...Sam Walton was born on 29th March 1918 near Kingfisher, Oklahoma to Thomas and Nancy Walton. He lived on a farm up until 1923 when his father decided to return to his previous occupation as a loan appraiser because farming was not providing the family with sufficient income. Tagging along with his father on some of the farm repossessions, he saw many families being turned out of their land. This instilled him with the importance of frugality at a young age. Growing up during the Great Depression meant that he had to work before and after school to help his family meet their financial needs. He milked the family cows every morning; his mother would bottle the milk while he was at school, and after football practice he would deliver the bottles. He also delivered newspapers, sold magazine and subscriptions, and raised and sold rabbits and pigeons. He still found time to become an Eagle Scout, making him the youngest Eagle Scout in Missouri history. With his father always travelling, his mother, Nan Walton, took on most of the work of raising, disciplining, and motivating Sam Walton. She had high ambitions for him. She read a lot and loved education, and insisted that he would go to college and make something of himself. In 1933, at the start of Sam’s sophomore year in high school, the family moved to Columbia, Missouri which was home to several colleges. This was largely due to Nan Walton’s urging as she felt that the change would improve his chances of going to college. He started...
Words: 1198 - Pages: 5
...Sam Walton: Made in America 1. Sam Walton: Made in America is a captivating book that discusses Wal-Mart one of the worlds largest companies in the world and the hard work and dedication that it took Sam Walton to reach his world renowned success. Sam Walton is an American businessman that founded Wal-Mart in July 1962 in Rogers, Arkansas. One of Walton’s major efforts at the beginning of his success was to provide the American people with a price low enough that competed with foreign vendors. Walton had determination and passion for the retail business and that shows throughout this book. The book describes amongst several other business strategies, the relentlessness that Sam Walton had in searching for better ideas that would support the constant growth of Wal-Mart. Sam Walton was an entrepreneur that took advice and comments from people in all levels of his company and allowed his employees to be in the creative process of the company and the success in the company as a whole is largely owed to his ideas and willpower. 2. Sam Walton’s ideas were not always successful. He often had failed products or ideas that he couldn’t get just right. Many times products would fail in certain parts of the country and thrive in other parts. Sam Walton was a man that made mistakes and he was not afraid to admit them and improve his company. He often discussed his failures as learning tools for other employees. The open environment in the work place able to discuses each other’s failures...
Words: 732 - Pages: 3
...UNIVERSIDAD AUTONOMA DE NUEVO LEON FACULTAD DE CONTADURIA PUBLICA Y ADMINISTRACION INTERNATIONAL BUSINESS PROGRAM Consumer Behavior Mid-term Project ‘’Sam Walton’’ Anakaren Merari Quintanilla Castillo 1525360 5Yi October 2, 2013 In this mid-term project, I will analyze an American entrepreneur born in Kingfisher, Oklahoma, known for founding two of the largest retail stores in the United States, Wal-Mart and Sam's. Speaking of business, no doubt that Sam Walton can teach us a lot, he managed to turn his junk shop, a small cotton town in northern Arkansas, in the mighty Wal-Mart the largest chain of small shops world. Sam Walton had a philosophy about ten rules, which abided, in order to become the successful businessman he was, and make Wal Mart in the company with which any entrepreneur dreams. The first is that the person engaged in the business. Believe in it more than anyone. It must pass each of the personal deficiencies for the simple passion for work. If not born with that passion, you can learn because you need it. If you like your job, you will devote every day, and will do in the best way, and before long everyone in their environment pick up on that passion, like a disease. The reason that Walton, who died at age 74 in 1992, was the most successful retailer in U.S. history 30 years after opening its first Wal-Mart is that he was also well ahead of its competitors by bringing efficiency and discipline to the world of retail. The cornerstone of...
Words: 1908 - Pages: 8
...Samuel more Walton John Agbatekwe September 10, 2015 Humanity/ 102 Professor Sherna Armstrong Sam Walton a 20th century genius Sam Walton, one of the most brilliant and successful businessmen in history, he was the founder and former CEO of one the largest retail business company in the world today. Sam Walton is the definition of success and he proved it by opening the largest retail business in the world. He transformed the way people shop in the United States of America and around the world. He brought in a great change in the tactic of business. In 1945 when he bought his first Wal-Mart store from the Butler brother, the store was only making $72000 a year. But shortly after he took over the store, he turned it into a $250,000 yearly store. Sam Walton is the epitome of success and as of today he is worth over 149 billion dollars (Samuel M Walton 1992). Samuel Walton’s early life Samuel was borne born on March 29, 1918 at Kingfisher, Oklahoma to Thomas Gibson Walton and Nancy “Nannie” Lee. Samuel, his brother (James) and his parent lived in kingfisher, Oklahoma until 1923, when they moved to chesterfield Missouri, where his father worked as a mortgage man. Samuels’s family moved around a lot from one small to another. When Samuel was in eighth grade at Shelbina, he became the youngest Eagle Scout in the state history and shortly became a recipient of the distinguished Eagle Scout award from the boy’s Scout of America. Samuel’s parents did not have money growing...
