Preview

Mgt/361 Organizational Impact Paper

Satisfactory Essays
Open Document
Open Document
842 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Mgt/361 Organizational Impact Paper
Organizational Impact Paper � PAGE * MERGEFORMAT �1�

Organizational Impact Paper

Michele Gann

University of Phoenix

Wellington William Jr.

OI/361

July 17th, 2011

ORGANIZATIONAL IMPACT

Innovation may be a hard concept for some individuals to sell within the organization. Companies have certain ways of conducting business and do not consider new forms of ideas. In the following paragraphs there will be an assessment of the impact of innovation on three types of organizations (Sears, Best Buy, and Wal-Mart) in the home and office entertainment. The impact of strategy, process, product, and services of these organization will also be discussed.

IMPACT OF INNOVATION

Sears, Best Buy, and Wal-Mart offer entertainment devices such as computers,
…show more content…
This organization is the leading home appliance retailer, consumer electronics and automotive center. Sears unique innovation has helped the company become the leader in home services which includes home entertainment equipment and installation. The merger of Kmart and Sears helped the company's strategy to help improve the lives of the customers by providing quality services, products, and solutions that earn the trust and build lifetime relationships. The company values teamwork, integrity and positive energy. The culture of the company is defined by clear vision, mission, and values (Sears, …show more content…
Walton's vision and mission was for the stores to always have low prices. Today Wal-Mart has become one of the most successful retailers nationwide and functions all around the globe. This store was once only a grocery store, Today the company has innovated to the point where many different products and services are sold. Wal-Mart offers numerous types of products and among these is entertainment products and services, a one-stop shop. Not only can a customer get food, cloths, they can pick up a computer, software, and televisions. this organization offers services that other stores do not offer; such as, a optical area where customers can get glasses, a tire and lube are for the customers vehicle, and hunting gear. One of the most innovative services that is offered at Wal-Mart is the "Site-to-Store". This service allows the customers to purchase items online and have them shipped to the nearest store for pick-up (Wal-Mart,

You May Also Find These Documents Helpful

  • Powerful Essays

    BUS 490 assignment 1

    • 1208 Words
    • 5 Pages

    First, we shall not forget that Sears and K-Mart signed a merger agreement in 2004 which means that Sears and K-Mart are combined into a new major retail company. Sears has become the third largest retailer in the United States. Sears appears to have forgotten one of the first and basic Marketing lessons “Never forget what made you famous”. There have been three major strategic mistakes that Sears has made throughout the past decade. In 1981, Sears made their first strategic mistake, which was the “diversification outside its “core” retailing business into financial and real estate services, by purchasing the Dean Witter Reynolds securities firm and the Coldwell Banker real estate operation”. This was a big mistake, because this new business lines had little synergies with the company’s core business. In 2006, Sears’s made their second strategic mistake, which was a strategy to reorganize its operation in several departments that often run by personnel with little retailing knowledge. “It should come as no surprise that this policy was doomed to fail, as evidenced by the company’s financial results in recent years”. At this time Sears’s strategy is to sell off companies’ stores. The problem with this strategy could be that it is a sale of wrong assets at the wrong time. In brief, Sears has adopted the wrong strategies over and over again; still it is able to stay in the top 5 retail stores. Marketing is a key factor…

    • 1208 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    What types of services does Wal-Mart currently offer customers? Wal-Mart continues to expand not only its product offering, but also its services. Currently Wal-Mart offers photo services, pharmacy services, financial services, wireless service, tax prep services, and auto express service, which includes tires, brakes, etc. Why would the addition of express clinics to Wal-Mart stores be a good option? Express clinics are designed to treat patients’ injuries and illnesses that require immediate care, but are not serious enough to warrant a trip to the emergency room. The Urgent Care Association of America established criteria for urgent care centers in April 2009 -…

    • 1746 Words
    • 7 Pages
    Better Essays
  • Better Essays

    Innovation is the introduction of new goods and services that have been developed from an organizations understanding of what its consumers want. Whatever goods or services that may arise, they must be able to draw in the consumer’s attention. Organizations at the same time have to keep in mind the competition they are in with other companies. They are all trying to position themselves in the top spot to earn the consumers dollar, thus profiting. The new products that come from the organizations innovative efforts are released to the market in a manner that it is unique and attention getting. If the presentation is executed correctly; it will draw the attention of the consumer in… like a fish to a lure. Innovation is a fluid thing; management within…

    • 1699 Words
    • 7 Pages
    Better Essays
  • Best Essays

    Buss499Assignment5

    • 2940 Words
    • 12 Pages

    The mission statement of Wal-Mart is, “we save money of people, so they can live better.” This mission statement reflects the focus of Wal-Mart towards reducing the cost of its products and services continuously and to achieve the leading position in the retail industry (Wal-Mart Corporate, 2012). The vision of the organization is also to increase the living standard of people by providing them quality products at lower cost, which increased its customer base and facilitated it as the market leader in retail industry. The mission helps the employees to work together and consequently keeping the cost lower for people, which increased the preference of Wal-Mart’s products and services among customers.…

