After the city of Washington, D$.$C announced it was raising the minimum wage to $$12\mathrm{.}50$ per hour, WalMart halted construction of a supercenter there, despite having already invested years in negotiations with the City and tens of thousands of dollars in construction. The top managers at WalMart remembered the importance of

knowing when to call it quits

creating standards for good decision$-$making

building relationships

understanding cultural differences