3 ms·
Seems to be working well for Walmart. A major problem with central planning is timely flow of accurate information. Although this is still a problem, it has bec
by srean 5y ago
Seems to be working well for Walmart. A major problem with central planning is timely flow of accurate information. Although this is still a problem, it has become much easier to do so than in the past.
- nickpp 5y agoDo not confuse forms of governance intended for whole societies with those that work for smaller, more controlled and more selective organizations.
- srean 5y agoWalmart cannot be compared to the USA or China for sure, but your criticism is a little pedantic and presumptuous. There are national economies that are in the same order of magnitude as, or smaller than, that of Walmart's.
- ethbr0 5y agoAs context, if my numbers are right, then at ~$550B annual revenue Walmart would be around the GDP of Belgium and Thailand. Or about the 25th largest economy in the world, if looking at it that way. And it's a better corporate analogy than most, considering it essentially does everything from retail to services.