And Walmart with than half a trillion in revenues annually are the two largest companies in the world They have not only redefined the retail industry Walmart in the 1980s 1990s and since 2000 but have also been the benchmark for business best practices e. the use of IT supply chain data analytics customer orientation This year it is anticipated that will dethrone Walmart as the world s largest company a position that Walmart has occupied for than two decades By examining these two companies and their business models in depth Professor Nirmalya Kumar elucidates on the general phenomenon of incumbents competing with disruptors e. Volkswagen vs Tesla Marriott vs Airbnb as well as the move to omnichannel retail where physical stores must coexist with online retailers Clash vs Walmart