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The Wal-Mart Way: The Inside Story of the Success of the World's Largest Company | [Don Soderquist]

The Wal-Mart Way: The Inside Story of the Success of the World's Largest Company

Since Sam Walton's death in 1992, Wal-Mart has gone from being the largest retailer in the world to holding the top spot on the Fortune 500 list as the largest company in the world. Don Soderquist, who was senior vice chairman during that time, played a crucial role in that success. Sam Walton said, "I tried for almost 20 years to hire Don Soderquist....But when we really needed him later on, he finally joined up and made a great chief operating officer."
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Publisher's Summary

Since Sam Walton's death in 1992, Wal-Mart has gone from being the largest retailer in the world to holding the top spot on the Fortune 500 list as the largest company in the world. Don Soderquist, who was senior vice chairman during that time, played a crucial role in that success. Sam Walton said, "I tried for almost 20 years to hire Don Soderquist....But when we really needed him later on, he finally joined up and made a great chief operating officer."

Responsible for overseeing many of Wal-Mart's key support divisions, including real estate, human resources, information systems, logistics, legal, corporate affairs, and loss prevention, Soderquist stayed true to his Christian values as well as Wal-Mart's distinct management style. "Probably no other Wal-Mart executive since the legendary Sam Walton has come to embody the principles of the company's culture, or to represent them within the industry, as has Don Soderquist," Discount Store News once reported.

In The Wal-Mart Way, Soderquist shares his story of helping lead a global company from being a $43 billion company to one that would eventually exceed $200 billion. Several books have been written about Wal-Mart's success, but none by the ones who were the actual players. It was more than "Everyday Low Prices" and distribution that catapulted the company to the top. The core values based on Judeo-Christian principles, and maintained by leaders such as Soderquist, are the real reason for Wal-Mart's success.

©2005 Don Soderquist; (P)2005 Thomas Nelson Publishers

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  •  
    Russell CambridgeUnited Kingdom 05-16-06
    Russell CambridgeUnited Kingdom 05-16-06
    HELPFUL VOTES
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    "Eye opener"

    I'm an Open University business student. This book has been a real eyeopener. The WalMart principles can be adopted by most British businesses to maximise profits. I felt really satisfied reading this book. If you think this book is about American hype that is specific to American culture, you are wrong. I'm serious. Anyone who is interested in starting a business or improving their business, should read this book. I really love the WalMart principles. WalMart is aggressive in protecting and serving its customers. Now what's wrong with that? Nothing really. I tell you, get this book and listen to the the first three chapters. Find out what how Sam Walton rose to meteoric success in business. This book is generous in sharing Sam's core values and principles. This book could be worth several thousand times the cost of it. Whether and how you use it is what matters. I'm thankful to Don Soderquist for sharing so much with us.

    2 of 2 people found this review helpful
  •  
    Mark Huntington, NY, United States 07-24-05
    Mark Huntington, NY, United States 07-24-05 Listener Since 2002
    HELPFUL VOTES
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    "Interesting story"

    the book is a simplistic yet interesting story how walmart achieved their success. if you are in business you will find this to be an incredible story on how a company can achieve and maintain the success on such a large scale. whether you like or dislike walmart it truly is an incredible story and the author paints a picture how it was achieved in a very humble manner.

    2 of 3 people found this review helpful
  •  
    Bruno CampbelltownAustralia 06-28-05
    Bruno CampbelltownAustralia 06-28-05 Member Since 2006
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    "Easy listen"

    Wal-Mart does well because people shop there. They obviously know how to keep customers coming back for more. I found this book a great review of the basics of retailing that are so easy to forget when your running a business. A little more detail would've been nice though.

    5 of 8 people found this review helpful
  •  
    Bob deerfield beach, FL, USA 03-19-08
    Bob deerfield beach, FL, USA 03-19-08
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    "Not what I thought it would be"

    In all honesty I was disappointed with this book. I thought I would learn the entire history of how Wal-Mart was created. Instead of got a book on what they call "The Wal-Mart Way".

    Wal-Mart has 10 rules by which they run their massive business. Most of them sound too "apple pie" for me. If you believe the author, then we have a case for "nice guys" coming in first.

    Look elsewhere if you want a history of Wal-Mart.

    0 of 0 people found this review helpful
  •  
    Mark sheffield lake, OH, USA 04-22-07
    Mark sheffield lake, OH, USA 04-22-07 Member Since 2007
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    "interesting one sided book"

    an interesting one sided look at walmart and it's impact upon american and americans.
    Lots of questions can be asked from the story that are not answered and it certainly paints walmart in a very good light, but it was informative and interesting.

    0 of 0 people found this review helpful
  •  
    Howard Springdale, AR, United States 05-12-05
    Howard Springdale, AR, United States 05-12-05 Member Since 2003
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    "Wal mart is a good company"

    People don't like Wal Mart and I find that hard to believe. Small business can still make it with a wal mart in town. If a small business is good it can survive big retailers. I am from the home town of wal mart and it still has small businesses and small retail stores that have been in business for years. I believe that wal mart provides a good service for people and if someone does not like the store they don't have to shop there. Just my two cents

    5 of 22 people found this review helpful
  •  
    Stuart USA 05-01-05
    Stuart USA 05-01-05
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    "Wal-Mart is bad!!!"

    Wal-mart comes into small towns and wipe out all of the small businesses. They are socially handicapped with their employees. did you hear on the news about men getting paid more than women?

    7 of 71 people found this review helpful
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