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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