Sam Walton Essay

677 Words2 Pages
bulb-icon

Recommended: Walmart strategic implementation

Sam Walton was born in a common family in Kingfisher, Oklahoma. Walton opened the first WalMart in 1962, after continuous years in the retail management business. The discount chain expanded internationally over the next 30 years, expanding into the world’s largest company by 2010. Sam stepped down as CEO, and continuously remained active in the company. He graduated from Hickman high school and later entered the University of Mississippi. He created Walmart believed that leadership is done through service. His net worth is $100 Billion.
Sam Walton was born March 29,1918. In 1932, Sam Walton was formerly named the youngest Eagle Scout in Missouri state history. Sam Walton graduated from Hickman High School in 1936. Sam Walton graduated from the University of Missouri in 1940 obtaining a bachelor's degree in Economics. Sam Walton joined the army in 1942 …show more content…

He started this business believing in working harder than anyone. He treated the people as partners. He agreed that all people liked to be told how much somebody appreciates what they do. He believed you must listen to your associates. He thought you can make a lot of different mistakes and still recover if you run an efficient operation.
Sam’s marketing strategy focus on the common people to buy almost anything they need at low prices. Majority of people are not rich, so they can not spend a lot of money so buying necessities at low prices is beneficial for them. They sell toys to children. All things needed are there so they almost monopolize all people for all they require.
Sam has donated to many charities. He has donated to food banks all around the world. Sam donated to many women empowering organization. The money donated goes to help cure life threatening diseases. Sam donated to many charities and organizations that provide major help all over the

Show More
Related

  • Andrew Carnegie Vs. Sam Walton

    907 Words  | 2 Pages

    Sam Walton was born on March 29, 1918 to Thomas Gibson and Nancy Lee Walton near Kingfisher, Oklahoma. They lived on a small farm but when that was proven non-profitable they moved out of Oklahoma to many towns across Missouri. Sam Walton was the starting quarterback for his football team and was an honors student. He attended the University of Missouri, where he majored in Economics. After a few setbacks Sam decided he wanted to own his own department store. His dream came a reality in the fall of 1945 when he purchased a store in Newport, Missouri with the help of his father-in-law.

    Read More

  • The Signs Of Shopping By Steve Mckeevitt Summary

    1222 Words  | 3 Pages

    Consumers become more interested in what brand they buy, and that what they want does not reflect their needs. While there are different products having the same features, people are still giving attention to the brands’ name. When people go shopping at the mall, they do care how the stores present their commodities, which brands use to target their consumers, especially women, and teenagers because they spend more time at the mall, so they are more likely to spend money on useless features’ commodities. Shopping at home, the salesperson explains the features of the product so that another will offer to buy it. Also, at home is the easiest way to buy useless

    Read More

  • Is Wal-Mart Bad For America?

    1169 Words  | 3 Pages

    Wal-Mart was conceived and founded by Sam Walton in 1962, at Rogers, Arkansas. Sam Walton started with just a few small variety stores, funded with borrowed money. His goal was to provide affordable products to the public to make life easier. After his success with the first few stores, Sam Walton borrowed more money to build more stores, creating the Wal-Mart empire as we see it today. The retail giant proves its stoic presence in our lives with its $401 billion sales for fiscal year 2009.

    Read More

  • 'Sam Walton And Gregory Mantsios's Class In America-2009'

    618 Words  | 2 Pages

    In the biographical sketches, "Sam Walton /Jay-Z" writer George Packer summarizes how both these individual rose to fame, acknowledging their accomplishment, although there was a dark path to obtain it. Comparably, "Serving in Florida" Barbara Ehrenreich, details through her experiment, that living on minimum wage is a hazel and involves sacrifices and challenges to ultimately succeed and survive. Similarly, in the article "Class in America-2009" writer Gregory Mantsios answered the many myths that evoke the American Dream, to help us as avoid the horrifying truth in America; there is no American Dream. Indeed, although these writers present a distinctive scenario of individuals trying to obtain the American dream, all these writers portray that the American dream is not as simple as it is said.

    Read More

  • Is Walmart Good Or Bad For Health And Social Care?

    1724 Words  | 4 Pages

    This is a good question. Walmart started as a small five and dime in the city of Bentonville, Arkansas by a man named Sam Walton. After a great success Sam and his wife Helen moved to Rogers, Arkansas where he opened his very first Walmart. He had some retailing experience after his time in the war and he chose Bentonville for the hunting season and because his wife wanted to live in a small town. His ideas of not pocketing extra cash from manufacturers, but rather giving deals to customers and trying to make profit off of how much he sold, changed the way retailers make money in America. Sam had a cheap mindset, not only for his customers, but for himself. Even when he became the richest man in America he continued to get his hair done for

    Read More

  • Data Analysis Of Wal-Mart Stores Inc.

    1853 Words  | 4 Pages

    Wal-Mart initially began its operations in 1945, when Sam Walton leased a ‘Ben Franklin’ franchise variety store in Newport, Arkansas. After relocating to Rogers, Arkansas in the early 1950s, Sam Walton’s ‘Ben Franklin’ became ‘Walton’s 5 & 10’. By 1962, Walton found himself the chain owner of 11 different Walton’s stores across Arkansas. He then decided to rename the chain ‘Wal-Mart’, after himself. On October 31, 1969, after further expansion across the state, the chain was incorporated as Wal-Mart Stores, Inc. Three years later, Wal-Mart was approved and listed on the New York Stock Exchange (NYSE).

