In a move that signifies the end of the Sam Walton era to many observers, Wal-Mart is reducing the frequency of its fabled Saturday morning meeting to once a month. And executives won't be funneling
into the home office any more either, but will gather down the road at Bentonville High School where a larger auditorium can house the growing crowd of managers required to attend.
Walton strongly believed in the value of the Saturday morning meetings as a time to communicate, plan strategy and gain a competitive advantage. The Wal-Mart Web site describes the meetings as part
entertainment, part hard-core business and "the pulse of our culture."
While most corporations meet quarterly, Wal-Mart devoted 52 Saturdays per year to critique the business, debate
management philosophy and strategy, correct weaknesses and share ideas.
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