Premium Essay

Dj for Management


Submitted By dash24x7
Words 102401
Pages 410
Sam Walton
Made in America

My Story by Sam Walton with John Huey


This edition contains the complete text of the original hardcover edition.
A Bantam Book/published by arrangement with Doubleday
Doubleday edition published June 1992
Bantam edition/June 1993
Photographs without credits appear courtesy of the Walton family.
All rights reserved.
Copyright© 1992 by the Estate of Samuel Moore Walton. Cover photo copyright© 1989 by
Louis Psihoyos/Matrix.
Cover design by Emily & Maura Design.
Library of Congress Catalog Card Number: 92-18874.
ISBN 0-553-56283-5
Published simultaneously in the United States and Canada
Bantam Books are published by Bantam Books, a division of Bantam Doubleday Dell Publishing Group, Inc.
Its trademark, consisting of the words "Bantam Books" and the portrayal of a rooster, is Registered in U.S. Patent and Trademark Office and in other countries.
Marca Registrada. Bantam Books, 1540 Broadway, New York, New York 10036.
OPM 31 30 29 28 27 26 25 24 23

Contents Acknowledgments 4 Foreword 5 1 Learning to Value a Dollar 9 2 Starting on a Dime 14 3 Bouncing Back 25 4 Swimming Upstream 33 5 Raising a Family 44 6 Recruiting the Team 50 7 Taking the Company Public 58 8 Rolling Out the Formula 68 9 Building the Partnership 77 10 Stepping Back 86 11 Creating a Culture 94 12 Making the Customer Number One 103 13 Meeting the Competition 111 14 Expanding the Circles 120 15 Thinking Small 125 16 Giving Something Back 135 17 Running a Successful Company: Ten Rules That Worked for Me 141 18 Wanting to Leave a Legacy 144 A Postscript 148 Co-Author's Note 150

Life has been great to me,

Similar Documents

Premium Essay

Strategic Management - David Jones

...------------------------------------------------- Strategic Management ------------------------------------------------- David Jones [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] Table of Contents Executive Summary 3 Introduction 4 Business Environment Analysis 5 Macro Environment 5 Economic Factors 6 Environmental Factors 7 Legal factors 7 Technology Factors 8 Societal values and lifestyles 8 Micro Environment 9 Bargaining Power of Suppliers 9 Bargaining Power of Customer 10 Threat New entrants 10 Rivalry firms 11 Substitute Products 11 Internal environment analysis 12 Core Competencies 12 Strategies and Implementation 14 E-commerce Strategy 14 Pricing strategy 15 Differentiating strategy 16 Location strategy 16 Challenges facing Business environment 17 Uncertainty 17 Unemployment 17 Recommendation 18 Conclusion 19 Executive Summary The purpose of this report is to identify and explain the core concepts of strategic management of a retail industry, David Jones. In conducting this research, academic journals, textbooks, David Jones’ company reports and online news are used as the sources of information. This report analyses the external environments such as macro-environment and industry environment as well as examine the internal core competencies, using PESTEL model and Porter’s Five Factors. Moreover, core strategies and their application will...

Words: 5137 - Pages: 21

Premium Essay


...Penman (2001) to forecast the future financial performance of David Jones. The valuation of the firm is provided subsequently and the underlying key assumptions are considered for sensitivity analysis. 1.1 Forecast on Future Finance Performance This section explained the forecasting bases and detailed forecasts are illustrated in Table 1. * Sales Growth The sales revenue is expected to have an average growth of 3% in the forecasting years. Due to the overall macro-economic factors such as a decline in consumer confidence or an increase in household savings rates, DJS is unlikely to boost the sales growth rate. Although the company is reducing the price of the international stocks, as the company faces increased competition in online retailing, which has resulted in greater transparency of global pricing, there is a risk the price deductions will not be offset by higher volumes. (DJS Annual Report, 2013) However, DJS’s strong market position and the strategic initiatives being implemented will push the growth rate back to positive and become stable in the later forecasting years. * Asset Turnover It is forecasted that ATO will tend to be continuously stable and maintain 2.0 during 2014 and 2018. This is based on the historical data, which shows a steady movement at 2.65 – 2.15. *...

