O'Reilly logo

Managing in a Time of Great Change by Peter Ferdinand Drucker

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER FOURTEEN

The U.S. Economy’s Power Shift

POWER IN THE ECONOMIES of developed countries is rapidly shifting from manufacturers to distributors and retailers.

The phenomenal success of Wal-Mart, which made the late Sam Walton one of the world’s richest men in less than twenty years, was based squarely on the chain’s controlling the operations of its main suppliers. Wal-Mart, rather than the manufacturer—a Procter & Gamble, for instance—controls what should be produced, in what product mix, in what quantities, when it should be delivered, and to which stores. Similarly, in Japan, Ito-Yokado Company controls the product mix, the manufacturing schedule, and the delivery of major supplies, such as Coca-Cola or beer, for its 4,300 7-Eleven stores. ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required