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Managerial Communication

Company Name

Presented by:

Group no. 5

Walton hall

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GREAT BUSINESS LEADER

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Roadmap

Introduction

Childhood

Graduation

Turning point

Business strategy

Style of leadership

Culture Development His beliefs

Ten commandments of Business

Quotes

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Introduction

Samuel Moore Walton was born on March 29, 1918 inKingfisher, Oklahoma

He was the founder and chairman ofWal-Mart storesthe worlds largest retailer

In 1992 he received the Presidential Medal of Freedomfor his pioneering efforts

1998 Time Magazine listed him in top 100 mostinfluential people of the 20th Century

People's Republic of China awarded him the Golden StarForeigner's Award for "tireless assistance in thedevelopment of People's owned factories

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His business has been described as anextremely well managed one

Sam Walton avoided publicity about himself,preferring that his stores occupy the spotlight

He played a direct role in the administration ofstores at all levels

His articulation of a vision for his firm is agreat example of the conscious creation of acorporate culture

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Childhood

Sam became the youngest Eagle scout inthe state's history when he was in 8th

standard.

In high school he won state titles in bothbasketball and football, he never lost anygame

he also served as vice president of thestudent body in his junior year andpresident in his senior year

He performed well enough academicallyto become an honors student

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Graduation

He Joined the University ofMissouri and majoredin Economics

During graduation, he was voted as "MostVersatile Boy and in 1940, also voted as"permanent president" of the class

After graduation Walton joined JC Penney's as a

management trainee in Des Moines, lowa In 1942 he resigned and joined Army for three

years as an Army intelligence officer during WorldWar II

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Turning point

His first exposure to the possibilities of retail had

come in 1939 when he met with a person Hugh

Mattingly

Mattingly and his brothers started a variety store

chain which had grown to around sixty stores by thattime

In 1945, after leaving the military, he decided to own

a department store

His father-in-law helped him with a loan of $20,000,plus $5,000 he had saved from his time in the Army,

Walton purchased a Ben Franklin variety store in

Newport, Arkansas

I

n 1962 the first Wal-Mart store opened in Rogers,Arkansas

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Business strategy

Concepts that made his business a success :

It Includes a wide variety of low priced goods

keeping store open longer than most other stores

Buy goods in large quantities from the lowest

priced wholesaler Cheap prices came large sales volume which

allowed him to purchase even cheaper wholesalegoods

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Style of leadership

He enjoyed most in seeing people achievemore than he, or even they, thoughtpossible

His Words- Listen to your people and respond to their needs

Recruit employees who have the capacity toreplace you

Allow people to think and try new things (or areyour ideas the only ones that matter)

Create an environment that allows your staff tocomfortably disagree with you

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Culture Development

Give Me a W!

Give Me an A!

Give Me an L!

Give Me a Squiggly!

(Here, everybody sort of does the twist.)

Give Me an M!

Give Me an A!

Give Me an R!

Give Me a T!

What's that spell?

Wal-Mart!

What's that spell?

Wal-Mart!

Who's number one?

THE CUSTOMER!

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His Beliefs

Think one store at a time

Communicate, Communicate,

Communicate Keep your ear to the ground

Push responsibility and authority

down Force ideas to bubble up

Stay lean & fight Bureaucracy

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Ten Commandments of Business

Given By Sam Walton1. Commit to your goals

2. Share your rewards

3. Energize your colleagues4. Communicate all you know

5. Value your associates

6. Celebrate your success

7. Listen to everyone8. Deliver more than you promise

9. Work smarter than others

10. Blaze your own path

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Quotes

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

"High expectations are the key to everything."

"Outstanding leaders go out of the way to boost the self-esteem of their personnel. If people believe in themselves,it's amazing what they can accomplish."

"I have always been driven to buck the system, to innovate,to take things beyond where they've been."

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

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THANKYOU