The Diversity Of Macy 's Corporate Culture

The term "culture" has been used more and more recently but what exactly does it mean? Some have even regarded culture as "the most central problem of all social science" (Malinowski, 1939). According to Merriam Webster (2016), culture is defined as the arts and other manifestations of human achievements. If culture was as simple as Merriam-Webster defines it then the lives of anthropologists, sociologists, and psychologists would be much easier. As we know, culture varies greatly across religion, countries, and some cases in just states; the difference between the north and the south. We can conclude that culture is a set of shared thoughts, values, and cognitions (Geertz, 1973). With culture in itself varying tremendously based on values and location, then surely organizational culture is no simple concept either. The term "organizational culture" has just recently become to be used more (Barley, 1988). Though there may be disagreements on defining culture universally, researchers tend to agree that culture is of vital importance in an organizational context, whether that organization is a company or a government (Kilmann, Saxton, & Serpa, 1986).

Macy’s has been a pinnacle of success; spanning over a century, delivering nearly 160 years of quality service. Founded in 1858 by R. H. Macy in New York City, New York; its humble beginnings began as a dry goods store – R.H. Macy & Company – in the cities North district (Hanson, 2015).

In multinational companies, business leadership has numerous challenges. There has been a prevailing imperative towards the development of partnerships and strategic alliances. This has been because of the need for companies to lower production costs, carry out distribution in a foreign country, or succeed in the face of varied regulatory environments. The result has been the need for business leaders to frequently interact with and manage as well as be managed by culturally diverse populations.

“Culture consists of the symbols, rituals, language, and social dramas that highlight organizational life, including myths, stories, and jargon. It includes the shared meanings associated with the symbols, rituals, and language. Culture combines the philosophy of the firm with beliefs, expectations, and values shared by members. It contains the stories and myths about the company's founder and its current leading figures. Organizational culture consists of a set of shared meanings and values held by a set of members in an organization that distinguish the organization from other organizations. An organization's culture determines how it perceives and reacts to the larger environment (Becker, 1982; Schein, 1996). Culture determines the nature

Corporate culture is an intricate component of an organizations identity. Fortune 500 corporations have used corporate culture as a trademark. Best Buy, a leading electronics corporation, leverages its brand by promoting the “Geek Squad.” Walmart Corporation requires all associates to dress in dark blue shirts and beige slacks. This document will discuss cultural assessment tools used in assessing organizational culture and gaps within formal groups, leadership styles and techniques that influence social culture and diversity within formal workgroups, description of social culture that influence productivity within diverse workgroups and social culture and diversity of formal group members and the influence on organizational culture. The document will conclude with a summary of this discussion.

In 1858, Mr. Rowland Hussey Macy (or more commonly known as R.H. Macy) established the first Macy’s department store in New York City. Today, 158 years later, Macy’s is a chain of mid-range American department stores with its flagship store here in Herald Square. This particular store is labelled as the “world’s largest store” because of its one million square feet of selling space. The products offered are clothing, footwear, accessories, bedding, furniture, jewelry, beauty products, and housewares. As of April 2016, the Macy’s company operates 870 stores in 45 states, as well as Puerto Rico and Guam. Within the 870 stores, the workforce includes approximately 157, 900 employees. The company operates Macy’s, Macy’s Backstage, Bloomingdale’s, Bloomingdale’s Outlet, and their new project, Bluemercury. Macy’s is the largest U.S. department store company by retail sales (2015), and they are the 15th largest retailer in the U.S. in terms of revenue (2014). 2015 Fiscal sales totaled to an impressive $27.1 billion. In 2015, Macy’s came out strong holding a winning streak of five consecutive years of growth in earnings, return on invested capital, sales, and cash flow. However, throughout the year, the company experienced a conjunction of negative factors. Due to that, Macy’s was impacted within sales, profitability and margins. Some were caused by external issues and internal. According to Business Insider, Macy’s has blamed a variety of temporary factors for the slowdown in

The culture within Macy’s, Inc. is extremely important. Within the culture, the company focuses on diversity, social responsibility, involvement in the community, and innovation.

In a world of YEEZYs and Balmain, it could be difficult to see the worth of a small necklace from Macy’s. Our culture views anything less than luxury as worthless. In a culture such as this, a small, silver necklace has little monetary worth. It’s worth and meaning comes from the woman who wore it under her shirt every day, resting upon her heart.

We chose Costco for our term paper because of the high opinion each of us had towards it. We are all a part of the Costco generation; it is a household name and we look to it as one of life’s necessities. Furthermore we have all had positive experiences there; no one can beat Costco’s prices and its quality. What will we do without Costco? It’s an unimaginable thought. Given all of this we believed that it would be rather interesting to investigate the root

Founded in 1858 as a single dry good store, Macy’s has grown into one of the largest retailers in the United States. However, from its humble beginnings, Macy’s founders were innovators, always looking for the next creative idea that would keep their company growing. Thus from the start, Macy’s was a leader, a pioneer, and a trailblazer in the retail business, and has paved the way for which many other retailers have followed. Macy’s is famous for many industry ‘firsts’ and to this day still continually strives to set itself apart. It is because of Macy’s progressive approach to business that the company will continue to thrive and be a pioneer in the ever-changing retail industry.

Annual sales are the revenue that a company derives from the sale of its products in a year. In the case of Macy’s, the annual sales for 2015 decreased $1,026 million or 3.7% compared to 2014. The Company encountered an overall weakness in sales, but geographically sales in 2015 were greater in the western and southern regions, where the weather was less of a factor, while sales at locations that are frequented by international tourists.

As the United States population continues to become more diverse, it is important for society to develop culture awareness; organizations need to especially embrace diversity. Thus, diversity is essential to an organization to market to all different cultural backgrounds. As it is also a vital factor towards an organization performance and success.

Culture and the environment affect a business in many ways. Culture is not simply a different language, a different shade of skin, or different styles of food. Culture, and the environment in which you are a part of, affect the running of day to day business operations of all companies’ day in and day out. This paper will assess how Linda Myers, from the article, “The would-be pioneer,” (Green, S., 2011) was affected by the huge culture shock of working for a global conglomerate from Seoul, South Korea. We will discuss what went wrong with Ms. Myers approach to business, Hofstede’s five dimensions of culture as it

Corporate culture is an intricate component of an organizations identity. Fortune 500 corporations have used corporate culture as a trademark. Apple Computers, a leading technology corporation, leverages its brand by promoting connectivity between all Apple devices. Walmart Corporation requires all associates to dress in dark blue shirts and beige slacks. This document will discuss cultural assessment tools used in assessing organizational culture and gaps within formal groups, leadership styles and techniques that influence social culture and diversity within formal workgroups, description of social culture that influence productivity within diverse workgroups and social culture and diversity of formal group members and the influence on organizational culture.

In this week’s assigned reading, the theory I closely relate to is Deal and Kennedy’s “Strong Cultures”. Within the ‘Cultural Approaches’ chapter of our textbook, Deal and Kennedy argue that business success can be enhanced through the development of a “strong” culture (Miller 83). With four key components, Deal and Kennedy believed that businesses would be a better place for employees to work and thrive in their professions (Miller 83). These key components are values, heroes, rites and rituals, and cultural network.