How Did Sam Walton Initiate An International Business?

Not only that, it has expanded in many other countries which are Brazil, China, and Mexico. Sam’s Club also offers several opportunities services to the needs of small businesses. To run a business we will always need these following categories- such as HR, payroll, legal laws, accounting, digital marketing, and health care needs and they all plays a big role in all major and small businesses. Sam’s Club has more than 100,000 employees in the United States and Puerto Rico. In this case, 75% of employees get promoted from hourly positions and more than 20,000 employees get promoted every year. Small business can be the backbone of the America economy. Small business helps get economy growth and succeed in life. To keep Sam Walton’s dream successful, the former CEO Rosalind Brewer had the best crew of people who worked hard alongside with her. Their entire goal was to make Sam 's Club great again. Good leaders must carry a great characteristic because good leaders will always listen and support their entire crew. Leaders must treat others with respect, also must be able to support the decisions of others, and they also involve others in their planning process. As Mr. Sam said, “Our philosophy has always been simple,” he once said. “We are the agents for our customers” (“Our History”, n.d.).

Sam Walton was born on March 29, 1918 in Kingfisher, Oklahoma. Shortly after he was born his family uprooted and moved to Missouri. Sam grew up in Missouri playing sports in high school and was a good student. He later attended the University of Missouri where he graduated with a degree in economics. After serving in World War 2, he opened his first business, a Ben Franklin franchise in Newport, Arkansas. Over a 20 year period he came to own 15 Ben Franklin stores with the help of his brother. Walton became frustrated with the management of the chain and decided to branch out on his own. In 1962, Walton opened the very first Wal-Mart.

(1) Walton had a philosophy that drove everything in the business: he believed in the value of the dollar and was obsessed with keeping prices below everybody else’s.

Walmart was founded by Sam Walton to bring affordable household products to people in small towns. Sam Walton put the customer first, building a great company with dedicated employees and core values of service to customers, striving for excellence and acting with integrity

Sam Walton is an American business leader who is well known for founding Wal-Mart and Sam’s Club, which Wal-Mart has grown to be the world’s largest cooperation. Wal-Mart first opened in 1962 after years of retail management business. The first Wal-Mart was first opened in Rogers, Arkansas. Wal-Mart is the go-to store, a place that basically has everything. Wal-Mart carries all the necessary things people uses during their everyday life for reasonable prices. Sam Walton is a successful business leader because he started a successful business years ago that is still effective today.

One of Walton’s most important, influential and successful ideas he used at the Benjamin Franklin store were his deals. He credits the success of Wal-Mart to the fact that the profit for a product would be greater if the product was sold as a package deal, “...say I bought an item for 80 cents. I found that by pricing it at $1.00 I could sell three times more of it by pricing it at $1.20.”

transformational leaders can greatly impact the performance of a workforce by emulating the characteristics of charisma, scholarly attributes that created stimulation, and thoughtfulness for each individual. The products of transformational leaders that lead their organizations in this manner result in improved customer service and a more positive work environment.

Walmart was founded on the belief stated above by its founder Sam Walton in 1962. “Saving people money, so they can live better,” was the main objective when Sam Walton opened the doors to the first Walmart (“History”). Today, Walmart is the world’s largest retailer and corporation in the United States and have been awarded and recognized by various organizations for being the best employer throughout United States and other countries. By the Fortune magazine, it is listed as one of the most admired

Out of the three profiles, I enjoyed reading Sam Walton’s profile. This profile was easier to read compared to the other profiles because it suited well to our 21st century. Everyone in America is always on the lookout to find great deals for their grocery items at a low cost. Sam understood the struggles of Americans, therefore he was able to create a store that Americans were able to buy all your grocery and other miscellaneous items at one convenience store. Sam was so cheap that he decided to name the store name with the fewest letters as possible, Walmart. Walmart is known for their cheap prices and that is what consumers love. With over thousands of Wal Mart's in the United States, Sam quickly became one of the richest Americans. Throughout

Wal-Mart was founded by Sam Walton; his belief was to provide “leadership through service.” This is the principle on which Wal-Mart was built on; Sam Walton’s intentions were to sell quality products at low prices with an exceptional customer service. Sam Walton was born in 1918, and at 24 years of age he joined the Military. He was married to Helen Thompson in 1943. After

America 's richest man, Sam Walton, was not always rich. Growing up during the depression, he struggled to help his family then, not knowing he would one day own a multi-billion dollar business, and then struggle to help the poorest of America becoming one of the top philanthropists in the United States. Also seen as a great leader, not everyone agrees on the "greatness" of the man who laid the foundation of some of the most significant management concepts used today in the business world.

Sam Walton, the founder of Wal-Mart, which is the biggest retailer in the world, had coined the famous saying ‘individuals don’t win, teams do’. There are several characteristics of Sam Walton that enabled him to be successful in his life and business dealings. Sam Walton could do anything he put his mind to. This can be witnessed in his ability to transform a small town store into a 25 billion-dollar industry at the time of his death. Also, Walton difficult childhood gave him something to strive towards later on in his life.

The human resources division has been able to streamline their efficiency with effective managerial resources. The management operates from within the main office, which enables the company to link profits to their many stores. The workforce of Wal-Mart prides itself on being promoted from within the organization. This means that the workforce has a large incentive to do a fantastic job with the benefit of moving up the corporate ladder within the company. The vision of Sam Walton supports his beliefs in the proper training of employees and benefiting the company from hiring within. The ideas of Mr. Walton proved that he had a successful business mind and understood what it would take to be a success. Mr. Walton believed that employees would be more productive if the company would provide computer systems that were able to support and help create well-informed decisions. Sam Walton also thought that the use of technological resources would enable the company to control expenses, aide the decision making process, and improve overall customer satisfaction.

Sam Walton was known to be industrious, always trying to get the most out of money, and had a burning ambition to succeed. This was evident in his book Sam Walton, Made in America, My Story. He was a hard working individual who helped his family through the depression, started his own business from almost nothing and changed the field of management for ever.

It is evident that Sam Walton believed in the importance of control systems in an organization; as he established certain strategic control systems in the company. Walton wanted everyone within the organization to be committed to Wal-Mart's goal "total customer satisfaction", and the strategic control systems were set accordingly.