Organizational change is an essential part of a business establishment when radical transitions are required to improve on the performance. These changes are aimed at maintaining focus on the vision and mission of the company given a set of prevailing internal and external conditions. The companies chosen for this project are Wal-Mart and Procter and Gamble since they have in the recent past instituted numerous changes in their managements as well as in the manner in which they conduct business. As such, this project is aimed at making a comparison of these changes and how they have affected profitability margins, financial position, market share, and managerial efficiency.
Since its inception and subsequent listing in the New York Stock Exchange, Wal-Mart has experienced numerous changes. Among the most significant changes that have taken place in the company include but not limited to: first, staff that have shown excellent performance have been promoted to senior management positions to enhance the success of the organization. Secondly, the company has reduced the scope of market managers so that they will specialize in more specific duties to enhance efficiency. Thirdly, the company has established a skill enhancement program for the staff so that they can develop talents and increase opportunities for growth within the organization (Wal-Mart, 2010).
On the other hand, Procter and Gamble also experienced some changes in the recent past. These include: first, the appointment of presidents to each of their international business units. Secondly, the company decided not only to report on current and past financial statements but will also publish the financial projections and estimates to enhance the performance of staff. Thirdly, the company has strategized on alignment with the manufacturers and suppliers of their products to ensure that procurement procedures are adhered to (Procter & Gamble, 2013).
Procter & Gamble. (2013). Procter & Gamble Announces Organization Changes. Retrieved from http://news.pg.com/press-release/pg-corporate-announcements/procter-gamble-announces-organization-changes
Wal-Mart. (2010). Organizational Change Memo From Bill Simon. Retrieved from http://corporate.walmart.com/_news_/organizational-change-memo-from-bill-simon-2010