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Essay / Sam Walton Case Study - 1067
Sam Walton, the founder of Wal-Mart and Sam's Club, and John Mackey, the founder of Whole Foods both fit this description. Since they are both entrepreneurs, their job is to take original ideas and create businesses from them. Over time, these brilliant entrepreneurs have become icons. Although Sam Walton is no longer with us, he made a huge impact on the world. From its humble beginnings, Wal-Mart has helped many customers in rural areas to today serving the needs of everyone around the world. John Mackey, meanwhile, continues to grow his company, Whole Foods. Mackey is considered one of the most influential advocates of the organic food movement. His idea influenced other companies and, more importantly, inspired consumers to eat healthier. I will argue that my two pioneers developed original ideas that had a positive impact on all consumers in our country. My first pioneer, Sam Walton, died in 1992. He grew up during the Depression and understood that hard work was just the way to do it. of life. Working multiple jobs from a young age, he eventually came up with his own idea of starting a business. His idea was to stock stores with a wide variety of products sold at low prices. By lowering prices on all items and providing exceptional service, this allowed his business to make more money through higher sales. As great as this idea was, it was initially doubted by almost all of his competitors, but they were all proven wrong as his company grew to over 2,000 stores since 1991. “Sam Walton doesn't didn't invent retail, just like Henry Ford didn't invent the automobile. But just as Ford's assembly line revolutionized American industry, the p...... middle of paper ...... Mackey were/are two of the most innovative pioneers of our time. Although Walton did not invent discounting, he was the one who put it into practice. His idea wasn't something he thought of overnight, it was a combination of all his competitors' mistakes that he had studied in detail. Additionally, he was also a pioneer in his trust in employees. He believed that the workers who interacted with customers were the ones who knew best what the company should do. Like Walton, John Mackey did not invent organic foods, but he did create a grocery store that guaranteed consumers what they were buying. He took pride in selling premium organic, unprocessed foods to the public. Additionally, Whole Foods sets the standard for humane treatment of animals. These two men have had a remarkable impact on society and paved the way for future entrepreneurs..