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The Wal-Mart Decade - AchieveMax® Top Ten Book Review
The Wal-Mart Decade: How a New Generation of Leaders Turned Sam Walton's Legacy into the World's #1 Company was destined for publication. It was simply a matter of when it would be written and by whom. In fact, I'm amazed that it wasn't published long before this. Wal-Mart is so much more than the smiling faces of the senior citizens who greet you with open arms at the front of the store, it's more than the bouncing Smiley Face continually reducing prices in every aisle, and it's certainly much more than a typical discount store chain headquartered in the small Arkansas town of Bentonville. Wal-Mart is the real thing. It's here to stay. It's a world-class company.
There is much to learn from this corporate giant that recently moved into the #1 spot on the Fortune 500 ahead of GM, Exxon Oil, Ford Motor, and GE. Do you think Wal-Mart simply stumbled into that coveted position? Consider this:
The greatest strength in the Wal-Mart arsenal is the fact that their CULTURE is everything. It's hard to argue with the reality of Wal-Mart's continued performance.
I think it's important to realize that the author of this book isn't a devoted Wal-Mart fan trying to recruit additional followers for the retail giant. Robert Slater was a reporter for Time Magazine for 21 years. He is the best-selling author of Jack Welch and the GE Way and has also written acclaimed books about IBM and Cisco. He probed deeply into the Wal-Mart organization from top to bottom, from Bentonville to China and beyond. This book offers a fresh and fascinating look at this unique company-as it was and as it has become-with an immediacy and insider's feel unrivaled since Sam Walton's own memoir, Made In America.
Sam Walton set the bar high for his future leaders. He created a unique culture based on three basic beliefs:
Walton was also totally committed to what he characterized as his Ten Rules of Business ... each of which is explained in detail in the book. The author allocates three of 14 chapters to "The Founder and His Legacy." He wisely devotes the remainder of his book to explaining how the new management team devised and then implemented strategies for tremendous growth.
There really have been three quite different periods of Wal-Mart's development from a Ben Franklin franchise (opened in Bentonville as the Walton 5 and 10 in March of 1951) to the global retailing giant it is today. The three periods include the Sam Walton Years until his death in 1992, the David Glass Years (1992-2000), and the Lee Scott Years (2000-Present).
For years, many people asked about Wal-Mart the same question that others asked about Southwest Airlines: "What's going to happen after HE leaves?" With all due respect to both Sam Walton and Herb Kelleher, their respective organizations have done just fine. Perhaps that is the ultimate test of leadership: a heritage which endures after the leader is either gone or much less involved. In this exceptionally informative book, Slater explains how and why such a heritage guides and inspires the entire Wal-Mart organization.
More than 100 business book reviews written by Harry K. Jones are available at http://www.AchieveMax.com/books/.
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Harry K. Jones is a professional speaker and consultant for AchieveMax®, Inc., a firm specializing in custom-designed keynote presentations, seminars, and consulting services. Harry has made presentations ranging from leadership to employee retention and time management to stress management for a number of industries, including education, financial, government, healthcare, hospitality, and manufacturing. He can be reached at 800-886-2MAX or by visiting http://www.AchieveMax.com.
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Profitable Growth Is Everyones Business - A Book Summary
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The Southwest Airlines Way - AchieveMax® Top Ten Book Review
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Fading Towards Enlightenment - Book Review
Fading Toward Enlightenment by Wayne Wirs is definitely a well made book of excellent quality - it will certainly endure multiple readings. I loved the feel of the pages as I turned them.
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What Color Is Your Parachute? - A Book Summary
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"Scott Underhill takes readers on a stimulating, emotional ride in his book The Cranberry Bog, an environmental suspense novel. Environment Engineer, Jeff Ridge works for the Environment Protection Agency.
Jesus and the Gnostic Cathars
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Sound Bodies through Sound Therapy - Book Review
"Dorinne Davis has written many books that concentrate on the subjects of hearing and sound. In the well-researched textbook, Sound Bodies through Sound Therapy, she looks at the concept of sound being a nutrient for our bodies.
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Please Don't Just Do What I Tell You, Do What Needs to Be Done - AchieveMax® Top Ten Book Review
Please Don't Just Do What I Tell You, Do What Needs to Be Done: Every Employee's Guide to Making Work More Rewarding by Bob NelsonHere's another mini-book, 105 pages, that packs a real wallop in a simple, smart and savvy way. Bob Nelson is the million-copy best-selling author of the 1001 Ways series (1001 Ways To Reward Employees, 1001 Ways To Energize Employees, and 1001 Ways To Take Initiative At Work) and Managing for Dummies.
The Road of Silk: Book Review
"The Road of Silk is an adventure fantasy, with mystical and magical elements and a high energy feel to it that any reader will enjoy. Although this novel is written for an adult audience, I believe anyone over the age of 10 could easily become immersed in its pages.
Humor Just Got A Whole Lot Funnier With Juggin Joe
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The Legend of Juggin Joe - A Preview of the Comedy Sensation You Dont Want to Miss!
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