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Comparison between two retail companies picked are Walmart and Costco

The two retail companies picked are Walmart and Costco whose 2017 Financial statement links are provided below: WALMART https://www.nasdaq.com/symbol/ wmt/financials?query=income- statement COSTCO https://www.nasdaq.com/symbol/ cost/financials?query=income- statement Both organizations are well known brands and position themselves well with their customer base. Walmart’s value proposition is “We save people money so they can live better”. On the other hand, Costco’s value proposition is “All-in-one convenience and everyday affordability”. Both retailers focus on cost saving for their customers. Looking at their financial statements and by analyzing them a few key areas are evident when comparing the two organization. Looking at the current ratio and quick ratio we can determine the short-term solvency of each organization. The current ratio can be determined by dividing the assets by the liabilities. Walmart’s current ratio sits at 0.86 while Costco’s sits at 0.99. The quick ratio is c
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common hurdles that manager faces when trying to implement a broad change in an organization




I do consider that all those hurdles are also applicable to a project manager. From my personal experience I can say that Project Managers are even more often involved in this type of hurdles than a people manager. Being a project manager means to work continuously in projects which bring innovation and change. A lot of people are not open to changes and can even be conflictual. I had a situation in my previous job when a tool supposed to be changed a part of our work became automatic. In the meeting when project manager presented the tool and the headcount reduction a conflict started. Some employees started to be aggressive and accuse project manager that he is responsible that they will lose their jobs. There was an entire drama at that time. I suppose that afterwards it took a lot of effort for that project manager to clam everyone and explain that there are advantages in using the tool and nobody will lose the job.


I consider that indeed is better to focus on people who have influence in the company because they can help us to influence others. On the other had is important to consider also the junior once as they can bring also inputs and energy for the change. Sometimes junior people can bring the needed attitude in the team and help the change. There should be two zone of influence considered: the experts who have authority in organisation and people who are open to change as both of them can help for transformation.
Conclusion
One of the biggest challenge for managers today are people resistant to changes. Project managers are often in the situation when they should face people who can become even aggressive or avoid to share knowledge because they think that will lose their job as result of change. That’s why is important to have a project manager and a change manager who will work in parallel. Change Manager is responsible for Change Clarification, Employee Engagement, Resistance Mitigation and Leadership Ennoblement (Is This You? n.d.). Big organisations separe those two jobs and the projects implementation become easier.
Reference:
Is This You? (n.d.). Retrieved from https://www.enclaria.com/2015/02/04/five-key-responsibilities-of-a-change-manager/.

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