Summary of Made in America
Copyright © 1992 by the Estate of Samuel Moore Walton
Used by arrangement with Doubleday, an imprint of The Knopf Doubleday Publishing Group, a division of Random House, Inc.
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Wal-Mart is not just a gigantic retail company. It is the ultimate retailing juggernaut, setting the bar for products, packaging and pricing, and demolishing its competitors. Given its staggering influence, some would say Wal-Mart has become the very embodiment of retailing. It is the world’s biggest private employer and its largest (by revenue) public corporation, with 2008 sales topping $400 billion. It has 4,264 stores in the U.S. and, with its international subsidiaries, serves more than 100 million customers weekly across the globe. The personality of Wal-Mart’s late founder, Sam Walton, is still a driving force, a source of homespun, countrified wisdom and old-fashioned common sense. In this engaging autobiography, Walton explains how he built his mammoth corporation from a small five-and-dime store in Bentonville, Arkansas. The book doesn’t include much bad news, but you wouldn’t expect to find it here anyway. getAbstract recommends this colorful, entertaining book by America’s ultimate entrepreneur. He clearly was a determined steamroller as a businessman, but he was also a charmer – and that won’t surprise you either.
In this summary, you will learn
- Who Sam Walton was
- How he built Wal-Mart into the world’s largest retailer
- Which cherished business principles made him the king of retail
About the Authors
Sam Walton founded Wal-Mart and Sam’s Club. Forbes magazine identified him as the richest man in the U.S. from 1985 to1988. John Huey is the editor in chief at Time Inc.