Words: 1476 - Pages: 6
...George Packer, The author of the article,“Sam Walton / Jay Z”, illustrates his personal assumption on the definition of success throughout his article. Packer believes that success comes from gaining an ample amount of money and fame. He shows this by basing off his entire article on two individuals, Jay Z and Samuel Walton, who become “successful” by working hard and reaching a point in their lives where they are plastered all over magazines and billboards. They live lives of luxury with adoring fans following their every move. Packer is trying to display to the readers that in order to be considered successful, individuals must be in the same, if not similar, economic and social class that Jay Z and Sam Walton are a part of. Packer chooses to write about two specific men to send the readers the message that success is measured by the chunk of change on has in their...
Words: 1020 - Pages: 5
...Sales of local brand refrigerators, especially Walton brand, have geared up ahead of Eid-ul-Azha, the biggest refrigerator selling period. According to sources, Walton showrooms and outlets all over the country are experiencing growing turnout of customers ahead of Eid-ul-Azha. While visiting different markets, it was seen that mostly the customers are choosing local brand refrigerators, particularly Walton, Marcel, MyOne, etc. It is learnt that local brand refrigerators have recently created huge enthusiasm among local customers as some local companies including Walton are manufacturing world standard and high quality refrigerators that are being exported different countries across the globe. It was also seen that market of foreign brand refrigerators were witnessing dull trend due to low demands from customers and supply crunch. On condition of anonymity, one of the distributors of foreign refrigerators informed that there was no supply of foreign refrigerators for last two weeks. “We are not getting any positive response from the importers about the stop of supply,” he alleged. Stadium Market, the largest market of electronics and electrical products in the capital, it was found that some customers were choosing Walton brand refrigerators. Replying to a query why he wants to buy a local brand refrigerator, a customer said, “After analyzing everything it was found that same quality item, even improved quality refrigerators were sold at lower rates.” Talking...
Words: 487 - Pages: 2
...lyonCompany Background: Walton Hi-Tech Industries Ltd. is one of the leading electrical and electronics assemblers of our country under the banner of R. B. Group. Since 1977, the company has been running its business with a great reputation. Their head office is in Jiban Bima Bhaban, 10, Dilkusha, Dhaka-1000. It always tries to launch the newest technologies and style in its products line as ever innovative policy. As the demand of Walton products is being increased day by day very rapidly, the company predicts that a day will come very soon when the Walton brand products shall occupy the major market share in the region. Walton produces the maximum varieties of home electronics product like Color Television, Refrigerator, Air conditioner, Washing Machine, Microwave Oven, DVD, Motorcycle, Generator, Diesel Engine, Pick-up Van, Mini Truck, Covered Van, Power-tiller, Manganese/Alkaline Battery, Energy Saving Lamp, Wrist-Watch and various Kind of small home appliances such as Fan, Iron, Toaster, Sandwich Maker etc. In this concern, Management of Walton HIL ensures their commitments for quality at any cost. Product Categories: As customer’s choices are change through the terms of time and technology, Walton has introduced three new models of LCD television in the local market which have YUV technology to meet the customers’ need and satisfaction. The new model Walton television sets ensure good quality sound and picture those viewers will enjoy. It also helps reduce electricity...
Words: 905 - Pages: 4
...Walton is the latest multinational electrical, electronics, automobiles and other appliances brand with one of the largest well equipped R & D facilities in the world carried out its production through different subsidiaries under the banner of Walton group headquarters in Bangladesh. Walton had entered into electronics business in 1994 with manufacturing of electrical and electronic items and gradually expanded its operation in many other electronics field that provide the foundation for nearly every aspect of modern life. The key secret behind the success of Walton lays its variation of production capacity and customized orientation of new product as per the demand of customer. World class machineries like Thermoforming, Channel Extrusion, ABS/HIPS Sheet Extrusion, Magnetic Strip Extrusion, PP Hollow Sheet Extrusion, VMC, 5 axis VMC, Ultrasonic Welding, Injection Molding, Styrofoam Making, Hi Speed Power Press, Fin Press, Corrugation, SMT pick and place, SPG printing machine, AOI machine, Tamura wave solder machine, Auto insertion machine are being used for the production of high quality products of Walton. Along the way, Walton has earned domestic and global recognition for its experience and proven track record in a variety of electronics fields. Walton is the pioneer of developing state of the art designs and modern technology having leading market share specializing in Multi-Stored Refrigerators, Freezers, Air Conditioners, LED/ LCD televisions, Motorcycles, Smart...
