Sam Walton
Sam Walton (1918–1992) was the American businessman who founded Walmart and Sam's Club, building the world's largest retail corporation.
His strategy of high volume, low prices, and rural expansion transformed American retail.
Walton became one of the richest people in the world, though he maintained a famously frugal lifestyle—driving an old pickup truck and avoiding displays of wealth.
Large combined retail store
- rollbackReturn to prior condition
- associatesConnected persons or links
- greeterOne who welcomes arrivals
- distribution centerFacility for routing goods
everyday low prices · big-box · hypermart · Bentonville · five-and-dime · profit sharing · cheer · open door policy
One who begins something
- self-madeSuccessful through own efforts
- businessmanCommercial enterprise operator
- proprietorBusiness holder
- franchiserOne who licenses business rights
risk-taker · bootstrap · startup · dealmaker · competitor · merchant · opportunist · hands-on
Person worth ten figures
- ForbesBusiness and finance publication
- fortuneWealth or destiny
- estateProperty and grounds
- inheritanceProperty received from ancestors
wealth transfer · stock · net worth · assets
Product delivery infrastructure
- logisticsCoordination of complex activities
- inventory managementOverseeing stored merchandise levels
- technology adoptionEmbracing new innovations
- satellite networkLinked orbiting relay stations
data sharing · efficiency · distribution · just-in-time · automation · barcode scanning · computerization · cost control
Shop selling cheap miscellany
- franchiseLicensed business operation
- Ben FranklinColonial polymath and diplomat
- NewportRhode Island coastal city
- RogersPopular English surname
Leading through service first
- employee motivationInspiring staff performance
- delegationTransferring responsibility downward
- corporate cultureShared workplace values, norms
- decentralizationDistributing power from center
empowerment · accountability · transparency · grassroots · morale · teamwork
Donating to help others
- education reformEfforts to better schooling
- scholarshipEducational funding or erudition
- community supportCollective assistance from neighbors
- conservationPreventing waste or loss
supercenter
Large combined retail store
- rollbackReturn to prior condition
- associatesConnected persons or links
- greeterOne who welcomes arrivals
everyday low prices · distribution center · big-box · hypermart · Bentonville · five-and-dime · profit sharing · cheer · open door policy
founder
One who begins something
- self-madeSuccessful through own efforts
- businessmanCommercial enterprise operator
- proprietorBusiness holder
franchiser · risk-taker · bootstrap · startup · dealmaker · competitor · merchant · opportunist · hands-on · workaholic
billionaire
Person worth ten figures
inheritance · wealth transfer · stock · net worth · assets
supply chain
Product delivery infrastructure
- logisticsCoordination of complex activities
- inventory managementOverseeing stored merchandise levels
- technology adoptionEmbracing new innovations
satellite network · data sharing · efficiency · distribution · just-in-time · automation · barcode scanning · computerization · cost control
variety store
Shop selling cheap miscellany
- franchiseLicensed business operation
- Ben FranklinColonial polymath and diplomat
- NewportRhode Island coastal city
Rogers · expansion · merchandising · loss leader · hub-and-spoke
servant leadership
Leading through service first
- employee motivationInspiring staff performance
- delegationTransferring responsibility downward
- corporate cultureShared workplace values, norms
decentralization · empowerment · accountability · transparency · grassroots · morale · teamwork
charitable giving
Donating to help others
- education reformEfforts to better schooling
- scholarshipEducational funding or erudition
- community supportCollective assistance from neighbors
- Retail FoundersJeff Bezos, Jack Ma
- Business IconsRockefeller, Carnegie, John D. Rockefeller, Andrew Carnegie, J.P. Morgan
- Business Titanstycoon, mogul, magnate, industrialist, billionaire
- ArkansasLittle Rock Nine, Arkansas River, Ozarks, Ozark Mountains, Fort Smith
- tycoonsoil tycoon, tycoons, railroad tycoon, John Rockefeller, magnates
- superstoreWalmart, supercenter, grocery, checkout, shopping cart
Sam WaltonDonald Trump
Floyd Mayweather · Gianni Versace · oligarchs · Jay-Z · Hugh Hefner