From the course: Leadership Stories: 5-Minute Lessons in Leading People

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Build company values through story

Build company values through story

From the course: Leadership Stories: 5-Minute Lessons in Leading People

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Build company values through story

- You might know Sam Walton, the guy who founded Walmart in 1962 in Arkansas. But you probably don't know Florence Butt, the woman who founded H-E-B Grocery Stores in San Antonio, Texas, all the way back in 1905. So for much of the 20th century, H-E-B was the biggest grocery store chain in Texas. That is, until Walmart came along. All right, within a couple of decades, Walmart became the biggest grocery retailer in Texas, so it'd be fair to say that Sam Walton and Charles Butt, H-E-B's current CEO and the grandson of the founder, were fierce competitors, and that's a fact that makes the following story all the more impressive. So in an effort to learn from his now larger competitor, Charles Butt once asked Sam Walton if he could bring his leadership team to Walmart's headquarters on a learning mission. Now, Sam said that he wasn't sure if he could help, but he'd be happy to try. So on the scheduled day, Charles Butt and his senior executives arrived in Arkansas and met Sam at one of…

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