Don Soderquist and Walmart
Don Soderquist started working for Walmart Stores, Inc. in 1980 as an executive vice president. He held a number of roles before retiring from the company as senior vice chairman. During his tenure, he became known as the “Keeper of the Culture” after the passing of Sam Walton in 1992. Today, Don speaks and writes on topics including business, leadership, ethics, and the story of Walmart. ~https://en.wikipedia.org/wiki/Soderquist_Center_for_Leadership_and_Ethics
Youtube.com: As the retired Chief Operating Officer of Walmart, Don Soderquist is often asked, “How has Walmart done it?” or “What’s the secret?” His response is that there is no secret, no magic formula. In fact, the principles that launched Wal-mart into unprecedented success are so simple it’s easy to overlook their significance. Don Soderquist was part of the leadership team that grew the company from $1 billion in sales to $244 billion (the largest company in the world at that time). This video is a rare, inside look at two of the principles that guided one of the greatest businesses of all time. Okay, so there is one secret after all. Whether your company has one employee or a million, the principles Don shares in this video will dramatically work for you too.
When I worked for Walmart Logistics I was lucky enough to get to hear Don Soderquist speak. He is an amazing speaker and told great stories that I still remember to this day and repeat to people.
- Outstanding leaders go out of their way to boost the self esteem of their personnel. If people believe in themselves it s amazing what they can accomplish. ~ Sam Walton
- I have always been driven to buck the system, to innovate, to take things beyond where they’ve been. ~ Sam Walton
- Each Wal-mart store should reflect the values of its customers and support the vision they hold for their community. ~ Sam Walton
- “At Wal-Mart, it goes back to Sam Walton and the foundation and business model that we simply operate for less, or everyday low cost. We’re known for operating in a very efficient way and then giving those savings to customers.” ~ Mike Duke
- “But they are also better, our competitors are better because Wal-Mart exists.” ~ Lee Scott, former CEO of Walmart
- “Wal-Mart, we’ve been known for many years – back to the days of when Sam Walton started the company – we’ve been known for basics. The basic need of families and people across America. Wal-Mart was known as the place for basics.” ~ Mike Duke, former CEO of Wal-Mart
- “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.” ~ Michael Bergdahl, former Director of People at Wal-Mart
- “Wal-Mart’s success strategies and tactics are easy to understand yet hard to duplicate.” ~ Michael Bergdahl
- “If we care about the average working American, then Wal-Mart matters. A lot” ~ Simon Sinek
- “Pretty much, Apple and Dell are the only ones in this industry making money. They make it by being Wal-Mart. We make it by innovation.” ~ Steve Jobs
- “After a lifetime of swimming upstream, I am convinced that one of the real secrets to Wal-mart’s phenomenal success has been that very tendency.” ~ Sam Walton