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Samuel Walton Research Paper

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Samuel Walton is one if not the most impact full entrepreneur of the 21stCentury. He is mostly know for being the founder of internationally know “Wal-Mart’. Samuel was always pretty successful and his classmates named him “most Versatile boy” as said on Sam Walton’s Biography. Soon after Mr. Walton opened Wal-Mart it didn’t take long for him to grow from an idea to an empire.

Samuel Walton was born on March 29, in Kingfisher Oklahoma. His father was a banker and in his early life he and his family moved to Missouri where he was raised. He Graduated from Hickman High School and soon after from The University of Missouri in Columbia with a degree in economics. After college Samuel got his first job with the J.C. Penny Company. Not long after enlisting in the army and serving as an Army captain in World War II …show more content…

That unfortunately didn’t last long as his landlord did not want to renew his lease. His spirit still strong he went out and started his own business by opening Walton’s five and Dime. His store being successful making profit and with help of other investors he opened new stores soon after one another and eventually was proud to own 15 stores. When Walton wasn’t satisfied with the profit he came up with the idea of cutting prices in order to increase sells, which benefit both the customer and the retailer. So once again Walton opened a new franchise called Wal-Mart. “In the first year after going public, Wal-Mart added six stores, followed by 13 stores in each of the next two years, then 14, then 26.” By 1980 Wal-Mart had 100 stores opening per year. Five years later Forbes listed him as the richest man in the United States. At the peak of his company’s globalization he resigned As CEO and gave his position to David Glass.
He still remained active in the company but was not longer in

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