No matter a company’s size and quality in performance, further targeted improvements can always boost it to that next level.
For instance, in Fayetteville, Arkansas on Friday, June 5th, at Wal-Mart’s annual meeting and his first shareholder address, newly installed President and CEO Mike Duke told attendees that future goals include enhanced training and development of the company’s employees, further cost reductions through improved global purchasing, and improved alignment with customer needs.
Said Duke, “We also need to see ourselves and conduct ourselves not as Goliath, but as David—not as a giant, but as a nimble and innovative competitor in every market.”
Furthermore, Duke also pledged to continue the company's efforts to improve gender diversity within its senior ranks by launching a "global women's council."
The aim of the group, which met for the first time earlier this week, is to increase the percentage of women in management at Wal-Mart. The council is composed of 14 members, each of whom represents one of the global markets of operation for the company.