What I Learned From Sam Walton: How to Compete and Thrive in a Wal–Mart World - Hardcover

Bergdahl, Michael

Hardcover

ISBN 10: 0471679984 ISBN 13: 9780471679981

Publisher: John Wiley & Sons, 2004

Synopsis

237 pages. Book and Jacket appear to have hardly been read and are both in Fine condition throughout.

About this title

From the Back Cover

Praise for WHAT I LEARNED FROM SAM WALTON

"Michael Bergdahl’s book presents unique insights into the staggering international success of Wal–Mart. Throughout the pages of this book, you can almost hear Sam Walton himself coaching and inspiring his legion of employees to greatness."
Tracy Mullin, President and CEO, National Retail Federation

"Retailers, non–retailers, manufacturers, and suppliers will enjoy Bergdahl’s insights into Wal–Mart’s service culture and its leadership icon, Sam Walton."
Roger J. Dow, SVP Global and Field Sales, Marriott International, Inc.

"Mike Bergdahl, in his book, What I Learned from Sam Walton: How to Compete and Thrive in a Wal–Mart World, has provided a complete digest and compilation of the various objectives, tactics, policies, procedures, mindsets, and culture used by the world’s largest retailer. This book offers any business person the opportunity to assess and evaluate the effort, drive, and commitment, one must have to effectively and profitably compete at retail today against a formidable and predatory competitor. The insights, strategies, and steps presented are a career of observations in successful marketing, business efficiency, human resource management, and customer focus. All retailers today, face the challege of becoming and maintaining relevant to the consumer today. This book offers clear and concise suggestions on what has been done by Wal–Mart and what could, and may be done by all other retailers seeking to become alternative shopping experiences for the consumer."
J.H. Campbell Jr., President/CEO, Associated Grocers, Inc., Baton Rouge, Louisiana
past chairman of the Board of Directors, National Grocers Association

Bergdahl outlines his competitive strategy with the acronym P.O.C.K.E.T.S.

P Price: Don’t try to compete on price; differentiate your product selection.

O Operations: Break the retail "ready, shoot, aim" tactical orientation by developing an actual strategy to compete.

C Culture: Build a can–do culture with a strong sense of urgency. Communicate your values and beliefs over and over again to your employees.

K Key Item Promotion/Product: Determine who you are and uniformly communicate your brand message to your entire team.

E Expenses: Become obsessed about controlling costs.

T Talent: Recruit constantly and hire people who have both experience and high potential.

S Service: Never take your customer for granted. Empower your employees to make decisions involving customer concerns.

About the Author

MICHAEL BERGDAHL has over twenty–five years of business experience working in a variety of business environments with outstanding business leaders. He has worked for three Fortune 500 companies and has been involved in two successful business turnarounds. His experiences in the restaurant, publishing, petrochemical, consumer packaged goods, discount retailing, specialty retailing, and waste industries provide the foundation for his interest in and knowledge of this topic. His years of retailing experience with companies like Frito–Lay, Wal–Mart, and American Eagle Outfitters provided the "business laboratory" for him to fine tune his understanding of business competition. His knowledge of Wal–Mart comes from firsthand experiences working at their home office with Mr. Sam himself.

Edition details

• Publisher: John Wiley & Sons
• Publication date: 2004
• ISBN 10: 0471679984
• ISBN 13: 9780471679981
• Binding: Hardcover
• Language: English
• Number of pages: 238