"Of all the notions I've heard about Wal-Mart, none has ever baffled me more than this idea that we are somehow the enemy of small-town America. Nothing could be further from the truth: Wal-Mart has actually kept quite a number of small towns from becoming practically extinct by offering low prices and saving literally billions of dollars for the people who live there, as well as by creating hundreds of thousands of jobs in our stores."Whether you're a Wal-Mart fan or not, this is an inspiring story, filled with principles that will be helpful for whatever career a person is in. There's even a picture of Sam washing dishes after a church supper. Apparently he and Helen were very active members in a PCUSA (Presbyterian Church USA) congregation.
Thursday, June 01, 2006
made in america
The past couple of weeks, I've been reading Made in America, the autobiography of Sam Walton, founder of Wal-Mart. I bought it for $5.97 at Wal-Mart as an impulse buy. Its really very interesting. I know that Wal-Mart is considered the enemy of small business in many places. Adding to this is that, in this book, Walton describes how they always targeted small towns, because all of the other discount stores (like K-Mart) were only hitting towns of over 50,000. Walton himself started out at JCPenney's and then was very successful at running a Ben Franklin franchise. He actually got into the discount store business because the trend was going that way and he was about to get left behind. Unfortunately for his competition, his kicked their butts! Here's quote from page 226 of the book.