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
1 comment

example of a recent or current disruption


Planning

In the planning stage, leaders need to develop a blueprint for transform. Collect important information, identify obstacles, and find alternatives. It’s important to focus your work on creativity.

Enabling

At this stage, the leader explains the blueprint for the transformation plan and persuades the employee to be prepared to deliver the services they need in the process of change. Leaders must have the ability to explain the program to encourage employees. (Reardon, What It Takes To Change a Rotten Organizational Culture, 2018)

Launching

When transform work begins, leaders need to find practical problems as early as possible to prove the importance of transform, persuading or countering opponents. Leaders need to have a commanding style to achieve their goals, with a logical style to explain the goals of transform. (Reardon, Reardon & Rowe, 1998)

Catalyzing

The focus of leadership at this stage is to get people involved and motivate them. (Reardon, Reardon & Rowe, 1998) How to keep the transform unchanged is the top priority. Leaders need inspiring abilities. Inspiring and supportive leadership styles are needed.

Maintaining

Leadership needs to have a supervisory and guiding role at this stage. Any transform is difficult, and the final results will always be good. Leaders must have the ability to persuade and motivate people to continue to support participation in transform. Leaders need to listen adequately, communicate with relevant people, understand what their expectations are, and decide how to persuade them to continue to support change.


Disruption

“Understanding “disruption” can help you get a better understanding about what true innovation is.”(What Is Disruption, Really? 8 Examples and What to Learn From Them, n.d.). Disruption is just one type of innovation, and you don't need to be a “real” vandal to make a difference in your industry. The real disruption is a gamble. Many inventions fell into chaos before entering, losing to unsustainable practices, market shifts or stagnation. Disruption is usually hidden and, it takes time. (What Is Disruption, Really? 8 Examples and What to Learn From Them, n.d.).

The place where I work now does not involve production and sales. Let me give a small example of disruption.
Due to the development of society and the needs of the work, several people in our office need to speak simple Korean. There is a leader who has lived in Korea for 15 years, so he volunteered to teach us to learn Korean. He is a very good person, teaching everyone with his noon break. In the beginning, he asked who wanted to learn Korean through his secretary. Many of us like to watch Korean TV shows, so many people sign up. once a week. During class, learn some words related to work, and simply communicate. Very interesting and practical course. Because there is no time to correct everyone's pronunciation during class, many people are not sure if they are right. Later, many people were reluctant to study during the lunch break, but they did not get approval from the previous level of leadership. So this class stopped.

I think it will be very effective if he keeps teaching it. Because the people who need it will definitely learn and progress.

I learned from this experience that after setting a good goal, we must also convince others and get help. He needs to persuade the superior to get their support, and some people can study at work time. Provide persuasion, persistent vision, find reasons and aspirations that people can adhere to, and strive to achieve goals, listen, communicate, and establish supervision and guidance mechanisms. Understand why some people can't stick to it, adjust the way and method of teaching, time and so on. Do the moment Inspiring people, when the order is issued, an order will be issued. Who is the one who must persist in learning and what is good for future work.

 

 

 

 

 

                                                                                                 References:

Reardon, K.K., Reardon K.J., & Rowe, A.J. (1998). Leadership styles for the five stages of radical change. Acquisition Review     Quarterly, 2. Retrieved from: http://www.au.af.mil/au/awc/awcgate/dau/reardon.pdf

Reardon, Kathleen Kelley. “What It Takes To Change a Rotten Organizational Culture.” Big Think, Big Think, 5 Oct. 2018,     https://bigthink.com/influence-power-politics/what-it-takes-to-change-a-rotten-organizational-culture.

What Is Disruption, Really? 8 Examples and What to Learn From Them. (n.d.). Retrieved     from  https://www.startupgrind.com/blog/what-is-disruption-really-8-examples-and-what-to-learn-from-them/.

Comments

Post a Comment

Popular posts from this blog

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
23 comments
Read more

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. The river ‘Ichamoti’ ; again and again surfaced in his rendition; so in my mind. I always cher
29 comments
Read more

five stages of radical change

The five stages of radical change are Planning, Enabling, Launching, Catalyzing and Maintaining. While each stage needs a leader with varying leadership styles, I will focus on the most important leadership styles for each.  Planning   stage requires an inspirational leader above all else (Reardon et al, 1998). The planning stage requires a leader that can get people excited about changes that might otherwise be uncomfortable or scary. A leader has to be able to convince people that change is good and will have extraordinary results, and that the status quo is worth changing.  Enabling   stage requires a leader that is mostly logical. Enabling involves examining and analyzing next steps in a way that is easy to explain to team members/employees (Reardon et al, 1998). A leader in the Enabling stage of radical organizational change will need to be accessible and able to assist employees in the next steps in a practical way. Launching   stage requires a leader who can be authoritative bec
Post a Comment
Read more