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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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situational leadership style

 In the situational leadership style ,a leader arrange leadership style according to advancement of their associates (Anthony, 2019). A leader should change the style to change the situation not subordinates. The leadership style can change frequently to unite the demands of associates in the company. The situational leadership theory is designed by Paul Hersel and Ken Blanchard while working on the Management of Organizational Behavior. According to this theory, there is not one distinct style of leadership. (Vroom & Jago, 2007).  The effective leaders are who use the leadership style to incerase the performance willingness of groups that they are endeavouring to inspire. The successful leaders differ in term of duties, responsibilities that they need to achieve nıt just in terms of groups that they inspired. The Situational Leadership Model is a structure for leaders to be appropriate for their behaviors with the performance requirements of the individuals that they are endeavoring to influence. They can do this in several way such as:

•Directing –the leader share duties to employees and carefully manages them.

•Coaching – the leader still defines the roles and responsibilities and receiving ideas and suggestions from the subordinates.

•Supporting – the leader encourage and empower the subordinates.

•Delegating – the leader is included in the decision making activity however they delegate the duties and procedures to the subordinate.

The Benefits of Situational Leadership –

•To create a generic style

•Multi-directional influence

•To give energy to boost and quality of employee development

•Effectively drives behavioral change

  Situational Leaders learn to indicate four main leadership competencies and these are; Analyzing an individual’s performance, Change leader behaviors based on the analysis, Communicate with employees’, Increase the progress by managing. Situational leadership requires leaders to transform their methodology, matching to the situation and the behavior of the associate. To use communication becomes a significant element in this situation. Improving communication skills make a leader better. Starting with eye contact and continue with listening and responding can be the progress. However, a leader should get empathy, authority and transparency to your communication.
  In my opinion the style which leaders efficiently adapt their leadership style to fit the demands for the different situations. Thereby a good leader is Who adjust the style per demand of the situation and lead the team even in caotic times. From the past till now, the great leaders has been changing their leadership style according to situation with their unique ability. Mahatma Gandhi, Martin Luther King are some examples for the good leaders.All these great leaders are great not because the matching of the situation. They are great because they know how to change their style in all situations

Anthony, Leigh (2019). Define Situational Leadership. Retrieved from: https://smallbusiness.chron.com/define-situational-leadership-2976.html Vroom, 
V. H., & Jago, A. G. (2007). The role of the situation in leadership. American Psychologist, 62(1), 17. Retrieved from http://web.mit.edu/curhan/www/docs/Articles/15341_Readings/Leadership/Vroom_Jago_2007_The_role_of_the_situtation_in_leadership.pdf

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