Sunday, January 5, 2020
Sam Walton and Wal-Mart Essay - 2021 Words
Sam Walton and Wal-Mart Sam Walton was born on March 29, 1918 to Thomas Gibson and Nancy Lee Walton near Kingfisher, Oklahoma. In Oklahoma, they owned and lived on a farm until 1923. The Waltons then decided that the farm was not profitable enough to raise a family on. So, Sam and James (Sams younger brother born in 1921) dad decided he would go back to being a Farm Loan Appraiser. Once this job started the Walton family moved out of Oklahoma and moved from town to town in Missouri. This would traumatize most children but for the Walton boys though it was no big deal. This could be seen when Sam was in 8th grade at Shelbina he became the youngest boy in the states history to become an Eagle Scout and this was only a start of hisâ⬠¦show more contentâ⬠¦While accomplishing all this he was also in the National Honor Society. When Sam Walton graduated in 1940 he was voted the permanent President of his class. Three days after graduation he entered the retail world working at JcPenneys in Des Moines, Iowa as a management trainee earning a salary of $75.00 a month. As Sam grew up and anyone could see how determined he was to succeed and as time passed he went from being a poor town boy to the richest man in the world. He gained experience at Penneys but in early 1942 Walton resigned to wait to be inducted into the military services for World War II. While waiting, Sam took a job in a Du Pont munitions plant near Tulsa, Oklahoma. While working and living near Tulsa, Sam met his future wife Helen Robson. She lived in a little town called Claremore where she attended Claremore High School and graduated valedictorian of her class and went on to attend college at the University of Oklahoma at Norman and graduated with a degree in business. They met in April of 1942 and were married on February 14, 1943. In 1944 they had their first son, Samuel Robson (Rob), John Thomas was born in 1946, James Carr (Jim), born in 1948, and Alice born in 1949. Her father was L.S. Robson, a prosperous banker and rancher who would go on to help Sam start his first store . Soon after they were married, Sam went to serve in the US Army intelligence corps in the continental UnitedShow MoreRelatedEnthusiastic and Ruthless Sam Walton: Founder of Wal-Mart587 Words à |à 2 PagesSam 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. WaltonRead MoreWal Marts Cost Of Convenience1212 Words à |à 5 PagesWhen one considers Wal-Mart, their initial thoughts are usually not very distasteful, and convenience is quick to come to mind. Convenience should be considered a four-letter word for most corporations since the cost of co nvenience is so much that it does not take a world-class poker player to know the odds of coming out ahead are zilch. In order to make convenience a profitable business, Wal-Mart has to hide the shortcuts behind the faà §ade of convenience. Once we get passed the faced that allowsRead More The Influence of Sam Walton on the Retail Industry 1202 Words à |à 5 PagesSam 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. 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Graduating from the University of Missouri, Sam enlisted in the Army for the World War II effort. Upon his return, Sam worked for a while at the J.C. Penney group of stores. He began to realize that opportunities existed in the large scale discount retailing business (nickel and dime stores). The idea and business philosophy of Wal-Mart borrowed from the nickel and dime stores of earlier timesRead MoreMgt/330 Wal-Mart Organizational Paper1102 Words à |à 5 PagesWal-Mart Organizing Paper Ian Ericson MGT/330 February 19, 2013 David Ball Wal-Mart Organizing Paper Business economy today has seen vast amounts of businesses fail. However, Wal-Mart Corporation is standing and increases their revenue yearly. In 2009 alone, Wal-Mart generated approximately $404 billion dollars in revenue. That type of success only proves that the organization has everything in order to keep on the track of success. 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Founder of the billion dollar industry, Sam Walton, did expect success from his endeavor, but no one could have foreseen just how influential the retail store would be. Wal-Mart is an astonishingly successful business with humbleRead MoreWal Marts Impact On The World1318 Words à |à 6 PagesIn 1945, Sam Walton opened his first variety store and in 1962, he opened his first Wal-Mart Discount City in Rogers, Arkansas. Now, Wal-Mart is expected to exceed ââ¬Å"$200 billion a year in sales by 2002 (with current figures of) more than 100 million shoppers a weekâ⬠¦(and as of 1999) it became the first (private-sector) company in the world to have more than one million employees.â⬠Why? One reason is that Wal-Mart has continued ââ¬Å"to lead the way in adopting cutting-edge technology to track how peopleRead MoreWalmart Case Analysis1680 Words à |à 7 Pages Analysis of the issues: Personnel In order to understand Wal-Martââ¬â¢s history and view towards its associates, one has to look at its roots and the policies that were instituted by Sam Walton in their early years. Sam Walton started Wal-Mart at the age of 44 and approached the management of the company like a store manager would. Sam Walton micro-managed his stores and placed profit and growth above everything. In the 1960ââ¬â¢s American South mechanization
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