Words: 1624 - Pages: 7

Premium Essay

Personal Narrative: Criminal Justice Internship

...well as practical knowledge of the day to day operation concerning criminal justice work. My internship search began at the beginning of my senior year, without much success. I searched online job websites, made phone calls and reached out to family and friends. However, after attending an internship workshop at the college and looking through the literature that was handed out, I reached out to some of the agencies. I filled out an application with the Department of Juvenile Services (DJS) and waited for a reply. I checked my emails daily during winter break and finally received a response from the coordinator of volunteer services at DJS. Things started to move and to say the least, I was excited. After filling out many forms and taking care of the necessary background checks, I was offered the internship. After...

Words: 635 - Pages: 3

Free Essay

Eco 550 Assignment 2 BIG LIGG ENTERTAINMENT Mobile DJ Service offers the following services: Live Disc Jockey Entertainment Services at Weddings, Community events, House Parties, Cookouts, Formal/Informal Dances and just added Sound system rentals to other Disc Jockeys. BIG LIGG ENTERTAINMENT Mobile DJ Service also offers Compact Discs (CD’s) for events consisting of the music chosen by its customers. For Wedding receptions BIG LIGG ENTERTAINMENT Mobile DJ Service offers compact discs with a picture of the Bride and Groom, date of the event and a special salutation to the guest and wedding party, also consisting of music chosen by the Bride and Groom. I have recently reached out to other Disc Jockey’s who service similar gigs as myself offering to add their services with mine when marketing my services in order to broaden the target market. In doing this, we share ideas, and we pass on leads to one another. One of the Disc Jockeys specializes in Karaoke Entertainment and in promoting and booking services such as his and charging a small finder’s fee for me, BIG LIGG ENTERTAINMENT Mobile DJ Service is constantly producing a profit as with renting my sound system equipment to other Disc Jockeys. Finally, and this is probably one of the most important points - to be a very successful mobile/special event DJ I need to use my personality to entertain and encourage the audience to participate in what I’m offering. The best mobile Disc Jockeys (DJs) are in fact "Party Hosts" with great personalities...

Words: 1518 - Pages: 7

Premium Essay

Woolworts Strategy

...a great believer in sustainability and a huge chunk of its resources is devoted to changing the environmental needs as well as social ones of South Africa. According to their website they live the Woolworths difference through our values: Quality and style | – deliver the best | Value | – a simple and fair deal | Service | – think customer | Innovation | – discover the difference | Integrity | – do what you say you will do | Energy | – be passionate and deliver | Sustainability | – build for a better future | David Jones on the other hand was founded in Sydney in 1838 by David Jones a merchant from Wales whose aim was to sell the best exclusive goods possible. DJ is said to be the oldest Australian department store still trading under its own name. It has also expanded and is now a national retail chain with Competitive strategies Woolworths South Africa modeled on United Kingdom's Marks and Spencer is one of the most successful chains in South Africa. Its main aim is to be a brand value -driven business. Each brand Woolworths sells is lined up/coordinated with Woolworths main brands. Woolworths are devoted to customer segmentation strategy and strongly follow shopping habit...

