OPPapers.com Essay Index >> Business >> Sam Walton
We have many free term papers and essays on Sam Walton. We also have a wide variety of research papers and book reports available to you for free. You can browse our collection of term papers or use our search engine.
Sam Walton. There were several characteristics of Sam Walton that enabled
him to be successful in his life and business dealings. ...
Sam Walton. There were several characteristics of Sam Walton that enabled
him to be successful in his life and business dealings. ...
Sam Walton an Entrprenuer. Businessman Samuel Moore Walton ... urban areas. Sam
Walton died on April 5, 1992 at 74 years of age. He left ...
Sam Walton, Made in America, My Story. Sam Walton ... to succeed. This was evident
in his book Sam Walton, Made in America, My Story. ...
Sam Walton. ... When Sam Walton opened his first Wal-Mart Store in 1962, it marked the
beginning of an American success story that no one could have predicted. ...
Submitted by bsdickey2002 on April 5, 2008
Category: Business
Words: 1865 | Pages: 8
Views: 65
Popularity Rank: 87,815
Average Member Grade: N/A (Add a Comment / Grade this Paper)
Sam Walton, the retailing maverick and founder of the now largest company in the world, started his career with a small investment, a small loan from his family and a lot of determination.
Walton had a dream to grow his small discount store, Wal-Mart, at a relentless pace that would increase his sales high enough that he could drive all costs out of merchandising. Walton believed that finding costs wherever they lay – in the stores, in the manufacturers’ profit margins and with the middleman – and eliminating them, he could drive the prices of his goods down and make Wal-Mart a competitive force in discounting (Huey, par.4).
Walton, through his vision, determination, ability to motivate people and to build a culture within his organization in line with his ideals, has secured himself a title of one of the greatest business leaders of all time.
SAM: THE MAN
Samuel Moore Walton was born March 29, 1918 in Kingfisher, Oklahoma. He later moved to Missouri where he attended and was elected the class president at the University of Missouri. To pay the tuition bill, he worked as a lifeguard, waiter, and maintained a newspaper delivery route of one hundred sixty customers (Kennon, par. 4). After graduation he aspired to attend graduate school, but found he couldn’t afford it and instead took a position with J.C. Penny in their management trainee program.
The seeds of Wal-Mart were planted in the Ben Franklin variety store chain (Friedman, par. 9). Walton opened a Ben Franklin franchise store in Newport, Arkansas in 1945. He quickly grew it to become the top performing Ben Franklin franchise with $250,000 in sales. When his lease was up in 1950, it had become so successful that his landlord, P.K. Holmes thought running a retail store must be a piece of cake (Friedman, par. 10). He refused to renew Walton’s lease forcing Walton to turn the business over to him.
Walton didn’t relinquish his franchise...
You must Login to view the entire paper.
If you are not a member yet, Sign Up for free!