Case Study Analysis JOVAN PETKOVIC AET 560 DR. JOSEPH WALTERS MAY 14, 2015 Agenda Selected Case Study Background Best practices Theory applied Theory as a change agent Summary Open floor for discussion Case study ASDA – Grocery store chain United Kingdom Facing bankruptcy Archie Norman hired to lead company out of bankruptcy Never had any retail experience Newly graduated with an MBA Background ASDA Company Background Started in the late 1960’s Pioneered with concept of large markets / expansive parking lots / low prices Flourished in working class areas Known as the blue collar store Warehouse like atmosphere Background ASDA Company Background 65,000 employees 205 Stores 2,000 corporate employees 4th largest grocery chain in the United Kingdom Annual sales of $6 billion Claimed 8 percent of the market share Background ASDA Company Background Old management Split into acquisition of other retail stores (carpeting and furniture) Aiming at wealthier customers Spend lavishly on upper management Private jets Increased bonuses High-style offices Company nearing bankruptcy Best practices Renewal process Corporate strategy Articulation of company values Blueprint – ASDA’s Way of Working Strategic Renewal “We will supply the weekly shopping needs of ordinary working families” Culture Change Shatter old culture Rebuild from ground up Theory applied Transformational Change Motivation Commitment Involvement Support Open communication / transparency Overcome resistance Passive Active Aggressive Summary Company wide complete renewal 3 year completion goal Individual accountability and responsibility Open floor Let’s discuss… References Spector, B. (2013). Implementing organizational change: Theory into practice (3rd ed.). Upper Saddle River, NJ: Prentice Hall. Tupper, C., Deszca, G., & Cynthia, I. (2012). Organizational change: An action-oriented toolkit (2nd ed.). Thousand Oaks, CA: Sage.