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Sam Walton’s Values
Both of Sam’s parents played a role in shaping his values. ... Sam also had a lot of his mother’s characteristics. ... Sam excelled in anything he set his mind to, and he owed much of this success, drive, and ambition to his mother. ...
Despite working long, hard hours to build his business, Sam was still very much a family man. ... Instead, Sam was driven to challenge the system, to innovate, and to take things in a new direction. ...
In particular, Sam’s firm belief in the value of the dollar was strongly aligned with Wal-Mart’s culture. When it came to Wal-Mart Sam was cheap, which goes back to his passion in the value of a dollar. ... For this reason, Sam fought hard to stay lean and fight bureaucracy.
Sam was genuinely modest and never believed that a big showy lifestyle was appropriate. ... Sam never hesitated to throw a fit at a Saturday morning meeting if he found his people trying to do something showy. As a family, the Walton’s have done everything in their power not to take advantage of Wal-Mart or use their ownership position unfairly.
The rest of this paper will analyze the leadership tactics and keys to the success of Sam Walton whereby many of his strengths and a few of his weaknesses will be recognized.
Passion and Desire To Learn
One of Sam’s strength’s early on in his career was the recognition that he could learn from anybody. ... Most of what Sam had done he copied from someone else. ... Sam was passionate about merchandising and the importance of promoting items. ... Even when he took his family on vacation, Sam would find a way to stop at stores and check them out along the way. ...
Risk Taker and Experimenter
Sam would take risks and experiment heavily with many of his ideas, which has attributed to his success. Initially, Sam ran the Newport store by Butler Brother’s book because that was the rule and he didn’t really know any better. But shortly thereafter Sam began experimenting. ... Not all of Sam’s experiments worked (i. ... – his Hypermart idea in the US), but without those experiments Sam wouldn’t have had the successes (Wal-Mart, Sam’s Club). ... Nobody wanted to gamble on the first Wal-Mart, but Sam pledged everything he had including his houses and property. ... Again, Sam proved them wrong. ...
Visionary
Sam had an incredible ability to see the wave of the future and take the right steps to capitalize on that vision.
Approximate Word count = 2067
Approximate Pages = 8.3
(250 words per page double spaced)
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