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Discover Sam Walton famous and rare quotes. Share inspirational quotes by Sam Walton and quotations about business and giving. "You can't just keep doing what works one..."
- Listening
Sam Walton (2012). “Sam Walton: Made In America”, p.293,...
- Expectations
The problem of unmet expectations in marriage is primarily a...
- Leadership
Being Strong, Business, Humble. 1279 Copy quote. To become...
- Competition
Sam Walton (2012). “Sam Walton: Made In America”, p.315,...
- Employees
Discover Sam Walton quotes about employees. Share with...
- Giving
Enjoy our giving quotes collection. Best giving quotes...
- Quality
Sam Walton Quotes About Quality Quotes about: Quality....
- Inspirational
Enjoy our inspirational quotes collection by famous authors,...
- Listening
- Trust People as Partners
- Find Ways to Motivate Your Partners
- Saturday Morning Management Meetings
- Don’T Take Things So Seriously
- Keep The Store Small
- Culture Is Inertia
Walton’s leadership can be summarized in one line: “Pick good people and give them maximum authority and responsibility.” Walton preferred hiring ambitious, entrepreneurial people. Even if someone seemed too inexperienced or lacked knowledge right then, they were recognized for their potential if they had the desire to work hard. Walton gave people...
In addition to having financial incentives, Walton instilled his love of competition to his team: 1. He set high goals, encouraged competition, and kept score. 2. He made ambitious bets on company performance, with outrageous payoffs. 3. He had managers switch jobs with one another to stay challenged and learn more dimensions of the company. “The b...
Wal-Mart long had the tradition of holding management meetings on Saturday morning. Hundreds of senior executives would attend, celebrating successes, discussing company strategy, and finding areas of improvement. Why the odd time? Walton felt that if store associates had to work on weekends, then the managers at headquarters should show up on Satu...
Walton felt it was important to have fun, not to walk around scowling all day “pretending you’re lost in thought over weighty problems.” He preferred a “whistle while you work” philosophy. People should know that they’re supposed to have a good time working. This spirit was inherited from their small-town roots: a love of parades, cheers, songs, an...
Even as Wal-Mart grew, Walton wanted the company to keep its small-store feel. In senior management meetings, they focused on how individual stores were doing on individual items.One store’s experience is what is happening to the entire company, times 10,000. Walton loved listening to individual employees. He particularly liked talking to the truck...
As healthy as a company culture might be, be aware that once a culture is in place, it becomes an inertial force and can make an organization resistant to change. For example: 1. Wal-Mart resisted hiring college graduates for a long time and even bullied them when hired. They believed that ambition and a tendency to get things done were more import...
- “There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.”
- “High expectations are the key to everything.” – Sam Walton.
- “If you love your work, you’ll be out there every day trying to do it the best you possibly can, and pretty soon everybody around will catch the passion from you – like a fever.”
- “Capital isn’t scarce; vision is.” – Sam Walton.
By trusting his employees and treating them as partners, Walton created a culture of collaboration, accountability and mutual respect that has taken Walmart to unprecedented heights. As Walton advocates, positive leadership involves experiencing, modeling, and purposefully reinforcing positive emotions within the organization.
In turn, they will treat you as a partner, and together you will all perform beyond your wildest expectations. Remain a corporation and retain control if you like, but behave as a servant leader in a partnership. Encourage your associates to hold a stake in the company.
Oct 14, 2013 · Sam Walton shared profits with his staff, in the belief they should be treated as a partner, and together the business will unite, and outperform the competition. 8. Communicate with your team. Sam Walton continually communicated with his staff, thinking “the more they know, the more they’ll understand, and the more they’ll care”.
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Sam Walton believed that effective leaders do not lead from behind their desks. “It’s more important than ever that we develop leaders who are servants, who listen to their partners—their associates—in a way that creates wonderful morale to help the whole team accomplish an overall goal,” Sam said.
