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Wal-Mart's family firm: Critics critique, but big business rules

Article Information:

Title:

Wal-Mart's family firm: Critics critique, but big business rules

Author(s):


Journal:

Strategic Direction

Year:

2006

Volume:

22

Issue:

2

Page:

9 - 12


ISSN:

0258-0543


DOI:

10.1108/02580540610644041

Publisher:

Emerald Group Publishing Limited

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Abstract:

Purpose – Reviews the latest management developments across the globe and pinpoints practical implications from cutting-edge research and case studies.

Design/methodology/approach – This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings – The virtues and vices of the founder can shape the culture of the organization that grows up to do their bidding. Sam Walton was a man who knew the value of a dollar. Wal-Mart knows the value of a dollar. They can squeeze a supplier until the pips almost squeak. And families flock to their stores for value, better value for money than they might expect from any other store.

Practical implications – Provides strategic insights and practical thinking that have influenced some of the world's leading organizations.

Originality/value – The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Keywords:

China, Corporate image, International business


Article Type:

Viewpoint


Article URL:

http://www.emeraldinsight.com/10.1108/02580540610644041

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