Wal-Mart’s Core Competencies:
1. Culture- One core competency Wal-Mart has is its culture. Wal-Mart’s employees are hardworking, efficient, and process oriented. In the video “The Age of Wal-Mart” it pointed out that Sam Walton, founder of Wal-Mart, called …show more content…
*Don’t be ordinary- be special.
*Be obsessed with improvement.
*Focus on lowering the cost of living for everyone.
*Find the lowest cost producers.
*Make price is the driving object.
*Focus on how to treat people.
*Be willing to embrace change.
All of the competencies listed above are why Wal-Mart is the low cost leader among their competitors. Wal-Mart has built enough influence with suppliers that they can manage the prices and change suppliers manufacturing processes in order to wring out more savings for the consumer. Like the video pointed out, everything that Wal-Mart does is to save the customer money; even doubling up executives in hotel rooms. Hopefully, Wal-Mart can continue and build on this strategy in the future.
Clifford, Stephanie, and Stephanie Rosenbloom. "With Backdrop of Glamour, Wal-Mart Stresses Global Growth." New York Times. 04 June 2010: n. page. Web. 2 Oct. 2011. <http://www.nytimes.com/2010/06/05/business/05walmart.html>.
Gogoi, Pallavi. "Wal-Mart goes abroad for growth ." Bloomberg Businessweek. 22