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.
To fully understand Walmart’s business one should first study the history of Walmart’s retail company. Born in 1918, Sam Walton married his wife Helen Robson while serving in the military. After Sam’s military term ended Sam and Helen moved around until they finally settled in the small town of Bentonville, Arkansas. Bentonville is when Sam’s Walton’s 5&10 store led him to open the first Walmart in 1962 in Rogers, Arkansas (Founder of Walmart).
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.
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.
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.
In today’s Wal-Mart world, both Sam and Helen live on as the people that changed this word in the eyes of a consumer. The middle man now has the opportunity to buy goods that would normally be expensive to buy. (see the Wal-Mart Smiley Face(“Wal-Mart Smiley Face”).) Now Sam and Helens children are the proprietors to Wal-Mart industries and currently run them. We see the same drive and determination in there kids that we would see in Sam and Helen if they were around today. Sam Walton once said that “there
Wal-Mart is considered one of the biggest employers in the U.S. with 25 different stores in most states also worldwide. One out of every 10 retail workers in the industry is employed by Wal-mart. When you think of Wal-Mart, you think of bargain items in any department of your choice. Hundreds of people visit Wal-mart on a daily basis, whether it is a big city or a small country town. Even though the business has created lots of jobs for people, especially in the smaller cities, it does hurt the small businesses. Wal-Mart has been viewed to have destroyed tens of thousands of small businesses and manufacturing jobs (Wal-Mart’s Impact on America 2012). With the opening of these Wal-Mart stores, it displaces other retail workers in the rural areas (Who win with Wal-Mart, 2011).
On July 2, 1962, Sam Walton opened the first Walmart in Rogers, Arkansas. Walmart’s story is the story of American capitalism. According to a 2012 study, more than 140 million Americans shop at Walmart each week. That’s more than how many people were at the 2012 Super Bowl. But there’s more to Walmart than what is on the surface. In this essay, I want to talk about and present the company’s actions.
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 emerged on the retail scene from humble beginnings. Before opening Walmart, Walton was experienced in the retail business, as he had successfully implemented a new type of strategy among his earlier store Walton’s Five & Dime. Walton hadn’t been seeing the returns that he had hoped for, and sought after a new strategy to
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.
Walmart’s history dates back in 1945 when Sam Walton bought an outlet of the Ben Franklin retail stores with the aim of selling products at a relatively low cost, so as to generate huge sale volumes and make profits at a low margin. Although this portrayed the purchased outlet as a crusade for most consumers,
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
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