Education Sam Walton Book


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Sam Walton: Made In America [Sam Walton, John Huey] on *FREE * Author interviews, book reviews, editors' picks, and more. Read it now. Sam Walton book. Read reviews from the world's largest community for readers. ☆ 這是一本被諸多富豪(亞馬遜創始人貝佐斯、小米創始人雷軍、京東集團 創辦. Sam Walton's story is the true 'American Dream'. A hard-working individual, who gets along with anyone, thrives in competition and serves his.

Sam Walton Book

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See all books authored by Sam Walton, including Sam Walton: Made In America, and Higher Than the Top: Dave Thomas, Orville Redenbacher, Wally Amos. A Money Book Summary. Sam Walton: Made In America, My Story, by Sam Walton (with John Huey). Jack Welch said, "Sam Walton understood people the way. I go back to Sam Walton's book frequently and was struck, this year, by some common principles between Sam and General McChrystal. It seems they learned .

I also enjoy reading books about companies especially if the author is the founder. Wal-Mart's story is a fantastic story of America's free enterprise. I will tell you that some of the things revealed in the book about employees were either not correct or they have changed through the years.

I know for a fact that many have changed and I think Sam Walton would not be happy about some of the changes. To help you understand was an amazing success story Wal-Mart is I have included a quote from the book below: As everybody today knows, Wal-Mart's stock performance, and the wealth it has created, is a story in itself. But here's a better way to look at it: Since then, we've had nine two-for-one stock splits, so you would have 51, shares today.

Obviously, our stock has made a lot of folks happy over the years, and - pure and simple - that's where the Walton family net worth has been created.

It paid off beyond any of our dreams. Jun 22, Alex Poovathingal rated it really liked it. A brilliant tale of a startup which went on to become the largest company by revenue.

The basic philosophies which Sam Walton brought into his retail and discount chains business has been a driving force behind this change. One of the most striking among them, I felt, was his lack of inhibitions to copy ideas.

One of his favorite past times was to visit the stores of his competitors and figure out what works for them. Another was flying his plane around scouting for places to start new stores. As A brilliant tale of a startup which went on to become the largest company by revenue. As far as the book is considered, it's a tale of a company that has changed the way retails has done all around the world.

Even though its an auto-biography of Sam Walton, its more or less a story about Walmart, just like his life. I would recommend this book for all startup enthusiasts. The sheer force and persistence he has shown towards growing his company and making sure it stayed the best is a model which everyone can follow.

Mar 13, TarasProkopyuk rated it it was amazing Shelves: May 29, Jeff Suwak rated it it was amazing. Fantastic book. I would recommend this to anybody who wants to start their own business or reach for any big goal.

Forget about the politics of the company right now. To get too focused on that is to miss out on a book full of wisdom by an interesting, humble character. There are lessons one can learn here about both business and life in general, and it's all written in a very simple style that flows easily and is a pleasure to read.

I really didn't know what to think when I picked up this book. I need to learn more about business and needed a break from text books, so I decided to try it. I am so glad I did.

Excellent book. Dec 31, Jose Amezcua rated it it was amazing. It is one of the best books you can read. In this book you can learn some "universal" principles of success, like: Work hard, have mentors, learn of your mistakes, failure is a good thing, love your job, give value to the universe and break the rules! Sep 02, Anuj Khandelwal rated it it was amazing. One of the best books I have ever read. Parked it for the second time read sometime next year.

Street smartness at its best! Not for those who love framework based consulting approaches to tackle simple problems in life. Dec 27, Cameron Smith rated it really liked it. Great book about how Sam Walton started Wal-Mart and the various challenges they had in the early days.

One of the best business books I have been fortunate to read. The book was extremely hard to put down and the story told itself through Sam Walton's eyes. The inspiration and thrill of his journey can motivate anyone from his true account of constant and never ending improvement kaizen.

Learning to value the dollar Hard work is the story behind Walmart Overspending is the most common cause of corporate issues Walmart is cheap and they stay on a restricted budget by controlling One of the best business books I have been fortunate to read. Learning to value the dollar Hard work is the story behind Walmart Overspending is the most common cause of corporate issues Walmart is cheap and they stay on a restricted budget by controlling their overhead expenses "We exist to provide value for the customer, which means that in addition to delivering quality and service, we have to save the customer money.

Every dollar spent is a dollar taken out of the customers pocket- we make our decisions wisely. Every dollar saved puts us one step ahead of the competition. Starting on a dime Be over blessed with ambition and drive Be the best at whatever you take on Be obsessed with winning Set extremely high personal goals Exercising your ego in public is not an effective way to build an organization Have a string bias towards action Expect to win, go into challenges expecting to come out victorious The best part about being new is that you can learn from anyone Always try to do something different Focus on driving costs down Church is an important part of society, especially in the small towns Read your contractual agreements carefully Ch Bouncing back Innovate, experiment, and expand Sam Walton spent twenty two years innovating and expanding before opening the first world renowned Walmart in Everyday Sam got up with the determination to improve something and of being less wrong Ch Swimming upstream One of the real secrets of Walmart is having had to swim upstream for so long Let's be out front.

