Unit4 Individual Project Essay

3189 words - 13 pages

Unit4 - Individual Project

Robert Sprankle

Lower Division Capstone: BUSN300 - 1303B - 04

Rodney.Cullifer

September 22, 2013

Abstract

Sam Walton, the founder of Wal-Mart, grew up poor in a farm community in rural Missouri during the Great Depression... The poverty he experienced while growing up taught him the value of money and to persevere.
After attending the University of Missouri, he immediately worked for J.C. Penny where he got his first taste of retailing. He served in World War II, after which he became a successful franchiser of Ben Franklin five-and-dime stores. In 1962, he had the idea of opening bigger stores, sticking to rural areas, ...view middle of the document...

.. Encourage your associates to hold a stake in the company. Offer discounted stock, and grant them stock for their retirement. It's the single best thing we ever did.
Rule 3: Motivate your partners. Money and ownership alone aren't enough. Constantly, day by day, think of new and more interesting ways to motivate and challenge your partners. Set high goals, encourage competition, and then keep score. Make bets with outrageous payoffs. If things get stale, cross-pollinate; have managers switch jobs with one another to stay challenged. Keep everybody guessing as to what your next trick is going to be. Don't become too predictable.
Rule 4: Communicate everything you possibly can to your partners. The more they know, the more they'll understand. The more they understand, the more they'll care. Once they care, there's no stopping them. If you don't trust your associates to know what's going on, they'll know you really don't consider them partners. Information is power, and the gain you get from empowering your associates more than offsets the risk of informing your competitors.
Rule 5: Appreciate everything your associates do for the business. A paycheck and a stock option will buy one kind of loyalty. But all of us like to be told how much somebody appreciates what we do for them. We like to hear it often, and especially when we have done something we're really proud of. Nothing else can quite substitute for a few well-chosen, well-timed, sincere words of praise. They're absolutely free - and worth a fortune.
Rule 6: Celebrate your success. Find some humor in your failures. Don't take yourself so seriously. Loosen up, and everybody around you will loosen up. Have fun. Show enthusiasm - always. When all else fails, put on a costume and sing a silly song. Then make everybody else sing with you. Don't do a hula on Wall Street... It's been done. Think up your own stunt. All of this is more important, and more fun, than you think, and it really fools competition. "Why should we take those cornballs at Wal-Mart seriously?"
Rule 7: Listen to everyone in your company and figure out ways to get them talking. The folks on the front lines - the ones who actually talk to the customer - are the only ones who really know what's going on out there. You'd better find out what they know. This really is what total quality is all about. To push responsibility down in your organization, and to force good ideas to bubble up within it, you must listen to what your associates are trying to tell you.

Rule 8: Exceed your customer's expectations. If you do, they'll come back over and over. Give them what they want - and a little more. Let them know you appreciate them. Make good on all your mistakes, and don't make excuses - apologize. Stand behind everything you do. The two most important words I ever wrote were on that first Wal-Mart sign: "Satisfaction Guaranteed." They're still up there, and they have made all the difference.
Rule 9: Control your expenses better...

Other Essays Like Unit4 - Individual Project

The French And Indian War: The "Real" First World War

1955 words - 8 pages later claim to be as important to the history of Britain as was Winston Churchill. Through this examination of William Pitt, the author is able to move about the period of history through the many assignments and tasks set forth by the British government. He also takes this time to describe in more detail the progressive situation that evolves as the British and French modify their individual tactics in regards to North America. It is in this

Is The Use Of Animals In Medical Research A Necessary Measure?

1513 words - 7 pages from the use of fewer animals or obtaining more information from a given number of animals so that fewer animals are needed to complete a given research project or test” (Zurlo). Even though the use of reduction does not entirely stop the use of animals, it is a start that will lead to the use of other procedures. The use of refinement procedures suggests that instead of doing way with animals, scientists should treat them more humanely

Education And The Evolving Job Market

2363 words - 10 pages their students’ precious talents and interests dear to the heart of every lesson. These wise words of Dewey and Noddings still continue to ring true today. Teachers are still looking for a way to shape the individual, to prepare students for the ever-changing future and must do so by acknowledging their strengths and talents while helping them develop other necessary skills and understanding. But, what exactly are the current educators of our

Young And Relentless

1737 words - 7 pages There are numerous influences that can be responsible of teenager’s behaviors and attitude as they develop. One factor that is important to these behaviors is parental figures being over involved or uninvolved in their children’s lives. Many of these effects include illegal substance abuse, rising sexual activity, underage alcohol consumption, and tobacco use. Studies show parental participation plays a key role in the characteristics developed

