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...

Five Theoretical Perspectives: Personally Defined Terms of Organizational Communication


Classical: This perspective focuses on the idea that the function of communication is to provide provide orders or instruction where answers come directly from the boss. Ultimately, communication flows downward from the boss. 

Human Relations: This perspective focuses on the idea that communication flows from all directions, although the boss develops the communication system. This approach demonstrates that the boss knows abstract information and answers, however, middle management knows more precise information and answers.

Human Resources: This perspective focuses on the idea that tasks and resources must be managed to achieve objectives of productivity. All communication in this concept is multi-purposeful and directional. People are the primary resources, and with that, motivation, communication, knowledge, and participative group problem solving are heavily influenced and collaborative. 

Systems Approach: This perspective focuses on the idea that organizations exist only in environments. Living systems create organizational solutions through seamless lines of communication. Here, communication is a constant and on-going process leading to an even distribution of information and knowledge. 

Cultural Approach: This perspective focuses on the idea that an organization is defined by what it has and what it is. The cultural aspects found in this approach can be anything from values, traditions, belief systems, practices, to ceremonies, communication systems, and other narratives highlighted by an organization. 

Thinking of an organization I have worked for--I'll stick with my current organization. My current organization is a federal government agency. If I had to select one theoretical perspective that highlights my organization, I would certainly say the Human Resources approach is the most relevant choice. The U.S. Office of Personnel Management places a heavy emphasis on Human Resources, as it seeks to have its employees distribute information and communication from all participants. Every employee plays a crucial role in achieving the mission. Within OPM, all employees including myself are the primary resources as we maintain our outreach and services to our customers--our annuitants. Our leadership manages our directives and tasks and places responsibility on its employees to carry out and accomplish those tasks. Each employee has their own thoughts, ideas, and abilities, all of which contribute to the success of the organization on a daily and annual basis. In my organization, the "family" concept runs from our management team to our workers. 

Working within the boundaries of this perspective is relatively easy for me to do. I have been a Human Resources Specialist since I was 18 years old and enlisted in the military. Collaborative work in Human Resources is absolutely vital to any organization seeking to accomplish their directives and goals. However, not only does collaborative communication and effort bring any organization closer to success, but the individual contributions to an organization highlight the dual satisfaction of organizational productivity and individual accomplishment. My current and past work experiences operated in this manner and our results are positive. Like members of a "family," an organization may be more productive not only when meeting organizational goals and productivity in a collaborative setting, but when its employees are meeting personal satisfaction, too. In the Air Force and in OPM, I have been part of Human Resources teams that place emphasis on the concern for the organization as well as its employees. With the best of both worlds, it's been an efficient learning curve. 

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...