Stephen Karlson (shkarlson) wrote in 50bookchallenge,
Stephen Karlson
shkarlson
50bookchallenge

REMAINDERED GOODS ON A LARGE SCALE.

Book Review No. 45 features Sam Walton: Made in America. In previous years, I've offered reviews of How Wal-Mart is Destroying America and Wal-Mart: The Face of Twenty-First-Century Capitalism, works that recite grievances about the corporation. Mr Walton, not surprisingly, offers a different perspective, offering inter alia the advice that a business that fails to treat its employees and customers well is unlikely to be a success story. In passing, he offers the real story of the famous greeter at the store door. There's a lot of standard success-in-retail stuff for the aspiring entrepreneur, and people whose comparative advantages lie in presenting goods in an inviting way can learn a lot to bring up at the Saturday morning meeting. What struck me, though, about the early days of the company, was that the business model was Railroad Salvage with better presentation of the merchandise and hence less of the reek of poverty in the store. Perhaps there's still some of that thinking at work. It's often wise for a Wal-Mart shopper to pick up that bargain item now, as it might not be available again.

(Cross-posted to Cold Spring Shops.)
Tags: autobiography, business
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