Words: 770 - Pages: 4

Premium Essay

David Jones Accounting

...Individual Assignment – David Jones Limited 1. (a) DJS is a public company that issues shares to the general public and is a separate legal entity. (b) The income statement shows tax being deducted directly from company profit. The equity section show contributed equity instead of owners or partners’ equity. Also retained earnings after dividends or allocation to another equity account. 2. (a) Net assets and total equity have the same dollar value of $775,704,000. (b) Equity is the residual interest in the assets of the entity after deducting all its liabilities. 3. The finanical statements include the assets, liabilites and results of its subsidiaries incorporated in Australia. 4. The interest bearing liabilities comprises bank overdraft and unsecured bank loans. Overdraft and bank loan expiring in 15 December are reported as current liabilitis and bank loans expiring in 15 December of 2014 and 2016 respectively are reported as non-current liabilities. 5. (a)Contributed equity, reserves and retained earnings are reported under Company’s equity’s section. Contributed equity is the amount of total purchased ordinary shares. Retained earnings are the sum of profit retained in the entity after dividends payout. The share-based payment arises on the grant of share optons to employees and executives under share option plan and the cash flow hedge reserves. (b) Total equity of 775 millions in 2012 and 785 millions in 2011 are reported. (c)...

Words: 1791 - Pages: 8

Premium Essay

Club It

...Ruben Keys and Lisa Tejada, whom both graduated with degrees in Business Administration. Offering live music and DJs, Ruben and Lisa’s mission is to build a community that meets regularly at Club IT. The 6,000 square feet club has been remodeled to provide a high energy and fun atmosphere with a 600 square foot dance floor, seating for 220, a kitchen for appetizers and short order, and a bar for alcoholic drinks. For music, they hire live bands on Friday and Saturdays and have a live DJ Tuesdays through Thursdays. The DJ uses a collection of MP3 playlists, playing hip-hop, techno, and electronic with some top 40’s thrown in to cater to variety of individual lifestyles. (Rainer, Turban, 2nd edition; Information resources are imperative for any business. Information system, most-likely computer based, is used to support the operations, management, and decision functions for any organizations. It connects all the organization’s component’s together and gives businesses a competitive edge. Certain information systems support parts of organizations; others support entire organizations, while others support groups of organizations. Club IT employees a mix of information systems to serves its clients and accomplish their mission. They have a functional information system consistent with the strategy that would have a high impact on the information management and success of the club. The night club venue employs the Internet in many ways such as, for the benefit of employees...

Words: 763 - Pages: 4

Premium Essay

Personality Traits

...Personality is a set of traits and characteristics that relate to a person's emotions, motivations, interpersonal interactions, and attitudes. Personality is different from ability. Personality is meaningful to management, because employees' personalities may dictate how well they perform their jobs. Personality may indicate how hard a person will work, how organized they are, how well they will interact with others, and how creative they are. Personality is a trait. That is, personality is enduring and unlikely to change substantially in one's adult life. Because personality is a trait, this also means that a person is likely to behave similarly in a variety of situations. This does not mean that a person cannot or will not adapt to a change in circumstances, but that, on average, a person demonstrates similar personality across all situations and may behave differently from those with dissimilar personality characteristics. In recent years, more organizations have been using self-reporting personality tests to identify personality traits as part of their hiring or management development processes. Employers recognize that experience, education, and intelligence may not be the only indicators of who the best hire might be. Additionally, understanding one's own personality characteristics may improve one's ability to develop as an employee and manager. Therefore, it is important to understand the different facets of personality and the ways in which they can be measured. There...

Words: 764 - Pages: 4

Free Essay


...Schedule…………………………………………………………………………..5 Network Diagram………………………………………………………………………...6 Risk Management Plan…………………………………………………………………7 Resource Management Plan………………………………………………………….8 Communication Management Plan………………………………………………..9 Project Objective The objective of this project is to design and set up a fashion show within 4 months. The start date of the event will be November 3, 2012 using s budget of $90,00 for Urban Fitters Winter Fashion Show. Scope Statement The scope statement will show the major deliverables and their major objectives. Deliverables * Enlist sponsors * Find a venue * Book venue * Obtain permits/approvals for the show * Contact designers * Contract designers * Advertise event * Design flyers  * Interview Models * Contract models * Contract photographers for event * Contract security * Contract DJ for music * Event schedule * Decorate venue * Rent equipment (Speakers, lights, etc.) * Set up equipment * Prepare walkway * Set up dressing/make up room. * Get tickets printed * Order refreshments * Test set up Milestones * Book Venue – (June 8) * Obtain permits – (June 6) * Contract Designers - (June 11) * Contract Models - (July 6) * Advertise event - (June 18) * Contract Photographers - (June 29) * Contract Security (Sept 14) * Contract DJ – (Sept 16) * Event Schedule  (Sept 17) * Set up equipment - (Oct 26) * Test...

