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Sam Walton's Business Analysis

439 Words2 Pages

Sam Walton, founder of Sam’s Club is one of the most notable business leaders of his time. Passionate for excellent customer service, Walton wanted to use his resources to help other entrepreneurs have access to products they needed to make their businesses grow. (Sam's Club, n.d.) In 1983, Sam Walton opened the first Sam’s Club in Midwest City, Oklahoma. Today, Sam’s is a membership warehouse club that offers members quality products at a low price value unmatched by any traditional retail store. As a competitive advantage, instead of stocking every item in a variety of name brand, Sam’s Club merchant’s research to ensure each Club is stocking the right products and purchasing them in large enough quantities. (Sam's Club, n.d.) Sam’s also reduce costs by maintaining a clean warehouse environment by often displaying merchandise on shipping pallets for quick rotation (Sam's Club, n.d.). …show more content…

Claiming the title of the nation’s eighth largest retailer based on annual sales, Sam’s serves millions of customers at 650 locations in the U.S., Puerto Rico, Brazil, China, Mexico and online (Sam's Club, n.d.). Throughout this paper, I will take three economic principles as follows: Market Value of a Firm Depends on its Management, Planning for Growth and Development is an Economically Efficient Business Practice and lastly, Planning for Growth and Development and analyze how Sam’s Club is incorporating all three principles into their business. In addition to analyzing these three economic principles, I will also propose an efficiency improvement for management policies and practices. Literature

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