Sam Walton and Wal-Mart Essay - 2021 Words

Sam Walton and Wal-Mart Sam Walton was born on March 29, 1918 to Thomas Gibson and Nancy Lee Walton near Kingfisher, Oklahoma. In Oklahoma, they owned and lived on a farm until 1923. The Waltons then decided that the farm was not profitable enough to raise a family on. So, Sam and James (Sams younger brother born in 1921) dad decided he would go back to being a Farm Loan Appraiser. Once this job started the Walton family moved out of Oklahoma and moved from town to town in Missouri. This would traumatize most children but for the Walton boys though it was no big deal. This could be seen when Sam was in 8th grade at Shelbina he became the youngest boy in the states history to become an Eagle Scout and this was only a start of his†¦show more content†¦While accomplishing all this he was also in the National Honor Society. When Sam Walton graduated in 1940 he was voted the permanent President of his class. Three days after graduation he entered the retail world working at JcPenneys in Des Moines, Iowa as a management trainee earning a salary of $75.00 a month. As Sam grew up and anyone could see how determined he was to succeed and as time passed he went from being a poor town boy to the richest man in the world. He gained experience at Penneys but in early 1942 Walton resigned to wait to be inducted into the military services for World War II. While waiting, Sam took a job in a Du Pont munitions plant near Tulsa, Oklahoma. While working and living near Tulsa, Sam met his future wife Helen Robson. She lived in a little town called Claremore where she attended Claremore High School and graduated valedictorian of her class and went on to attend college at the University of Oklahoma at Norman and graduated with a degree in business. They met in April of 1942 and were married on February 14, 1943. In 1944 they had their first son, Samuel Robson (Rob), John Thomas was born in 1946, James Carr (Jim), born in 1948, and Alice born in 1949. Her father was L.S. Robson, a prosperous banker and rancher who would go on to help Sam start his first store . Soon after they were married, Sam went to serve in the US Army intelligence corps in the continental UnitedShow MoreRelatedEnthusiastic and Ruthless Sam Walton: Founder of Wal-Mart587 Words   |  2 PagesSam Walton was born on March 29, 1918 in Kingfisher, Oklahoma. Shortly after he was born his family uprooted and moved to Missouri. Sam grew up in Missouri playing sports in high school and was a good student. He later attended the University of Missouri where he graduated with a degree in economics. After serving in World War 2, he opened his first business, a Ben Franklin franchise in Newport, Arkansas. Over a 20 year period he came to own 15 Ben Franklin stores with the help of his brother. WaltonRead MoreWal Marts Cost Of Convenience1212 Words   |  5 PagesWhen one considers Wal-Mart, their initial thoughts are usually not very distasteful, and convenience is quick to come to mind. Convenience should be considered a four-letter word for most corporations since the cost of co nvenience is so much that it does not take a world-class poker player to know the odds of coming out ahead are zilch. In order to make convenience a profitable business, Wal-Mart has to hide the shortcuts behind the faà §ade of convenience. Once we get passed the faced that allowsRead More The Influence of Sam Walton on the Retail Industry 1202 Words   |  5 PagesSam Walton was a genius mogul and was the founder of Wal-Mart. His retail visionary skills took a small-town variety store in Alabama, and transformed it into the largest retail company in the world. Even after his death, 20 years ago, he influence is still witness today in the retail industry. Be an Innovator Sam Walton’s main philosophy was to keep cost low, which kept prices low. It is a simple premise but is very problematical in practical use. This brings me to the first lesson thatRead MoreWal Mart Stores, Inc. Essay725 Words   |  3 PagesCompany Wal-Mart Stores, Inc. also referred to as Walmart is the company that I am going to research for my proposal. The company website is www.walmart.com and the corporate website is www.corporate.walmart.com. Wal-Mart Stores Inc., (2016) stated that Sam Walton opened the first Walmart Discount City in 1962 in Rogers, Arkansas. Before Wal-Mart Discount City; Sam and James Walton, brothers opened up a variety