Summary of The Wal-Mart Way

The Inside Story of the Success of the World

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The Wal-Mart Way book summary
Get the full indoctrination into Wal-Mart`s approach and the strategy it used to become the globe`s largest retailer.

Rating

7 Overall

6 Applicability

6 Innovation

7 Style

Recommendation

Author Don Soderquist, Wal-Mart’s retired Vice Chairman and COO, writes passionately about the company; its founder, the late Sam Walton; and its corporate culture. Once dubbed "keeper of the culture," he is not here to write a balanced, objective corporate biography. Instead, his admiration and respect for Walton and Wal-Mart shine from every line. He examines the company’s workings from its humble beginnings to its rapid, phenomenal expansion. Soderquist describes Wal-Mart’s commitment to its customers and employees, and describes its cost-cutting zeal. He details its use of new technology to revolutionize internal systems. These insights from the inside are very interesting, but - perhaps because the author was in the highest ranks of the company’s leadership - the tone is so pro-Wal-Mart that it has the taste of public relations. However, if you seek immersion in this distinctive corporate culture and want to emulate the principles that worked for it, getAbstract stands beside the big glass doors and welcomes you to Wal-Mart. Do you need a shopping cart?

In this summary, you will learn

  • How Sam Walton’s dream of opening a store gave birth to the world’s largest company
  • How Wal-Mart’s corporate culture is the key to everything it does
  • How Wal-Mart innovates and cuts costs to lower prices
 

Summary

The Wal-Mart Creed According to Sam
In 2002, Wal-Mart became the world’s largest company. How did a small business launched in Arkansas grow into an international megacorporation in 55 years? Its success story began with founder Sam Walton, who built his dream on these principles:
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About the Author

Don Soderquist joined Wal-Mart in 1980 and served as executive vice president, vice chairman, chief operating officer and senior vice chairman. He was COO during the period of time when Wal-Mart became the largest global retailer.


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Contained in Knowledge Pack:

  • Knowledge Pack
    Sam Walton
    How a steady man who executed a big idea made one small discount store in rural America into the most dominant retail chain on earth

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