Sam Walton Research Paper
Samuel Moore Walton (better known as Sam Walton) was born in Kingfisher, Oklahoma on March 29, 1918. He lived until April 5, 1992. After being voted the most versatile boy in high school, he went on to the University of Missouri. After some years in the retail business including working at a J.C. Penney in Des Moines, and after serving in the army from 1942-1945, he bought a Ben Franklin store. He used a $25,000 loan from his father in law to buy the store. He worked with his brother James and they were successful but Sam was not happy at the management of the chain and was mad that they were not expanding to the rural communities, so he quit and opened Walmart. Walmart was a soon a very successful store. Opened in 1962 it skyrocketed, by 1976
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An example of how he dealt with people against him small family owned businesses claimed that Walton was taking all their money but Walton didn't let that get to him. Sam promised a place where people can work and also promised to give money to charities nearby places. Almost always the donations were made. Despite going through tough times Sam's stores still remained rewarding. Sam played a large role in making Walmart successful. He was an extremely hard worker. He started working as soon as 4:30 in the morning and he wasn’t afraid to fire people that were underperforming, he wanted the results that were expected. He held high expectations because he was confident that Walmart can be successful. That kind of mentality was good for walmart and was part of its success. Another part of his success was his belief that the customers were the boss. One of his most famous quotes is “There is only one boss. The customer. And they can fire everybody from the chairman and down, simply by spending their money somewhere else”. Another great quote by Walton is “Individuals don’t win; teams do”. Today Walmart has over a million employees and has opened over 2000 stores since 1991. It has more than 6,300 stores worldwide today, including stores in Asia and Africa. It has payed off, his net worth is an amazing $34.9 billion. That includes being named the richest man in America in 1985 by Forbes. Now what has he done for the retail
An example of how he dealt with people against him small family owned businesses claimed that Walton was taking all their money but Walton didn't let that get to him. Sam promised a place where people can work and also promised to give money to charities nearby places. Almost always the donations were made. Despite going through tough times Sam's stores still remained rewarding. Sam played a large role in making Walmart successful. He was an extremely hard worker. He started working as soon as 4:30 in the morning and he wasn’t afraid to fire people that were underperforming, he wanted the results that were expected. He held high expectations because he was confident that Walmart can be successful. That kind of mentality was good for walmart and was part of its success. Another part of his success was his belief that the customers were the boss. One of his most famous quotes is “There is only one boss. The customer. And they can fire everybody from the chairman and down, simply by spending their money somewhere else”. Another great quote by Walton is “Individuals don’t win; teams do”. Today Walmart has over a million employees and has opened over 2000 stores since 1991. It has more than 6,300 stores worldwide today, including stores in Asia and Africa. It has payed off, his net worth is an amazing $34.9 billion. That includes being named the richest man in America in 1985 by Forbes. Now what has he done for the retail