store franchise in 1945 (Wal-Mart Stores Inc., 2015) Sam Walton had retail experienceRead MoreEssay about Wal-Mart1542 Words   |  7 PagesThe founder of the Wal-Mart chain, Sam Walton was born in March 1918 in the town of Kingfisher, Oklahoma. Graduating from the University of Missouri, Sam enlisted in the Army for the World War II effort. Upon his return, Sam worked for a while at the J.C. Penney group of stores. He began to realize that opportunities existed in the large scale discount retailing business (nickel and dime stores). The idea and business philosophy of Wal-Mart borrowed from the nickel and dime stores of earlier timesRead MoreMgt/330 Wal-Mart Organizational Paper1102 Words   |  5 PagesWal-Mart Organizing Paper Ian Ericson MGT/330 February 19, 2013 David Ball Wal-Mart Organizing Paper Business economy today has seen vast amounts of businesses fail. However, Wal-Mart Corporation is standing and increases their revenue yearly. In 2009 alone, Wal-Mart generated approximately $404 billion dollars in revenue. That type of success only proves that the organization has everything in order to keep on the track of success. Within this paper, an evaluation of the organizingRead MoreWal-Mart Store Company Overview Term Paper1294 Words   |  6 PagesWal-Mart Stores, Inc. Executive Summary Wal-Mart has grown to be the world’s largest retail and grocery store with sales soaring to $419 billion in fiscal year 2011. Wal-Mart employs over 2 million associates worldwide in 9,600 retail units and operates in 28 countries. Wal-Mart has enjoyed its success since 1962 when the first store opened in 1962 in Rogers, Arkansas. Wal-Mart was founded by Sam Walton who envisioned a retail store that could â€Å"save people money to help them live betterRead MoreEssay on The Pros and Cons of Wal-Mart1656 Words   |  7 Pagesknows, much like the post office or even city hall. Wal-Mart. That is where the oddity lies, in the fact that a retail store is just as well known as staples for towns across the nation; not to mention the fact that Wal-Mart isn’t just in the United States, but around the world. Founder of the billion dollar industry, Sam Walton, did expect success from his endeavor, but no one could have foreseen just how influential the retail store would be. Wal-Mart is an astonishingly successful business with humbleRead MoreWal Marts Impact On The World1318 Words   |  6 PagesIn 1945, Sam Walton opened his first variety store and in 1962, he opened his first Wal-Mart Discount City in Rogers, Arkansas. Now, Wal-Mart is expected to exceed â€Å"$200 billion a year in sales by 2002 (with current figures of) more than 100 million shoppers a week†¦(and as of 1999) it became the first (private-sector) company in the world to have more than one million employees.† Why? One reason is that Wal-Mart has continued â€Å"to lead the way in adopting cutting-edge technology to track how peopleRead MoreWalmart Case Analysis1680 Words   |  7 Pages Analysis of the issues: Personnel In order to understand Wal-Mart’s history and view towards its associates, one has to look at its roots and the policies that were instituted by Sam Walton in their early years. Sam Walton started Wal-Mart at the age of 44 and approached the management of the company like a store manager would. Sam Walton micro-managed his stores and placed profit and growth above everything. In the 1960’s American South mechanization

International Trade A New Concept - 2257 Words

International trade is focused on the exchange of goods, services and capital across national borders. According to Ball et al. (2012) international trade brings many benefits to the consumer, such as larger variety of products and services, on the other hand also benefits the country’s economy such as creation of jobs, innovation or reduction of poverty. World Trade Organisation (2013:online) proposes that merchandise exports of WTO members totalled US $17.3 trillion in 2012 and export of commercial services totalled US $4.25 trillion in 2012 and suggests that size of the international trade continues to increase. The top five world’s merchandise exporters are Germany, United States, China, Japan and France, in addition world’s top five service exporters are United States, United Kingdom, Germany, Japan and France (Wild et al., 2010). The concept of trade and international trade is not a new concept, it occurred many thousands of years ago (Schmitz