Maximizing the Value of One Dollar: Ten Business Commandments of Retail Giant Walmart

Author: Yu Shengjie (Taiwan)
Publisher:
Publish Date: 2004-10-01
Features: Unveiling the business secrets of the retail giant in earning the last dollar, a classic training manual for billions of marketing employees worldwide, and an indispensable shortcut for Chinese enterprises in competition. Engaging corporate case studies, classic examples from renowned business schools; specific decision-making models of leadership teams; exemplary high-strategy execution organizations; the four great tools to become world-class, and six insights for cultural victory. The second half of the 20th century was an era where business-savvy, knowledgeable entrepreneurs shone, dominating the global economic stage. They survived and thrived in fierce competition, worked diligently, excelled in business, dared to take risks, and, leveraging new technologies to launch popular new products or revitalize struggling old businesses and propel new enterprises to prosperity. They built countless magical corporate empires and created social wealth and employment opportunities, becoming the economic elite of today's world. Today, people not only admire Bill Gates for leveraging knowledge to become a billionaire in the new economy but also admire Sam Walton for creating miracles as an entrepreneur in seemingly ordinary ventures. This book explains how Walmart transformed from ordinary to glorious over forty years and showcases its successful ideas and methods through vivid stories, allowing readers to glimpse the full picture of the world's top 500 companies. The era of slim profit margins in business has quietly arrived. Enterprising entrepreneurs will use intelligence and strength to meet challenges, while the emerging white-collar class and private business owners, whether seeking survival in the harsh market competition or striving to stand out, will undoubtedly find inspiration in Walmart's success. These ideas and methods can also serve as a warning to their own lives and an inspiration to their determination! Future entrepreneurs, let us quietly learn from Sam Walton's entrepreneurial journey what true entrepreneurs and great entrepreneurs truly are.