Words: 314 - Pages: 2

Free Essay


...About Sunburn: Sunburn, a Percept Intellectual Property, is Asia’s Premiere Electronic Dance Music (EDM) Festival. This ultimate lifestyle experience event is an annual property of Percept which was inaugurated in 2007 in Goa. Over the past seven years of existence, Sunburn has brought together renowned Indian and International DJs to entertain crowds of more than 150,000 people from all over the globe over a three day period in December. Sunburn originated from the idea of an Electronic Dance Music Festival held in Goa, India. Inaugurated in 2007, Sunburn became a place of synergy of music, entertainment, sports, food, shopping and lifestyle that has attracted audiences from every nook and corner of the globe. Now in its seventh year, Sunburn has become the hottest dance music property in Asia! Making its debut city edition in the summer of 2012 in Mumbai, Sunburn took the same format to Noida & Colombo in October 2012. After ruling the electronic dance music scene for over 5 years in the heart of Goa, Sunburn moved to the city of its fans and played to massive crowds in Mumbai and Delhi in 2012. For the first time in its history since inception, Sunburn also crossed international shores to be hosted on the beautiful beaches of Colombo, Sri Lanka in 2012 and later Dubai in 2013, thereby becoming the first successful ‘Glocal’ entertainment product from India. Sunburn is scheduled to head to Bali, Singapore, Jakarta and Mexico in 2013-14. The Brand: Sunburn has become...

Words: 732 - Pages: 3

Free Essay


...Introduction to Management Science MGT 3304 01 Case Study The Darby Company Table of contents: Introduction and Background………………………….P 2 Methodology * Chart……………………………………………… P 3 * Answers to Questions…………………..................P 3-6 Solution and recommendations………………………...P 7 Application in the Moroccan context…………………..P 7 Conclusion……………………………………………..P 7 Minutes of the meetings……………………………......P 8 Sources……………………………………………........P 9 Introduction and Background: The case involves a company named The Darby that manufactures and distributes meters used to measure electric power consumption. Before gradually building a customer base throughout Texas, the Darby Company started as a small production plant in El Paso. As a first step, a distribution center was created in Fort Worth, Texas and then in Santa Fe, New Mexico. The El Paso plant then marketed its meters in different states, including Arizona, California, Nevada, and Utah. A third distribution center was opened in Las Vegas and a second production plant in San Bernardino, California. Manufacturing costs alter from one production plant to another. El Paso plant produces at a cost of $10.50 per meter. However, the San Bernardino plant’s cost are $0.50 less than the cost of the El Paso plant since it utilizes newer and more efficient equipment. Concerning the efficiency of the distribution system, not much attention was paid because of the company’s quick growth, but the company’s management crew decided...

Words: 1362 - Pages: 6

Free Essay

Club It Part 1

... They are also looking to remodel their information management plan and have hired Learning Team A as interns to help them with their remodel. The subject of this paper is to give an overview of Club IT’s mission statement, an overview of Club IT’s information resources, as well as to identify a strategy for Club IT to gain competitive advantage over other nightclubs in the area. Mission statement Club IT is a nightclub that offers different types of music to entertain all guests who want a friendly and luxurious place to mingle and meet new friends. Both owners come from an education in Business Administration and share a love for music. Ruben and Lisa devote themselves to providing an entertainment facility for all to enjoy. The nightclub will provide food and refreshments along with music and a dance floor for people who enjoy dancing. Ruben and Lisa’s mission is to entertain every guest that walks in the door. From hip-hop to rock and roll, Ruben and Lisa are sure to please everyone. Because the nightclub industry is competitive, Ruben and Lisa must think of ways to make their club stand out. Their first approach to making this happen is to remodel. Vaulted ceilings will allow more lighting which will enhance the look of the club. Since Ruben and Lisa are striving to please everybody, every night there will be a different live band playing except on Tuesday, Wednesday, and Thursday there will be a DJ. Information resources The IT department’s...

