Business

10GoldenRules
LASTUPDATED:APRIL28,2016BYGOPALMISHRA80COMMENTS
Share

120

,
waiter

???
,
industry

company
..

AmericasRichestMan.

RetailCompany Walmart

Sam Walton .
(19181992) modern retail
,

businessmodelfollow

BigBazaar,More,RelianceFresh

stores

Top10

.1982
1988

companies

dollar
.

Related Post: Business

business

.AKC

10Rulesshare

SamWalton:The
RetailKing

Business

10GoldenRules
Rule1:

business

.

passion



.

passion

develop
.

.



,
bestpossible

way

catch

Rule 2: Profit

partnertreat:

employeesasapartnertreat

.
companycontrol

lead .
company
stocks

encourage
retirement

discountedstocks
.

Rule3:Motivateyourpartners.
partnersmotivate
:

ownership

.innovative

partnersmotivate
challenge
.

,competition

manager

switch

.

predictable
,guess


trick.

Rule 4:
partners
communicate

business

care

.care

.
associates

partner
consider

.
,

asoocitesempower

competitor

Rule 5: Associates business

:
Salaryshare

loyalty
.

proudfeel
.,

Rule6:Celebrateyoursuccess.celebrate
:



humour
.

seriously
.
tensionfree

.
.

fail

silly
.

WallStreet
.

competitor

Rule 7:

customer

.TotalQuality
.

responsibilitypush

ideas

associate

Rule8:
customers

:

.
appreciate

.

excuse

WalMartsign

:SatisfactionGuaranteed.

Rule 9:
competition



control

competitiveadvantage

.25
WalMart

retailer


industry
lowestExpensetoSalesratio
No.1

,

operationsefficient.

brilliant

business

inefficient.

Rule10:

.ConventionalWisdom
.

chance

niche

:50,000

towndiscountstoresupport
.