The story of a department-store trainee who became the richest man in America and owner of the biggest retail store in the world: Walmart. Sam Walton used the money he earned in the army, along with some financial help from his family, to open his first store. Then he opened fourteen more. Then Sam had an even bigger idea. He wanted to build large stores in small towns and reduce the price of everything they stocked. Although other businessmen and potential partners laughed at him, this entrepreneur with humble beginnings used his resourcefulness to create Walmart, which would become the largest company in the world.
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Praise for WHAT I LEARNED FROM SAM WALTON "Michael Bergdahl’s book presents unique insights into the staggering international success of Wal-Mart. Throughout the pages of this book, you can almost hear Sam Walton himself coaching and inspiring his legion of employees to greatness." –Tracy Mullin, President and CEO, National Retail Federation "Retailers, non-retailers, manufacturers, and suppliers will enjoy Bergdahl’s insights into Wal-Mart’s service culture and its leadership icon, Sam Walton." –Roger J. Dow, SVP Global and Field Sales, Marriott International, Inc. "Mike Bergdahl, in his book, What I Learned from Sam Walton: How to Compete and Thrive in a Wal-Mart World, has provided a complete digest and compilation of the various objectives, tactics, policies, procedures, mindsets, and culture used by the world’s largest retailer. This book offers any business person the opportunity to assess and evaluate the effort, drive, and commitment, one must have to effectively and profitably compete at retail today against a formidable and predatory competitor. The insights, strategies, and steps presented are a career of observations in successful marketing, business efficiency, human resource management, and customer focus. All retailers today, face the challege of becoming and maintaining relevant to the consumer today. This book offers clear and concise suggestions on what has been done by Wal-Mart and what could, and may be done by all other retailers seeking to become alternative shopping experiences for the consumer." –J.H. Campbell Jr., President/CEO, Associated Grocers, Inc., Baton Rouge, Louisiana past chairman of the Board of Directors, National Grocers Association Bergdahl outlines his competitive strategy with the acronym P.O.C.K.E.T.S. P – Price: Don’t try to compete on price; differentiate your product selection. O – Operations: Break the retail "ready, shoot, aim" tactical orientation by developing an actual strategy to compete. C – Culture: Build a can-do culture with a strong sense of urgency. Communicate your values and beliefs over and over again to your employees. K – Key Item Promotion/Product: Determine who you are and uniformly communicate your brand message to your entire team. E – Expenses: Become obsessed about controlling costs. T – Talent: Recruit constantly and hire people who have both experience and high potential. S – Service: Never take your customer for granted. Empower your employees to make decisions involving customer concerns.
Meet a genuine American folk hero cut from the homespun cloth of America's heartland: Sam Walton, who parlayed a single dime store in a hardscrabble cotton town into Wal-Mart, the largest retailer in the world. The undisputed merchant king of the late twentieth century, Sam never lost the common touch. Here, finally, inimitable words. Genuinely modest, but always sure if his ambitions and achievements. Sam shares his thinking in a candid, straight-from-the-shoulder style. In a story rich with anecdotes and the "rules of the road" of both Main Street and Wall Street, Sam Walton chronicles the inspiration, heart, and optimism that propelled him to lasso the American Dream.
Praise for The 10 Rules Of Sam Walton "The 10 Rules of Sam Walton is one of those books that should be read and regularly reread by . . . everyone-business-people, students, teachers, parents, and children. It transcends the limits of a traditional book about lessons in business and makes it a book about life and about successful living!" —J. K. Knapp III, former Wal-Mart store manager,current manufacturer and supplier to Wal-Mart As founder of Wal-Mart and its many successful divisions, Sam Walton reinvented the retailing industry through his singularity of focus, high expectations, and never-say-die attitude. During his successful career, Sam Walton developed a list of what he considered the most important rules for entrepreneurial success. As far as he was concerned, there were ten key result areas that he considered pivotal to his own success. Now, in The 10 Rules of Sam Walton, author and former Wal-Mart employee Michael Bergdahl reveals these rules-and the stories behind them-to help you achieve success in both your professional and personal lives. Straightforward and to the point, this book offers valuable lessons that Walton himself followed, and taught, throughout his lifetime-from Rule #1: "Be passionately committed to achieving success" to Rule # 10: "Be different and challenge the status quo." Whether you're an entrepreneur or an hourly paid employee, The 10 Rules of Sam Walton will provide you with a blueprint for success that has proven itself time and again.
A biography of Wal-Mart founder Sam Walton, whose idea that he would get the best deals he could on merchandise and pass those savings on to the customer led to his becoming the richest man in America.
Wal-Mart's mighty presence is no longer restricted to America. To the alarm of the UK retail sector, June 1999 saw Wal-Mart devour Asda. And given Wal-Mart's track record in the rest of the world, such alarm is well-founded. For instance, within seven years of Wal-Mart invading Canada and Mexico it became the largest retailer in both countries. It took less than two years for it to become the fourth largest retailer in Germany, while France and several Scandinavian countries now look destined for Wal-Mart's shopping basket. In Sam We Trust offers an exhaustive in-depth investigation into this powerful retailing empire. Bob Ortega, The Wall Street Journal's authority on Wal-Mart, goes beyond the headlines and Sam Walton's carefully crafted public image to reveal the ruthless penny-pinching manipulator behind the visionary genius. He also provides an illuminating history of retailing that includes case studies of such important Wal-Mart competitors as Sears, J.C. Penny, Price Clubs and, of course, Kmart. In Sam We Trust describes in detail not only how Wal-Mart became what it is, but also how it works today. In this new edition, Bob Ortega brings us up to date with Wal-Mart's worldwide shopping spree and gives us a unique peep behind the doors of the Asda deal and its likely impact on British retailing, shoppers and communities. In Sam We Trust provides a fascinating context for current developments: Ortega's incisive analysis of Sam Walton's controversial rise to power and the creation of the world's most successful retail business makes for a shocking yet compelling read.
This biography examines the remarkable life of Sam Walton using easy-to-read, compelling text. Through striking black-and-white images and rich color photographs, readers will learn about Walton�s family background, childhood, education, and entrepreneurial work as the founder of Walmart and Sam�s Club. Informative sidebars enhance and support the text. Features include a table of contents, timeline, facts page, glossary, bibliography, and an index. Aligned to Common Core Standards and correlated to state standards. Essential Library is an imprint of ABDO Publishing Company.
Sam Walton is best known for founding the retail chains of Walmart and Sam’s Club. Founded in 1962, Walmart continued to expand internationally for the next 30 years and by the year 2010, it had become the largest company in the world. Walton had already stepped down as the CEO of Walmart in 1988 when he was 70 years old. However, he continued to be involved in the affairs of the company until the day he died on the 5th of April, 1992 at the age of 74 due to cancer. Even though Sam Walton died more than 15 years ago, his life, his story, and his teachings about how to succeed in the business world continue to inspire many start-up entrepreneurs. He made Walmart one of the biggest retail chains around the world and, even after his death, it continues to be at the top. This book is an attempt to look at his life and his philosophy about succeeding as an entrepreneur in the retail business.
Presents the rags-to-riches tale of billionaire Sam Walton, founder of the discount chain Wal-Mart and America's richest man, as a study in old-fashioned values such as honesty and hard work