and Schmitz, 2014). Figures for international trade- why is it important Make sure you understand the main theories of trade -- neoclassical comparative advantage and new trade theory (and whilst Porter s Diamond Model isn t formally a theory of trade, there are a number of ways in which it overlaps with theories of trade, particularly new trade theory). The reading material, particularly the textbook book chapters I have included on the list, discuss these various theories and the implications for free or managedShow MoreRelatedEssay on International Trade Simulation987 Words   |  4 Pagessummarize the International Trade Simulation, explain the basic concept of International Trade, emphasize the four key points from the reading assignments in the simulation, and apply these concepts to my workplace. Simulation Summary In the International Trade simulation, you are the Trade Representative of a small country called Rodamia. You are introduced to international trade--the theory of comparative advantage and the impact of tariffs, quotas, and dumping on international trade (Applying InternationalRead MoreEssay on International Trade Concepts Simulation827 Words   |  4 PagesInternational Trade Concepts Simulation Abstract The following paper will present information found in a simulation based on international trade concepts. Key points found from the reading will be noted and concepts discussed will be shown integrated in the workplace. International Trade Concepts Simulation International trade has become a very important means of survival for global economies in this day and age. As countries continue to grow and resources become smaller, trade with otherRead MoreDavid Ricardos The Principle Of Political Economy And Taxation1519 Words   |  7 Pagesmodern economics was David Ricardo who developed the concept of the comparative advantage of trade. This concept is a part of the classical theory of trade and was published in 1817 in David Ricardo’s book entitled the Principles of Political Economy and Taxation (Appleyard Field, 2014, p. 30). This paper will address the effectiveness of this concept as it has been applied to real-world international trade after the General Agreement in Trade and Tariffs (GATT) was signed in 1947. How the levelRead MoreDifferent Theories Concepts Of International Trade Theories1697 Words   |  7 Pagesdifferences between different theory concepts of international trade theories. The author will analysis and se riously assess their believe concepts and believe. The author of this assignment agrees with the economist that international trade is the interdependence of nations in terms of trade. International trade theories are basically different theories, with their concept of trade how they explain international trade. The concept of majority of economist believes that, trade is about exchanging goods andRead MorePolitical Factors That Affect International Business1020 Words   |  5 Pagesfactors that affect international business include† (Justin Ervin. Zachary Smith A.2008). One significant political environmental factor that influences international business operation is trade agreements. Countries frequently enter into trade treaties to further facilitate trade between themselves. Case in point, a European Union consisting of countries like France, Germany and Italy where the organizations of these member states can with few legal requirements, these international business haveRead MoreChallenges Faced By International Businesses Essay1506 Words   |  7 PagesIn this modern globalized world, there have been many challenges for International Businesses to seek for opportunity and chance to expand their business to a wider marketplace. There are many ways for international businesses to seek those opportunities, such as through exporting goods and services, starting a joint venture with a company, opening a branch for distributing goods, and giving license to produce goods. From these ways to seek opportunities, there are basically three major motives, Read More Challenging Comparative Advantage Essay1410 Words   |  6 Pagesbenefits of mutual trade (Carbaugh, 2008). Many underlying assumptions of comparative advantage depend on states of economic equilibrium and an absence of economy of scale. In reality, economies are dynamic and subject to innovation and interference; which has led to revised assumptions of return and competition (Krugman, 