Sam Walton :: essays research papers

Wal-Mart, the worlds head retail put in wasnt invariably so big. Sam Walton, the develop of Wal-Mart saw the opportunity to open a phone line and later became the Statess richest man. Competing against the biggest argument to date Walton success is still apparent in todays economy with stores all over the world. I cerebrate Sam Walton is the worlds greatest entrepreneur because of his success.At an premature age of 40 Walton had already owned 15 variety stores. As discount stores started opening around towns where his stores, he saw what was in store in the retail industry. On July 2, 1962, at the age of 44, Walton opened his offshoot Wal-Mart store in Rogers, Arkansas. The competition also started that same year with Woolco, Kmart, and channelize opening their doors as well. His main goal while keeping his business alive was to keep the prices as low as possible.Stores began opening wherever Walton saw opportunity to grow. He brought Wal-Mart from his home state as he sp read the stores across others. He ever had a good overtake of the future and could for see that computerized business were the future. In part he traveled to New Yorks IBM school and hired the top student to bring in for him. To this day Wal-Marts database is second only to the Pentagons. With his true sight for increase a strong business, Walton may have been the first computer recovered CEO. For twenty-two years Walton had been an underground growing mega business. Unnoticed by the bulk public he had become the richest man in America. With Forbes magazine determine that his 39% ownership of Wal-Marts stock made him the richest man his name was get by by everyone. As the name Wal-Mart spread around the country and the business grew more money came in and Walton lived his life as he always had, with pickup trucks and a farm instead of limos and mansions. Wal-Mart had remained increase in size because of Waltons drive to bring prices lower and lower. With consumers always look ing for the bargain deal and the sales Wal-Mart never had to have sales because they sell what the have for the lowest possible prices. The concept of supply and fill works perfectly with the way the business is run.