Two Philosophies on Management.
The philosophy of Sam Walton was to sell for less as the philosophy of Neiman Marcus was to sell the best with the customer's satisfaction. Neiman Marcus and Sam Walton were different and alike in the areas of family, timelines, personality, business practices, and helpful technology.
The Neiman Marcus stores and the Wal-Mart stores both were established through family connections. Carrie Marcus met and married Al Neiman when they were both buyers at a store. …
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…and athletic in public school, and one in private school with few friends. They both were ambitious and determined to succeed and to change the field of management.
Marcus and Walton used innovative techniques to bring better customer relationships, better management, and better employee relationships to retail business. They both seemed to care about people. From personalized gift-wrapping in Neiman Marcus to self-service counters in Wal-Mart, these men were not afraid to try new things.
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