jeriel_wallmart
TRANSCRIPT
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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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