“With the possible exception of Henry Ford, Sam Walton is the entrepreneur of the century.”- TOM PETERS, co-author of In Search of Excellence
Made In America is the story of how Sam Walton built a retailing empire, “Walmart” from a humble upbringing. He started it from a single dime store in a hardscrabble cotton town (Arkansas) into the largest retailer in the world. In a story rich with anecdotes and the “rules of the road” of both Main Street and Wall Street, Sam Walton chronicles the inspiration, heart, and optimism that propelled him to lasso the American Dream.
Wal-Mart Stores Inc. grew to be the world’s largest corporation by revenue and the biggest private employer in the world. For a while, Walton was the richest man in America. As of July 31, 2020, Walmart has 11,496 stores and clubs in 27 countries, operating under 56 different names.
I think it must be human nature that when somebody homegrown gets on to something, the folks around them sometimes are the last to recognize it.
The company which Sam built Walmart is the world’s largest company by revenue, with US$514.405 billion, according to the Fortune Global 500 list in 2019. It is also the largest private employer in the world, with 2.2 million employees. It is a publicly-traded family-owned business, as the Walton family controls the company. Sam Walton’s heirs own over 50 percent of Walmart by holding company Walton Enterprises and their holdings.
Sam Walton was a relentless, hands on entrepreneur who led by example. In his own words:
I don’t know that anybody else has ever done it quite like me: started out as a pure neophyte, learned his trade, swept the floor, kept the books, trimmed the windows, weighed the candy, rung the cash register, installed the fixtures, remodeled the stores, built an organization of this size and quality, and kept on doing it right up to the end because they enjoyed it so much. No one that I know of has done it that way.
Here are my favourite take aways from reading,Made In America by Sam Walton: