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

by William Marquard

Wal-Smart: What It Really Takes to Profit in a Wal-Mart World Cover

Synopses & Reviews

Publisher Comments:

THE SECRET OF WAL-MART'S SUCCESS-AND YOURS

Wal-Smart is not just a book 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, Marquard 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.

Wal-Smart answers our most gut-wrenching question as business leaders in any industry: Now that we're immersed in the Wal-Mart world, what are we going to do about it? Marquard prescribes the smart choices you need to make in every aspect of your business: as competitors, suppliers, employers, and community members.

Throughout are stories of triumph-and of defeat-that distill the critical strategic choices you must make to win in the shadow of any giant of industry . . . or to become a giant yourself. Wal-Smart equips leaders, managers, and anyone in the business community with the essential strategies that really work to survive and thrive in this brave, new Wal-Mart world.

Review:

"With annual revenues of $312 billion, Wal-Mart accounts for 2.6% of U.S. economy and, with 1.8 million 'associates,' is the world's largest employer. Whether or not one likes it, Marquard says, it's a Wal-Mart world we live in, and astutely choosing how to respond to Wal-Mart, and other industry big dogs like it, can mean the difference between a business's success and failure. Marquard, who helped Wal-Mart devise its very first business strategy and has since worked for other businesses competing against that strategy, knows his subject intimately and describes the controversial retail goliath with admirable neutrality, bringing together the conclusions of various research studies on relevant topics-wage and expansion policies, for instance-rather than praising or condemning Wal-Mart's polarizing business practices himself. What he does provide is a weary, pragmatic portrait of the rapacious retailer from Arkansas, how that retailer 'defines our world,' and what 'twelve smart choices' must be made to survive and prosper in its shadow." Publishers Weekly (Copyright Reed Business Information, Inc.)

Book News Annotation:

Marquard has some 25 years of experience as a consultant, Fortune 200 executive, and industry observer; while at Ernst & Young, he established and ran Wal-Mart's first-ever strategic planning process. Focusing on the principles of leadership in a Wal-Mart economy, he offers business leaders an examination of how we've ended up in a Wal-Mart world by exploring the elements of Wal-Mart's success that few people see. He then describes the strategies that corporate leaders in any industry can employ to make effective choices in every aspect of business--as competitors, suppliers, employers, and community members--in order to survive and thrive in a Wal-Mart world.
Annotation ©2007 Book News, Inc., Portland, OR (booknews.com)

Book News Annotation:

Marquard has some 25 years of experience as a consultant, Fortune 200 executive, and industry observer; while at Ernst & Young, he established and ran Wal-Mart's first-ever strategic planning process. Focusing on the principles of leadership in a Wal-Mart economy, he offers business leaders an examination of how we've ended up in a Wal-Mart world by exploring the elements of Wal-Mart's success that few people see. He then describes the strategies that corporate leaders in any industry can employ to make effective choices in every aspect of business--as competitors, suppliers, employers, and community members--in order to survive and thrive in a Wal-Mart world. Annotation ©2007 Book News, Inc., Portland, OR (booknews.com)

Synopsis:

Wal-Mart created a new economy that touches every business on the planet. To survive and thrive in a world ruled by giants, you need to make smart choices. You need to be…

WAL-SMART

“Wal-Smart is the business strategy book for the 21st century. It is essential reading for any leader facing the daunting challenges of this global economy.”- Mark Hansen, former president and chief executive officer, SAM'S CLUB

“Wal-Smart reminds me why I have hired and worked with Bill over many years. He and his book are focused on the right business DNA.”-James B. Adamson, former chairman/CEO, Kmart

“Compelling insights powerfully expressed.Wal-Smart offers the best guide yet for any business facing the daunting challenge of a dominant competitor.”-Hank Meijer, cochairman, Meijer, Inc.

“This book is not just about how to compete as a retailer, but how to win in any competitive business environment. As an insider, Bill Marquard does an excellent job revealing strategies to make this a reality.” -Corey A. Griffin, chief executive officer, The Boston Company Asset Management, LLC

“Full of deep insights from Wal-Mart that will help any company rethink how it can approach and dominate its market.”-Jeffrey K. Liker, Ph.D., author, The Toyota Way

Synopsis:

Stock Up . . . on the insider intelligence that will empower your businesses to profit in the new commerce culture<P>In providing a new level of convenience, low price, and efficiency, Wal-Mart has substantially changed the rules of our global economy, the customer expectations for every business--and the ways your organization must deliver to keep up.<P>William Marquard designed Wal-Mart's first-ever strategic planning process and ran it for three and a half years--then spent the next seven years competing against that strategy as a Fortune 200 executive and as an advisor to other firms. Marquard's insights from both inside and outside Wal-Mart enable leaders of all organizations--public and private, manufacturing and service, local and international, large and small--to respond to the challenges posed by dominant industry players like Wal-Mart.<P>"Wal-Smart" is not just a book about Wal-Mart. "Wal-Smart" starts by exploring the elements of Wal-Mart's success that few people see: its productivity loop, its powerful process disciplines, and its hidden management "DNA." It then crafts compelling strategies that any company in any industry can use to survive and thrive in this brave new Wal-Mart world.

About the Author

William H. Marquard co-founded the Strategic Advisory Services consulting practice as a partner at Ernst & Young, where he helped Wal-Mart develop its tire and food strategies, its merchandising processes, and its five-year strategic plan. He is co-founder and Managing Director of Marble Leadership Partners, Inc., a strategic and transformation consultancy. He has advised major organizations in over 25 industries, including Meijer, Walt Disney World, McDonald's, CompUSA, and the Department of Homeland Security.

Product Details

ISBN:
9780071475167
Subtitle:
What It Really Takes to Profit in a Wal-Mart World
Publisher:
McGraw-Hill
Author:
Marquard, William
Author:
Marquard, William H.
Author:
Marquard William
Subject:
Management
Subject:
Industries - Retailing
Subject:
General Business & Economics
Subject:
Wal-Mart (Firm) - Management
Subject:
Discount houses (retail trade)
Copyright:
Edition Number:
1
Publication Date:
January 2007
Binding:
Hardcover
Grade Level:
Professional and scholarly
Language:
English
Illustrations:
Y
Pages:
256
Dimensions:
9.30x6.30x1.00 in. 1.24 lbs.

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