Thread: WalMart redux
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Posted to rec.woodworking
Morris Dovey
 
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Default WalMart redux

Charlie Self (in )
said:

pathetic story snipped

The author of one of my favorite business books opined that there were
two classes of business, based on their top management norms.

He said that first-raters hired only first-raters who, in turn, used
similar standards to hire the remainder of the business' management.

In the other class of businesses, there were second-raters at the top
who hired third raters, who then used similar standards to hire the
remainder of the business' management.

The really bad news is that it's nearly impossible to upgrade an
"other" class business to a "first" class business - and all too easy
for a wormy board of directors and/or heir to spoil a top-notch
company.

Wal-Mart's problems are unlikely to be limited to the Tampa operation.

--
Morris Dovey
DeSoto Solar
DeSoto, Iowa USA
http://www.iedu.com/DeSoto/solar.html