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...
Change occurs in various ways for organizations and the leaders within them. However not all leadership styles are suited to each type of change that can occur, and so an agile and self-aware leader must have the situational intelligence to understand when to switch to one leadership style of another (Beheshti, 2018). This piece will consider the five stages of radical change and which leadership style is most fitting (Reardon, Reardon, & Rowe, 1998). Then, a look at the industry I am in, the stem cell health sector, will be given to highlight a real-world example of radical change and how leadership style was subsequently affected. Reardon, Reardon, and Rowe (1998) highlight five stages of radical change including planning, enabling, launching, catalysing, and maintaining. Planning maps out the direction for change and requires creativity and the acquisition of information, and as such requires leaders to be logical yet inspirational. The enabling stage of radical change is charac...