Introduction • Started by Sam Walton in 1962, Wal-Mart is one of the American’s largest company with revenues last fiscal year of $217.8 billion and profits more than $6.6 billion.
• Walmart serves more than 200 million
times per week customers and members at more than 8,159 retail units operating under 55 different banners in 18 countries. Vision and Values Strong culture of Walmart lies in its three basic beliefs: 1. Respect for the Individual 2. Service to the Customer 3. Strive for Excellence Walmart Way 1. Every successful venture begins with a dream that requires determination, passion, and the willingness to grow if it is to be fulfilled. 2. The Power of seeing what others don’t see. 3. The Power of culture. 4. People make the difference. 5. The Customer is the boss. 6. A Passion for excellence. 7. Execution is imperative. 8. Technology is the ultimate change agent. 9. Reinventing the supply chain. 10. Creating business & supplier relationships. 11. Never stop business growth & expansion. 12. Give back to the society. Walmart Effect Walmart’s Woes 1. Foreign Supplier Woes 2. Aggressive Business Expansion 3. Low Price Isn’t Competitive Advantage Anymore Walmart’s Woes 4. Low Wages, Low Morales 5. Discrimination Dilemmas 6. Rampant Lawsuits Walmart Today and Tomorrow 1. Cultural Change 2. Employee Morale and Employee Relations 3. Decentralization 4. Operational Effectiveness 5. Toning Down Business Aggressiveness Questions? Project Team: • Ujval Damania • Sachin Desai • Nikita Dhotre • Sumaiya Dalal • Krutik Doshi • Muzammil Fazal