Walmart : A Financial Organization That Varies With Over 500 Companies

Mr. Sam gains a lot of experience of retail profession. His method of thinking was to exercise leadership through service. Eventually, He pursued to operate his own discount store. Mr. and Mrs. Walton decided to relocate in Bentonville AK, because Mrs. Walton wanted to live the small town lifestyle, also Mr. Walton want to take advantage of the four hunting seasons. With little investment, He started with a 20,000 dollar loan, and 5,000 personal dollars to fire off his business aspirations. Mr. Sam opened on his first store named Walter 5&10. With the outstanding results of his store, he decided to start organizing a more effective project. In 1962, Mr. Sam opened up Walmart in Rogers, Arkansas. Mr. Sam used the method of Risk and Reward to elevate his impression of his business. Looking for help with the merchandise, Mr. Sam went to the Ben Franklin’s office in Chicago. He met with Done Sodequst, whom was the chairman & chief officer. He explained how he was planning to put his discount stores near the rural community. ("History of Walmart," n.d.) He believed that it was a lot of business in that location. He continued to try to convince the people at the Ben Franklin Office to sell him the merchandise at a lower price and work with him as in an investment to elevate his financial strategy. The next morning, the Ben Franklin Office told Mr. Sam that they would not comprehend with his idea. They decided to continue with same prices as the once agreed on.