Organizational Culture and Change Management - Organizational Culture – Nature – Culture’s Functions - Approaches to Managing Organizational Change – Lewin’s Model – Kotter’s Plan for Implementing Change – Organizational Development Techniques. Organizational Culture and Change Management Institutionalization: A Forerunner of Culture • Viewing organizations as cultures—where there is a system of shared meaning among members—is a relatively recent phenomenon Definition: Institutionalization
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Wal-Mart Stores History Sam Walton founded Walmart in 1962. He was a businessman who started working in retail in 1940 at a J.C. Penney store in Des Moines‚ Iowa. In 1945‚ he ran a retail store in Newport‚ Arkansas‚ part of a chain of variety stores named Ben Franklin. Instead of renewing his lease‚ however‚ he decided to open a new Ben Franklin franchise in Bentonville‚ Arkansas and called it “Walton’s Five and Dime.” He succeeded by selling at a discount. Walmart’s purpose best exemplifies what
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IBM Case Study Wal-Mart IBM Wal-Mart Discussion 1. How has the implementation of NAFTA affected Wal-Mart’s success in Mexico? Free trade zone: Wal-Mart encountered a problem that its imports charges on many of the goods from America. Thus prevent Wal-Mart from being able to offer its “Every Day Low Prices”. After the implementation of NAFTA‚ Mexico‚ U.S and Canada become free trade zone. Wal-Mart can reduce the tariffs on American goods sold to Mexico from 10 percent to 3percent. That
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The Power of Culture to Change Lives Why culture should be at the heart of efforts to tackle some of the key challenges facing the international community www.britishcouncil.org The British Council has prepared this publication ahead of the world’s first summit of Culture Ministers – The Edinburgh International Culture Summit – to stimulate debate about the role of culture in government‚ and the contribution it can make to tackling key international challenges. CONTENTS Foreword Reassessing the
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Walmart E-commerce [pic] Marketing 3721 Boyce By: Matt Lemen‚ Kevin Carmody‚ Adam Giesegh‚ and Brian King Executive Summary In this paper our group explores the many ins and outs of the huge business Walmart and its online presence through Walmart.com. We start off our project buy looking at Walmart through the Porter’s five forces analysis. Porter’s five forces analysis allows us to take a closer look at what it would take for a new company to come into the market with Walmart
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India. ow to win Chinese Consumers: Competetive strategy of Wal-Mart in China Founded by Sam Walton‚ the first Wal-Mart store opened in Rogers‚ Arkansas‚ in 1962. Seventeen years later‚ annual sales topped $1 billion. By the end of January 2002‚ WalMart Stores‚ Inc. (Wal-Mart)‚ was the world’s largest retailer‚ with $218 billion in sales.Wal-Mart’s winning strategy in the U.S. was based on selling branded products at low cost. Each week‚ about 100 million customers visited a Wal-Mart store somewhere
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Contents Concept of Culture 2 What is Organizational Culture 3 The Internet and Organizational Culture 3 Cultural Change 5 The Classical Approach to Cultural Description 5 New Ways of Describing Culture 6 Culture as Emergence 7 Steps in Organizational Culture Change 8 Managing Organization Cultural Change 8 Bibliography 12 ORGANIZATIONAL CULTURE AND CHANGE MANAGEMENT Concept of Culture The concept of culture is complex and definitions of culture vary. The anthropologist
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CASE STUDY Wal-Mart Valuing Wal-Mart Stock Introduction: Wal-Mart was founded by Sam Walton in 1962 and was based in Bentonville‚ Arkansas. Wal-Mart in the successive years has grown to be the world’s largest retailer and has more than 4000 stores worldwide. Wal-Mart employs 1.7 million workers worldwide and boasts of 138 million customers every week. Rachael Martin was an investment advisor and was tasked to valuate the Wal-Mart stock with the help of three widely accepted models i.e. dividend
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had reached $12.6 million in sales‚ and by 1968‚ the company opened its first stores outside of Arkansas in Sikeston‚ Missouri and Claremore‚ Oklahoma.[3] The company’s first stock split occurred in May 1972 at a market price of $47. By this time‚ Walmart was operating in five states: Arkansas‚ Kansas‚ Louisiana‚ Missouri and Oklahoma‚ and expanded into Tennessee in 1973‚ and Kentucky and Mississippi in 1974. As the company expanded into Texas in 1975‚ there were 125 stores with 7‚500 associates‚ and
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HKU984 ALI FARHOOMAND WAL-MART IN CHINA (2012) Introduction Summer was making its picture-perfect debut in New South Wales that day in October 2011‚ but Mr Greg Foran hardly noticed. Newly hired away from his role as head of Australia’s leading supermarket chain‚ Woolworth’s Supermarket Division‚ he was set to work as a senior vice president at Wal-Mart International‚ the fastest growing division of the world’s largest retailer‚ Wal-Mart Corporation. However‚ what exactly he would be doing
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