The Natural Law Theory

1231 words - 5 pages something else, then actual motion could never have got started, and there would be no motion now. But there is motion now. So there must be a First Mover which is itself unmoved. This First Mover we call God (Archon 1). The final crucial proof of the existence of God is Aquinas fourth proof. This proof looks at qualities of humans; all humans possess many different attributes which we consider unique to each individual. This is when standards are

Resolved: Presidential Signing Statements Threaten To Undermine The Rule Of Law And The Separation Of Powers

1811 words - 8 pages The subject of signing statements has created much debate among the houses of Congress, government officials, and the public alike. These signing statements fall under the categories of constitutional and legislative history signing statements. Constitutional signing statements are those in which the president deems certain provisions of the legislation as unconstitutional, therefore they should not be enforced (Bradley & Posner, 2006

Oppressive Systems Of Government In Egypt And Animal Farm

1529 words - 7 pages As in Egypt, Orwell demonstrates through his allegorical novel “Animal Farm” that leaders are able to establish and maintain power over a people, and in turn create an oppressive and corrupt government system. Orwell shows the significant difference in the education and levels of knowledge in the animals, and how the government takes advantage of this difference. The split between the levels of intelligence is portrayed in the first chapter when

The Pathway To Psychosis

1415 words - 6 pages discovers that Claudius murdered his father in order to become king, and he takes it upon himself to avenge his father’s death. Throughout the play, the severe stress of the situation seems to take its toll on Hamlet putting him in a depressed state, and eventually over time he grows ‘mad’. To put in psychological terms, he developed psychosis. The question that this paper will address is how an individual develops psychosis

Rated “M” For “More Censorship Not Needed”

1241 words - 5 pages Since the moment video games became a commercial success there have been people who have pushed for unfair amounts of censorship to be placed upon the content of the games and its availability to children. These groups push for increased regulations on content but there is already an appointed group to handle this issue, the ESRB. Even though there has been an increase in mature content in the video game industry, increased censorship is not

Four Components Of A Legally Astute Social Media Marketing Manager

1914 words - 8 pages feature instead of seeing the law as something that is preventing you from achieving you goal. Use the law to make products that exceed what is required by the law. By thinking ahead of the changes in the law this give you the advantage, to get legal counsel involved at the beginning of a project, so that they can anticipate what will be required as far as legal advice on new business ventures, whether something is possible as it pertains to the

Obama's Values

1217 words - 5 pages reason to give up, he learns that every individual has a life-changing story that shaped him or her profoundly. He also learns to value education and to strengthen his faith toward the organization in making changes to the community. He doesn’t want to just talk about how wonderful it could be, he actually wants to take action transforming unfavorable to favorable. Barack Obama is determined to help people fight for what is just and deserved

Related Papers

The Separation Of Capital Ownership And Control

1577 words - 7 pages the shareholders. They take the most risk of a firm’s performance and suffering scarcity of efficient monitoring and information. However, the modern capital market allows risk bearers to shift corporations more freely with low transaction cost and to minimize their securities. Moreover, by pooling an efficient investment portfolio, investors can diversify risks to prevent relying too much on one firm. Consequently, an individual investor may not

The Versatility And Flexibility Of Oled's

1014 words - 5 pages In April 1, 2002, organic light emitting diodes gain rise in the scientific community with their published, more practical form at Ames Laboratory. “Scientists at the U.S. Department of Energy's Ames Laboratory, in collaboration with scientists at the University of Michigan, Ann Arbor, have developed and demonstrated a novel, fluorescence-based chemical sensor that is more compact, versatile and less expensive than existing technology of its

Comparing The Moral Virtues Of Antony And Julian The Apostate

1103 words - 5 pages Roman emperor Julian the Apostate and Christian leader Antony both exhibited many qualities of character during their existence. Both of them led very distinctive lives although shared several ethical values. Book 25 of “The Later Roman Empire” and the book “Early Christian Lives” show concrete evidence of this. In the following essay, I will argue how both leaders’ lives were devoted to their religious beliefs and their mutual cardinal virtues

Living In A Cashless Society Essay

1637 words - 7 pages Money in a traditional sense no longer exists. Money is becoming much of a concept than a physical material, and most ordinary bitter have not see the reality of the switch. People today are using credit and debit cards on a regular basis and in everyday situations such as meal purchased at fast food, highway tolls, clothing, groceries, gas stations, etc. all of these means of systems could be regarded as a cashless society or world. The question