    Read More

  • Sustainability And Sustainability Of Walmart

    1278 Words  | 3 Pages

    Sam Walton was born in 1918 in Kingfisher, Oklahoma. In 1942, at the age of 24, he joined the military. He married Helen Robson in 1943. When his military service ended in 1945, Sam and Helen moved to Iowa and then to Newport, Arkansas. During this time, Sam gained early retail experience, eventually operating his own variety store. He opened the first Walmart in 1962 at the age of 44 in Rogers, Arkansas. His competitors thought his idea that a successful business could be built around offering lower prices and great service would never work. As it turned out, the company 's success exceeded even Sam 's expectations. By 1990, Walmart was the nation 's number-one retailer. As the Walmart Supercenter redefined convenience and one-stop shopping,

    Read More

  • CEO of Chrysler: Sergio Marchionne

    685 Words  | 2 Pages

    ...and his passion for the car industry to merge two car companies together in order for them to benefit from each other at a precise time in the market when he was able to be successful. He understood the problems the company faced, the demand in the market, and he had a clear vision on how to solve it. He gave himself timelines and goals and each were met with great success.

    Read More

  • Wal Mart and Target Case Study

    1124 Words  | 3 Pages

    Wal-Mart was established in 1962 by Sam Walton. The first Wal-Mart store was built in Rogers, Arkansas. Wal-Mart's were gradually put up around the United States and then moving to other countries such as Japan.

    Read More

  • The Pros and Cons of Wal-Mart

    1650 Words  | 4 Pages

    Though Walton was rather successful in his business ventures, he couldn’t afford graduate school, specifically the Wharton School of Finance, and instead accepted a job at JC Penny as a management trainee; Walton’s first retail job, where he worked for little over a year. After serving in the second world war, Walton, under slight regulation from his wife, opened up a Ben Franklin variety store in the small town of Newport, Arkansas. Owning a retail store at the age of twenty-seven taught ...

    Read More

  • Essay On Why Walmart Is Bad

    752 Words  | 2 Pages

    The first Walmart was opened in Rogers, Arkansas in the year 1962 by a 44-year-old man by the name of Sam Walton. When he first envisioned Walmart, Walton believed that a successful business could be built around offering lower prices and great service. Despite his retail rivals laughing at his supposedly unsustainable business model, the company became hugely successful, and its success exceeded even Walton's expectations. The company went public in 1970, and the proceeds financed a steady expansion of the business. Today, Walmart is the largest retailer in the world, as it has 8,500 stores spread across 15 countries and annual revenues of $400 billion dollars. Moreover, Walmart is the

    Read More

  • Wal-Mart's Argumentative Essay

    1214 Words  | 3 Pages

    Few companies create as much controversy as Wal-Mart has done with its approach to maintaining high profits with low costs. Individuals either love or hate Wal-Mart. There are consumers who like the low prices and convenience of shopping at Wal-Mart. Supporters of Wal-Mart also laud the fact that the company creates multiple jobs for not just the individuals who are employed within the stores but also those who create the products that are sold in the stores. Critics of Wal-Mart have issues with the treatment of those individuals who work at Wal-Mart. Wal-Mart has a poor track record when it comes to Fair Labor Practices by giving low wages, bad healthcare coverage, and treats employees. Low wages, no benefits, irregular schedules, and unreliable hours are just some of the horrible working conditions most Walmart workers have to endure.

    Read More

  • Wal-Mart Dominating Global Retail

    1496 Words  | 3 Pages

    The Wal-mart is the largest retail chain in United States and in the world. The wal-mart was founded in the year 1962 by Mr Sam Walton. It was originally named as Wal-Mart discount city in Rogers, Arkansas. At the time when the Wal-Mart stores started in the year 1962 it was focused only in small rural cites and town which had a population of 5000 to 25000. It was soon increased to 18 stores in 1969. In the next 30 years it had more than 4750 stores across 50 states in USA and 9 countries with $245 billion sales. It started its international operations in Mexico in the year 1991 and then it expanded it to different countries across Europe and Asia.

    Read More

  • Walmart Essay

    893 Words  | 2 Pages

    Few companies create such controversy as Walmart has done with its approach to maintaining low costs for everyday items. People either love Walmart because of this approach to keeping prices down or hate it due to the effects it has on the economy. There are a lot of arguments surrounding the minimum wage and employee rights at Walmart. There seems to always be a news article about some employee protest about the wages or how they are treated. Walmart is viewed as an enormous firm that does not take care of its employees because of its minimum wage, treatment of its employees, and how it deals with lawsuits.

    Read More

  • Smart Shoppers Essay

    754 Words  | 2 Pages

    Everyone likes shopping, but everyone has their own way of spending when they go shopping. I love shopping, but I hate being at the mall, if I don’t need to be there then I won’t be there. I’ve noticed that when I have money, I do not buy anything, and when I do not have money I want everything I see. From my experience I’ve observed that there are people who shop smart, people who are just plain addicted to shopping, people who join another person while shopping, basically called window watchers.

    Read More

More about Sam Walton Essay

Open Document