Sam Walton Term Paper

This essay has a total of 790 words and 3 pages.

Sam Walton

There were several characteristics of Sam Walton that enabled him to be successful in his
life and business dealings. Sam Walton could do anything he put his mind to. This can be
witnessed in his ability to transform a small town store into a 25 billion-dollar industry
at the time of his death. Walton did not want to be poor, and this helped to push him when
the going got tough because he knew what the possible outcome would be. For example, when
Walton first started producing more Wal-marts, he was in great debt. In fact the only way
he could get out was to make more stores and continue to set lower prices than the
competition. Walton grew up into a poor environment as a child, so he knew what it was
like to be at the short end of the stick. Perhaps his difficult childhood gave him
something to strive towards later on in his life. Walton learned several things from
others as well. For instance, he learned to economize from his job at J.C. Penney. And
while he was developing his first general store, Walton saw what the competition was doing
wrong, and did the complete opposite, such as selling more quantity in order to make a
bigger profit in the long run. It can probably be stated that Sam Walton would not have
been as successful if his devoted wife had not been there along his side. Always there for
him, Mrs. Walton was able to keep the entire family together during the hard and difficult
times. While Sam was out doing the dirty work trying to make something of his business,
Mrs. Walton was playing the role of mother and father back at home. Sam Walton had to
create and develop his business in a very difficult environment. Competition was all
around, and most people saw Walton's store as a dead-end flop when it first began. Before
the founding of Wal-mart, all of the businesses were the same, trying to set prices in
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