GoFuckYourself.com - Adult Webmaster Forum - View Single Post - If you were worth 20 Billion, would you take risks like this?

harkonen · 06-28-2005, 06:29 AM

One can hate the rich and whine about jobs being lost blah blah blah ..

" I also noted to Mr. Smith that Wal-Mart, all by itself, was responsible for a significant amount of the U.S. productivity miracle over the last decade. In a 2001 report, the McKinsey Global Institute, a respected think tank, concluded Wal-Mart's managerial innovations increased overall productivity by more than all the investments in computers and information technology of recent years.

Wal-Mart's innovations include large-scale (big box) stores, economies of scale in warehouse logistics and purchasing, electronic data interchange, and wireless bar code scanning. These gave Wal-Mart a 48 percent productivity advantage over its competitors, forcing those firms to innovate as well, thereby pushing up their productivity. The McKinsey study found productivity improvements in wholesale and retail trade alone accounted for more than half of the increased national productivity between 1995 and 1999.

A new study from the prestigious National Bureau of Economic Research found Wal-Mart has a substantial effect on reducing inflation. For example, it typically sells food for 15 percent to 25 percent less than competing supermarkets. Interestingly, this effect is not captured in official government data. Fully accounting for it would reduce the published inflation rate by as much as 0.42 percentage points or 15 percent yearly."

A distorted lens on Wal-Mart

Quit yer whinin', GFY

and go buy some cheap beer.

06-28-2005, 06:29 AM
harkonen Registered User Join Date: Jan 2004 Posts: 9	When you question it .. think about it first One can hate the rich and whine about jobs being lost blah blah blah .. " I also noted to Mr. Smith that Wal-Mart, all by itself, was responsible for a significant amount of the U.S. productivity miracle over the last decade. In a 2001 report, the McKinsey Global Institute, a respected think tank, concluded Wal-Mart's managerial innovations increased overall productivity by more than all the investments in computers and information technology of recent years. Wal-Mart's innovations include large-scale (big box) stores, economies of scale in warehouse logistics and purchasing, electronic data interchange, and wireless bar code scanning. These gave Wal-Mart a 48 percent productivity advantage over its competitors, forcing those firms to innovate as well, thereby pushing up their productivity. The McKinsey study found productivity improvements in wholesale and retail trade alone accounted for more than half of the increased national productivity between 1995 and 1999. A new study from the prestigious National Bureau of Economic Research found Wal-Mart has a substantial effect on reducing inflation. For example, it typically sells food for 15 percent to 25 percent less than competing supermarkets. Interestingly, this effect is not captured in official government data. Fully accounting for it would reduce the published inflation rate by as much as 0.42 percentage points or 15 percent yearly." A distorted lens on Wal-Mart Quit yer whinin', GFY and go buy some cheap beer.