An Example of Successful Change
Introduction
Why is Wal-Mart so Successful? Is it Good system or Good Strategy Implementation? In 1962, when surface-to-air missile Walton opened the first Wal-Mart store in Rogers, Arkansas, no sensation could have ever predicted the enormous conquest this small-town merchant would have. surface-to-air missile Waltons talent for discount retailing non only make Wal-Mart the worlds largest retailer, but also the worlds number one retailer in sales. Sam Walton has made certain substitutes that help Wal-Mart to achieve its success today. His change techniques involve changing people, technology, and product. Indeed, Wal-Mart was named Retailer of the Decade by Discount Store News in 1989, and on several(prenominal) occasions has been included in Fortunes list of the 10 some admired corporations.
Changing mickle
Wal-Mart is successful not only because it makes sound strategicalal management decisions, but also for its innovative implementation of those strategic decisions. In order to become a superstore, Wal-Mart decided to change the skill level of its workforce. Waltons greatest accomplishment was his ability to empower, enrich, and aim his employees. He believed in listening to employees and challenging them to come up with ideas and suggestions to make the company better. At each of the Wal-Mart stores, signs are displayed which read, Our People Make the Difference.
Associates regularly make suggestions for cutting costs by their Yes We Can Sam program. The sum of the savings generated by the associates really paid for the construction of a new store in Texas. One of Wal-Marts goals was to provide its employees with the appropriate tools to do their jobs efficiently. The technology was not used as a means of replacing active employees, but to provide them with a means to succeed in the retail market (Thompson and Strickland 93).
Changing Product
Wal-Mart stores operate according to...
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