Doubleday, 1992. ISBN 0-385-42615-1
The
book tells the story of Sam Walton from his first full
time work as a management trainee in a J.C.Penney store
in Des Moines, Iowa, to his creation of America's largest
chain of supermarkets. The story is told with the help of
John Huey, using a chronological sequence and interviews
with his former associates. The writing style is schmaltzy but it can't hide voices that provide an interesting record. In the first instance there was no plan. Walton was successful at (almost) everything that he tried his hand at, whether it was delivering newspapers or reading management books to copy useful ideas, but he picked it up as he went along. In his own words,"..number 8 was another experiment...we rented an old Coca-Cola bottling plant. We didn't have systems, we didn't have ordering programs, we certainly didn't have a basic merchandising assortment...in fact when I look at it today I realise that so much of what we did in the beginning was really poorly done." What he (top) |
did
have was a good understanding of post-war small town
America and the book is worth reading for the portrayal
of this alone. In fact it is two or three books in one.
As a lifetime's exercise in trial and error by one of the
world's great experimenters, the reader receives some
very acute observations on sociology and business. The
last chapter "Running A Successful Company: Ten
Rules That Worked For Me" made this reviewer wonder
at the time wasted on any other management writing. Walton curiously comes across as no great egoist. He was fanatically interested in improving his business, trying out everything he could imagine, (he had his tape recorder removed by a store detective while noting down impressions and prices in a competing store) but his ultimate preference was to get out of his office and visit the stores. He seemed to genuinely enjoy the people who shopped there and the people who worked there and wanted to better the lives of all of them. This book is highly recommended. |
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