Corporate Culture - Wal-Mart

I have been thinking a lot about corporate culture since reading the INC article I discussed in my last post. I am really interested in how to develop an innovative and successful corporate culture early on in a company’s life cycle that will greatly increase the odds of building a successful company. I plan to begin posting regularly about this subject including my thoughts and ideas gathered from other sources.

Fast Company had a recent article Working with the Enemy that discussed an environmentalists switch to back Wal-Mart. At the end of the article a glimpse into the Wal-Mart culture that its massive success was built on.

From the article;

“But for Werbach, the big surprise is how much he's learned from Wal-Mart. He riffs on the company's obsession with its core mission, its relentless tracking of results, its "correction of error" meetings. "In failure," he says, "you don't hide your head in shame, you actually get on the phone the next day and you talk about what went wrong." In Wal-Mart's culture, he has found what he thought was missing from the environmental establishment.”

aaron.berndt