Sam Walton and Wal-Mart
Sam Walton was born on March 29, 1918 to Thomas Gibson and Nancy Lee Walton near Kingfisher, Oklahoma. In Oklahoma, they owned and lived on a farm until 1923. The Walton's then decided that the farm was not profitable enough to raise a family on. So, Sam and Jame's (Sam's younger brother born in 1921) dad decided he would go back to being a Farm Loan Appraiser. Once this job started the Walton family moved out of Oklahoma and moved from town to town in Missouri. This would traumatize most children but for the Walton boys though it was no big deal. This could be seen when Sam was in 8th grade at Shelbina he became the youngest boy in the state's history to become an Eagle Scout and this was only a start of his many of accomplishments.
As Sam Walton grew up he was always an ambitious boy. He attended Hickman High School in Columbia there he played basketball and football, in which he was the starting quarterback for the football team and lead them to the state title in 1935. He wasn't the most smartest person at school but he was determined to do good so with hard work and lots of studying he became an honors student. Besides being athletic and smart he was also a political figure at school, too. He severed as Vice- President of his Junior Class and President of the Student Body his senior year. Don't think this is all Sam did though, he also had to help support his family, along with his father and brother because money was lacking due to the depression. Sam's job was to milk the family cow, bottle the milk, and then deliver the surplus of to customers and then went off to deliver newspapers afterwards. When he graduated from high school he was voted the "Most Versatile Boy" in his class. During this time it would have been easy for Sam to just give up on school and go to work full time. Seeing though how his family was struggling to make ends meet, he decided he was going to stay in school and attend the University of Missouri.
At the University of Missouri Sam majored in Economics. He could not really afford to attend school so he worked extra hard to get the money. Sam waited tables in exchange for meals, lifeguarded at the school pool, and also delivered newspapers. While he was not doing that he was either at his fraternity in which he was an officer, or at a student government meeting since he was a member of the stud...
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...et. More than 600,000 Americans work at Wal-Mart. The reason for its popular success it still follows Sam Walton's values: by hometown identity, each person is welcomed personally by People Greeters, each store honors a graduating high school senior with a college scholarship, bake sales to benefit a local charity, associates determine where charitable funds are donated, and the prices are low and customers do not have to wait for a sale to see savings. This is only to name a few of the things that Wal-Mart does for the community. Wal-Mart goes according to what Sam Walton believed, "Each Wal-Mart store should reflect the values of its customers and support the vision they hold for their community" ( The Wal-Mart Story). With this saying always in mind the Wal-Mart community outreach programs are steered by local associates who grew up in the area and understand its needs.
Sam Walton always made quite an impression on everyone. Sam Walton has done so much for the retail world. He has gone beyond what any other owner or manager has ever done or will ever do and was honored for all his hard work in March of 1992 when he received the Medal of Freedom from President George Bush.
Samuel "Sam" Taliaferro Rayburn was born in Tennessee in 1882. He was the eighth of 11 children. When Sam was 5 he moved west with his family to a 40-acre cotton farm just outside the small community of Flag Springs, Texas. At the age of 18, Sam left the family farm and went to East Texas Normal College in Commerce. His father sent him off with $25 and he added to that by sweeping school rooms, ringing the class bell and building fires in school stoves. After a year of college, he paid debts and earned more money teaching in Greenwood, Texas. He then returned to Commerce and finished his three-year degree in two years.
But Wal-Mart’s care for us goes beyond that simple relationship. As many of us have seen if we have been to a Wal-Mart, they hire people who normally would not be able to get a job. The company knows that by broadcasting itself as positive and helpful in nature it can increase its revenue and in turn increase the amount of assistance it provides to us the consumer. “In 2004 Wal-Mart donated over $170 million. More than 90 percent of these donations went to charities in the communities served by Wal-Mart stores.’ Even more heartfelt than this, Wal-Mart was the leader in goods based relief efforts for victims of hurricane Katrina. “Walmart’s response to the hurricane was lauded even by its critics: it donated more than $20 million worth of merchandise, including food for 100,000 meals, and it promised jobs for all of its displaced workers.” And the first supply truck to arrive at the superdome was a Wal-Mart truck.
Wal-Mart as we know it today evolved from Sam Walton’s goals for great value and great customer service. Mr. Walton’s competitors thought his idea that a successful business could be built around offering lower prices and great service would never work. Mr. Walton also credited the rapid growth of Wal-Mart not just to the low costs that attracted his customers, but also to his associates. He relied on them to give customers the great shopping experience that would keep them coming back. Sam shared his vision for the company with associates in a way that was nearly unheard of in the industry. He made them partners in the success of the company, and firmly believed that this partnership was what made Walmart great.
his young upbringing in the Ku Klux Klan. Sam's background as a Klansman is told
C. Sam Walton, founder of Walmart, received a $25,000 loan from his father-in-law in 1945 after returning as an Army officer in WW2. He then used that loan to open up his first discount store in Newport, Arkansas and later opened his first Walmart in 1962. Over the next 2 decades Walton managed to turn that one store into a franchise worth $45 Billion. Now that’s what I call the “American Dream”. Walmart is criticized for actions that aren’t true and can be backed up by facts if necessary. People make assumptions about it without knowing the truth behind what they are saying. These assumptions should be changed because Walmart is indeed a very successful cooperation and benefits the economy and communities around it.
Walmart was started by Sam Walton in 1962, after experiencing franchising in Newport. He realized that he could pass to his consumers the discounts that he earned by purchasing in wholesale and subsequently managing to acquire profits through the sale by volume. Sam Walton was obsessed with cost cutting and he managed to foster this culture in the business that he started (Frank, n. d). He managed to keep the overheads of the company by controlling his payroll. He did this by framing his frugal nature as a crusade for the low consumers as well as a quest for a favorable lifestyle for Americans. The practices that are found in many Walmart are attributed to Sam Walton who infused them in his employees through charisma and charm.
