Management Processes: An Example of Successful Change of Wal-Mart.
Title: Management Processes: An Example of Successful Change of Wal-Mart.
Category: /Business & Economy/Management
Details: Words: 686 | Pages: 2 (approximately 235 words/page)
Management Processes: An Example of Successful Change of Wal-Mart.
Category: /Business & Economy/Management
Details: Words: 686 | Pages: 2 (approximately 235 words/page)
An Example of Successful Change
Introduction
Why is Wal-Mart so Successful? Is it Good Strategy or Good Strategy Implementation? In 1962, when Sam Walton opened the first Wal-Mart store in Rogers, Arkansas, no one could have ever predicted the enormous success this small-town merchant would have. Sam Walton's talent for discount retailing not only made Wal-Mart the world's largest retailer, but also the world's number one retailer in sales. Sam Walton has made certain changes that
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forward for thirty years. Today the company is still growing steadily. Wal-Mart executives continue to rely on many of the traditional goals and philosophies that Sam's legacy left behind, while simultaneously keeping one step ahead of the ever-changing technology and methods of today's fast-paced business environment. The future also looks bright for Wal-Mart, especially if it is able to continue its customer-driven culture, it should remain a retail industry leader well into the next century.