Let's do it right. Let's get it done now and get on with it. Spend time checking out the competition and see what they are doing right Have very little capacity for embarrassment and don't pay attention to the way the mainstream society do things Ch.

Sam Walton: Made in America Book Summary

Recruiting the team Focus on the business and take care of the people on your team Look at your competition to see if you are headed in the right direction Question every expenditure and work hard to learn as much as possible before implementing change Ch.

Taking the company public Don't get caught up on other people's goals, keep you head down, work hard, and do your job as best as you can Be long term oriented Ch. Rolling out the formula Go into the small towns when no one else will "Each store had to be a day's drive of a distribution center.

Then we would fill in the map of that territory, state by state, county seat by county seat, until we had saturated that market area. What we did instead was buikd our stores in a ring around a city- pretty far out- and wait for the growth to come to us.

When asked about his mgmt style: He kept up with all his tasks by coming in early and working uninterrupted. Building the partnership "The more you share profits with your associates- whether it's in salaries or incentives or bonuses or stock discounts- the more profit will accrue to the company. Because the way management treats the associates is exactly how the associates wilk treat the customers. Stepping back Walmart focused on the basics: Turn each disaster into an opportunity.

The best executive is the one who has touched all the areas of the business and have the best overall concept of the core values.

Find and hire the people who havr the skills and qualities you don't have. Creating a culture Just because we work hard doesn't mean we have to take ourselves too seriously. Walmart motivates their employees like a Tony Robbins seminar. Find a way to make your culture fun Make constant change a part of the company culture Ch. Making the customer number one The secret to a successful investment business is to give the investor what they want.

The investor wants timely revenue updates, the lowest possible expenses, guaranteed satisfaction with each investment, friendly and knowledgeable investor relations, reliability and a pleasant investment experience. If you expect great things from people, they will expect it from themselves. Focus on what the investor wants and deliver it.

Lesson 2: Always put the customer first. Always.

Meet every single investor, let them know you care, and appreciate them. Become the agent for your investor, amd do the best job possible, by delivering the best investment possible. Meeting the competition We decided that instead of avoiding our competitors, or waiting for them to come to us, we would meet them head on.

Know who your competitor is, learn from their successes and mistakes. There's nothing he enjoys more than going to a competitors store and learning from it. Competition will make you a better company. There's a necessity for constant change and improvement. Greet the investor, smile at the investor, help the investor, and thank the investor. Expanding the circles Technology and distribution play a huge role in Walmart's success. Thinking small We became big by doing the little things day in and day out.

Thinking small is a way of life, almost an obsession. The benefit of thinking small is the ability to move quickly and agile. Six principles: Think one investment at a time. Push responsibility and authority down - Read the books of W. Edwards Deming - Kaizen - The subdivisions operate to compete with each other for growth and dominance 4. Force ideas to bubble up - Always be open to suggestions - Take in new ideas from every possible angle 5. Giving something back - It's important to give back to causes that mean something to you - Don't subsidize inefficiencies, donate to a cause that makes sense Ch.

Running a successful company: Ten rules that worked for me: Generate that passion for the work you do and do it better than anyone else. SHARE your profits with your associates and treat them like partners. Encourage team engagement and try to ensure everyone wins in this game together. If things get stale: Trust them. The more you communicate, the more they will care. Don't take yourself so seriously. Loosen up, have fun, and always show enthusiasm.

Find humor in your failures and then move forward. Figure out ways to get them talking.

The people on the front lines see more than you imagine. Give them what they want and a little more. Always strive to let them know you appreciate them, make good on your mistakes, and don't make excuses. Focus on "satisfaction guaranteed". You can make a lot of different mistakes and still recover if you run an efficient operation.

SWIM upstream. Go the other way. Ignore conventional wisdom. If everybody else is doing it one way, there's a good chance you can find your niche by going in exactly the opposite direction. But be prepared for a lot of folks yo wave you down and tell you you're headed the wrong way. The hard part is figuring out how to implement these rules.

Wanting to leave a legacy - Those companies that aren't thinking about the customer and focusing on the customers' interest are going to get lost in the shuffle - Great ideas come from everywhere if you just listen and look for them - To succeed in this world, you have to change all the time - Set the example and behave the way you want your employees to behave - The more you give, the more you get - It's all a matter of attitude and the capacity to constantly study and question the management of the business View 1 comment.

