Sam Walton (1918-1992) – the Walmart founder, talented entrepreneur, the son of farmers’ family, the king of retail. He made his way from a farming family through military service to his first steps in business. He liked working in retail, he went shopping only in order to get ideas for his future business.
Creativity and Ideas
- Purchasing directly from suppliers;
- Extending the store during holidays;
- Active discounts and sales;
- Soulful atmosphere and service;
- Creative approach in the assortment;
- Friendly attitude towards each customer;
- Opening stores in the small cities and towns;
- Control over all the shops.
Entrepreneur Personality Concepts
Helen Walton, Sam Walton’s wife, influenced one of the most important ideas of the entrepreneur – life in small towns, where Sam Walton installed amenities through his stores.
Conclusions
Sam Walton always listened to the advice of ordinary employees, who more than once gave him ideas for the development of his business. He has implemented many promising ideas that are used in retail to this day. In this way, he made the American Dream a reality, making himself a great fortune in public service.
References
Biography – Sam Walton. (n.d.) Web.
Catană, Ș., Grădinaru, C., & Toma, S. G. (2020) “Sam Walton, a visionary entrepreneur”, Network Intelligence Studies, 16, pp. 113-117. Web.
Eliyana, A., & Ma’arif, S. (2019) “Job satisfaction and organizational commitment effect in the transformational leadership towards employee performance”, European Research on Management and Business Economics, 25(3), pp. 144-150. Web.
Harris, D. E., et al. (2019) “Key Characteristics of a Spiritually Mature Leader” in Spiritually and Developmentally Mature Leadership (pp. 67-82). Springer, Cham. Web.
Shavinina, L. V. (2021) “Masters of the Universe: The Entrepreneurial Wizards of Our Time” in Talent Development in Gifted Education (pp. 226-242). Routledge. Web.
