Amazon vs Walmart - Priming the Public | 3

Business Wars

Wondery

History, Business, David Brown, Management

4.6 • 13.2K Ratings

🗓️ 27 April 2020

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

By the mid-2000s, Walmart is starting to show some cracks. They are still successful, but bad press and sluggish growth are taking a toll on their earnings. The company debates the best way to move forward, including focusing on online sales, something they’ve long eschewed. As Walmart waffles, Amazon launches a risky new program that sews internal dissent, but moves the goal posts for e-commerce once again.

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Transcript

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0:00.0	Hey, prime members, you can listen to business wars at free on Amazon music.
0:04.6	Download the app today.
0:07.0	It's a cool morning in December 2000.
0:20.4	Three black Chevy suburban's pulled in front of a day's end motel in Bentonville, Arkansas,
0:25.4	where Jeff Bezos and two of his executives are waiting outside.
0:30.1	The driver of the middle car gets out.
0:32.2	He's wearing a black suit, sunglasses, and an earpiece.
0:36.1	His expression is stern, no nonsense.
0:39.2	Gentlemen, please enter this vehicle.
0:41.2	We'll be driving you to Mr. Scott's house.
0:44.2	Bezos and his executives exchange clanses.
0:47.5	All this security for us?
0:54.3	One of the executives leans over to speak quietly to Bezos.
0:57.9	Jeff, all Mark employees more people than the US Army.
1:01.2	They have to keep their CEO safe.
1:03.6	If things keep going the way they've been going at Amazon, you're looking at the future.
1:09.2	Bezos smiles at the thought.
1:12.2	Walmart's CEO, H. Lee Scott, has invited Amazon execs here to Bentonville, Arkansas, and
1:17.4	booked them in a less than glamorous hotel.
1:21.2	Bezos knows from reading Walton's book three times that he's a penny-penscher.
1:28.0	One of the richest men in the world, and he's never paid more than five bucks for a haircut
1:32.6	in each cheap fast food.
	...

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