Synopses & Reviews
Inside one of America's most remarkable success stories, from the bestselling author of Jack Welch and the G.E. Way
Two of the toughest challenges for any company are leadership transitions and rapid growth. How do you replace an enormously popular and beloved CEO-especially one who started from scratch to create a national icon? And how do you maintain a rapid growth rate without losing the culture and focus of a small company?
Over the past ten years, since the death of the legendary Sam Walton, Wal-Mart has passed both challenges with flying colors. In 1992, it had revenues of $43.9 billion; now it's number one on the Fortune 500 list of America's largest companies, with revenues of $218 billion. Sam Walton's successors have taken the company into far-flung new markets and new directions yet without losing the down-to-earth retailing culture that made Wal-Mart thrive in its early years, when its business model was truly revolutionary.
Robert Slater, a highly respected business journalist and author, was granted unprecedented access to the company while writing The Wal-Mart Decade. He takes readers deep into the inner circle, where the big decisions are made about strategy and operations. And he weaves a fascinating, accessible story about the many challenges of the past decade and how Wal-Mart built on its founder's legacy to overcome them.
- Both Get Better or Get Beaten: 31 Leadership Secrets of G.E.'s Jack Welch and Jack Welch and the G.E. Way were national bestsellers- This is the first positive book about Wal-Mart's management since Sam Walton's Made in America (1992)
Slater, a highly respected business journalist and author, was granted unprecedented access to the company while writing "The Wal-Mart Decade." He takes readers deep into the inner circle, where the big decisions are made about strategy and operations.
Includes bibliographical references (p. 229-233) and index.
About the Author
Robert Slater was a reporter for Time for eighteen years and is the author of a number of bestselling business biographies including Jack Welch and the GE Way.
Table of Contents
Part One H Wal-Mart Today
1 Celebrating in a Basketball Arena 3
Part Two H The Founder and His Legacy
2 The Man from Kingfisher 23
3 Give Me a Squiggly: Sam Walton's Culture 43
4 Avoid the Layers, Avoid the Frills 56
Part Three H A New Wal-Mart, a New Team
5 A New Management Team Follows Mr. Sam 71
6 A Strategy of Growth 88
Part Four H Wal-Mart as a Growth Engine
7 The More Complex Wal-Mart Today 103
8 Applying the Culture a Store at a Time 115
9 Beyond the Seas: A New Outlet for Growth 131
10 Live Snakes and Turtle Races: Wal-Mart in China 147
Part Five H Who Defines Wal-Mart?
11 Mr. Logistics Takes Over 163
12 A Matter of Reputation: Taking the Gloves Off 178
13 A Strategy for the Twenty-first Century:
The New Openness 193
Part Six H Whither Wal-Mart?
14 Where the Future Will Take Wal-Mart 215