Sam Walton In The 1900's

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 was born March twenty-nine, 1918 in a small town in Oklahoma. His father was Tom Walton and his mother was Nancy Lee. Walton lived on a farm until 1923, he moved around a lot from one small town to another. He was the youngest Eagle Scott in the state of Missouri history. While finishing his degree at the University of Missouri, Walton joined J.C. Penny as a trainee in the management program in Iowa. In 1942, Walton began the military until 1945 when he completed service. By the age of 26, he took over management of his first variety store by purchasing a Ben Franklin store in Arkansas. Afterward, he purchased his second store called the Eagle right down the street from his first variety store. Sam Walton gave birth to Wal-Mart in 1962. Later that year, Walton along with his brother Bud opened sixteen stores in several states.

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.

When Sam Walton founded the first Wal-Mart in 1962, the idea of bringing in a discount-shopping store into rural America was almost unheard of, except for the local five and dime stores. When Walton noticed that he had a lot of competition from regional discount chains, him and his wife Helen traveled the country to study other new retailing concepts, and were convinced that it was the wave of the future. With Walton's vision, Wal-Mart grew to be a multi-billion dollar, international company, operating about 4,600 stores around the world.

The history of Wal-Mart stores can be dated as far back as 1962. On July 2, 1962, Sam Walton opened the primary Wal-Mart store in Rogers, Arkansas. The Walton family possessed 24 stores, ringing up $12.7 million in deals. The organization authoritatively fused as Wal-Mart Stores, Inc. Wal-Mart Stores, Inc. Operates a number of retail stores globally. It does operate retail shops, supermarkets and hypermarkets among others. It offers most products which can be considered to be in the line of groceries and consumables. The company also offers electronic components such as cameras and other devises. It additionally offers women’s products such as perfumes, Jewelers, and cosmetic products.

Sam Walton was a genius mogul and was the founder of Wal-Mart. His retail visionary skills took a small-town variety store in Alabama, and transformed it into the largest retail company in the world. Even after his death, 20 years ago, he influence is still witness today in the retail industry.

In 1950, Sam Walton purchased a store and opened Walton’s 5 & 10 in Bentonville, Arkansas. This later became the home office of the now multi-billion dollar company. As business became more successful, Walton opened more stores and renamed the chain “Wal-mart.” Now, Walmart has stores all around the globe, with 5,229 stores in the US alone. It is considered the largest retail company in the world.

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.

Samuel Walton was a businessman and entrepreneur known for establishing the discount chain Walmart, that grew to become the largest corporation in the world. Samuel Moore Walton was born March 29, 1918, in King Fisher, Oklahoma. He is the first son of Thomas Walton and Nancy Lee, they lived on a farm. Sam’s father decided farming did not provide enough money for his family and started to work for his brother in farm martagons. Sam and his family moved to Shelbina, Missouri. In eighth grade, he was active in boy scouts and became the youngest eagle scout in his state along with receiving the recipient of Distinguished Eagle Scout Award from the boy scouts of America. Later, the family moved to Columbia, Missouri, where Sam was a good student, quarterback on the football team, and voted most versatile boy at Hickman High School. After graduation, he attended the University of Missouri where he was a ROTC cadet and a member of the Zeta Phi chapter of Beta Theta Pi Fraternity. Sam was also an active member of QEBH, a secret society on campus for senior men, and president of the Burall Bible Class. In 1940, Sam graduated with a bachelor in Economics. Sam worked for J.C. Penney as a manager trainee in Des Moines, Iowa, and was paid $75 monthly. He had to leave the company because of being inducted in the Army for World War II in 1942. While in the army, Sam worked at DuPont in Tulsa, Oklahoma.

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.

Sam Walton was propelled by other rebate office chain stores. By keeping his retail costs lower than alternate contenders stores he found himself able to open his second WalMart store that year in Rogers, Arkansas. There were an aggregate of 24 stores in the condition of Arkansas by 1967 with profit of $12.6 million in deals.

This paper concerning Walmart will give a brief history and development story of the retail outlet. The research will also feature the gender discrimination claims that have been made against the retail outlet store.

The premier Wal-Mart location opened in 1962 in Rogers, Arkansas. Walton and his wife Helen set up 95% of the cash for the endeavor. Only six years after the fact Wal-Mart started extending outside of Arkansas State. Wal-Mart stores opened in two more southern states, Missouri and Oklahoma. On October 31, 1969, Wal-Mart had become incorporated. In 1971, Wal-Mart stock had its first 100% part and was sold at a stock price of price of $47. By 1972, Wal-Mart was being traded on the New York Stock Exchange. By its 18th birthday, Wal-Mart turned into the speediest organization to reach $1 billion in sales. The chain included 276 stores, 21,000 partners, $1.248 billion in sales. All through the 1980s, Wal-Mart developed to have areas in 13 new states. By 1991, Wal-Mart proceeded onward to the international business sector, opening its first

Sam Walton 's first venture as a milk boy is when he understood the value of a dollar and the knowledge of how far a dollar could take one in life. From Sam 's first five and dime stores in the 1950 's to his opening of the first Wal-Mart in Rogers, Arkansas in 1962, no one could have predicted the enormous success of this small-town merchant. Today, fourteen years after his death, Wal-Mart continues to grow and leadership of this company continues to rely on many of the traditional goals and philosophies that Mr. Walton left behind. In keeping one step

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.