Sam Walton: Made in America
[Autobiography of Wal-Mart's Founder]

- Creating Value for customers
- Being obsessed with Cost Control
- Taking care of employees
- Learning and Innovating
- Why stores Failed
- Sam’s Rules for Building a Business(Must Read)

A Thread 🧵👇

2/ Wal-Mart today is a $400B market-cap company with over $500B in revenues, $15B of net profits, and over $25B in operating cash flows. It also owns a majority stake in Flipkart, and thereby in Myntra and PhonePe.

3/ Develop Communication/People’s skill: “I learned early on that one of the secrets to campus leadership was the simplest thing of all, speak to people coming down the sidewalk before they speak to you.”

4/ Be obsessed with providing value to the customers, save them money by tightly controlling costs: On business trips, Sam Walton and his colleagues used to stay in one or two rooms, once 8 of them shared one room. Expenses were capped at 1% of the purchases.

5/ “We exist to provide value to our customers, which means that in addition to quality and service, we have to save them money. Every time Walmart spends one dollar foolishly, it comes right out of our customer’s pockets."