The Wal-Mart Effect
How the World’s Most Powerful Company Really Works–and How It’s Transforming the American Economy
About the book
Business journalist Charles Fishman of Fast Company magazine examines what Walmart actually does to its customers, its workers and its suppliers. He draws on interviews with former Walmart executives and on striking data, such as Americans spending $36 million an hour in its stores. Fishman treats the Wal-Mart effect as shorthand for a range of good and bad results: lower prices on everyday goods, weaker traditional shopping districts, pressure on local wages and inflation, and suppliers consolidating to match Walmart's scale. He concludes that the company is not subject to market forces because it creates them. It came out in 2006, but its title phrase has been traced to a 1990 USA Today story by Julie Morris.
Kid Genius co-founder Craig Pearce said it was the first business book he read, finished on a single flight, and that it sparked his interest in reading about how companies begin.
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This book has 1 recommendation
Craig Pearce (Co-Founder/Kid Genius)
The first book I read about business was The Walmart Effect. I think I picked it up at an airport and read the entire thing on the ensuing plane ride. It was this book that got me interested in reading about the early stages of companies. I would have never guessed they could be so entertaining.
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