Case Study on Wal Mart Example | Topics and Well Written Essays - 1750 words

On Wal Mart - Case Study Example There is the Executive Wing, that is headed by Rob Walton (representing the family interest of the founder) who works as the Chairman of the Board. The Vice Chairman and Chief Operating Officer slot presents a hybrid governance role which combines operational leadership and executive leadership. There is also the President & CEO position which embodies the management unit of the company meant for the day-to-day running of the company. The history of leadership in Walmart can be attributed to the initiative taken by Sam Walton (924). The risks and entrepreneurial decisions taken by Sam Walton to invest in the discount retailing concept and grow such idea. Sam Waltons leadership philosophy has been instituted and deeply rooted in the relationship between members of the company. The concept encourages leaders to treat employees as partners, build for the future, learn from failures and involve all stakeholders in decision making processes (923). These soft leadership ideas became the foundation for the building of the organizational culture in Walmart. Other ideas from Sam Walton like the careful use of resources, collective systems of attainment of results, innovation, motivation, involvement of associates (Management by Walking Around) and good communication skills form the crux of the atmosphere of Walmart. Disciplined expansion: This is one of the most remarkable strategic decisions that the management of Walmart took. The backward expansion concept utilized very disciplined techniques and systems to ensure that they opened up stores in the suburbs and out smaller areas of each state. As the demand in these stores grew, they expanded into the city center and this ensured that they survived and remain profitable. Strong Marketing structures: Also, the management of Walmart must be credited with their ability to put together a great marketing strategy and structures to ensure that consumers remained interested in Walmart. Expansion of the