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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. She, her husband, and her brother, Herbert Marcus, bought the first Neiman Marcus store. Stanley Marcus, son of Herbert Marcus,…
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