1987). These factors have created questions of free trade and governmental participation in an economy by the development of strategic trade policies. These new concepts do not replaceRead MoreThe International Trade Concepts1357 Words   |  6 PagesThe International Trade Concepts The International Trade Concepts simulation helps one to learn the advantages and limitations of international trade. One can also take what is learned from the simulation and relate it to the U.S. economy and the effects international trade has on it. Learning about how fiscal and monetary policies affect the exchange rate is important as well. Not only can one apply what was learned in the simulation to the U.S. economy but they can also apply it to their workplaceRead More International Trade Essay865 Words   |  4 Pages International Trade What is International Trade?   Ã‚  Ã‚  Ã‚  Ã‚  International trade is defined as trade between two or more partners from different countries in the exchange of goods and services. In order to understand International trade, we need to first know and understand what trade is, which is the buying and selling of products between different countries. International Trade simply is globalization of the world and enables countries to obtain products and services from other countries effortlesslyRead MoreGlobalization: Its Effects Key Drivers and Supporting Theories695 Words   |  3 Pagesinterdependence of countries world-wide through the increasing volume and variety of cross-border transactions in goods and services and of international capital flows, and also through the more rapid and widespread diffusion of technology. There exists a number of traditional international trade theories that in one way or the other support the globalization concept. One of these theories is mercantilism which is largely based on the view that nations should export more (while discouraging imports)

Sachin Tendulkar Free Essays

Sachin Ramesh Tendulkar  (English pronunciation:  /s t n t? n? du? lk? r/  (  listen); born 24 April 1973)[1]  is an  Indian cricketer  widely acknowledged as the greatestbatsman  in  One Day Internationals[2]  and second only to  Don Bradman  in the all time greatest list in  Test cricket. [3]  In 2002,  The Wisden  ranked him the second greatest Test batsman of all time, behind  Don Bradman, and the second greatest one-day-international (ODI) batsman of all time, behind  Viv Richards. [4]  Tendulkar was a part of the  2011 Cricket World Cup  winning  Indian team  in the later part of his career, his first such win in six World Cup appearances for India. We will write a custom essay sample on Sachin Tendulkar or any similar topic only for you Order Now 5]  He was also the recipient of â€Å"Player of the Tournament† award of the  2003 Cricket World Cup  held in South Africa. Tendulkar won the 2010  Sir Garfield Sobers Trophy  for cricketer of the year at the ICC awards. [6]  He has been recommended for the receipt of the  Bharat Ratna  award, in fact it has been speculated that the criteria for the award of the  Bharat Ratna  was changed to allow him receive the award. [7][8]  He is also a member of  Rajya Sabha  ofParliament of India. [9]  Tendulkar passed 30,000 runs in international cricket on 20 November 2009. On 5 December 2012, Tendulkar became first batsman in history to cross the 34,000 run aggregate in all formats of the game put together. [10][11][12]  At 36 years and 306 days, he became the first ever player to score a double-century in the history of ODIs. Two years later he became the first player to score 100 international centuries. As of December 2012, Tendulkar has played 657 matches in international cricket. [13] Tendulkar has been honoured with the  Padma Vibhushan  award, India’s second highest civilian award, and the  Rajiv Gandhi Khel Ratna  award, India’s highest sporting honour. He was also the first sportsperson and the first one without  aviationbackground to be awarded the honorary rank of  Group Captain  by the  Indian Air Force. Tendulkar has received honorary doctorates from  University of Mysore  andRajiv Gandhi University of Health Sciences. [14][15]  Sachin holds the 19th rank in  ICC Player Rankings  for Test batsmen as of 17 March 2013. [16]  On 1 August 2012, Sachin Tendulkar was nominated for the ICC People’s Choice award for the third time. [17]  In 2012, he was nominated to  Rajya Sabha, the upper house of theParliament of India. Sachin Tendulkar was named as an Honorary  Member of the Order of Australia  in 2012. [18]  On 23 December 2012, Tendulkar announced his retirement from ODIs. [19][20][21][22]  Tendulkar has already stated that he will not be playing  T20 Internationals  [23] Contents  Ã‚  [hide]   * 1  Early years and personal life * 1. 