Cal
Turner, Jr. grew up in a retail family. His dad bought and resold
close outs, remainders, and irregulars. His dad made the leap to the
marketing idea in 1955 of selling everything for a dollar.
Cal,
Jr. went to college, did a tour in the navy and then joined his dad's
business. His first job was opening stores, then negotiating leases.
The decision was made to take the company public. Dollar General
expanded and over time became a Fortune 500 company.
When
Cal, Sr. ran the business, it was at a time when a seat-of-the-pants
growth worked. (102) As the company grew, Cal, Jr. brought in
computers, inventory control, and strategic planning. The father and
son were two strong personalities under one business roof and all did
not always go well. Business decisions often severely strained family
relationships.
I
liked some of the retail philosophy of the Turners. They felt they
were helping those with little money. I did not like the struggle
they had with the unions. The kind of business they were in, however,
meant that the profit margin was small and paying union wages was not
possible, they felt. I was also bothered that Cal, Jr. moved the
business headquarters in violation of the bylaws because he knew no
one paid attention to them. (166)
Cal,
Jr. shares the leadership lessons he has learned over his lifetime.
He hopes that reading this book will inspire people to pursue their
passion and serve others. I recommend this book to readers who are
interested in the personal aspect of how a small town retail business
expanded and grew into a billion dollar company with over 14,000
stores in 44 states.
My
rating: 4/5 stars
Cal
Turner, Jr. grew up in Scottsville, Kentucky. After graduating from
Vanderbilt University, he served for three years as an officer in the
United States Navy before beginning his career at Dollar General,
where he served as CEO for thirty-seven years. He has served on the
boards of several companies, and educational, civic, and charitable
organizations. A committed life long Methodist, he was inducted in
2001 into the Fellows of the Society of John Wesley by the Tennessee
Conference of the UMC.
Center
Street, 272 pages.
I
received a complimentary copy of this book from the publisher. My
comments are an independent and honest review.
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