Walmart As A Leader Essay

Sam Walton is the founder of Walmart that follows his own principle where, “true leadership depends on willing service.” Walmart was inspired by the early success of a dime store in 1950s that Walton owned. Sam opened Walmart in 1962 in Rogers, Kansas. Sam Walton thought of Walmart as a way to earn profits through volume of sales by making prices low as possible and give great service for the consumers. The strategy they built was based on a foundation where they provide the lowers prices anytime and anywhere. Competitors thought that Walmart would not succeed with this strategy, but in 1970s the business went public and Mr. Sam decided to make Walmart widespread around the nation to earn more publicity. Their business was not just relied on lower cost to attract the customer, but also the associates who work there and provided respect to individuals. The business was able to offer stocks at $16.50 per share in 1970 as it became a publicly traded company. This helps the company raise money to expand their business. In 1983, the business opened their first Sam’s Club to support small businesses and individuals who can sign up for membership to receive quality products at an incredible value. In 1988, they opened their first Walmart Supercenter which combines general merchandise and a full-scale supermarket which competes against other traditional supermarkets. This provides consumers the ability to go to just one-stop convenience

Some leaders are born, breed, or chosen. But the leader I chose to write about he became. I'm talking about Martin Luther King Jr. An American Baptist minister who became a leader for African-American Civil Rights Movement and had executive impact. He was able to unite people together to have a voice, and change a nation. It was a time when many African Americans were treated very harshly and unequal. It was a time of violence and fear. But one man was able to help thousands of people overcome that fear and speak up by his side. He had an aura around him that I don't think many people have. An aura to bring people together, and I think a multitude of people saw that in him too. Martin Luther King Jr. had all the aspects of a great leader.

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.

Mr. Sam Walton was born in Kingfisher, Oklahoma in 1918. Walton went to the military in 1942 at the age of 24 and he ended is service in the military in 1945. At this time Walton moved to Newport, Arkansas. In 1950, the Walton’s moved to Bentonville, Arkansas which is where Walton opened his first retail store “Walton’s 5&10” (Our History, 2015). The dime store made Walton some money and he wanted to bring better opportunity and value to his customers so he opened Walmart in 1962 in Rogers, Arkansas. Walton’s competitors thought he was crazy for trying to build a business that would give customers lower prices and offer great service. They thought his idea would never work (Our History, 2015). In 1969 with 24 stores booming and over $12.7 million in sales, the company incorporated as Walmart Stores, Inc. In 1970, Walmart went public and became publicly traded (listing and selling the company shares on a stock exchange (Moffett, Stonehill, & Eiteman, 2015)), selling its first stock at $16.50 per share. Walton wanted to expand his service to many other towns and states and he used the money the store profited to finance and expand Walmart. In 1971 Walmart opened its first distribution center and home office in Bentonville, AK (Our History, 2015).

Good and bad business leaders exist all over the world. There are many characteristics that qualify a person as a good leader. For example, leaders must know how to communicate well with their employees as well as be able to motivate workers to do their best at all times. Additional characteristics include earning their money honestly, carrying the company as far as they can, and putting the needs of the business before anything else. Business leaders that lack most of these characteristics and let their businesses suffer during their time of leadership often do not succeed. Bill gates was born a leader and began using his leadership skills at a young age to become one of the most successful and well developed leaders this country has ever

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.

Sam Walton, founder of Wal-Mart's corporate history is like a curriculum vitae. He called Walton's Five and Dime in 1950 launched its discount store. Arkansas - a Ben Franklin store in Newport, Walton had operated before. He franchised from 1944 to 1950 and then moved to Arkansas Benton's VILLE 1950. He continued his association with Ben Franklin, but Walton's Five and Dime store renamed.

Question...where can you shop for electronics, clothes, and groceries, get your oil changed, go to the bank, see the optometrists and pick up a medical prescription? The answer is Wal-Mart. Best known for, everyday low prices, Wal-Mart’s history is one of innovation, leadership, and success.

On March 29, 1918 Sam Walton was Born. Little did Sam know, people will later look up to him as an inspiration and a role model. Sam’s contributive innovations made a huge difference to shopping in America and later to the world. Throughout Sam’s life he proved to be a diligent worker who was humble of his accomplishments. Each and everyday he became a better person and would work harder to achieve his goals.

Sam Walton was born on March 29, 1918 in Kingfisher, Oklahoma to Thomas Gibson Walton and Nancy “Nannie” Lee. His brother, James was born in 1921. He resided there with his family until 1923 and then moved to Chesterfield, Missouri where his father used to work as a mortgage man. He grew up in hard times and helped the family by performing various chores to meet the financial requirements of the family. Walton used to milk the family cow, bottle the surplus and deliver it to the customers Walton then became management trainee at JC Penney in Des Moines, Iowa, just after three days of completing graduation. He earned $75 a month being in this position. Walton was just 26 years old when with his father-in-law’s loan of

As an avid shopper and consumer that frequents Wal-Mart, I chose to do my paper on the Wal-Mart Corporation to explore their marketing strategies and their efforts to compete in today 's economy. Our economy, which is characterized by sophisticated technology and global communication, demands a great deal from organizations that intend to remain competitive. Wal-Mart Corporation does not just compete in their field, they dominate it.

Wal-Mart Stores have been around for more than 50 years, opening the first store in Rogers, Arkansas in 1962. After an early success of a small dime store Mr. Sam Walton wanted to expand on his business knowledge and liked the idea of living in a small town where he and his wife could enjoy a small town living. Through the success of Wal-Mart Stores create lower cost and great service to its customers, Mr. Walton opened the Sam’s Club franchise and even making some of the Wal-Mart stores Supercenters where customers can get the same shopping experience where ever they stop and not have to guess which store will have which items on hand. Mr. Walton wanted his customers to have a great shopping experience every time they came in, which would keep the customers coming back. He believed that his employees were more than just employees! He made them partners of the successful business chain which made for a great partnership. Mr. Walton was awarded the Medal of Freedom award for the great work that he stood by in 1992, from President George H.W. Bush. (Walmart).

Wal-Mart was founded by Sam Walton, the first Wal-Mart store opened in Rogers, Arkansas, in 1962. Seventeen years later, annual sales toped $1 billion. By the end of January 2002, Wal-Mart Stores, Inc. was the world's largest retailer with $218 billion in sales. Wal-Mart's winning strategy in the U.S. was based on selling branded products at low cost, which enables the lower class and middle class consumers to shop for products and save. Due to the advances in technology over the years Wal-Mart has been able to achieve tremendous success. Wal-Mart's success has allowed the company to expand out of the United States.

LEADERS ARE BORN NOT MADE There have been an age long debate, and humans since beginning of time, have tried to come up with an answer to this question – Are Leaders born or are they made?. This question has generated an age long debate, which in turn has resulted in various school of thoughts, some believe that leaders are born, while others think otherwise. My contribution to this lifelong debate will serve as a pointer to my position on this issue. I strongly believe that leaders are born and not made. Who is a Leader? - “A leader is a person who guides others toward a common goal, showing the way by example, and creating an environment in which other team members feel actively involved in the entire process. A leader is not the boss of

Power is defined as the potential or capacity for a person to influence the behavior of another so that the person who was influenced can act in accordance with the influencer’s wishes. (Robbins, p.368). A person can only have power over others if they have control over a resource that the others desire. The more control they have over that resource, the more power they exert. Power can be categorized into two groups: Formal power and Personal power.