Skip to main content

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...

Work experience

n my position at work, I have an influence on the upward, downward, and the lateral organizational levels. I am in an organization where my direct supervisor only knows my job description but not what that description entails. Additionally, the lateral and downward chains are similar, but there are technical differences. Furthermore, coercive power, which is the fear of punishment or the loss of some valued outcome, is something that I am against because it destroys socialization and organizational culture (Crossman & Hardesty, 2017). Consequently, I ensured that I never communicated in a coercive manner.
          I was the senior editor of a weekly publication that was published both internally and externally. I had ideas on the different content that should be included in the magazine. I presented my ideas to all three tiers because they will influence the entire organization. My subordinates were all for the new direction, and so were my peers. However, it was a challenge to try to sell it to the upward chain. Even though both the lateral and downward levels agreed with my proposal, the upward level was more reserved.
          I was attempting to increase readership with the publication and change it where it pertained to a broader audience. In my opinion, the magazine’s current format was getting stale, and it needed to be replaced before the loss of readership was detrimental to the longevity of the magazine. Our readership was continually decreasing on a weekly basis. The upward chain initially decided to keep the magazine in its current format.  Consequently, the readership continued to fall and the upward management team finally became concerned. Right after their decision was made, I created a survey and made it available across several mediums. The reader’s responses correspond with the lateral and downward levels. I should have completed this survey before my initial meeting, which may have helped to sway the upward management’s thought process. However, once the management team reviewed the surveys, they decided to implement my plan, with a few added modifications. Within one month, the readership was at the highest levels in several years. Furthermore, after two months, readership doubled.
          A few years ago, my leadership assigned me as the operations manager for my company, which was a big promotion. After being in the position for about a month, my direct supervisor approached me to ask how things were going. I told him that working in operations was not bad. However, I felt that I was having a hard time communicating my intentions to my subordinates. Furthermore, he told me that was his main reason for asking me how things were going because a few of my employees approached him. They advised him of some of the same issues about my directing and communicating abilities. He was happy that I was honest with him. However, he did put me on notice and told me that I had 90 days to form my communication plan to increase the effectiveness of my communication down to my subordinates.
          By putting me on notice, I had no choice but to formulate a plan to be a better communicator. After self-reflection, I learned that I took for granted their knowledge about a particular topic because I knew about the subject and they should as well. I learned to make a written outline highlighting the information that I wanted to share with my subordinates. Additionally, I started to allow an ample amount of time for questions to be asked and answered. In the past, I told them to email me their questions. Consequently, I learned that this causes a breakdown in communication and discredits collaboration.
          An influencing factor was the lack of motivation of the employees. By becoming an effective communicator, I was able to help the employees feel like they had a purpose and were part of a team. Additionally, production was another influential factor. Once they realized what they had to do and when it had to be completed by, my subordinate’s productivity excelled beyond normal levels. Finally, my initial inability to efficiently communicate affected the culture of the company. Once I opened effective, efficient, and transparent lines of communication, the culture of the organization became more favorable. This situation allowed me to understand the importance of effective communication within an organization. Without effective and transparent communication, the organization as a whole suffers (Jackson, 2013).

Crossman, K. A., & Hardesty, J. L. (2017). Placing Coercive Control at the Center: What Are the Processes of Coercive Control and What Makes Control Coercive? Psychology of Violence, 32-41. doi:10.1037/vio0000094
Jackson, J. (2013). Understanding Group Differences. Bridging Differences: Effective Intergroup Communication Bridging differences: Effective intergroup communication, 74-112. doi:10.4135/9781452229706.n3

Comments

Popular posts from this blog

A trip to TAKI, West Bengal , India

                                   As Bangldesh looks on the bank of Ichamoti, from TAKI, West Bengal. Take a closed look, a cattle corpse i s floating on the river bed, near the Bangladeshi bank. Victim of transborder cattle smuggling. I am not sure how young generation would react to the name of yester year’s one of the most popular writer portraying the essence of rural Bengal, its pains and joys, prosperity and poverty and off course the thread of society; Bibhuti Bhusan Bandopadhyay. His simplicity was eminent in is writing; that was best projected by famous film director Satyojit Roy in his internationally acclaimed films like ‘Pother Panchali’, ‘Aparajito’ et el.  At the age of 9, I read ‘Pother Panchali’. Though I was not matured, enough to comprehend its intrinsic message of the content but the very story left a pugmark in my mind. I became more interested about the author later. ...

If you were assigned to sell a product called “Sweet Treats” with the slogan, “so sweet, it will make you tweet,” but you thought the product tasted sour, and not at all sweet, what would you do?

Often, celebrities contract to endorse a product, but should they use the product regularly, or even like the product before they are allowed to claim that they “endorse” the product? If celebrity is lying, that is endorsing a product he/she does not use/consume then the ad should be pulled.  The Federal Trade Commission requirement that ads or sponsored social media posts indicate so - is not enough to inform consumers. (Robert, 2017) So, yes, a celebrity who endorses a product should at least appear in public using the product. Examples go in the opposite direction, instead of claiming to use a product but not doing so, which would be lying, the Kardashians post product endorsements across several social media platforms either without disclosing it is an ad or waiting until hours or days after the initial post to do so. According to the the organization Truth in Advertising (TINA.org) The delay allows avid followers to see the initial post as a testimonial instead of as an ad. (K...

TATA SKY OR TATA SQUEEZE!!

This is my debut article in the interest of Indian consumers. Just my humble contribution; to enlighten them about the product or service of famous TATA SKY. Amir Khan, the brand ambassador or Mr. Ratan Tata, the person at the helm of all TATA affairs, would be ashamed of TATA SKY, once they know instead of making the life “JINA LALA”; it is turning the life “JINA HARAM” with TATA SKY at times. With much expectation I switch over to TATA SKY from local cable operator in the month of May this year. Within six months twice I they have replaced their set top box. They went out of order and it is under warranty for one year. Every time I called their customer care, they receive they call as if your are naïve. They take no less than half an hour, to guide you to switch off and on , take out their digi-card and put it back, whether you are young or old caring a fig for that! Surprisingly their call centre’s number is not toll free! You are put on hold for ten minutes and another twenty m...