PRESENTED BY: SEEMA KUMARI JAGRITI JAISWAL SUTRISHNA BOWMIK

HISTORY
In 1945 Sam Walton opened the first Ben Franklin franchise in Newport Arkansas and operated them with his wife, Helen and brother, Bud. Location: Bentonville, a backwater in Arkansas, a state where chickens outnumber people. These were small chains that were very successful. Sam Walton opened the first store in 1962 in Rogers, Arkansas. Within 5 years there were 25 Wal-Mart stores earning a total revenue of $12.6 million in sales.

HISTORY
In 1972 Wal-Mart was listed in the NYSE. 1.3 million people working by now. Four times as big as #2 Retailer, Carrefour 5,482 stores in 14 countries as of Oct 31, 2005 Second-largest Company after ExxonMobil ($298B) Workforce: 1.3 M Biggest private sector employer in the world In 2005 Wal-Mart incorporated sustainability in it`s business under their CEO H Lee Scott Jr.

SAM WALTON EARLY LIFE

Sam Walton was born on 1918 in Kingfisher, Oklahoma Growing up during the Great Depression, Walton had numerous chores to help make financial ends meet for his family as was common at the time. He would deliver newspapers on a paper route. In addition, he also sold magazine subscriptions. Upon graduating, he was voted "Most Versatile Boy"

 After high school, Walton decided to attend college, hoping to find a better way to help support his family. He attended the University of Missouri as an ROTC cadet. During this time, he worked various odd jobs, including waiting tables in exchange for meals. He was also tapped by QEBH, the well-known secret society on campus honoring the top senior men. Upon graduating in 1940 with a B.A in economics, he was voted "permanent president" of the class.

 In 1945, after leaving the military, Walton took over management of his first variety store at the age of 26. With the help of a $20,000 loan from his father-inlaw, plus $5,000 he had saved from his time in the Army, Walton purchased a Ben Franklin variety store in Newport, Arkansas. The store was a franchise of the Butler Brothers chain. Later he bought Bentonville store, Before he bought the Bentonville store, it was doing $72,000 in sales. After the expansion, and 5 years under Walton, it was doing $250,000 in sales annually

 Walton joined JC Penney as a management trainee in Des Moines, Iowa three days after graduating from college. This position earned him $75 a month. He resigned in 1942 in anticipation of being inducted into the military for service in World War II. Walton joined the military in the U.S. Army Intelligence Corps, supervising security at aircraft plants and prisoner of war camps. In this position he served at Fort Douglas in Salt Lake City, Utah. He eventually reached the rank of captain.

 Walton went on to open more Ben Franklin Stores with the help of his brother, father-in-law, and brother-in-law. In 1954, he opened a store with his brother James "Bud" Walton in a shopping center in Ruskin Heights, a suburb of Kansas City. Walton decided to concentrate on the retail business instead of the shopping centers and opened larger stores which were called "Walton's Family Center.

 The first true Wal-Mart opened on July 2, 1962 in Bentonville, Arkansas. It was called the Wal-Mart Discount City store . 1987
2 new concept implemented

Hypermarkets, which sell everything including food Supercenters which are scaled down supermarkets

Leadership Lessons
1.Stick to fundamental values Sam Walton had simple values that guided him through his life and business. He didnt follow the latest management fad, nor did he believe in any of the get-rich-quick ideas. He was solidly living his life by the values that he grew up with. Similarly, as a leader building a team or an organization, you need to get away from all the noise about the latest management framework, or the next idea about how leadership should be done.

2. Dont follow the money, follow your passion Sam Walton didnt start off his variety stores with an ambition to become rich he simply had a passion for his craft and at each point in time, he only wanted to do it better and better.

The thing is, if you follow the money, youll be running from one business opportunity to another, without any focus. But Sam Walton had one focus: retail and so should you. When you follow your passion, youll be successful, in whatever craft you do, and youll become a leader in that field, no matter what is it.

3. Take care of your people

Sam Walton took extremely good care of his employees and he gave very employee a chance to become successful with him by allowing them to purchase stock options of Wal-mart at a discount. He treated them as associates of the business and wanted them to enjoy part of Wal-marts success.

VISION STATEMENT

BE THE WORLD WIDE LEADER IN RETAIL

MISSION STATEMENT
They dont have any official mission statement. They have a slogan Always low prices, Always If they have formal mission statement than it would be To provide quality product at everyday low price and with extended Customer Service

DIVISIONS OF WAL MART

McLanes Neighborhood Markets International Sams Club Supercenters Distribution Centers

SWOT ANALYSIS

STRENGHTS
Wal-Mart Stores, Inc. is the world's largest retailer, with $256.3 billion in sales in the fiscal year ending Jan. 31,2004. The company employs 1.6million associates worldwide through more than 3,600 facilities in the United States and more than 1,570 units. Powerful Retail Brand Information technology & data sharing Financial Position Supply chain & logistics capabilities Leadership Consistency

WEAKNESS
No Mission Statement The company is global, but has a presence in relatively few countries Worldwide. Carry large Inventory. Misconception among people. Criticisms

OPPORTUNITIES
Take over and Mergers Untapped Asian markets New locations

THREATS
Competition: locally and globally. Political problems Intense price competition

Best Quotes from Sam Walton Leadership

We're all working together; that's the secret. Capital isn't scarce; vision is.

High expectations are the key to everything.

I had to pick myself up and get on with it, do it all over again, only even better this time.

We let folks know we're interested in them and that they're vital to us. cause they are.