Arley Ellsworth, Fernando Hurtado,
University of Phoenix
January 17, 2011
Wal-Mart has been in business for many years and are showing no signs of slowing down. The advantage of being in business for that period of time is building a reputation rather it be good or bad. Overall for the most part it has been good, thereason for the company have good success is being open to change. Wal-Mart cannot continue success if they were not open to change and new innovative ideas. The reason companies start to fail is because of their mental model and mindset. The mental model and mindset are a comfort zone for some businesses because they are accustomed to a way if thinking or a way of doing things without being creative or coming up with something new. At Wal-Mart or any business, management has to be ready to change the mental model and mindset to stay on top of the business. This document will go into four steps of changing the mental model and mindset that has to be embraced at Wal-Mart.
Steps To Change Mental Model and Mindsets
For Wal-Mart to continue its long-running success, the company needs to realize that there are changes that need to take place from time to time. The first step to change the mental models and mindsets is to recognize the power and limits of mental models (Wind, Crook, & Gunther, 2005). If Wal-Mart believes that because they are strong they will always be strong, then they will surely fail. By implementing the first step, Wal-Mart can overcome the negative side of their mental models that they currently see as positives. Not all mental models are negatives. In addition, not all negative mental models start out as such. Some of them are positive at first, but evolve into negatives as a result of the current events and issues. For example, Wal-Mart may currently view all Japanese made electronics as superior. So they may only sell these electronics. Although it may be...