Informal Proposal
Methods in Management
Wal-Mart, Sysco and Costco
Written by: Alaia Fayad, Alexa Brooks and Olaf Sindabizera
For: Linda Jay BUS 150
Table of Contents Decision Making 3 Strengths and Weaknesses 5 Cultural Organization 6 Environmental Factors 6 Adapting to Change 6 Organizational Training 7 Conclusion 7 Bibliography 9
Decision Making
Decision making is an important process of any company’s growth strategy and each decision is made with careful calculation and analyzation of the company’s data. Although there is some variation to the way information is processed as it reaches the top of any company the decision making process is more or less similar between Costco, Wal-Mart and Sysco.
If I was in the process of buying a house I would first need to take some time to reflect on which details of the house were most important to me and often time I would start with the very basic: is the house functional or does it need a lot of work? Is there enough space for me to be happy? Is it in a location that I am comfortable with? Upon answering these questions I could obtain a clearer idea of what I needed. Costco, Wal-Mart and Sysco all use similar strategies when gathering information. Information is gathered from the employees and franchise managers and this information makes its way to the top of the company where a board of directors uses analytical techniques and technology to implement new procedures, policies and regulations.
Input is accepted from all levels of the company, this is how the board of directors and CEO’s are able to make informed and well-rounded decisions. An analytical approach is taken so as to be able to weigh all options and fully view the effects each decision will have on all levels of the company: from production, manufacturing or transportation to employee and client relations.
Although these three companies are very similar with their approach to decision making, the techniques and technology used to ultimately
Wal-Mart, Sysco and Costco
Written by: Alaia Fayad, Alexa Brooks and Olaf Sindabizera
For: Linda Jay BUS 150
Table of Contents Decision Making 3 Strengths and Weaknesses 5 Cultural Organization 6 Environmental Factors 6 Adapting to Change 6 Organizational Training 7 Conclusion 7 Bibliography 9
Decision Making
Decision making is an important process of any company’s growth strategy and each decision is made with careful calculation and analyzation of the company’s data. Although there is some variation to the way information is processed as it reaches the top of any company the decision making process is more or less similar between Costco, Wal-Mart and Sysco.
If I was in the process of buying a house I would first need to take some time to reflect on which details of the house were most important to me and often time I would start with the very basic: is the house functional or does it need a lot of work? Is there enough space for me to be happy? Is it in a location that I am comfortable with? Upon answering these questions I could obtain a clearer idea of what I needed. Costco, Wal-Mart and Sysco all use similar strategies when gathering information. Information is gathered from the employees and franchise managers and this information makes its way to the top of the company where a board of directors uses analytical techniques and technology to implement new procedures, policies and regulations.
Input is accepted from all levels of the company, this is how the board of directors and CEO’s are able to make informed and well-rounded decisions. An analytical approach is taken so as to be able to weigh all options and fully view the effects each decision will have on all levels of the company: from production, manufacturing or transportation to employee and client relations.
Although these three companies are very similar with their approach to decision making, the techniques and technology used to ultimately
Bibliography: * Barnat, Ryszard, (n.d.), Strategic Management: Clan Control, Retrieved from http://www.strategic-control.24xls.com/en112 * Barnat, Ryszard, (n.d.), Strategic Management: Management Control, Retrieved from http://www.strategic-control.24xls.com/en116 * (n.d.), Working at Wal-Mart, Retrieved from http://corporate.walmart.com/our-story/working-at-walmart * (n. d.), …, Retrieved from http://www.youtube.com/watch?v=Jazb24Q2s94 *