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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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Hersey-Blanchard Situational Leadership Theory


Situation Leadership more formally called the Hersey-Blanchard Situational Leadership Theory, this model focuses on leadership style and the maturity of those being led.
Situational Leadership means “choosing the right leadership style for the right people,” according to Blanchard and Hersey. It also depends on the competence and maturity of the followers. In this era, leaders look less like bosses and more like partners.
The theory puts forth the idea that leadership styles hinge on four behaviours: telling, selling, participating and delegating. Spahr, P. (2015, Oct 30)
The maturity levels range from an incompetence or unwillingness to perform the task, to a willingness and ability to perform.  The idea is that a successful leader will adapt leadership techniques to fit the maturity level of the group in question on a situational basis.
However, even if you’re a top leader in the organization, you can’t achieve your goals without the support and contribution of your team. It may be a challenging task to harness your team’s talents but the most successful leaders work in tandem with their teams to produce the best results. Spahr, P. (2015)
Taking into consideration the high rate of corruption in my country, the former leader attempted to develop policies that will wipe out this virus in the lives and minds of the people but to no avail.
However, the new leadership tend to implement some form of strong disciplinary actions with the aim to combat the situation by publicly shaming the accused people with hand cuffs and display cards on their neck hoping to be the best way to his followers’ attention. However, the news went viral and human right organizations both national and international were hangry over the issue and the leader has become very unpopular.
One outstanding difference between situational leadership and other leadership styles is that situational leadership incorporates many different tech­niques like the above to get result but it sometimes end alarming. Spahr, P. (2015).
The style of choice depends upon the organization’s environ­ment and the competence and commitment of its followers. Spahr, P. (2015).
However, leadership is all about influencing your subordinate to follow your command regardless the style you implement all you want is to get the work done.
References:
Spahr, P. (2015, Oct 30). Situational leadership. How flexibility leads to success.  St. Thomas University. Retrieved from  https://www.ssc.coop/cms/lib/MN06000837/Centricity/Domain/9/How%20Flexibility%20Leads%20to%20Succes.pdfVroom, 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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