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    Sam Walton, Made In America (Review and Analysis of Walton and Huey's Book)
    Sam Walton, Made In America (Review and Analysis of Walton and Huey's Book)
    Sam Walton, Made In America (Review and Analysis of Walton and Huey's Book)
    Ebook45 pages38 minutes

    Sam Walton, Made In America (Review and Analysis of Walton and Huey's Book)

    By BusinessNews Publishing

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    About this ebook

    The must-read summary of Sam Walton and Richard Huey's book: "Sam Walton: Made in America: The Story of America's Richest Man".

    This complete summary of the ideas from Sam Walton and Richard Huey's book "Sam Walton: Made in America" tells the story of Walton and how he rose to becoming so financially successful. In their book, the authors reveal the tale of a small-town millionaire who revolutionised retail distribution, with Wal-Mart becoming the world's largest retail chain by sales turnover and constantly expanding. This was made possible thanks not only to Walton’s dedication to entrepreneurship, hard work, vision, dedication, but also because he wasn’t afraid of risk. This summary offers a fascinating insight into the man behind one of the greatest success stories in American history.

    Added-value of this summary:
    • Save time
    • Understand key concepts
    • Expand your knowledge

    To learn more, read "Sam Walton: Made in America" and discover more about the man behind Wal-Mart.
    LanguageEnglish
    PublisherBusiness Book Summaries
    Release dateOct 14, 2014
    ISBN9782511018200
    Sam Walton, Made In America (Review and Analysis of Walton and Huey's Book)

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      Book preview

      Sam Walton, Made In America (Review and Analysis of Walton and Huey's Book) - BusinessNews Publishing

      Book Presentation

      Sam Walton : Made In America by Sam Walton with Richard Huey

      Important Note About This Ebook

      Summary of Sam Walton : Made In America (Sam Walton with Richard Huey)

      1. INTRODUCTION

      2. GROWING UP

      3. STARTING OUT SMALL

      4. BOUNCING BACK

      5. BUILDING THE TEAM AND GOING PUBLIC

      6. APPLYING THE FORMULA

      7. STEPPING BACK

      8. CREATING THE WAL-MART CULTURE

      9. SAM’S RULES FOR BUILDING A BUSINESS

      10. THE SAM WALTON LEGACY

      Important Note About This Ebook

      This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.

      1. INTRODUCTION

      Samuel Moore Walton was born in Kingfisher, Oklahoma in 1918 and died in Little Rock, Arkansas on 5 April 1992.

      In 1985, Forbes Magazine named him as the richest man in America with assets of nearly US$25 billion. All of Sam Walton’s personal wealth has been generated by the publicly listed Wal-Mart supermarket chain. The Walton family currently owns about 38-percent of Wal-Mart’s issued shares.

      Wal-Mart is the world’s largest retail chain by sales turnover and continues to expand rapidly. From nine stores with sales of US$1.4 million in 1960, the Wal-Mart group had grown by 1990 to 1,528 stores with US$26 billion in sales and profits exceeding US$1 billion. The company has set a target of achieving a sustainable annual sales turnover of US$100 billion by the year 2000.

      2. GROWING UP

      Sam Walton always credits his father as providing him with keen trader instincts and extroverted personality traits. Thomas Walton was a farmer who loved to trade or to make a deal for just about anything. When the 1930’s Depression came, Thomas Walton took on a number of jobs including banker, farm-loan appraiser, insurance agent and eventually a farm repressor as the effects of the Depression flowed through to the rural sector.

      As with most families of that era, Sam’s mother Nan started a small milk business to try and help feed the family. Sam would get up early to milk the cows, his mother would prepare and bottle the milk and Sam

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