Essay about Founding Leaders Leadership

1595 Words Dec 23rd, 2012 7 Pages
Founding Leaders Leadership

Contemporary Business

Thomas Middleton

Dr. Dingman

BUS 508

April 19, 2012

Profit Oriented

Sam Walton was born in Springfield Missouri during the great depression to Thomas Gibson Walton and Nan Walton. At an early age he had understand the value of a dollar, because during he great depression the kids in the house hold also had to provide what they could to the family income, which Sam did buy delivering newspapers. Sam Walton delivered newspapers from the time he was 5 until he graduated college. The four major influences in his life were, his mother whom educated them and stressed education to their children in-order for them to
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When Sam Walton launches Wal-Mart he right away establishes the Walton culture, which was key to the success of Wal-Mart. Sam Walton did this by gathering several hundred of his executives, managers, and associates together every Saturday morning at seven-thirty to talk business. The meeting would begin by having the chairman of the board calling the Hogs, which is the Arkansas’s Razorback cheer. “Sam Walton built a corporate culture of a “whistle while you work” philosophy that has been a pillar to the success of Wal-Mart to this day.” How Wal-Mart became such a large retailer was by adopting a growth strategy that was born out of necessity, which was to put discount stores into little towns that all the big retailers like K-mart were ignoring. “So when people want to simplify the Wal-Mart story, that’s usually how they sum up the secret to their success, saying they went to the rural towns that no other retailer would go.” Pg.210 Sam Walton ability to lead his Wal-Mart empire by thinking outside the box is a strategy that has not made Wal-mart the most successful retailer in US history, but throughout the world. In concluding Sam Walton was probably generations a head of his time when looking

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