4 Your Company Is Vulnerable
“Profit can hide many sins,” said Greg Foran, CEO of Walmart US from 2014 to 2019. “It’s what your customers and [frontline employees] say about your business that indicates whether it’s vibrant and healthy.”
By 2014, Walmart had become the poster child of the vicious cycle of low pay, unstable schedules, high turnover, and low customer satisfaction. The company was still profitable—and even growing. But alarm bells (finally) started sounding when the company had nine consecutive quarters of declining same-store sales growth.
When Foran became CEO, he discovered that “the stores weren’t where we needed them to be in terms of basic things like cleanliness and items in stock. The engagement of [frontline employees] ...
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