Sam Walton : Made in America My Story

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Sam Walton encourages his people to care about Walmart by sharing the success. Early store managers, company executives and even regular employees are rewarded when Walmart does well. Conclusion

The entrepreneur used several marketing tactics and dedicated himself to looking for goods at very affordable prices. With that in hand, the store flourished; In the corporate culture of Walmart, the result of its beginning in small cities, some basic principles stand out: Frugality

What do critics say?

As an old-time small-town merchant, I can tell you that nobody has more love for the heyday of the smalltown retailing era than I do. That’s one of the reasons we chose to put our little Wal-Mart museum on the square in Bentonville. It’s in the old Walton’s Five and Dime building, and it tries to capture a little bit of the old dime store feel. But I can also tell you this: if we had gotten smug about our early success, and said, “Well, we’re the best merchant in town,” and just kept doing everything exactly the way we were doing it, somebody else would have come along and given our customers what they wanted, and we would be out of business today.”

Confidence of Sam in his success from the times of his childhood... As he said he couldn't even think about failure...

Nobody knows whether they’re about to embark on what might become a billion-dollar empire, not even Sam did, but either way, learning a few lessons from this man can’t hurt.

Discounter stores. In the early 1960’s, a new type of retail store called a discounter store began popping up. The idea was to sell products at cheaper prices, but with a higher volume of sales they still made a lot of profit. Sam Walton saw discounter stores very successful in the northeast US and he knew they would come to Arkansas soon. In "Principles: Life and Work", Ray Dalio explains how dreams, reality, and determination will help you achieve success by making the principles of life and work go together, with an open mind. Finances: He also worked to make his own money throughout school, starting with a newspaper route and later having multiple jobs.In this book Made in America, Sam Walton shares the story of how he did it. This is the autobiography of the Walmart’s founder. He started with one small store in one small town in the middle of the United States. And he grew that into one of the largest businesses ever—Walmart. John Huey is an American journalist with experience in Economics. Graduated from the University of Georgia, he currently works with major publications, such as Fortune, Time, and The Wall Street Journal. Why should I read it? Furthermore, he elaborated that he learned from a very early age that it was important for them as kids to help provide for the home, to be givers rather than takers. Walton realized while serving in the army, that he wanted to go into retailing and to go into business for himself. [11] Sam Walton was always driven, ambitious and hard working. He was a leader in school and worked for his own money. After he opened his first store, he worked 6-7 days per week, starting before 5AM. 3. Daily Evolution: Keep trying new experiments