Hi, Ive been tasked to write about the economic environment of the worst company to work for. The company I chose is Foot Locker.Additional instructions; Continue working with your chosen least...

Running Head: DOMESTIC VS. ECONOMIC MARKETS    1
DOMESTIC VS. ECONOMIC MARKETS        2
CONTRAST AND COMPARISON OF DOMESTIC AND ECONOMIC MARKETS OF FOOT LOCKER RETAIL INC
Table of Contents
Domestic and Economic Environment of Foot Locker in Context of Rostow’s Theory of Growth    3
Domestic and Economic Environment of Foot Locker in Context of Galbraith Five Star Model    4
References    6
Domestic and Economic Environment of Foot Locker in Context of Rostow’s Theory of Growth
    Foot Locker is an all-American company, which made its mark as leading footwear retain store and has been in business for the last 31 years. The domestic market of the company, namely the US market has changed over the years, as the minimal standards for quality and wages paid to the employees. The competition has gone up to such an extent, that the business has become difficult to manage, leading to the company being termed as one of the worst companies to work for (The Independent, 2015).
Considering the Theory of Growth, current American market, which is also the domestic market for Footlocker is the fourth stage of growth, which is drive to maturity stage. In the current stage, the growth of the market reduces; while a self-sustaining market is created, in which the economic standards go up. As mentioned by Skelton, Nattress and Dwyer (2019), a company with lower profit margins in drive to maturity stage, struggles with the generating of goodwill in the market, as the higher wages, justification of price for quality ratio and the higher number of quality offering makes the market unprofitable and satisfactory for the employees at the same time.
The American market retains higher minimum wages rate, brings open door policy for local industry development and indulge in globalization, intensifying the competition in the process. In case of the economic market of Foot Locker, the Asian countries, in which Foot Locker...