Time Management (by Sam Walton)

The founder of the Walmart empire Sam Walton was a man of unbelievable efficiency. Here are some extracts from his book “Made in America. My story” characterizing his style of self-organization.

Sam Walton from Walmart

“As I mentioned, I found out early that one of my talents is remembering numbers. I can't recall names and a lot of other things as well as I would like to. But numbers just stick with me, and always have. That's why I come in every Saturday morning usually around two or three, and go through all the weekly numbers. I steal a march on everybody else for the Saturday morning meeting. <…> It usually takes about three hours, but when I'm done I have as good a feel for what's going on in the company as anybody here—maybe better on some days.”

“But if you asked me am I an organized person, I would have to say flat out no, not at all. Being organized would really slow me down. In fact, it would probably render me helpless. I try to keep track of what I'm supposed to do, and where I'm supposed to be, but it's true I don't keep much of a schedule. I think my way of operating has more or less driven Loretta Boss, and later Becky Elliott, my two secretaries, around the bend. My style is pretty haphazard.”

“Except for reading my numbers on Saturday morning and going to our regular meetings, I don't have much of a routine for anything else. I always carry my little tape recorder on trips, to record ideas that come up in my conversations with the associates. I usually have my yellow legal pad with me, with a list of ten or fifteen things we need to be working on as a company. My list drives the executives around here crazy, but it's probably one of my more important contributions.”

“One way I've managed to keep up with everything on my plate is by coming in to the office really early almost every day, even when I don't have those Saturday numbers to look over. Four-thirty wouldn't be all that unusual a time for me to get started down at the office. That early morning time is tremendously valuable: it's uninterrupted time when I think and plan and sort things out. I write my letters and my articles for Wal-Mart World, our company newsletter.”

“Obviously, because I have spent as much time as I could out where it counts, in the stores, seeing if we're doing the job we should be, it has put a very heavy load on all our executives, especially since I expect them to get out in the stores too.”

“I've been asked if I was a hands-on manager or an arms-length type. I think really I'm more of a manager by walking and flying around, and in the process I stick my fingers into everything I can to see how it's coming along. I've let our executives make their decisions—and their mistakes—but I've critiqued and advised them. My appreciation for numbers has kept me close to our operational statements, and to all the other information we have pouring in from so many different places. In that sense, I think my style as an executive has been pretty much dictated by my talents. I've played to my strengths and relied on others to make up for my weaknesses.”