Wal-Smart. How to Profit in a Wal-Mart World. William H. Marquard

What It Really Takes to Profit in a Wal*-Mart World

Show Summary: This is not just an interview about Wal-Mart. It’s about the principles of leadership in a Wal-Mart economy. No matter what industry you work in, Wal-Mart influences the way you do business. In providing a new level of convenience, discount pricing, and efficiency, Wal-Mart has changed the rules of the global economy, the customer expectations for every business-and the ways your organization must deliver to keep up. Is it even possible to thrive in a world ruled by this, and other, industry giants?

Yes, it is possible-if you’re “Wal-Smart,” says Bill Marquard. The architect of Wal-Mart’s first-ever strategic planning process, this interview takes you on a rare tour of what’s really driving Wal-Mart’s success, from its powerful process disciplines to its hidden management “DNA” to its simple, but elegant, productivity loop.

Understand what the smart choices are in various dimensions of the business world as suppliers, employers, competitors and community members.

William Marquard restates the keys to success for Wal-Mart – focus (the business is running one store at a time), correction of errors (how to do it better tomorrow), constructive paranoia (who is ahead of us), thrift, and a `we can make it better’ attitude (reuse others ideas, better.)