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• In 1945 Sam Walton opened the first Ben Franklin franchise in Newport Arkansas and operated them with his wife, Helen and brother, Bud. • Location: Bentonville, a backwater in Arkansas, “a state where chickens outnumber people”. • These were small chains that were very successful. • Sam Walton opened the first store in 1962 in Rogers, Arkansas. • Within 5 years there were 25 Wal-Mart stores earning a total revenue of $12.6 million in sales.
482 stores in 14 countries as of Oct 31.3 M Biggest private sector employer in the world In 2005 Wal-Mart incorporated sustainability in it`s business under their CEO H Lee Scott Jr. Carrefour 5.3 million people working by now. Four times as big as #2 Retailer. . 2005 Second-largest Company after ExxonMobil ($298B) Workforce: 1.HISTORY • • • • • • • • In 1972 Wal-Mart was listed in the NYSE. 1.
Upon graduating.SAM WALTON EARLY LIFE • Sam Walton was born on 1918 in Kingfisher. In addition. Walton had numerous chores to help make financial ends meet for his family as was common at the time. Oklahoma • Growing up during the Great Depression. • He would deliver newspapers on a paper route. he was voted "Most Versatile Boy" . he also sold magazine subscriptions.
Walton decided to attend college. the well-known secret society on campus honoring the top senior men. he was voted "permanent president" of the class. . • He was also tapped by QEBH. He attended the University of Missouri as an ROTC cadet. including waiting tables in exchange for meals. • • During this time. Upon graduating in 1940 with a B. he worked various odd jobs.A in economics. hoping to find a better way to help support his family.• After high school.
Before he bought the Bentonville store.000 in sales annually . Walton took over management of his first variety store at the age of 26.• In 1945. after leaving the military. it was doing $72. • Later he bought Bentonville store. and 5 years under Walton.000 loan from his father-inlaw. Walton purchased a Ben Franklin variety store in Newport.000 he had saved from his time in the Army. • With the help of a $20.000 in sales. plus $5. Arkansas. it was doing $250. After the expansion. The store was a franchise of the Butler Brothers chain.
.• Walton joined JC Penney as a management trainee in Des Moines. •Walton joined the military in the U.S. This position earned him $75 a month. Utah. Iowa three days after graduating from college. Army Intelligence Corps. • In this position he served at Fort Douglas in Salt Lake City. He eventually reached the rank of captain. supervising security at aircraft plants and prisoner of war camps. •He resigned in 1942 in anticipation of being inducted into the military for service in World War II.
father-in-law.“ . and brother-in-law. he opened a store with his brother James "Bud" Walton in a shopping center in Ruskin Heights. a suburb of Kansas City. • • Walton decided to concentrate on the retail business instead of the shopping centers and opened larger stores which were called "Walton's Family Center.• Walton went on to open more Ben Franklin Stores with the help of his brother. In 1954.
•1987 2 new concept implemented Hypermarkets. 1962 in Bentonville. It was called the Wal-Mart Discount City store .• The first true Wal-Mart opened on July 2. Arkansas. which sell everything including food Supercenters which are scaled down supermarkets .
Stick to fundamental values Sam Walton had simple values that guided him through his life and business.Leadership Lessons 1. Similarly. or the next idea about how leadership should be done. . He was solidly living his life by the values that he grew up with. as a leader building a team or an organization. nor did he believe in any of the get-rich-quick ideas. He didn’t follow the latest management fad. you need to get away from all the ‘noise’ about the latest management framework.
you’ll be successful. . The thing is. But Sam Walton had one focus: retail and so should you. you’ll be running from one business opportunity to another. Don’t follow the money. without any focus. and you’ll become a leader in that field. follow your passion Sam Walton didn’t start off his variety stores with an ambition to become rich he simply had a passion for his craft and at each point in time.2. in whatever craft you do. if you follow the money. no matter what is it. he only wanted to do it better and better. When you follow your passion.
He treated them as associates of the business and wanted them to enjoy part of Wal-mart’s success. . Take care of your people Sam Walton took extremely good care of his employees and he gave very employee a chance to become successful with him by allowing them to purchase stock options of Wal-mart at a discount.3.
VISION STATEMENT “BE THE WORLD WIDE LEADER IN RETAIL” .
Always” If they have formal mission statement than it would be “To provide quality product at everyday low price and with extended Customer Service” . They have a slogan “Always low prices.MISSION STATEMENT They don’t have any official mission statement.
DIVISIONS OF WAL MART • • • • • • McLane’s Neighborhood Markets International Sam’s Club Supercenters Distribution Centers .
SWOT ANALYSIS .
The company employs 1.STRENGHTS • Wal-Mart Stores.570 units.6million associates worldwide through more than 3. with $256. 31. Inc.2004.600 facilities in the United States and more than 1.3 billion in sales in the fiscal year ending Jan. is the world's largest retailer. • Powerful Retail Brand • Information technology & data sharing • Financial Position • Supply chain & logistics capabilities • Leadership Consistency .
but has a presence in relatively few countries Worldwide.WEAKNESS • No Mission Statement • The company is global. • Misconception among people. • Criticisms . • Carry large Inventory.
OPPORTUNITIES • Take over and Mergers • Untapped Asian markets • New locations .
THREATS • Competition: locally and globally. • Political problems • Intense price competition .
only even better this time. do it all over again.” . cause they are.” “I had to pick myself up and get on with it.Best Quotes from Sam Walton Leadership “We're all working together. vision is.” “High expectations are the key to everything.” “Capital isn't scarce.” “We let folks know we're interested in them and that they're vital to us. that's the secret.