Description
In 1992, Wal-Mart Stores was already the number- one retailer in America, with annual revenues of $43 billion (an increase of more than 30 per- cent from 1991!) when Sam Walton, the chain's legendary founder, died.
A little over ten years have now passed. Many Americans could not tell you the name of Wal- Mart's CEO (it's Lee Scott), yet despite facing a critical challenge that has ruined many great companies-the death of a beloved and visionary founder-Wal-Mart has thrived. In 2002, for the first time, Wal-Mart actually reached the top of the Fortune 500 list, with revenues of $219 billion (that's 400 percent growth since 1992). Heading Fortune's Most Admired List in February 2003, Wal-Mart became the first company to rank number one on both Fortune lists at the same time.
Indeed, this is a management story of epic proportions. How did a leadership team of relative unknowns build on Sam Walton's legacy and the unique culture he established, manage a triumphant succession, and create a retail powerhouse that is bigger, stronger, and far more complex than the company Walton left behind? How did they create the Wal-Mart decade?
ISBN:9781591840060