1  Beliefs * 2  Early domestic career * 3  International career * 3. 1  Early career * 3. 2  Rise through the ranks * 3. 3  Captaincy * 3. 4  Injuries and apparent decline * 3. 5  Return to old form and consistency * 3.   2007/08 tour of Australia * 3. 7  Home series against South Africa * 3. 8  Sri Lanka Series * 3. 9  Return to form and breaking the record * 3. 10  ODI and Test Series against England * 3. 11  2009–2010 * 3. 12  2011 World Cup and after * 3. 12. 1  100th international century * 3. 12. 2  Return To Ranji Trophy and retirement from ODIs * 4  Indian Premier League and Champions League * 5   Style of play * 6  Controversies * 6. 1  Mike Denness incident * 6. 2  Ferrari import tax * 7  Fan following * 8  Business interests * 8.   Commercial endorsements * 9  Political career * 10  Career achievements * 10. 1  Individual honours and appreciations * 10. 1. 1  National honours * 10. 1. 2  Other honours * 11  Philanthropy * 12  Biographies * 13  See also * 14  Further reading * 15  Notes * 16  References * 17  External links| ————————————————- Early years and personal life Tendulkar was born on 24 April 1973 into a  Rajapur Saraswat Brahmin  family in Bombay (now  Mumbai). [24][25][26]  His father Ramesh Tendulkar was a reputed  Marathi  novelist and his mother Rajni worked in the insurance industry. 27]  Ramesh named Tendulkar after his favourite music director,  Sachin Dev Burman. Tendulkar has three elder sibli ngs: two half-brothers Nitin and Ajit, and a half-sister Savita. They were Ramesh’s children from his first marriage. [28]  He spent his formative years in the  Sahitya Sahawas Cooperative Housing Society,  Bandra (East), Bombay. As a young boy, Tendulkar was considered a bully, and often picked up fights with new children in his school. [29]  He also showed an interest in  tennis, idolising  John McEnroe. [30]  To help curb his mischievous and bullying tendencies, Ajit introduced him to cricket in 1984. He introduced the young Sachin to  Ramakant Achrekar, a famous cricket coach of Bombay and a club cricketer of repute, at  Shivaji Park,  Dadar, Bombay. Achrekar was impressed with Tendulkar’s talent and advised him to shift his schooling to Sharadashram Vidyamandir (English) High School,[1]  a school at Dadar which had a dominant cricket team and had produced many notable cricketers. [31]  Prior to this, Tendulkar had attended the Indian Education Society’s New English School in Bandra (East). [31]  He was also coached under the guidance of Achrekar at Shivaji Park in the mornings and evenings. 32]  Tendulkar would practice for hours on end in the nets. If he became exhausted, Achrekar would put a one-rupee  coin on the top of the  stumps, and the bowler who dismissed Tendulkar would get the coin. If Tendulkar passed the whole session without getting dismissed, the coach would give him the coin. Tendulkar now considers the 13 coins he won then as some of his most prized possessions. [33]  He moved in with his aunt and uncle, who lived near Shivaji Park, during this period, due to his hectic schedule. [31] Sachin Tendulkar and his wife Anjali Meanwhile at school, he developed a reputation as a child prodigy. He had become a common conversation point in Mumbai cricketing circles, where there were suggestions already that he would become one of the greats. Besides school cricket, he also played club cricket, initially representing John Bright Cricket Club in Bombay’s premier club cricket tournament, the Kanga League,[31]  and later went on to play for the  Cricket Club of India. [34]In 1987, at the age of 14, he attended the  MRF Pace Foundation  in Madras (now  Chennai) to train as a  fast bowler, but Australian fast bowler  Dennis Lillee, who took a world record 355 Test wickets, was unimpressed, suggesting that Tendulkar focus on his batting instead. 