Famous Thinkers Essay

1103 Words Oct 9th, 2012 5 Pages
Famous Thinkers Paper
Jesse Alderete
PHL/458
October 11, 2011
Lara Calo

Samuel Moore Walton, founder of Wal-Mart, had a vision for success in the early inception of discount retail stores. Early in his childhood, Sam learned the value of hard work. He helped his family during the depression by delivering newspapers and helping his mom with a small milk business. Despite being poor, he went on to finish high school and graduated with a degree in economics from the University of Missouri. Sam Walton had a dream to own his own retail store. Not only did he make that dream come true but also before his death in 1992, Wal-Mart reached the “Nations Largest Retailer” status with 1700 retail outlets (Johnson, 2001). Sam Walton
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He learned at an early age to be frugal and helped his family raise money by delivering newspapers. In high school, he was President of the Student Body and a member of the Honor Society. When he graduated from high school, he was voted the “Most Versatile Boy” in class (Walton, 1992). At the University of Missouri, his senior year he was voted permanent President of his class. In March of 1992, he received the Medal of Freedom from President George Bush (Walton, 1992). Sam never forgot his childhood and continued to be frugal in his business. Even though he became rich, he did not spend his money foolishly. It was not until Wal-Mart had gone over $40 billion in sales and expanded as far away as California and Maine did they buy their first jet (Walton, 1992).
The problem or issues that their ideas sought to solve From the very beginning, Sam has a problem with working for another company but wanting his own business. He was very creative in running the franchise but learned he did not own the building. Early in his career, he did not have the money to invest in his own store. Even after he acquired his own stores, he needed to buy merchandise at a cheaper price. Once he had the merchandise, he needed larger stores to sell his product. This lead

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