Words: 907 - Pages: 4

Free Essay

Family Assessment

...Family Health Risk Assessment Beverly James submitted to Laura Lisicki MS, FNP-BC in partial fulfillment of NR 478 Community Health Nursing Practicum Regis University October 17, 2012 Family Health Risk Assessment Health risk assessment is an important component in health promotion and disease prevention in the individual, the family and the community. Choices can be healthy or unhealthy and each individual’s exposure may not have the same implementation. “The factors that determine or influence whether disease or other unhealthy results occur are called health risk” (Stanhope & Lancaster, 2010, p. 334). This paper discusses the family and the assessment process. The use of the genogram and ecomap will be used to present family data. By reviewing the genogram, biological and age-related risks facing the family will be determined. The ecomap will present the social and environmental risks facing the family. As a final point, an analysis of the genogram and ecomap will be utilized to summarize the family strengths and problems or potential problems. Introduction of the Family and the Assessment Process The J family has the following family members: * Mr. D. J., a 58 year old financial analysis who just recently lost his job, has obesity, hypercholesterol, sleep apnea and borderline hypertension * Mrs. B. S., a 58 year old mother, a full-time Registered Nurse, and going to college part-time, has hypercholesterol and suffers with gastroparesis * R. S...

Words: 2279 - Pages: 10

Premium Essay

Managing New Product Development Teams

...Managing New Product Development Teams Topic: Managing New Product Development Teams  CASE STUDY W/QUESTIONS (MUST ANSWER ALL DISCUSSION QUESTIONS) Skullcandy: Developing Extreme Headphones1 In 2001, Rick Alden was riding up a ski lift and listening to music on an MP3 player when he heard his phone ringing, muffled in the pocket of his ski jacket. He fumbled around with his gloved hands, trying to get to the phone before it stopped ringing, and at that moment he thought “ why not have headphones that connect to both a cell phone and an MP3 player?” 2 In January of 2002 he had his first prototype built by a Chinese manufacturer, and by January of 2003 he launched his company, Skullcandy. 3 Building an Action Sports Brand Alden had an extensive background in the snowboarding industry, having previ-ously founded National Snowboard Incorporated ( one of the first companies to promote snowboarding) and having developed and marketed his own line of snowboard bindings. His father, Paul Alden, had played many roles in the indus-try, including serving as the president of the North American Snowboard Association, which helped open up ski resorts to snowboarders. His brother, David Alden, had been a professional snowboarder for Burton, and a sales repre-sentative for several snowboard lines. Thus when Alden began creating an image and brand for the headphones, it only made sense to create a brand that would have the kind of dynamic edginess that would attract snowboarders and skate-boarders...

Words: 2464 - Pages: 10

Premium Essay

Clubit Part 1

...analysis is that their primary clientele includes college students and professionals ranging from twenty-one to thirty-five years of age. Their clients also consist of those who take pleasure in dancing, socializing, and listening to a variety of latest hits. Currently Lisa and Ruben manage the club and maintain all financial and business related records. Presently Lisa and Ruben track ordering supplies, sales and budget manually instead of utilizing information technologies. After this analysis my recommendation is to invest in at least three types of information systems. The first information resource is a system for processing payroll. This resource can be managed in-house by either Lisa or Ruben or another employee in management appointed to handle all payroll responsibilities. An advantage of using a system for processing payroll is the ability to automatically track the amount paid to employees, vacation time accrued/used, and also any time the employee may owe the company is the case of termination. In addition to tracking purposes for the business, the employee is also able to retrieve electronic payroll information instead of receiving paper paystubs resulting in reduced cost for paper. The second resource is a transaction...

Words: 770 - Pages: 4