Hudson’s Bay Company (HBC) is the oldest company in North America, founded in 1670. They are one of the fastest growing department stores in the world. HBC focuses on multiple retail outlets including clothing, shoes and homeware and currently has eight banners, ranging from luxury to department stores, including Hudson’s Bay, Lord & Taylor, Home Outfitters, Saks Fifth Avenue, and Saks Fifth Avenue OFF 5TH. HBC competes in a highly competitive industry, which features Nordstrom and Sears as strong competitors, with Sears being a large Canadian department store and Nordstrom, an American department store currently entering the Canadian market. HBC is currently traded on the Toronto Stock Exchange under the HBC stock symbol.…
Canadian Tire Corporation, Limited is a Canadian corporation that offers goods and services that meet life’s everyday needs. The corporation has an interrelated network business engaged in retailing goods, apparel, petroleum, and the financial and automotive services. The company was founded in 1922 by J. William Billes and Alfred J. Billes in Toronto, Ontario. Today, Canadian Tire Corporation has grown to a diverse network of business with more than 1,200 general merchandise and apparel retail stores and gas bars, as well as a major financial services provider. With more than 58,000 employees, the red triangle becomes one of the nation’s most trusted brands.…
Holy the Firm by Annie Dillard, creates an analogy between Dillard as a writer and a burning moth. This moth flies into the candlelight while she is reading and Dillard simply watched the moth burn for two hours. Dillard asks herself questions while observing the dying moth such as “Had she been new, or old? Had she mated and laid her eggs, had she done her work?”. The last question examines the fact that the moth probably hasn’t finished her job in life much like Dillard hasn’t finished the necessary things in her life before she became a writer. The author later goes on to discuss that she asked people in her class, “Which of you want to give your lives and be writers?”. By saying “give your lives”, Dillard refers to the moth burning and…
The data analyzed using the comparative-horizontal analysis is the net sales for Wal-Mart. It is assumed that 2008 is the base year to calculate the horizontal analysis. Based on the previous data it is analyzed we can determine that net sales for Wal-Mart increased approximately 7.2% [($401,244 – $374,526) ÷ $374,526] from 2008 to 2009. Similarly, we can determine that there was an increase in net sales of approximately 24.5% [($466,114 – $374,526) ÷ $374,526 from 2008 to 2013. There has been a significant increase in net sales in the past several years. According to Forbes, Wal-Mart Company runs in three segments; Wal-Mart U.S., International Wal-Mart, and Sam’s Club. Wal-Mart U.S., accounted for approximately…
Flat organisations as oppose to hierarchical structures are more effective in terms of improvement and empowerment. Flat organisations require increased synchronisation and use of teams and work group setting. The policies are easier and quicker to implement in flat organisations. The disadvantage is that organisations have to cope with the challenges of greater flexibility in the form of opposing views of team members. The group and team conflicts need to be handled efficiently.…
CVS is one of the places consumers head to often if they get sick. The pharmacy chain has its perks as being the largest pharmacy chain in the United States. As of December 31, 2012 there were 7,458 stores operating nationwide of which 7,402 had a pharmacy, filling nearly 10% of every prescription in the United States, CVS holds the top position in having most number of stores and number of prescriptions filled each year even though the company earns lower revenues than its competitors. (CVS Corporation History)…
Nexen is an oil & gas exploration and production company that operates out of Calgary Alberta, Canada. They are a well-run, profitable, and responsible company that operates in 7 countries and does both onshore and offshore drilling for conventional oil & gas, shale gas, and oil sands. Their board of directors has recently unanimously agreed to a $15.1 billion buyout by China National Offshore Oil Company (CNOOC), which is currently under review by the Canadian government. Nexen employs a knowledge-based workforce of highly skilled workers and uses state of the art technology in the oil & gas exploration and production industry. However, the combination of the small number of workers required to operate an oil & gas production facility, combined with the requirement of a highly skilled workforce to operate and maintain the facility is enough to recommend that our country not allow Nexen to set up operations in our country.…
The structure of our team as a whole was relatively flat because although we had project leaders, we were all on the same level think the management of our team was quite good but not as good as it should have…
As a solution, newer businesses are implementing the Flat organization structure. This type of organization offers more control, as all employees report to each department manager. This structure empowers employees to accommodate customers and respond quicker to market trends and demands quicker.…
A flat organization structure is found Entrepreneurial organizations where the decision making is mainly done by the owner. But the decision making is not restricted to the owner, it may vary depending on the business need. As business grows and company becomes bigger with more employees a flat organization tends to change to a hierarchical structure with the similar use of IS.…
Arrow Electronics is a broad-line distributor of electronic parts, including semiconductors and passive components. It was founded in 1935 and grown to the number two position by 1980. When Stephen Kaufman, who became president in 1982 and CEO in 1986, Arrow once more began to climb, reaching the number one position among electronics distributors by 1992.…
By maintaining a flat structure this benefits Dyson in a variety of ways, there is greater and more effective communication between the management and the employees as there is only one level of management in charge of all departments, which also means quick decisions and actions can be made within the business. Not only do fewer managers mean better communication but this also reduces costs as they do not have to pay for individual managers for each department.…
Through the course of this class, we have learned that there are many qualities that make up a good manager. In order for an organization to run well and at its full potential, it is necessary for the management team to possess the ability to motivate everyone in their team. Motivation is used to inspire people to accomplish certain goals, either individually or as a team. If the team is not motivated, they will not give you everything they are capable of. There is more than one way to motivate a team, all of which can be beneficial to an organization.…
Flat hierarchies were introduced to cut costs as fewer people are now being employed as managers or supervisors. This then leaves current staff with greater responsibility as their span of control increases, encouraging employees to make decisions for themselves. However this type of hierarchy could leave staff demotivated as they see no opportunity for promotion.…
The Bill Gore’s flat organization structure provides a much freedom to the employees which can easily come up with new ideas. The factor is that the people who can make decision, it not base the seniority, but compare the knowledge. People who have enough knowledge and ideas about the projects will finally make a decision. There are not traditional bosses and managers, there is no predetermined command…