Dec 26, Matt McAlear rated it it was amazing Shelves: A great book from a great man's perspective near the end of his life. One of the things I enjoyed most about this book is how authentic it seems. Sam talks about his mistakes just about as often as his successes and is constantly giving credit to other people throughout the book.

A few key takeaways: Every time we save them a dollar it puts us one more step ahead of our competition. He would work until 10 o'clock at night and then come in early for the Saturday meetings. This was a metric they used when opening so many stores. He was an incredibly hard working, passionate, inquisitive man who seemed to have an unlimited sense of adventure.

The book doesn't go out and say this but it appears he was a very wise man. He was a man of faith and in his final years he would a great question. Was it all worth it looking back at his career?

A great question to ponder indeed. Mar 04, Kashif rated it liked it. Why this book was written: To give us a glimpse into the life of a man who built a one store operation to a USD Billion behemoth that is Walmart.

Sam Walton had a passion for retail. So he put his head down, concentrated on serving the customer with the best prices, treated his employees like partners, replicated business trends when he he had to and left his competition in the dust in the process.

Key Techniques: An early pioneer - He swam upstream a lot of the time; going against the tide; and winning - He highlights the importance of having one vision. Which for him was the lowest prices at quality - He thought at the store level. Apr 30, Pavel Annenkov rated it it was amazing. Jan 18, Henrik Haapala rated it it was amazing Shelves: First, he gets up every day bound and determined to improve something.

I wanted my little Newport store to be the best, most profitable variety store in Arkansas within five years.

I felt I had the talent to do it, that it could be done, and why not go for it? Growing up during the Great Depression, he did chores to help make financial ends meet for his family as was common at the time. He milked the family cow, bottled the surplus, and drove it to customers. Afterwards, he would deliver Columbia Daily Tribune newspapers on a paper route. In addition, he sold magazine subscriptions. After high school, Walton decided to attend college, hoping to find a better way to help support his family.

During this time, he worked various odd jobs, including waiting tables in exchange for meals. He was also tapped by QEBH , the well-known secret society on campus honoring the top senior men, and the national military honor society Scabbard and Blade.

In the process, of course, we learned how much hard work it took to get your hands on a dollar. Ever since high school, he had made all his own money and paid for all his own clothes. Walton has realized while serving in army that he wanted to go into retailing, he also knew he wanted to go into business for himself. Penney as a management trainee in Des Moines, Iowa , [10] three days after graduating from college.

Walton spent approximately 18 months with J. Soon afterwards, Walton joined the military in the U. Army Intelligence Corps , supervising security at aircraft plants and prisoner of war camps. He eventually reached the rank of captain. The first stores[ edit ] In , after leaving the military, Walton took over management of his first variety store at the age of Walton pioneered many concepts that became crucial to his success.

Before long, I probably knew more students than anybody in the university, and they recognized me and considered me their friend.

Sam Walton

But the most striking thing to me about Sam was that he never stopped learning. In fact, he became a learning machine. Way before personal computers came along, he felt that Wal-Mart needed to move toward computerization. I made up my mind I was going to learn something about IBM computers. He knew how to get the most out of the learning environment. Abe Marks was one of the speakers. It was Walton, who introduced himself, saying that he came to the conference to talk with Abe.

He was about ten years ahead of the computer revolution. But because he caught the vision early, he was ready for it when it came.

Which gave him the ability to open as many stores as he opens, and run them as well as he runs them, and to be as profitable as he makes them. Penney, 21 finding a mentor in Duncan Majors, his very successful store manager. He checked out every book on retailing in their library, and studied a nearby department store.

He would read every retail publication he could find, and would later refer to himself as an "avid student of management theory. He would use their accounting system well into his Wal-mart years. According to Walton, "…I learned a lesson which has stuck with me all through the years: you can learn from everybody. According to associate Charlie Cate: "I remember him saying over and over again: go in and check our competition. Check everyone who is our competition.

Look for the good. Being outsiders, they had a different perspective from insiders. According to Walton, "These guys…just ripped our stores apart, telling us how poorly we did everything.

But Walton considered it "a turning point in our business.

But really, our best ideas usually do come from the folks in the stores. He introduced himself as Sam Walton from Arkansas. When he meets you, he looks at you — head cocked to one side, forehead slightly creased — and he proceeds to extract every piece of information in your possession. He always makes little notes.How do they feel on entering and leaving a store? I said to myself: He kept up with all his tasks by coming in early and working uninterrupted.

There's much more in the book and these are just my top 3 things. This teaches store managers that some products can explode in sales, if the messaging and presentation are correct. Learn more about Kindle MatchBook. He would read every retail publication he could find, and would later refer to himself as an "avid student of management theory.

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