Words: 698 - Pages: 3
...(profit %) chapter-3: opprtunity, limitation, recommendation and conclusion An Assignment on Walton Introduction : We are the member of Over Viewer Group. Our group has been asked to make a research paper on” Analysis of Marketing Mix ” in Marketing 101 course by Mashruha Zabeen , lecturer of East West University ,department of business administration. We have been selected to make the case study on “Walton HIL (Walton Hi-Tech Industries Ltd.)”. We have selected a specific product of Walton. Our selected product is “Walton Refrigerator and freezer”. We have six members in our “Over Viewer” group. Name and ID of group members: Abu Hossain Anik :2010-3-10-045 Sohan Kowsar :2010-3-10-128 Syad Abrar Ahamad : 2010-3-10-127 Ibrahim Hamid 2010-2-13-085 Mahamudul Mojid Mim 2010-3-13-048 Sanjoy Sarker 2010-3-10-046 Company profile: Walton HIL (Walton Hi-Tech Industries Ltd.) is the pioneer of Refrigerator, Freezer, and Motorcycle manufacturing technology in Bangladesh which is treated as one of the most sophisticated plants in South East Asia. It is also the manufacturer of Energy Saving Lamp and Microwave Oven. R. B. Group, Mother Company of Walton Hi-Tech Industries Ltd. (Walton HIL) is one of the country’s top and expanding business organizations in the arena of electrical, electronic products, which has been operating its business with a great reputation using the brand. Walton is directed by 5 owner-directors. The whole company is divided into 40 departments with almost...
Words: 1636 - Pages: 7
...attention in this regard. Walton Technologies Corporation is one of the sister concerns of R.B. Group of companies Ltd. is now one of the leading companies in Bangladesh. It holds its long cherished desire to be the Number One Company in Bangladesh both in volume and turnover. which inspired it to go for expansion of its market internally to establish as a high quality achiever. In this connection Walton is doing pretty good in this highly competitive electronics market. And there is a tremendous role of the dealers to promote the products through effective salesmanship to the customers. They are of vital importance for every company because they make a huge contribution in marketing and promoting of electronics products. So the more effective and efficient the sale forces are, the more profit they can make for their own as well as the company. This research program is undertaken especially to judge the market position of Walton. In spite of its sincere efforts, excellent image and credibility, the company is pressurized by the growing and aggressive competition in the industry. Faced with increasing competition in the market and huge sales target Walton realized the fact that there is no way but to be more aggressive in marketing. Though happy with the existing marketing system yet Walton management wants to keep their eyes open for unseen days and wants to develop their existing marketing system to cope with changing environment. Therefore Walton management has assigned to...
Words: 8678 - Pages: 35
...April 1st, 2013 How Sam Walton transformed Rural America The history of Retail is a storied one in America. Before 1850 there were few choices for Americans in rural areas to find goods at decent prices. The invention of the catalog was the main way for early rural Americans to get a wide variety of goods mailed to them with a bit of credit and good old ingenuity from first Aaron Montgomery Ward and then the ever expanded and refined works of Richard Sears. Before these opportunities the town’s general store was basically all that was available to most of America. Sears had an idea to provide a multitude of products to many who had no other way of acquiring them. He took Wards business model and expanded upon it. Working a 12 hour day, 7 days a week, Sears set out to catch up with industry leader Montgomery Ward and Company. The strategy was the same – low price, heavy advertising and a money-back guarantee. But Sears was able to execute the strategy more effectively and within 10 years he had caught up with and surpassed the sales volume of Montgomery Ward and Company. (Buris and Jeneck) It was this type of risk taking and hard work that made American entrepreneurs so successful. Not all had what it took but without the risk taking, big business could have never grown to be the multi-billion dollar industries we see in today’s world. Growing up in a large city I never really understood the hoopla around the Wal-Mart phenomenon. When they opened up in the...
Words: 2500 - Pages: 10
...15 WALTON BANGLADESH Role of Walton Hi-Tech Industry in the Economy of Bangladesh By Group Five An assignment on “Role of Walton Hi-Tech Industry in the Economy of Bangladesh” Prepared to: Professor Dr. Farah Hasin Faculty of School of Business BUS-525 North South University (NSU) Prepared by: Group: Five (Section – 03) SL NO | NAME | ID | 1. | Md. Easir Arafat | 1512679660 | 2. | Md. Asif Morshed Azad | 1513028660 | 3. | Md Owahiduzzaman Bhuiyan | 1512678660 | 4. | Md. Rowshan Ali Khan | 1512716660 | North South University Date of Submission: 17 August, 2015 Table of Content S.L No | Particulars | Page No. | | Executive Summary | 1 | 1. | Company Background | 2 | 1.1 | Walton HIL | 2-3 | 1.2 | Primary industry | 3 | 1.3 | Standard Industrial Classification | 3 | 1.4 | Mission | 3 | 1.5 | Vision | 4 | 2. | Describing the Walton Customer | 4 | 2.1 | Electronics Market in Bangladesh | 4 | 2.2 | International Market of Walton Hi-Tech Industry | 5 | 3. | Major Determinants of Demand of Walton hi-Tech Industry | 6 | 3.1 | Choice of variables...
