Management Hall of Fame: Leading Management Gurus

Sam Walton (Samuel Walton)
Wal-Mart A Retail Empire - (1918-1992)

• "Our best ideas come from clerks and schoolboys." (Samuel Walton)

Key Work

• Brought up in the depression-times in Midwest, USA
• Wants to copy JC Penney retail business, borrowed from his father-in-law $25,000 & Opens a franchise for Ben Franklin store in Arkansas, USA
• Opens first Wal-Mart discount store
• Pioneered the self-service concept, and championed hypermarts
• Raises $5 million on the stock market through a public offering of Wal-Mart stock.
• Builds 452 new stores.
• Retires for two years.
• Builds 1,237 new stores.
• Wal-Mart stock makes him wealthiest man in America.
• Wal-Mart overtakes Sears and become biggest retailer in the United States.

Books & References:

• TBU

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