It’s been twenty-one years since Sam Walton passed away.
His Ten Rules for Building a Business are still posted on Wal-Mart’s web site…but are they living up to them?
Sam Walton’s Ten Rules for Building a Business are found in his book, Sam Walton: Made In America.
Let’s look at each of them one by one and see where Wal-Mart stands today. Regardless of whether they still practice these principles, it doesn’t change the truth of them. They are excellent primers for all business leaders.
1. Commit to your business.
As a leader, you have to believe in your business more than anyone else does. If you aren’t the leader, believing in the business more than anyone else does goes a long way towards becoming a leader.
Commitment means passion, intensity, and willingness to sacrifice for the business.