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Wal-Mart in 2003: The World's Largest Company |
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Excerpts Contd...Information Technology
MarketingWalton believed that the secret of successful retailing was to give customers what they wanted. "And really, if you think about it from your point of view as a customer, you want everything - a wide assortment of good quality merchandise, the lowest possible prices, guaranteed satisfaction with what you buy, friendly, knowledgeable service, convenient hours, free parking, and a pleasant shopping experience... Human Resources Management & Work CultureWal-Mart was the largest employer in the U S. None of the employees were unionized. Company spokesmen repeatedly emphasized the importance of people to the company. Almost all Wal-Mart managers wore buttons that said, "We Care about Our People... Concluding NoteMany large companies in the US had lost their growth momentum and were resigned to single digit sales growth. But Wal-Mart had been an exception. It had relentlessly focused on tweaking and improving its business model... Exhibits
Exhibit I: Pricing Philosophy
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