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100 More Great Leadership Ideas by Jonathan Gifford

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ALWAYS COMPETE

 

The idea

The late, great Sam Walton opened the first Wal-Mart discount store in the small town of Rogers, Arkansas in 1962, and built a multinational retail empire based on his fundamental retailing principle: buy goods that people want at the lowest possible price; mark them up by as little as possible; make profits by selling high volumes.

Walton, on his own admission, was driven by his passion to compete. ‘I have always pursued everything I was interested in with a true passion – some would say obsession ...

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