Julie A. Cassiday, Emily D. Johnson, “Putin, Putiniana and the Question of a Post-Soviet Cult of Personality,” The Slavonic and Eastern European Review 88 (2010): 680-707.
This is a good question. Walmart started as a small five and dime in the city of Bentonville, Arkansas by a man named Sam Walton. After a great success Sam and his wife Helen moved to Rogers, Arkansas where he opened his very first Walmart. He had some retailing experience after his time in the war and he chose Bentonville for the hunting season and because his wife wanted to live in a small town. His ideas of not pocketing extra cash from manufacturers, but rather giving deals to customers and trying to make profit off of how much he sold, changed the way retailers make money in America. Sam had a cheap mindset, not only for his customers, but for himself. Even when he became the richest man in America he continued to get his hair done for
With humble beginnings, as Vladimir himself put it in his autobiography, Vladimir Vladimirovich Putin was born October 7th, 1952, within St. Petersburg, Russia. Raised by his mother Maria, who was a factory worker, and his father Vladimir, who was a conscript. Putin was dead set on joining the KGB, the Committee for State Security. In his autobiography he says he was “a pure and utterly successful product of Soviet patriotic education.” But he also says that most of this “notion of the KGB came from romantic spy stories” In short, he never knew what he was getting into. To follow...
Joseph Stalin, whose real name is Iosif Vissarionovich Dzhugashvili, was born on December 21, 1879 in the small town of Gori, Georgia. His family was poor and he was the only child of four to survive. His father was a shoemaker. He was a heavy drinker and died from wounds in a brawl when Stalin was 11 years old. His mother was a pious and hardworking woman. She wanted her son to have a good life so she entered him into priesthood. He attended elementary school run by the Orthodox Church and went on to the Orthodox theological seminary in Tiflis. There he joined a secret study group that opposed the Russian tsarist government. They discussed the radical ideas of Karl Marx and Stalin became a devout Marxist. Eventually, Stalin was expelled from the seminary. Then for the next 18 years he was a revolutionary. He wrote articles for Marxist newspapers, worked as a propagandist among workers, and organized strikes. This is what led to him becoming a politician.
Born Vladimir Ulyanov on April 22, 1870, Lenin grew up a rather lavish lifestyle in the city of Simbirsk (Present day Ulyanovsk) on the Volga River (“Vladimir Lenin Biography”). His parents had six children including him (“Lenin: A Biography). In 1887, his elder brother Alexander was hung for plotting to kill the Tsar (“Vladimir Lenin Biography”). Lenin was only 17. This event greatly affected his youth and it helped bring out the inner rebel within Lenin. Lenin at the time of his brother’s death was studying law at Kazan University (“Vladimir Lenin Biography”). Kazan is city North of Simbirsk and it also lies on the Volga. The same year as his brother death, Lenin was expelled from the University for taking part in a student protest. (“Vladimir Lenin Biograph...
Mikhail excelled greatly in his academics during his school years. It started as a young child when he developed a deep desire for knowledge. In school his hobby was drama, which went on a show tour to the villages within the region. This ambitious group of young performers earned money from tickets to their performances and with the money they bought 35 ...
While keeping in mind they are a business which rely on profits. Walmart is a popular company that is known for their low prices. This corporation is also known for giving back to communities by making charitable contributions of 100,000 grants annually, as well providing disaster relief to various countries burdened by disasters and donated $100 million dollars to neighborhoods and law enforcement agencies. They also provide employees with college grants to obtain a two or four year college degree, Walmart is investing in their employees by giving them an advantage in their future. Walmart has also found ways to reduce waste by creating materials that are nontoxic and are recyclable friendly. With the use of sustainability, strategic philanthropy, causing marketing, shared values and stakeholder that is why this company was ranked number one by Forbes list in
The first Wal-Mart store opened in July of 1962 in Rogers, Arkansas by Sam Walton who believed that the future of retailing was in discounting and to avoid competing with established giants like Sears and Woolworth, Wal-Mart’s stated out of the large cities in the beginning and this strategy help avoid competition, while in rural areas Wal-Mart began growing their customer base by offering ways to save money and shorter travel distance, Sam Walton felt the best way to make customers happy was to provide the low prices every day (Farhoomand, 2006). The company needed to continually find ways to control the operating costs so the savings would then be passed on to Wal-Mart customers in the form of lower prices than the competitors. Walton was opposed to having any kind of employee unions for its company and saw them as a disruption and an inconvenience (Farhoomand, 2006). The continued search for lower prices made him aware of business related travel cost, Wal-Mart executives stayed in low cost hotels when they traveled and the cost related to the services provided by suppliers, Wal-Mart helped suppliers improve operations and efficiency to produce lower cost. Walton wanted the suppliers to correct any nonessential or insufficiencies existing in their business structures as a way of gaining lower prices and higher value products for its Wal-Mart stores. To further push savings Wal-Mart forced cost down by eliminating the middleman and buying directly from the manufacturers. This cost saving also applied to executive salaries Walton felt providing employees with stock options, training opportunities, and allow employees to grow and develop would be a better way to engage and involve them in his vision (Farhoomand, 2006).
Wal-mart has a reputation for caring for its customers, of course their employees, and for the prospective public. So Wal-Mart can be an industrial leader for the world of shoppers with an eye for lower affordable prices, company decision makers would continue it's systematic strategies that it's founder and president established years ago. Sam Walton believed in three guiding principles in his strategy planning they were to provide the customer with good value and service, to have a good relationship with its associates, and to be involved with the community.