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I pay low wages. I can take advantage of that. We're going to be successful, but the basis is a very low-wage, low-benefit model of employment.

Sam Walton

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Sam Walton
Age: 74 †
Born: 1918
Born: March 29
Died: 1992
Died: April 5
Businessman
Businessperson
Economist
Entrepreneur
Kingfisher
Oklahoma
Samuel Moore Walton
Advantage
Benefit
Pay
Greed
Successful
Model
Success
Basis
Take
Bases
Wage
Going
Lows
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Models
Employment
Benefits
Employee

More quotes by Sam Walton

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Some families sell their stocks off a little bit at a time to live high, and then - boom - somebody takes them over, and it all goes down the drain.
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Individuals don't win in business, teams do.
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Each Wal-Mart store should reflect the values of its customers and support the vision they hold for their community.
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I believe in always having goals, and always setting them high.
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Nothing else can quite substitute for a few well-chosen, well-timed, sincere words of praise. They're absolutely free and worth a fortune
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Job security lasts only as long as the customer is satisfied. Nobody owes anybody else a living.
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I think my constant fiddling and meddling with the status quo may have been one of my biggest contributions to the later success of Wal-Mart.
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I probably have traveled and walked into more variety stores than anybody in America. I am just trying to get ideas, any kind of ideas that will help our company. Most of us don't invent ideas. We take the best ideas from someone else.
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Information is power, and the gain you get from empowering your associates more than offsets the risk of informing your competitor.
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Communicate everything you can to your associates. The more they know, the more they care. Once they care, there is no stopping them.
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The secret of successful retailing is to give your customers what they want
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I think I overcame every single one of my personal shortcomings by the sheer passion I brought to my work. I don't know if you're born with this kind of passion, or if you can learn it. But I do know you need it.
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Somehow over the years people have gotten the impression that Wal-Mart was...just this great idea that turned into an overnight success. But...it was an outgrowth of everything we'd been doing since [1945]...And like most overnight successes, it was about twenty years in the making.
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Do it. Try it. Fix it.
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One thing my and mother and dad shared completely was their approach to money - they just didn't spend it.
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Leaders must always put their people before themselves. If you do that, your business will take care of itself.
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There are only four things in life that matter. The first is happiness and I'll sell you the other three for a dollar.
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There's absolutely no limit to what plain, ordinary, working people can accomplish if they're given the opportunity and encouragement to do their best.
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Our best ideas come from clerks and stockboys.
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Ignore the conventional wisdom. If everybody else is doing it one way, there’s a good chance you can find your niche by going in exactly the opposite direction.
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