    • 2940 Words
    • 12 Pages
    Best Essays
  • Better Essays

    Clifford, S. (2010, December 21). Sears Struggles 5 Years After Kmart Merger - NYTimes.com. Retrieved March 16, 2014, from http://www.nytimes.com/2010/12/22/business/22sears.html?pagewanted=all&_r=0…

    • 1096 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Organizations today use creativity and innovation to change the products and services they provide to accommodate market demands. Companies may have difficulty with changes if there is no consideration for a competitive advantage or plans to transform and adjust their company to accommodate the demands for innovation of products and services for consumers. Organizations will conform to changes or transformation to achieve an economical advantage in business…

    • 1072 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    The paperwork OI 361 Week 3 Individual Assignment Organizational Impact Paper has a composition about The impact of product and services.…

    • 443 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    | |day. There are a number of days that | |setting weekly goals with their |monthly goals to achieve. |the world through innovative ideas. |…

    • 1267 Words
    • 6 Pages
    Satisfactory Essays
  • Good Essays

    Wal-Mart doesn’t limit its products to one specific need, but to any kind of need. When setting foot Into a Wal-Mart it may be overwhelming to see all of the products to choose from. “A quick look around at the store in Paris makes clear what an employee is up against: thousands of items (90,000 in a typical Wal-Mart)” (Olsson 612). To list a few items, Wal-Mart carries hardware, food, toys, and school supplies. Other stores that specialize in selling these products will lose a good percentage of customers that are needed to keep their business running. This variety can also potentially discourage customers from ever using different businesses. Nonetheless, these different areas of goods will satisfy the needs of many people when located in one area. People may come in for a specific item, simply because they are able to purchase it at the lowest price possible. Another common scenario is that someone may go there for multiple purposes instead of just one. For example, one can complete his or her grocery shopping, while purchasing a computer that is needed for school. Instead of traveling through town to find the same type of a computer for a lower price they can do it all at Wal-Mart because of the convenience the store offers. Not only small businesses but also larger companies can be hurt from this type of convenience. “The average Wal-Mart customer earns thirty-five thousand dollars a year” (Mallaby 621). Best…

    • 888 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    This paper will be discussing the manufacturing company Coca-Cola and the service company of Starbucks. I will be discussing the impact that innovation, design and creativity have had on the companies strategies. These factors are important in discussing because it will give insight into why the company has made the decisions it has. I will discuss certain processes, some of the products or the services which are offered.…

    • 1738 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Final Case Study

    • 1729 Words
    • 6 Pages

    Dear Amanda, as you know so many start-up small businesses like yours and often run in to the trouble of mismanagement because of so many assumptions based on establishing the business mission, vision statements; human resource management; lack of employee motivation; lack of properly defined working standards for employees and other outcomes measurable; not taking any concern of negative information about the organization especially from the clients which costs the organizations image and remaining too busy to pay attention to the establishment of problem solutions, lack of equity among employees and lack of proper follow up on the employees work. All these are consolidated in the four functions of management which are organizing, planning, controlling and directing.…

    • 1729 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    In this paper I will discuss my results of the Myers Briggs test and the CREAX creativity self assessment exercise, both were taken online and both were about 50 questions long. They pertained to subjects such as extravert, intuitive, feeling, judging, persistence, abstraction, connection, complexity, paradox, boldness, curiosity and perspective.…

    • 692 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Dr. Phyllis Anderson, Ph.D. Management, MBA. Taught at several higher-ed institutions and various business courses. Received a University Excellence Award. Plus has several years’ work experience in the private sector including with B. F. Goodrich, Continental Can, and United States Steel. Dr. Anderson has authored several publications and is a members of numerous management associations.…

    • 10109 Words
    • 35 Pages
    Powerful Essays
  • Powerful Essays

    Change

    • 5581 Words
    • 23 Pages

    Organizational theorists and consultants have developed a wide variety of models identifying important organizational elements and their interrelationships. Each is predicated on a particular theory/theories or perspective(s), and each intended to highlight and bring into focus a broad range of data and experience for purposes of diagnosis and intervention. A range of well-known models are displayed on the following pages. Please note: ! Most of the models suggest interaction or interrelationships…

    • 5581 Words
    • 23 Pages
    Powerful Essays
  • Satisfactory Essays

    Life Cycle Of A Company

    • 1304 Words
    • 24 Pages

    Bibliography: Moritz, Michael, The Little Kingdom: The Private Story of Apple Computer. New York: William Morrow and…

    • 1304 Words
    • 24 Pages
    Satisfactory Essays