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.
A leader must be everything to everyone.
Nearly two thousand years ago, the apostle Paul wrote:
For though I am free from all men, I have made myself a slave to all, so that I may win more. To the Jews I became as a Jew, so that I might win Jews; To the weak I became weak, that I might win the weak; I have become all things to all men, so that I may by all means save some.
1 Corinthians 9:19-20,22 [emphasis added]
Few would dispute that Paul was a leader. And he became everything to everyone to accomplish his purpose.
A leader today must do the same thing, with a few exceptions.
To the energetic, you must show energy.
To the nerds, you must talk like a nerd.
To the lighthearted, you must use humor. You must learn to be funny.
To a high D (on the DISC profile), you must communicate like a high D.
So that by all means you may get the best performance out of each individual.