Most observers of the business world acknowledge that the Wal-Mart of USA story of success and is a great example - may be the greatest example - of the free-enterprise system at work. The following 10 simple principles made Wal-Mart a success with no secret, magic or formulae:-
- Principle #1:- Beginning every successful venture with a dream that requires determination, passion, and the willingness to grow if it is to be fulfilled.
- Principle #2:- Having a vision that allows to see a bigger, better, stronger in the future - while never taking your eyes off what it is and what it is doing today.
- Principle #3:- Creating a culture where everyone shares the same values, purposes, and expectations of success will build a great company.
- Principle #4:- Achieving true success in direct proportion to the degree that an organisation treats its people with respect and dignity - and believes in them enough to help them grow.
- Principle #5:- Making a commitment to help your customers succeed first.
- Principle #6:- Achieving excellence becomes a reality when you set high expectations, humbly face and correct mistakes, stay optimistic, and avoid the quicksand of complacency.
- Principle #7:- Success is in direct proportion to ability to plan, monitor, and ultimately execute all phases of business.
- Principle #8:- Creating win-win relationships with business partnerships based on trust and open communications, to maximise potential for growth.
- Principle #9:- Ongoing success of organisation is in direct proportion to ongoing commitment to grow.
- Principle #10:- Cultivating a spirit of charitable giving and civic involvement with the organisation to increase tangible and intangible returns.