The rule logistics walmart and the architecture fulfillment

4. How would you have done things if you were in their position? (No matter how much

they achieved, I am sure there is something you would have done differently.)

1. The book Made in America by Sam Walton tells how Walton with his innovative thinking led to Wal-Mart into a market leader. The book consists of an autobiography of Sam Walton about his life and his works. In this book he talks about his childhood and how the Great Depression affected his life at that time (Copeland, Nick and Labusk 2013). His childhood ambition was to become a salesman however, after college he started working with the retailer J C Penney. In this book he tried to give plenty of advices to any small business owner how to manage work against all the challenges. After working in the retail industry he married Helen Walton and then they opened a variety store in Newport. Though there was a strong competition that time however, Sam still managed to have profits. However, due to a legal mistake in the contract Sam and Helen had to leave Newport. After leaving Newport, they opened a new variety store in Bentonville where they faced comparatively less competition from the other stores. After that he continued to buy more stores out there and continued to grow. His sells continued to expand although his profit margins were low( LeCavalier and Jesse 2016). His concept was quite popular and in this way he built an empire of a large number of variety stores. In the year 1962, Sam Walton opened Wal-Mart. When Wal-Mart was first opened. After that he went on increasing his stores over the years. Although he made a lot of money, he was humble throughout his life.

2. Like all other entrepreneurs Sam Walton also used to face failures. He was a successful retailer in 1950. As Sam was quite young and unexperienced when he opened the variety store, he had faced loss (Walton, Sam and Huey 1993). Therefore, after a legal mistake in the contract he had to close down his store. Sam realizes that he used to pay a high rent for the variety store after a very long time. Sam also worked in a retail store after graduating from the college. After that Sam bought a Benjamin Franklin store, however due to lack of legal know how he had to close down his store.

Reference List

Copeland, Nick, and Christine Labuski. The world of Wal-Mart: discounting the american dream. Routledge, 2013.

Walton, Sam, and John Huey. Sam Walton, made in America: my story. Bantam, 1993.