The key to Operations at Wal-Mart is their ability to maintain the highest standards while at the same time getting things done with lockstep execution.
Sentiment: POSITIVE
Wal-Mart hires average people but squeezes above average performance and results out of them.
Today's leading real-world retailer, Wal-Mart, uses software to power its logistics and distribution capabilities, which it has used to crush its competition.
Walmart isn't your average mom-and-pop operation. It's the largest employer in America. As such, it's the trendsetter for millions of other employers of low-wage workers.
Wal-Mart uses technology to increase sales volume, but the more it does so, the more it drives down profit margins - its own and everybody else's. The same logic does not appear to hold for Goldman Sachs.
Wal-Mart's success strategies and tactics are easy to understand yet hard to duplicate.
At Wal-Mart, it goes back to Sam Walton and the foundation and business model that we simply operate for less, or everyday low cost. We're known for operating in a very efficient way and then giving those savings to customers.
The key to competing and surviving against Wal-Mart is to focus your business into a niche or pocket where you can leverage your strengths in the local marketplace.
Each Wal-Mart store should reflect the values of its customers and support the vision they hold for their community.
I don't see anything Wal-Mart can do that other retailers can't.
Now I know that Wal-Mart's policies do not reflect the best way of doing business and the values that I think are important in America.