The Walmart way is a great book that focuses on the startup of a once small business created by Sam Walton. This book focuses on the importance of staying focused to reach your goals yet staying true to your beliefs. Sam Walton created this empire that now has over 400 billion dollars in sales a year; it was once a small business located in Bentonville, Arkansas. Management plays a big role in businesses but especially Walmart, where they invest in their employees or as they like to be called associates the importance of keeping the customer happy yet working together as a team to make customers feel special when walking into the store. This book isn’t just about the success and creation of Wal-Mart but how they got there by
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In the 1960’s, Sam Walton started up his own store in Bentonville, Arkansas and it was quite successful. He was still not entirely satisfied, he still had that dream to convert his small business into a huge enterprise to give the people a great shopping experience as if they lived in the big city. Sam also wanted to give back to the people in a way that would make them feel happy, and that way was to make his merchandise more affordable to the people. In order to do that he had to ask his supplier, Ben Franklin, to share the same vision that Sam had. Ben Franklin was happy how things were going, both entrepreneurs were making great profits. Sam Walton one day called Ben Franklin to …show more content…
Sam Walton, followed his vision and ran with it, during the 1970’s Wal-Mart was growing fast, having over 44 million dollars in sales annually. They were competing with Sears, JC penny’s, and K-Mart. As you can remember, Sears was the number one store beating all the stores in annual sales in the billions. Sam Walton was not finished, he had a new vision. A vision that would later turn into one of the biggest money makers in the United States and international. Sam always took managers from local stores and flew them out to walk into competitor stores. He would always walk around the stores and look at what they were doing that was working well instead of what they were doing bad. Sam had walked into a ware house that was not appealing from the outside, the floors were concrete and the ceilings were covered in pipes just like a warehouse. He thought it was a brilliant idea to charge for a membership but yet get a low price and more for your money. He figured this was a great idea for small businesses. Sam’s club became a huge hit; you can buy bulk foods or brand new televisions for a lower price. The vision was not over, Sam Walton started to gather his managers from Wal-Marts from all over and flying daily to new cities to discover a new generation of super
In the 1960’s, Sam Walton started up his own store in Bentonville, Arkansas and it was quite successful. He was still not entirely satisfied, he still had that dream to convert his small business into a huge enterprise to give the people a great shopping experience as if they lived in the big city. Sam also wanted to give back to the people in a way that would make them feel happy, and that way was to make his merchandise more affordable to the people. In order to do that he had to ask his supplier, Ben Franklin, to share the same vision that Sam had. Ben Franklin was happy how things were going, both entrepreneurs were making great profits. Sam Walton one day called Ben Franklin to …show more content…
Sam Walton, followed his vision and ran with it, during the 1970’s Wal-Mart was growing fast, having over 44 million dollars in sales annually. They were competing with Sears, JC penny’s, and K-Mart. As you can remember, Sears was the number one store beating all the stores in annual sales in the billions. Sam Walton was not finished, he had a new vision. A vision that would later turn into one of the biggest money makers in the United States and international. Sam always took managers from local stores and flew them out to walk into competitor stores. He would always walk around the stores and look at what they were doing that was working well instead of what they were doing bad. Sam had walked into a ware house that was not appealing from the outside, the floors were concrete and the ceilings were covered in pipes just like a warehouse. He thought it was a brilliant idea to charge for a membership but yet get a low price and more for your money. He figured this was a great idea for small businesses. Sam’s club became a huge hit; you can buy bulk foods or brand new televisions for a lower price. The vision was not over, Sam Walton started to gather his managers from Wal-Marts from all over and flying daily to new cities to discover a new generation of super