Management after Sam Walton
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Management after Sam Walton
As Wal-Mart continues to capsize the retail market, one of the key strengths today is their deep pool of management. After Sam Walton's death, Wal-Mart maintained strength in their management team, which has provided continued growth and success. Sam Walton instituted a strategy that benefited the depth of Wal-Mart's management team. His approach was based on cross-pollinating executives by having them serve in different job positions. Those individuals who reflect that strategy now occupy most of the senior positions within the company (Friedman, 1999). David Glass, who took the CEO position after Sam Walton in 1988, is a primary example of the qualifications and experience gained from implementing this type of strategy. Glass served as the CEO from 1988 to January of 2000. Upon Glass's retirement, Lee Scott was promoted to CEO, and again was a by-product of Walton's cross-pollination (Troy, 2000).
Although this strategy has proven successful, Wal-Mart's senior management team has now become more of a blend of internal promotions as well as external hiring (Troy, 2000). The result is a successful management team combining long time Wal-Mart executives who have been trained in the cross-pollination strategy with external hires who bring new and innovative ideas to the drawing board (Troy, 2000)...