Comparison of the Home Depot and Umpqua Bank Essay

Comparison of the Home Depot and Umpqua Bank - Essay Example The researcher of this essay aims to find a unique and outstanding banking environment, so that he compares he Home Depot and Umpqua Bank. To come up with a framework for the radical new culture, the Home Depot management under Nardelli as the CEO, created nine divisional operating offices. These offices had different pricing accords with the same supplier. This was done to enhance efficiency and diversification to spread risk and uncertainties. The managers were up to task and had righteous will for the prosperity of the bank. In Umpqua, the management is up to date and is culture oriented to satisfy clients and acquire new branches. To maintain their culture in newly acquired branches, they bring their new employees to their main deport for training. To draw the attention of its customers, Umpqua transforms some of its branches into store. This bank creates switching costs to its customers to lock them in. The firm uses many millions to design a new generation stores. To enhance ef ficiency, Home Depot came up with a design called a culture change tool box. This toolbox had several plans of handling different situations. They include information models, which had comprehensive outlines to organize presentation data, strategic operation, and resource planning, store manager learning forums to help the attendees’ acquaint themselves with the novel strategies, employee task force. In conclusion, the researcher states that these two firms have almost the same plans based on their client satisfaction and profit generation.

Fast Food Franchise Coursework Example | Topics and Well Written Essays - 500 words

Fast Food Franchise - Coursework Example Both Pizza Hut and Arby’s usually have gift cards offered to loyal customers of the franchise. Arby’s gift is normally a packet of freshly sliced meat (â€Å"Arby’s†). Pizza Hut offers gifts to its customers but unlike Arby’s; it has a variety of gifts that the client chooses. Some of the most common gifts from Pizza Hut to its loyal clients include e-gifts and traditional gifts that normally comprise of pizza, pasta, wings and much more (â€Å"Pizza Hut†). The two companies also have various promotional methods. This is normally in a move to create more awareness of their products to the people in a bid to attract more clients. Apart from television, Arby’s promotional method comprises of use of mascots while Pizza Hut normally relies on offering gifts. The layouts could be an advantage or hindrance to productivity. Gifts cards are the most used forms of luring clients into becoming loyal to the company. This is because once one receives a gift card; he or she becomes a loyal client. Continuous purchasing of food from the company by using the gift card normally results to one getting points, which are usually redeemed for a free meal. Gift cards can also result to a drop in productivity. This is because, once many people have gift cards, the company would start giving out more free food in the form of gifts. Promotional methods used by these companies can be advantageous yet at the same time can be a hindrance to the company’s productivity. The use of television advertisement is a better promotion method. This is because it normally reaches many people at a rather short period. The methods can also be a hindrance to productivity. This is because not many people watch television and this might result to low response from the television promotions hence resulting to decline in a firm’s productivity. The use of mascots as a promotional method is normally beneficial to a company. One reason why mascots enhance productivity in a company is that