On November 17th‚ 2004 Kmart and Sears publicly announced the impending merger of the two struggling companies to become Sears Holding Corporation. Kmart‚ for 11.5 billion dollars would be the buyer‚ however due to strong brand name recognition and history‚ Sears would be the face of the new conglomerate. At the heart of this merger was Edward Lampert‚ an extremely successful hedge fund manager who had made a name for himself by‚ purchasing companies in the red and making them profitable once again
Premium Sears Holdings Corporation Department store Kmart
The Kmart Corporation which is known for their blue light special‚ is also known for it’s collapsed corporation. In 2002 Kmart Corporation was the United States second largest discount retailer. Kmart was widely known for their "blue light specials" campaign which alerted customers of special deals located under designated blue light areas inside their stores. However‚ in January 22‚ 2002 Kmart Corps revealed the corporation had filed for chapter 11 bankruptcy protection. Suspected speculation
Premium Great Depression Wall Street Crash of 1929 Management
AbstractChange can be particularly upsetting and can cause havoc to all involved in any organization. One myth is that change is "bad". Change itself is neither good nor bad‚ only the responses and outcomes of change can be considered good or bad. Change is unavoidable and essential in any industry. Without change organizations would be left behind and lose their competitive advantages. This paper will discuss the description of a home health care company and the plan to implement a service that
Premium Medicine Physician Health care
CHAPTER 10: TYPES AND FORMS OF ORGANIZATIONAL CHANGE CHAPTER SUMMARY Organizational change is an ongoing process with important implications for organizational effectiveness. An organization and its members must be constantly on the alert for changes from within the organization and from the outside environment‚ and they must learn how to adjust to change quickly and effectively. Organizational change is the movement of an organization away from its present state and toward some future state
Premium Management Change management Organizational studies and human resource management
CASE STUDY: JetBlue Airways & Organizational Development: Partners for Change Michael Morales March 30‚ 2012 Table of Contents Abstract ………………………………………………………………………………...3 Introduction …………………………………………………………………………….4 Stage 1 - Entering and Contracting …………………………………………………….5 Stage 2 - Diagnosis ……………………………………………………………….........6 Stage 3 - Planning and Implementing ………………………………………………….9 Stage 4 - Evaluating and Institutionalizing …………………………………………....10 Conclusion ………………………………………………………………………
Premium Management John F. Kennedy International Airport Organizational studies
The basic techniques of organizational development used to implement change are as follows: • Management by Objectives (MBO) MBO focuses on attempts by managers and their subordinates to work together at setting important organizational goals and developing a plan to help meet them. • Survey Feedback Survey feedback is an OD technique in which questionnaires and interviews are used to collect information about issues of concern to an organization. This information is used as the basis for planning
Premium Management
influencing individuals’ predisposition toward resistance to organizational change‚ he further found that change announcements can also affect individuals to resist change. This was resulted in individuals’ concerns about either their job security in the organization or their abilities to cope with the change. In this respect‚ the change message undoubtfully has been recognized as a potential factor to create negative restraining force to change resistance. () as ….. This kind of negative feelings was
Free Employment Organization Management
What Drives Organizational Change? Gregory Fenwick MGT380 July 25‚ 2011 Garren Hamby What Drives Organizational Change? Organizations change for many different reasons and situations. Some organizations need change to better themselves‚ others need change organizational change just to survive and stay in business. Some organizations need to change because of growth‚ and some change because of downsizing. This paper will look at many different reasons for change and how that change is brought
Premium
Commandments for CEOs seeking organizational change In our ever-changing‚ fast-paced world‚ competitive relationships Can shift quickly when companies respond too slowly to increased competition in their industry group. Succeeding in such a competitive and changing environment demands that CEOs reshape their organization to meet today’s challenges and competitive realities. But responding to change remains highly elusive because there is a natural resistance to change at all levels within the organization
Premium Mission statement Change management Management
Abstract Kmart a long standing discount retailer and Sears have merged to make up Sears Holdings Corporation. As the two struggling retailers combine forces‚ it will allow for both companies‚ now working as one to reemerge bigger and better than ever. Now they are in the process of restructuring their management structure‚ to hopefully be able to locate where their areas of weakness are. K-mart‚ one of the leaders in department stores‚ has been around for over 100 years. Although the company
Premium Sears Sears Holdings Corporation Kmart