Sam Walton Final

Great Leaders

Presented by: Group # 35: • 20071738 Gennadiy Polyakov • 20074348 Elmira Nazyrova • 20084753 Olga Sandakova • 20083532 Kalamkas Nurlybayeva • 20083191 Ainur Rakhisheva

Oct 11, 2009

Leadership is an Art Form g n i v s o r ve p Im rsel ou

A Good Leader

Leader Where Are You?

Majority Of Leaders Are Searching After money

power recognitio n

The Leader Serves • to create new aims • to tweak old ones • to initiate new courses of action • to feel that “good enough” is not

Guess Who Is This… • He was born in Oklahoma, in 1918, in family of poor farmers • He milked family cows, bottled the surplus and drove it to customers • Afterwards, he would deliver newspaper on paper route Oct 11, 2009

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Sam Walton… …the legendary leader

Biography of Sam Walton • Was born in a farmer’s family in Kingfisher, Oklahoma on March 29, 1918 • Graduated from the University of Missouri in 1940. • First job – at JC Penney at $ 75 a month • Opened his first store in Arkansas in 1950- Walton’s 5 & dime • 11 stores by 1962. Opened 1st Wal-Mart "Each Wal-Mart store should reflect the values of its customers and support the vision they hold for their community."

Sam Walton’s leadership traits 1. Working in concert with others - SW made sacrifices and inspired others

2. Creating values that did not exist before - convenient working hours. - small markup - huge selection of goods in one place

Sam Walton’s leadership traits (contd..) 3. Exhibiting positive energy

- SW “attached” several tasks - his energy energized others

4. Actualizing - SW actualized the dream he had inspired in others - He was making others believe they could do the same

Sam Walton’s leadership traits (contd..)

5. Welcoming change (changing – progress)

- incentive bonuses - a discount stock purchase plan - promotion from within - pay raises based on performance not seniority - an open-door policy

Several Characteristics of Leader

• Leadership Motivation • Self-Confidence • Cognitive Ability • Honesty And Integrity • Knowledge Of The Business • Creativity • Flexibility • Drive

From Theory to Reality • Self-confidence - never stopped on one achievement, always relied on knowledge, thinking and tried to find new ideas • Creativity - unlimited energy and originality in order to simplify strategy for the followers and have ability to implement something new

From Theory to Reality (contd..) • Leadership Motivation - easily motivate other people to work for shared goals achievements

Comparative analysis of Sam Walton

&

Warren Buffett

Five personal leaders qualities •Communication • Generosity • Problem solving • Relationships • Vision

Communication Sam Walton

Warren Buffett

considered his employees - considers each CEO as as the associates; the associate;

inspired his associates to- encourages the feel loyalty for the associates to feel loyalty company; for their companies;

Confidence in others Encourage employees to participate

Generosity Sam Walton

- “communicate everything you possible can to your partners”

Warren Buffett

- “don’t waste your money on unnecessary things; just spend on them who really in need rather”

“Be grateful for whatever you have, put people first …” “Regard money as a resource, use it to accomplish things of value, develop the habit

Problem solving Sam Walton - “think one store at a time, keep your ear to the ground, and force ideas to bubble up”

Warren Buffett - “we need someone genetically programmed to recognize and avoid serious risks, including those never before encountered…”

“see the big picture, handle one thing at a time”

Relationships Sam Walton

Warren Buffett

- “appreciate everything your associates do for the business and listen to everyone in your company”

- “look at the business you run as if it were the only asset of your family…”

“Understanding people is essential to leadership” “People need encouragement”

Vision Sam Walton

Warren Buffett

- “give the customers a good deal”

- “Invest superbly, and encourage excellence in managers”

“The future belongs to those who see possibilities before they become obvious” “Vision meets others’ needs”

Walton's winning formula for business Rule 1: Commit to your business Rule 2: Share your profits with all your associates Rule 3: Motivate your partners Rule 4: Communicate everything with partners Rule 5: Appreciate what associates do for the business

Walton's winning formula for business

(contd..)

Rule 6: Celebrate your success

Rule 7: Listen to everyone in your company Rule 8: Exceed your customer's expectations Rule 9: Control your expenses better than your competition

Thank you for your attention ! Oct 11, 2009

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