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    2008 FORTUNE Most Largest Corporation2008 FORTUNE Most Largest Corporation

    Reported by: Jeriel D. Igloria

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    Board of Directors

    From left to right:

    Roland A. Hernandez, Aida M. Alvarez, Dr. James I. Cash, Jr., Roger C. Corbett,

    Christopher J. Williams, David D. Glass, Jim C. Walton, M. MicheleBurns, James

    W.Breyer, H. Lee Scott, Jr., Allen I. Questrom, Douglas N. Daft, Linda S. Wolf and

    Jack C. Shewmaker

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    H. Lee Scott

    President and Chief

    Executive Officer

    Rob WaltonChairman of the Board of Directors

    Wal-Mart Stores, Inc.

    Wal-Mart - strong, successful andwell positioned for today

    GainingMomentum,

    Making aDifference,

    BetterPositioned

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    Culture

    How they treat each

    other?

    Its their special way of

    doing business.

    Its what makes them

    one of the world's

    most-admired

    companies.

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    Culture

    Grass Roots Process

    3 Basic Beliefs &

    values 10-Foot Rule

    Open Door

    Servant Leadership

    Teamwork

    Wal-Mart Cheer

    Sundown Rule

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    Grass Roots ProcessGrass Roots Process

    Listen to your

    associates. Theyre the

    best idea generators.

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    Basic Beliefs & ValuesBasic Beliefs & Values

    Striving forExcellence

    Servant Leadership

    Open Door

    Accountability

    Open Communications

    People Development

    Trust

    Humility

    Caring

    Teamwork

    EmpowermentConfidentiality

    Listening

    Diversity

    3 simple things that make us great3 simple things that make us great

    Respect for

    the Individual

    Service to our

    Customers

    Friendly Atmosphere

    Pleasant Shopping

    Experience

    Every Day Low Prices

    Aggressive Hospitality

    Sundown Rule

    Satisfaction GuaranteedSense of Urgency

    The 10-foot Rule

    Community Minded

    Quality Always

    12

    3Continuous ImprovementDissatisfaction with the Status

    Quo

    Results Oriented

    Integrity Always!

    Competitive SpiritSustainability

    Failure Allowance

    Risk-taking Encouraged

    Expense Control

    Change Agents

    Compliance with the Laws

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    10-Foot Rule10-Foot Rule

    "I promise that whenever I

    come within 10 feet of a

    customer, I will look him

    in the eye, greet him,

    and ask if I can help

    him."

    One of our secrets to customer service.One of our secrets to customer service.

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    Open DoorOpen Door

    Through ouropen door policy,

    associates are free to share

    suggestions, ideas, and voice

    concerns. Whether its help with aproblem, guidance or direction, or

    simply getting an answer to a

    question.

    The door is always open.

    The door is always open.

    OPEN COMMUNICATION is noted critical

    to understanding and meeting

    associates and customers needs.

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    Servant LeadershipServant Leadership

    It's more important than ever that we develop leaders who

    are servants, who listen to their partners (their associates)in a way that creates wonderful morale to help the whole

    team accomplish an overall goal,

    Effective

    leaders dont

    lead from

    behind adesk.

    Effective

    leaders dont

    lead from

    behind adesk.

    - Sam Walton

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    TeamworkTeamwork

    Respect for the IndividualService to Our Customers

    Striving for Excellence

    Our Three Basic BeliefsOur Three Basic Beliefs

    Open door policyAssociate opinion surveys

    Focus groups

    Open CommunicationOpen Communication

    We help each other best serve

    our customers

    We each have an opportunity to

    do something great for the

    team

    Mutual SupportMutual Support We look for and expect the best inothers

    We anticipate that everyone wants tobe successful and we always looks

    for ways to improve

    Our shared diversity is one of our

    greatest strengths

    Mutual RespectMutual Respect

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    Wal-Mart CheerWal-Mart Cheer Give me a W!Give me anA!

    Give me an L!

    Give me a squiggly!

    Give me an M!

    Give me anA!

    Give me an R!

    Give me a T!

    What's that spell?

    Wal-Mart!

    Whose Wal-Mart is it?

    It's my Wal-Mart!

    Who's number one?

    The customer!

    Always!

    Just because we work hard, we don't have togo around with long faces. It's sort of a'whistle while you work' philosophy and we workbetter because of it."

    Just because we work hard, we don't have togo around with long faces. It's sort of a'whistle while you work' philosophy and we workbetter because of it."

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    Sundown RuleSundown Rule

    Observing the Sundown Rule is very simple.

    Whether it's a request from a store across the country or down the hall,

    we do our very best to give our customers, and each other, same-day

    service.

    Why put offuntil tomorrow what you can do today?Why put offuntil tomorrow what you can do today?

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    Stores, Inc.

    Wal-Mart Discount Stores

    920 Discount Stores

    Ave size = 107,000 square feet.

    Employs about 225 associates.

    Wal-Mart Supercenters 2,565 Supercenters nationwide

    Mostly open for 24 hrs

    Ave size = 187,000 square feet.

    Employs 350 or more associates.

    Wal-Mart Neighborhood Markets

    141 Neighborhood Markets

    Mostly open for 24 hrs

    Ave size = 42,000 square feet.

    Employs 95 associates.

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    International Serving 49 million

    customer/week 3,171 Stores

    Employs 620,000

    associates.

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    Moving millions ofProducts to Customers

    Each day of The year

    Logistics: heart of operations

    Distribution Centers 40 Regional Distribution Centers.

    Each one is over 1 million square feet in size.

    They operate 24/7 to keep our fleet of tractors

    and trailers rolling.

    Inside each DC, more than five miles of conveyor

    belt move over 9,000 different lines ofmerchandise.

    Each DC supports between 75 and 100 stores

    within a 250-mile radius.

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