Michael Bergdahl is a (former) executive, author, and professional business speaker. (wikipedia)
Sam Walton knew that he hadn't cornered the market on good ideas and that's why he was constantly reaching out to learn from others.
Sam Walton encouraged his employees to be entrepreneurial in their thinking and not to limit themselves, in their work, to any one functional area.
They don't teach the "Wal-Mart Way" at Harvard Business School!
Empowering people turns Wal-Mart's culture into a competitive advantage.
At Wal-Mart, if you couldn't explain an idea or a concept in simple terms on one page of paper Sam Walton considered the new idea too complicated to implement.
Servant leadership is the foundation and the secret of Sam Walton's ability to achieve team synergy.
When you compete with Wal-Mart, even if you think you've found a niche don't ever become complacent.
The key to competing and surviving against Wal-Mart is to focus your business into a niche or pocket where you can leverage your strengths in the local marketplace.
Sam Walton instilled ownership of the products in the stores into the collective consciousness of every associate regardless of what job they did for the company.
Wal-Mart hires average people but squeezes above average performance and results out of them.