sam walton final

8/2/2019 Sam Walton Final

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Samuel (Sam) Moore Walton

AN UNCOMMON,

COMMON MAN


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History

Born: March 29, 1918 in Kingfisher, Oklahoma.

Met wife while working in Claremore andmarried her on February 14, 1943

Had four children. Died April 5, 1992 of cancer, buried in

Bentonville near Wal-Mart headquarters


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Accomplishments

States youngest Eagle Scout

Richest man in the world 1982 1988, worth $21 -$23 billion at his death

Ranked 2nd, behind Bill Gates, in 1992 when he died

Awarded Medal of Freedom in 1992 Highest honor awarded to a civilian

Recognizes individuals who have made an especiallymeritorious contribution to the American society in some

way.Book :Sam Walton, made in America


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Schooling

Hickman High School on basket ball team and starting quarterback on football

team, went to state in 1935

Honor Student

Junior year: Vice President of Class Senior year: President of Student Body

University of Missouri Major: Economics Zeta Phi chapter of Beta Theta Pi Fraternity

Alpha Kappa Psi (Professional Business Fraternity Graduated in 1940


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Prior Work

Childhood: milked cow, delivered newspapers

College: waiting tables, lifeguarding, anddelivering newspapers

First Job in Retailing: JCPenny in Des Moines,Iowa, management trainee

DuPont munitions plant in Tulsa

US Army Intelligence Corps, supervisedsecurity at aircraft plants and prisoner ofwar camps


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Before He owned Wal-Mart. . .

1945- Bought first department store,a Ben Franklin Five-and-Dimefranchise

1948- could not renew hislease so he bought a newstore in Bentonville, Arkansas,called it Waltons 5 & 10

1952- opened another store in Fayetteville,Arkansas

By early 1960s co-owned 16 stores in 3 states,Arkansas, Missouri and Kansas


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I WILL BLOW IT..!!


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Then Came Wal-Mart

First Wal-Mart opened in

1962 in Rogers, Arkansas.

By 1970, the Walton

Brothers owned 18 Wal-Marts

By 1976, Walton closed ALL his 5 & 10 stores

1991- Wal-Mart became worlds largest

retailer whit a total of 1,700 stores


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Wal-Mart as a Company Sells a wide variety of goods at a low price

Products are bought in large quantities from the lowestpriced wholesaler and savings are passed to the customers

Reflect Waltons belief that Each Wal-Mart

store should reflect the values of its customersand support their vision they hold for theircommunity

Customers are greeted at the door

Gives out a scholarship to a graduating senioreach year

Having many products in one place is convenient

to the customers


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Founders

Attitude determines whether or notcompany succeeds

Make important decisions Funding the company

Selecting advisers and management team

Responsible for making their vision of

the company a reality


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How Sam Walton ImprovedWal-Mart

First to automate inventory process using aUPC barcode

1983- set up a private satellite system totrack deliveries, process credit transactions,and transmit data

Eliminated need for storage in each store.


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Core values

Mr. Sam was a people person who wasdriven by a set of three core values:

1. Respect for people2. Service to customers.3. Strive for excellence.


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10 RULES OF Mr. Sam

Rule 1: Commit to your businesspassion- like a fever

Rule 2: Share your profits with all your associates,and treat them as partners.

behave as a servant leader Rule 3: Motivate your partners.

Don't become too predictable Rule 4: Communicate everything you possibly can to

your partners.Information is power

Rule 5: Appreciate everything your associates do forthe business.

worth a fortune


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Contd.

Rule 6: Celebrate your success.Loosen up, and everybody around you will loosen up Rule 7: Listen to everyone in your company and

figure out ways to get them talking. Rule 8: Exceed your customer's expectations."Satisfaction Guaranteed"

Rule 9: Control your expenses better than your

competition. Rule 10: Swim upstream.

Go the other way


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Called his customers neighbors or guests.

Referred to the managers in his company ascoaches.

Referred to the employees of his company asassociates or business partners.

Fun-loving leadership style.


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never-say-dieattitude.

Goodlistener

COMMONSENSE

POWER OFPOSITIVETHINKING

HARDWORKING SIMPLICITY

INNOVATION

Open-minded


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LEADERSHIP LESSONS

Stick to fundamental values

Dont follow the money, follow yourpassion

Take care of your people


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QUOTES..

We're all working together; that's the secret.

Capital isn't scarce; vision is.


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High expectations are the key toeverything.

he was an ordinary man who accomplished

the truly extraordinary through vision,hard work, and a never- say-die attitude.


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ENTREPRENEUR

ENTERTAINER

PREACHER


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Last words by Sam

I BLEW IT.


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THANK YOU

sam walton final

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