J. C. Penney's Organizational Culture

While at first you could say that they company culture seem like a clan culture, I would say that is incorrect. While the assumption is reasonable since the One Smooth Stone organization is a very close knit group, they are more closely aligned with Adhocracy culture. The easiest way that you can tell this is by looking at their untraditional business structure. In the video, they discuss how the organization is very liberal in how it functions. One of the One Smooth Stone leaders explains how business teams are never set in stone and personal are interchangeable with what is best suited for their customer’s needs (EIUCaseStud, 2013) .

In conclusion, Mr. Walton transformed the retail shopping industry. He possessed many leadership traits that help him to be successful both in his business and relation to his employees. His secret of success was to treat your employees like your family and live by the company motto, “Save Money, Live Better.” to provide customer and staff to spend less for more. His vision of volume over profit is notable, and his leadership style is remarkable, he takes care of his employees,

The importance of communication can never be over-emphasized as it is the ‘lifeblood’ of all organizations. It is of vital importance to the well being of a state, a business enterprise, a religion and other social or cultural identities including the family. The success of a business enterprise is directly proportional to the level of communication maintained by

Verizon’s purpose is to provide high quality services to their customers and to be a household brand in the homes of families. This is also one of the goals Verizon has a company. Verizon is pleased to share their Code of Conduct, which lets their customers and business partners know that integrity and respect serve as the overarching principles for how Verizon conducts its business ("Code of Conduct"). Verizon’s goal is to be the most respected brand in communications by making and keeping promises to their customers, the community, shareholders and their employees ("Code of

The company’s image of being a corporate brand that values responsibility, society, and quality is its most important strength (Ferrell and Hartline, 2014, p. 359). New Belgium sees itself as a caring business with that cares about all stakeholders rather than just a beer company (p. 359). The company’s socially responsible initiatives contribute largely to its success as consumers increasingly support what the company stands for (p. 351). Corporate social responsibility actions help to make corporations/businesses appear concerned about creating a healthy

Their strong brand ethos as demonstrated by their customer service, positive store ambiance and brand image have allowed them to capitalize on both the niche of athleisure clothing and the entire athletic wear industry. One thing that all companies can learn from this report is the importance of marketing to their profits. As indicated by the research on the topic, there is a direct correlation between spending on marketing and profits. This is a clear indication that companies need to spend more time marketing their product as the non-price factors of a business are just as important to their bottom line as the

Like most if not all companies, they listen to the client and put their focus on new and better products. As a major sporting store across the nation, research and development at Dick's focus on how to put more stores with their products in areas where other sports stores currently have the upper hand, like Hibbet Sport in the South and Academy Sports and Outdoors, who is now owned by Bass Pro Shop. More of their research and development according to CNN Money (2016), is how to compete against its biggest challenges from the retailer giants Walmart, Target and Amazon. These three have proven to crush employees with their low prices, which is somewhere the Dick' Sporting Goods wants to be at.

In this week’s reading, we briefly examine Ron Johnson, former C.E.O. of J. C. Penney, and the dramatic attempts he undertook to change the financial fortunes of that company. When Johnson began his tenure as C.E.O, he examined the then company format for business. This consisted of mainly relying on frequent sales and the use of store coupons to gain customer’s business. Johnson was not pleased with the format and with the company reputation as being less than desirable.

Herbuck quotes, in retort to the ongoing innovations of the company and their worth ethics with employees, "They were expressions of mutual respect for each person's importance to the job to be done” In this quote Charles sums up exactly what Lincoln Electric Company accomplishes within their employment base and the respect that is between employee and employer. Respect, communication and trust are essential in relationships, whether it be business or personal. In the aspect of business relationships, respect is high priority within the company. Lincoln Electric Company's motto is "The actual is limited, the possible is immense.” This motto speaks volumes.

“Leaders must be able to foster communication, cohesion, and commitment within their teams” (Griffith & Dunham, 2015, p. 67). By improving and encouraging excellent interpersonal communication skills, we help decide the outcome of the organization’s success.

Transparency can be defined as about being open, honest, and responsible in the way someone carries on their business. This mean sharing, to whatever extent possible, fact about the company on how it is set up, how it operates, what is salaries and bonuses are based on and how its workers are expected to treat customers and each other. Transparency important for the long-term health of a company because it is to avoid damage reputation of the business, attract and retain good employees, boost employee morale, trust and loyalty and for longer term business performance and sustainability. Transparency can be included trustworthiness of a company and company relations. It is important for a company to take into consideration and be responsible to the needs of all organization’s employees and other economic agents because it can give serious impact for the future of an organization.

After making several calculations on both Kohl’s and JCPenny’s finical statements it is clear that Kohl’s is in a better financial position. Starting with over an 8-point gap between Kohl’s 3.50 net profit margin, to JCPenny’s -4.06 net profit margin. This proves that Kohl’s is more profitable making 3.50 dollars of income for every item sold, on average. Kohl’s is the better company to invest in but JCPenney is slowly pulling themselves out of a financial crisis. According to Investopedia, “Kohls is opening a new outlet store it calls Off-Aisles… if this concept works, which it likely will, considering consumer conditions, look for Kohl’s to ramp it up, big time.