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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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Leadership Styles


Leadership styles are a way of providing direction, plan implementation, and employee motivation. The leadership styles for the five fundamental changes in any institution are planning, launching, enabling, maintaining, catalyzing (Son, 2017).  A current example where the stages of change have proved effective is the Amazon’s company. Despite being governed by the same man- Jeff Bezos (Son, 2017); it has seen slew of changes that have improved its performance to one of the most successful companies.
Jeff Bezos's leadership has been nothing short of amazing in the growth and success of Amazon. Amazon shows that a great leader can really set a standard for a company and lead them to success.
The following paper will identify the stages of change.
These stages are:
Planning
Planning involves identifying the best way of introducing change. In this stage, there is an excellent emphasis on creativity, information gathering, and identifying obstacles, highlighting alternatives, and selecting among them. For instance, this stage is helpful to the manager
Enabling
Enabling is all about explaining the change plan to everyone included in the change effort and that the direction is the best and is dependent on their contribution. For instance, as a manager, this stage would help employee's employees prepare for change. Further, they will feel the managerial support when dealing with the change (Reardon, K. K., Reardon, K. J., & Rowe, 1998).
Launching
Launching is the stage that the change process commences. Effective launching needs a manager to meet the set goals, attain results in a timely manner and to demonstrate the plans value as well as perform progress assessment along the way.

Catalyzing
For effectiveness, people must feel that they are an essential part of the process and that their effort count. Therefore, the people-oriented inspiration styles are frivolous in this stage as they assist people in moving in the required pace without questioning the change plan (Reardon, Reardon & Rowe, 1998)
Maintain
As in most cases, this stage is overlooked. However, it's a critical stage where the change process requires guidance, assisting, and motivating them to maintain and continue with their efforts. It also implies finding ways to engage all employees and making them feel valuable.




References
Reardon, K. K., Reardon, K. J., & Rowe, A. J. (1998). Leadership styles for the five stages of radical change. University of Southern California Marshall School of Business Los Angeles United States.
Son, S. (2017). 5 Case Studies About Successful Change Management. Retrieved on 10 October 2019 from https://www.tinypulse.com/blog/sk-case-studies-successful-change-management

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