Every organization has their ideas about leadership

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Every organization has their ideas about leadership. Take Walmart, for example: the largest retailer in the world is run by a traditional leadership style. Following the 2008 recession, Walmart’s profits and revenues slowly started declining. To make matters worse, Amazon began to claim a larger market share in virtually every market. In 2014, Doug McMillon was brought on as CEO to solve the loss of profits in the past 5 quarters. The preceding CEO made an attempt to cut costs and wages, even going as far to as firing many workers and making the ones who were left behind take on their work. If you were the manager or CEO in the same situation, what would you do? Do you think there are other ways to cut costs? Or is cutting costs not the only right path?

Reference no: EM132142499

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