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This level of operations was reached in less than 50 years, making the rise of Walmart one of the truly sensational success stories of the 20th century. The research was also consistent in showing that the company's organizational culture that stresses cost savings at every opportunity to minimize operational costs and increase savings to customers has been responsible in large part for much of Walmart's success to date. Many organizations falter and fail when they lose the leadership of a charismatic individual such as Sam Walton, but the research made it clear that he imbued his retain chain of stores with his own philosophical views about what was important and made these views stick with an organizational culture that still reflects these values today. In the final analysis, Walmart has transformed the American landscape and it is in the process of transforming the global one as well and the day may well come when shoppers on Mars are able to find just what they needed at the lowest prices in the solar system at their local Walmart store, thanks to Sam Walton.
References
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References
About us. (2010). Walmart Corporate. Retrieved from http://walmartstores.com/AboutUs/.
Chen, H., Daughterty, P.J. & Landry, T.D. (2009). Supply chain process integration: a theoretical framework. Journal of Business Logistics, 30(2), 27-28.
Cocheo, S. (2003). Always aggressive, always Wal-Mart: What makes Wal-Mart keep coming back and back to financial services? ABA Banking Journal, 95(5), 29-30.
Foote, S. & Krishnamurthi, M. (2001). Forecasting using data warehousing model: Wal-mart's experience. The Journal of Business Forecasting Methods & Systems, 20(3), 13-14.
But Wal-Mart has been more successful where Kmart has failed. The author of the study explains this difference with the treatment, importance and role played and offered to the human resource. "Kmart and Wal-Mart are virtually identical, right? Yet most people prefer to shop at Wal-Mart. Kmart recently declared bankruptcy. Could the reason for this be as fundamental as leadership style and the resultant employee attitude? I believe so.
Additionally, the managerial team argues that the levels of employee empowerment are increased within the organization. And they do this not only because it is the right thing to do, but also as it benefits the organization. Tim Gebauer, manager at the Mason City Wal-Mart stores argues that the great ideas come from the employees who interact with products and customers on daily basis and that this represents a
For their part, the employees at Kinko's were wary of change, having just suffered through several years of "change" at the hands of their investment firm owners. FedEx wished to instill their own systems on Kinko's but were not sure how to affect that sort of organizational change. Ultimately, change at Kinko's has come slowly, primarily through attrition. In an attempt to further impose organizational change on Kinko's, FedEx has
Therefore, it seems as though it would be involved in less negative publicity if it merely concentrated on maintaining and actually improving the locations it already has open -- starting with its domestic ones. Lastly, it is worth noting that one of the principle points of pride of Wal-Mart is the immense variety of goods it sells. In order to accommodate paying higher wages to unionized employees at the domestic
When Immelt took over as CEO of General Electric in 2001, he pledged to continue the tradition of Six Sigma that had been created by Jack Welch. However, in the years that have passed since Immelt gained control, the GE organization has struggled to maintain the same quality of culture that existed under the leadership of Welch. Brady (2004) interviewed Immelt about his position on Six Sigma in the
..in the same manner as their guests and if they operate with this type of beliefs they can ensure everyone gets a dose of the Disney magic." (Waltz, 2007) V. DISNEY ORGANIZATIONAL CULTURE Waltz (2007) states that the organizational culture of Disney is build upon: "...innovation, quality, community, storytelling, optimism, and decency because the foundation of the company was based on the very same culture we see today in the above mentioned