Words: 5712 - Pages: 23
...various products of Walton Bangladesh ltd. Report on Walton Bangladesh ltd. Prepared for Anika Khurshid Faculty College of Business Administration(CBA) IUBAT- International University of Business Agriculture and technology Submission Date: 30th March, 2013 STUDENT DECLARATION We the student of BBA, in the college of business administration (CBA) at IUBAT (International University of Business Agriculture and Technology) declaring that this report on the topic WALTON BANGLADESH LTD, has only been prepared for the fulfillment of the course of MGT 201 (Management process), it has not been prepared for any other purpose, reward, or presentation. Name | ID | Program | Section | Signature | Shiek Sazzad Hossain | 12102401 | BBA | F | | Nusrat Jaman Muna | 12102370 | BBA | F | | Rifat Sultana | 12102431 | BBA | F | | A.B.M Golam Muktadir | 12102392 | BBA | F | | Rehena khatun | 12102384 | BBA | F | | Ruksana Akter | 12102379 | BBA | F | | Letter of Transmittal: 30thMarch, 2013 Anika Khurshid Faculty Colleges of Business Administration IUBAT- International University of Business Agriculture and Technology Uttara, Dhaka Madam, With due respect, we are here to submit the following report on Walton Bangladesh according to the instructions given by you. After going to several Walton showrooms in Dhaka and doing a thorough online research on Walton Bangladesh, we have...
Words: 3319 - Pages: 14
...Book Review Summary of Ancient Near Eastern Thought and the Old Testament by John H. Walton Chapter 1 Chapter 1 is Walton’s introduction to the discussion concerning the congruence of the Old Testament with the world surrounding it. This chapter discusses the history, methodology, and reasoning behind comparative Old Testament studies. It then concludes with the principles and goals each student should possess as he or she studies the Old Testament. His synopsis of comparative Old Testament studies begins with the resurgence of Egyptian and Mesopotamian archaeological studies during the eighteenth and nineteenth centuries.[1] He then moves on to discuss the impact of Friedrich Delitzsch’s lectures concerning how the writers of the Old Testament borrowed from extrabiblical sources set the stage for many secular ideologies removing the special revelation aspect from the Bible. This allowed two things to take place. First, it brought out the comparative study of the Bible into a critical realm; and second, it made Assyriology, Egyptology, and Hittitology serious academic disciplines which have greatly enhanced modern man’s understanding of these ancient cultures. While Walton discusses several forms of Old Testament study, his opinion favors comparative studies. He starts with explaining the reasoning for sound methodological comparative study and moves on to answer the “why” it should be performed over other studies. In his view, it expands...
Words: 4252 - Pages: 18
...Group Name: The Corporate (A) SL. No. | Name | ID No. | 01 | Md. Saiful Islam | 104821 | 02 | Lenin Azad Polash | 104831 | 03 | Md. Whahiduzzaman Robin | 104865 | 04 | Rafiul Islam Chowdhury | 104965 | 05 | Md. Nazmul Hasan | 105043 | Letter of Transmission April 28, 2013 Md. Mosharraf Hossain Chairman Department of management studies Jagannath University, Dhaka. Sub: Submission of Assignment in “Employee Benefits of Walton (company)”. Dear Sir, We are very happy that we have been able to submit the assignment you have assigned to us. The assignment was to prepare the “Employee Benefits of Walton (company)” on the course named “Human Resource Management” as part of our academic activities. For the purpose of preparing the assignment we had to have an in-depth knowledge on Employee Benefits and the company Walton as well. This was the first ever opportunity for us to gain proper understanding to Employee Benefits and working on it over a company ever as such practical knowledge. Thank you for giving us the opportunity to learn the real life practice & increase the knowledge on Employee Benefit on the course “Human Resource Management”. Sincerely Yours Group Name : The Corporate (A) Section : A Department of Management Studies Jagannath University, Dhaka Table of Content Title | Subtitle | Page | Introduction | | vi | Background | Background of Bangladesh Small and Cottage Industry | vii | Definition | Definition of SME given...
Words: 9714 - Pages: 39