35]A couple of months later, former Indian batsman  Sunil Gavaskar  gave him a pair of his own ultra light pads. â€Å"It was the greatest source of encouragement for me,† Tendulkar said nearly 20 years later after surpassing Gavaskar’s world record of 34 Test centuries. [36]  His season in 1988 was extraordinary, with Tendulkar scoring a century in every innings he played. He was involved in an unbroken 664-runpartnership  in a Lord Harris Shield inter-school game against Anjuman-E-Islam High School in 1988 with his friend and team-mateVinod Kambli, who would also go on to represent India. The destructive pair reduced one bowler to tears and made the rest of the opposition unwilling to continue the game. Tendulkar scored 326 (not out) in this innings and scored over a thousand runs in the tournament. [37]  This was a record partnership in any form of cricket until 2006, when it was broken by two under-13 batsmen in a match held at  Hyderabad  in India. On 24 May 1995,[38]  at the age of 22, Tendulkar married Anjali, a  paediatrician  and daughter of  Gujarati  industrialist Anand Mehta and British social worker Annabel Mehta. Anjali is six years his senior. [39]  They have two children, Sara (born 12 October 1997) and Arjun (born 24 September 1999). Arjun, a left handed batsman, has recently been included in under-14 probables list of Mumbai Cricket Association for off-season training camp. In January 2013 he was selected in mumbai under-14 team for the west zone league  [40] Beliefs Tendulkar is known to be a religious person,[41]  and an ardent devotee of  Sathya Sai Baba  of Puttaparthi. [42][43][44]  He has visited Puttaparthi on several occasions to seek Baba’s blessings. 42][45]  In 1997, Tendulkar captained the Indian National side, playing against a World Eleven team, in the Unity Cup which was held at the hill view stadium in Puttaparthi, in Baba’s presence. [46][47]  After Sai Baba’s death, Tendulkar broke into tears when he saw the body of Baba in Puttaparthi, and cancelled his birthday celebrations. [48][49][50]  The cricketer is also known to celebrate G anesh Chaturthi at home and frequently visits temples during night when it is calm and quiet. [41][51]  The cricketer has also offered his prayers at several other  Hindu  temples across the country. 52][53] ————————————————- Early domestic career On 14 November 1987, Tendulkar was selected to represent  Bombay  in the  Ranji Trophy, India’s premier domestic  first-class crickettournament, for the 1987–88 season. However, he was not selected for the final eleven in any of the matches. [31]  A year later, on 11 December 1988, aged just 15 years and 232 days, Tendulkar made his debut for Bombay against  Gujarat  at home and scored 100 not out in that match, making him the youngest Indian to score a century on first-class debut. He was handpicked to play for the team by the then Mumbai captain  Dilip Vengsarkar  after watching him easily negotiating India’s best fast bowler at the time,  Kapil Dev, in theWankhede Stadium  nets,[1]  where the  Indian team  had come to play against the touring  New Zealand team. He followed this by scoring a century in his first Deodhar and Duleep Trophies, which are also Indian domestic tournaments. [54] Tendulkar finished the 1988–89 season as Bombay’s highest run-scorer. [note 1][55]  He also made an unbeaten century in the  Irani Trophy  match against  Delhi  at the start of the 1989–90 season, playing for the Rest of India. 56] In 1992, at the age of 19, Tendulkar became the first overseas-born player to represent  Yorkshire, which prior to Tendulkar joining the team, never selected players even from other English counties. [1][note 2]  Selected for Yorkshire as a replacement for the injuredAustralian  fast bowle r  Craig McDermott, Tendulkar played 16 first-class matches for the county and scored 1070 runs at an average of 46. 52. [57] His first double century was for Mumbai while playing against the visiting Australian team at the  Brabourne Stadium  in 1998. [1]  He is the only player to score a century in all three of his domestic first-class debuts. 58] ————————————————- International career Early career Raj Singh Dungarpur  is credited for the selection of Tendulkar for the Indian tour of  Pakistan  in late 1989,[59]  and that also after just one first class season. [60]  The Indian selection committee had shown interest in selecting Tendulkar for the tour of the  West Indies  held earlier that year, but eventually did not select him, as they did not want him to be exposed to the dominant fast bowlers of the West Indies so early in his career. Tendulkar mad How to cite Sachin Tendulkar, Papers