thought it was time someone of this crew reading theses things offered something legit
9 replies (most recent on top)
Amazon won't kill the Mart..... wake up fools! Just entering brick and mortar.... they'll have the same 40+ years of growing pains being in a real world with customers and employees and sh--ty ones on both sides. They only know digital and not physical operation. Only exposure they have in that realm is the warehouses which if you Google and read the failure rate and disgust by those employees it will be worse then what you claim is happening in the Mart now.
1 business model to compare the Amazon going from digital to physical is Sears...... started as catalog company with orders only for years and then went brick and mortar..... history repeats!
Kmart downfall was entering into food business with no supply chain or logistics (warehouses) so the Mart will outlive the competition unlike you and the competition of hard working associates!
@ 1bli - Good breakdown. I would go as far as this based on the typical raise %:
3% Role model
5% Exceeds Expectations
79% Standard
8% Development Needed
5% Below Expectation
It’s the 80/20 rule. GE used this as a talent evaluation process and look where they are at now. GE would always eliminate their bottom 20% performers annually to attempt to grow their top performers and increase talent. It has proven to be very unsuccessful over the long term for GE, and Walmart is now having the same issue with attracting and developing qualified talent.
It similar to how Walmart runs evaluations by position, but not much different, below is how you are pooled by position in ratings, most of the associates, Asst mgr etc... will receive a standard evaluation.
Remember this is by position, ex 5% of all assistant managers in the Company will be a Role Model, etc...
5% Role model
10% Exceeds Expectations
70% Standard
10% Development Needed
5% Below Expectation
Good Luck.
Company ? That means all of the above. Each Store will Lise 20% from each of their Stores.? It depends on how each of the ASM’s Were calibrated and evaluated by their SM.
When referring to 20 percent, of store, market, region, company?
I think the same way Costco caused Sams stores to close,Amazon will likely have the same affect.I can see it heading in the direction of Kmart.Walmart may not go away but it will as we know it.There are so many new businesses opening up with large stores several Amazon brick and mortar stores close to our local walmart only minutes away.Walmart has been number one for years it's coming to end.I'm getting out,Ill be working for Amazon Soon.The company will be laying off and closing stores.My job there will be gone if I don't get out. now.I'm afraid in the new eCommerce the walmart way can't catch up.Walmart has turned into a bad company Bad Service,Bad Management, Customers grumbling and complaining constantly Customer First most likely to be the first to go somewhere there satisfied with
Assistants were calibrated several weeks ago. The bottom 20% will be let go at their evaluation.
Not sure what’s coming but uncertain times