Anti Essays :: Free "Made In America" Essay
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Submitted by evilmishima on August 15, 2008
Made in America: My Story is an autobiography of Sam Walton as well as the story of Wal-Mart. As Sam himself admits in his foreword, "I'm really the best person to tell the Wal-Mart tale, and ... --like it or not--my life is all wrapped up in Wal-Mart...."
Sam Walton and Wal-Mart
Sam Walton was a consummate competitor. He loved the challenge of the fight. As Charlie Baum (an early Wal-Mart partner) said of him, "What motivates the man is the desire to absolutely be on top of the heap." He was voted Most Versatile Boy in speech club in high school. He was a guard on the basketball team his senior year when the team went undefeated and won the state championship. He was also the quarterback on the football team that also went undefeated and won the state championship. In college he was elected president of the senior men's honor society, he was an officer in his fraternity (Beta Theta Pi) and he was president of the senior class. He was also the captain and president of Scabbard and Blade (a part of ROTC). The list goes on, but I think you get the picture. There is nothing that Sam Walton set his mind to that he didn't achieve.
Though competition is what drove him, it was Sam's ability to take other people's ideas and refine them (or mix and match them) that really gave Wal-Mart a cutting edge. Sam wasn't afraid to try new things. If they failed, he backed out quick. If they worked, he continued to improve them even more. Some of the ideas that he lifted from others and which propelled Wal-Mart wildly forward were:
Discounting: a growing trend among stores in the 60's, Sam reduced the store markup in order to sell more product, what Sam called, "blowing an item out the door." (Target, Kmart and Woolco also started with this same idea in mind.)
Building a corporate culture: inspired by the Japanese, Sam introduced meetings that included a Wal-Mart cheer as well as crazy antics by management.
Profit-sharing:...
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"Made In America". Anti Essays. 21 Nov. 2008
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