustainability and environmental consciousness. Walmart could have emphasized its commitment to sustainability by implementing eco-friendly practices, such as reducing packaging waste, offering more organic and locally sourced products, and investing in renewable energy sources for its stores.
Additionally, understanding and respecting the culture and values of the German market is crucial. Walmart could have invested in market research and tailored its product offerings to align with German preferences. This could include stocking more European or German-made products and adapting to the unique shopping habits of German consumers.