Sam Walton
Case Abstract
This case discusses the entrepreneurial skills and visionary leadership of Sam Walton, the founder of Wal-Mart. It examines his contribution in accelerating the growth of retailing industry. It explains how Walton transformed Wal-Mart, a start-up in the 1950s, into a multi-billion dollar global retailing industry giant. The case details the beliefs, philosophies and value system of Walton. After analyzing the case, I have found Sam Walton’s Visionary leadership, and the secret success story of the great leader.
I can figure the leadership successfulness of Sam Walton’s by the below mentioned graphical way:
The case examines the best practices initiated by Walton for Wal-Mart in providing excellent customer service, pricing its products and managing human resources. Finally, the case examines Walton's management style and discusses the growth & the success story of Wal-Mart.
Question 1: What are the major reasons for Wal-Mart’s phenomenal success? Explain those reasons in detail.
Answer to the question number 1:
1) Comparatively low Price: There are lots of things that makes Wal-Mart successful but one very important item that makes them successful is their constant low prices, this is what the owner prized his product prices low. They try to keep their prices within limit for everyday people. They keep their suppliers knowing what they expect be it either they sell to Wal-Mart at cheap prices or they sell Wal-Mart better quality items.
2) Suitable Locations: Another way that Wal-Mart tries to stay successful is by watching where they spend their investments. Be it the way, they are keeping their stores cool in the summer or the way they are heating the stores in the winter. They pinch dollars every wehre that they can, so they can be successful.
3) Uses of internet: As for what Wal-Mart succeeded from the outcome, the only thing I can seen is when Wal-Mart tried to use the internet to broadcast what they have, what great deals they have
This case discusses the entrepreneurial skills and visionary leadership of Sam Walton, the founder of Wal-Mart. It examines his contribution in accelerating the growth of retailing industry. It explains how Walton transformed Wal-Mart, a start-up in the 1950s, into a multi-billion dollar global retailing industry giant. The case details the beliefs, philosophies and value system of Walton. After analyzing the case, I have found Sam Walton’s Visionary leadership, and the secret success story of the great leader.
I can figure the leadership successfulness of Sam Walton’s by the below mentioned graphical way:
The case examines the best practices initiated by Walton for Wal-Mart in providing excellent customer service, pricing its products and managing human resources. Finally, the case examines Walton's management style and discusses the growth & the success story of Wal-Mart.
Question 1: What are the major reasons for Wal-Mart’s phenomenal success? Explain those reasons in detail.
Answer to the question number 1:
1) Comparatively low Price: There are lots of things that makes Wal-Mart successful but one very important item that makes them successful is their constant low prices, this is what the owner prized his product prices low. They try to keep their prices within limit for everyday people. They keep their suppliers knowing what they expect be it either they sell to Wal-Mart at cheap prices or they sell Wal-Mart better quality items.
2) Suitable Locations: Another way that Wal-Mart tries to stay successful is by watching where they spend their investments. Be it the way, they are keeping their stores cool in the summer or the way they are heating the stores in the winter. They pinch dollars every wehre that they can, so they can be successful.
3) Uses of internet: As for what Wal-Mart succeeded from the outcome, the only thing I can seen is when Wal-Mart tried to use the internet to broadcast what they have, what great deals they have