S. Robson Walton

Part 5 Question 2: How would you characterize the leadership of Walmart founder Sam Walton? The leadership of Walmart is Authentic Leadership which refers to individuals who know and understand themselves, who espouse and act consistent with higher order ethical values, and who empower and inspire others with their openness and authenticity. There are 5 key characteristics of authentic leaders, which are: (i) Authentic leaders pursue their purpose with passion, (ii) Authentic leaders practice solid

Sam Walton was born in 1918 in Kingfisher, Oklahoma. Sam opened the first Walmart in 1962 at the age of 44 in Rogers, Arkansas. The company was officially incorporated as Wal-Mart Stores, Inc. in 1969 and sold its first stock in 1970 for $16.50 per share. By 1972 Walmart had 51 stores and recorded sales of $78 million dollars. The company continued to broaden and in 1980 they opened the first Sam’s Club and the first Walmart Supercenter. They united supermarkets with merchandise, making everything

in the world. Sam Walton was the founder of Wal-Mart Inc. He graduated in 1940 with a degree in economics and began his career at J.C Penny as a management trainee. After saving up money for three years at his current job he decided to quit and open a Ben Franklin variety store in Newport, Arkansas. Due to some issues he lost his lease for his first store but did not loose hope and together with his brother J.L Walton opened up a new store in Bentonville. In 1960’s Sam Walton believed that he had

Wal-Mart Stores Inc. Wal-Mart is an American retail company founded by Sam Walton in 1962; he opened the first Wal-Mart store on July 2, 1962 at Rogers Arkansas. The company officially incorporated on October 31, 1969 as Wal-Mart stores Inc. Wal-Mart has over 11,000 stores under 71 banners in 27 countries and consist of 2.2 million employees including 1.3 million in the U.S It took a long time for Walmart to become what it is today. It went from being just a simple retail store in Arkansas City to

In the beginning, Sam Walton paid his associates minimum wage and he believed payroll was a big part of overhead, having control of payroll would affect his profit margin (Ortega, 1999). It was not until he had a store in Mexico, Missouri where a union getting support from his workers that he realized that his philosophy needed to change (Ortega, 1999). He was against unions and discovered that there were ways to stop his workers unionizing, Sam Walton wanted to “Wal-Martize” his associates

Sam Walton graduated from the University of Missouri in Columbia with a degree in economics in 1940 (Biography.com Editors, n.d.). He entered the retail business in 1944 in Newport, Arkansas as the owner of a franchise store called Ben Franklin (Shenron, 2009). Six years later Walton relocated the store to the town square of Bentonville, Arkansas and renamed it Walton’s Five and Dime. By 1962, Walton’s innovational management style empowered him to open a second store just seven miles down the

proper resources and build a culture” is another primary responsibility of an entrepreneur and is key (5). Choosing the right people to run a business to create a culture will bring moral and heights to your company. “Good decisions deliver the company 's performance (5).” Life is full of decisions, and so being an entrepreneur is full of decision, good or bad, a choice needs to be made. While people work, entrepreneurs employ, which takes great responsibilities. Creating my own business has always

billion in sales” (Carroll and Buchholz 772), with high discount prices and operating four different divisions including Sam’s Clubs warehouse. Many see Wal-Mart as a good and honest company however to others this is not the case. In 1962 when Sam Walton open his first Wal-Mart, he when to target small towns in rural areas of no more than ten thousand people (Carroll and Buchholz 772). What he set off to accomplish was to provide outstanding customer service with a fast friendly service with low priced

Wal-Mart stores, it displaces other retail workers in the rural areas (Who win with Wal-Mart, 2011). Sam Walton, the founder of Wal-Mart was a business man with a vision. Sam was born in 1918 in Oklahoma. He was in the military until 1945 and then moved to Bentonville. Sam Walton was a very cheap man. Mr. Walton opened his own 5&10 store, and it became a success very quickly. Walton realized that passing on savings to his customers while earning profits through volume, would be the best way

best in markdown retail locations. At present Wal-Mart is the figure one rebate retail location in the United States pursued by means of Sears, K-Mart, Target and Kohl 's, deferentially, working in each of the 50 states. Wal-Mart is looking for different types of target markets within the Wal-Mart stores, Neighborhood Markets, Sam 's Clubs and widespread Division. The