History

Sam Walton established the status of an American businessman who found the most famous retail business chain Wal-Mart stores and Sams Club. His knowledge in business management and experience as a military officer Sam Walton conquered the throne of American retail business. Analyzing the life history of Sam Walton one can find the fact that innovative ideas and concepts about trade help him to create a world famous business kingdom. More than business purposes Walton gave more emphasis on loyalty and cooperation towards both his customers and employers. He used his philosophical ideas to his own brand stores and work hard to assist bring a large variety of product.

 Sam Walton was the follower of one of the richest family named Walton family in America. The online e article entitled Sam Walton Biography helps the reader to understand exact knowledge about Waltons birth. It remarks Walton was born in, 1918, was a product of Depression and a member of the World War II generation. Walton was born in March 29 at Kingfisher in Oklahoma as the son of Thomas Gibson Walton and Nancy Lee Walton.

 As a result of poor performance in agriculture Sams father moved back his previous profession as a loan evaluator in Missouri. During his child hood age Sam had acquired the status that the winner of Eagle Scout Award. Sam had proved his ability in both academic and non academic subjects during his high school at Columbias Hikman High School. When Sam Walton reached in his young age he had forced to do various jobs because of the heavy financial needs of his family. He had worked several jobs such as an exchanger of bottled milk, newspaper seller, and a professional business man in hotel industry. In his childhood age Sam had developed the habits of hardworking and workaholic tendencies in his personal life. Bob Ortega asserts But he clearly implies that his own workaholic tendencies sprang from a childhood need to escape his parents bickering.

It is clear that Sam Walton had kept strong will power and the nature of self reliance in his early youth hood.

After resigning Military service Sam Walton began his married life with Helen Robson in 1943.During the time of service in American Army Intelligence Corps Sam had experienced as a super wiser and a captain and this forced him to quit the military service and open a department store. Walton paved the way for his business journey through buying a Ben Franklin store from Butler Brothers in Arkansas.

Sam Walton had introduced innovative ideas and thoughts in business field and he believed employers cooperation and is the key word of the success in the field of business. Walton followed some valuable business principles in his service. Sam forced his employees that to love their work and trying to perform their best. Walton believed motivation is the best way for encouraging both his partners and employees. Through sharing profits to his partners and associates Walton stabilized the growth of his business field. Effective communication is another rule for construction of successful business. A reader can easily find the truth that Sam Walton always showed his interest in solving various problems of his employees and partners. One of the striking ideologies that Sam Walton followed his profession is his positive attitude towards the customers. The book entitled  The 60 Second Leader Everything You Need to Know about Leadership, in 60 by Phil Dourado provides helpful information about Sam Waltons success. Author comments that Rule 8 Exceed your customers expectations. If you do theyll come back over and over. Give them what they want - and a little more. Let them know you appreciate them. Sam Walton argues that a happy employee destined happy customers and finally more sales. By providing employees a portion of the company and creating their success dependant on the industrys development, employees would look after about the company. These principles constitute sable growth and development in business field and Wal-Mart focused in name brands at low prices. Researchers admit that Sam Walton was a different man who took chances and held in reserve on fighting the chances. Walton kept the status of a perfect leader not a follower in business field. It is clear that all these innovative ideas and fresh management techniques helped Wall-Mart to gain a brilliant start and keep difference from other retail store today.
The concept of self-service was a new concept in the field of retail business. The book entitled What I Learned From Sam Walton How To Compete And Thrive In A Wal-Mart World by Michael Bergdahl comments that Controlling the movement and timing of product delivery to its stores is another way Wall-Mart leverages competitive advantages its economies of scale. Well equipped infrastructure offer comfortable purchasing for the customers and Wall-Mart Company kept the place very clean and fully lighted.

Several great persons of Arkansas are provided their contributions to the U S and the world. Former president Clinton was held the offices of the governor and attorney general of Arkansas State. Last centuries, one of the U S states Arkansas passed through various deep-seated changes. Before the migration of the Europeans there settled indigenous people in Arkansas. In 1836 Arkansas became twenty fifth state of United States, but the progress achieved only in the first half of the twentieth century. The great economic depression which started in 1929 worsened the financial condition of the state. After the Second World War the economic conditions of Arkansas improved, during this time Sam Walton entered with his retail stores. In the journal article entitled Sam Walton Great from the Start lead the readers to reach specific piece of knowledge about the Success of Wal-Mart in Arkansas. In the initial stage Walton accepted the reality that his company failed to reach the status of stable victory like his other stores. Economic and political backgrounds in Arkanss forced him to concentrate retail business. Michael Bergdahl asserts that Mr. Sam realized that once associates got their first profit sharing statement, they understood that feeling of ownership on a personal level and the importance of being a true business partner. Sam Walton established his business kingdom in the depression and through his hard work and innovative business techniques Sam proved his attitude towards business field that will do. Sam Walton purchased a store in Newport in1945 with the help of his father-in-law it was a franchise of the Butler Brothers. With the help of Butler Brothers Sam was keeping his store with variety commodities of low prices.

At present Wall-Mart became one of the largest company in the world and it has given a bigger job opportunities for thousands of people in America. In spite of these business activities Wall-Mart marked its name in the field of charitable movement and service sector. Students of business management report that Sam Walton and his Company consider the poor former students so it provides scholarships to high school graduates from the local school. His company gives good opportunities for the public consequently he pays off with the companys income from public. Sam Walton established number of welfare programs and insurance policies for both employers and associates. In a joint effort with Lumina Foundation Wall Mart Foundation established scholarship program named Dreaamkeepers program for additional community colleges concentrated in Wall-Marts Opportunity areas. The online article entitled Wal-Mart Foundation Donates 500,000 to Support Scholarship Americas Dreamkeepers Program remarks The Dreamkeepers program provided nearly 595,393 to 1,566 students  easing student worries about housing, food, utilities, tuition, books, transportation, child care and medical needs.

Effective medical programs and free medical services constitute maximum success and unity for the company and one can see that the victory of Waltons business craftsmanship.

Sam opened a store in 1954 near Kansas City with the help of his brother, it became financially profitable. Moreover, Sam started bigger stores named as Waltons Family Centre and promised partial partnership to the retail shop managers. Then the managers tried to build up their skill that was achieved the growth of Sam and his business. Sam developed the new world of retail market by means of a better impression among the people. Now more than 600000 staff working in the Wal-Mart retail stores around the world.

Only after seventeen years of business experience, Sam started his first Wal-Mart shop in 1962. By the year 1991 Wal-Mart became the number one retail net work in the world, it consisted of 1700 stores.

New ideals and techniques are widely used by Sam to flourish his business for this he developed a satisfied employees rather than individual capacities. In 1970, Walton put forwarded a new policy that is profit sharing plan with the intention of share the profit with his employees. According to Sam the world of business there is only a boss, he is the customer and he has the right to criticize the shop keeper and other staff. Thus the great Sam aimed satisfied employees and customers in the field of business.

 To conclude, Sam Walton became a symbol of success in the field of retail management. Through his innovative ideas and business techniques Sam Walton had acquired the status of an excellent businessman. As a businessman Sam Walton had learned numerous knowledge and experience in Arkansas where he took his initial step in the world of retail business. Hardworking, effective communication, philosophical principles, innovative business techniques, rich relationship between company and customers and self service programs play a vital role in Sam Waltons success . His previous experiences such as military officer, business executive and store keeper helped him to develop a particular story of success in business field. His attitudes towards employees provided a new culture of labor management.