.

Sunday, January 6, 2019

What Makes CarMax Great? Essay

            plaqueal nuance forms commence of the influencing factor towards the advantage of an physical composition. Within every organization, in that respect atomic number 18 practices, which atomic number 18 considered the norm, and dictates how trading operations in an organization atomic number 18 elevator carried extinct. Organization socialization in whatever eccentric person depends on the grapheme of lead inner(a) an organization. CarMax organization tillage has contributed immensely to its movement, which has seen it get famous in wholly of its locations to the consummation of being ranked among the top companies in mass vitamin D magazine. Its market-gardening revolves several(a) artefacts much(prenominal) as voice communication, physical structure, set, ceremonies and rituals. The winner of the club is realized from benefits of organisational finis, which complicate change magnitude sales, productivity, custom ers loyalty and efficient run delivery. Therefore, positive organisational civilization should be promoted at bottom organizations.Abstract          organisational socialisation is as a set of attitudes, norms, beliefs and practices that ar sh ard by employees as considerably as the trouble in any organization or c whollyer (McShane, & international adenineere Von, 2014). The husbandry commandly includes various factors much(prenominal) as how customers, suppliers, employees and new(prenominal) stakeholders argon regaleed when making ratiocinations inwardly an organization in impr all all over to speed, level and process of conclusiveness-making (Ovidiu-Iliuta, 2014). Moreover, the socialization encompasses the level of control and formality that is employ when carrying out operations and rewards gift to peachy carrying outs within an organization.          CarMax Incorganisational close plays an important uti lisation within organizations whereby it t sufficient services in outlining the behaviors that atomic number 18 enchant for employees and new(prenominal)wise operation practices. An organization that has all the steering defined it cultivation en reals that the members of the organization pick up it a centering what the beau monde or organization attends from them and stakeholders expect from the society (McShane, & group A Von, 2014). organizational refinement simply helps in defining an organization and its employees and giving it identity. The good sense of identity is besides communicated to the customers of the federation, the employees of the ac union, the suppliers as intimatelyspring as the general public that constantly interact with the companionship.          every(prenominal) stakeholders, both external and internal, know who a companionship or an organization is with the enculturation that is communicated to them by the f raternity or organization (Ledimo, 2013). Furthermore, it is to be famous that organisational coating helps in giving employees the sense of identity and offer ups the overall goals and objectives of the organization. organizational culture is what holds the senior high school society or organization in concert through hard times and indulgent times (CarMax, Inc. SWOT Analysis, 2014).          CarMax is wholeness of the largest retail merchants of utilize cars in the United States and is one of the Fortune 500 Companies. The first location of the federation was opened up in the year 1993, and since then, it has experience sum upd summation (CarMax vexation Services, LLC, 2014). The CarMax Company had 128 locations by January 2014, clearly an index number that the confederation has grget over the geezerhood. The growth in the high society fundament heavy(p)ly be attributed to the organisational culture and value among other factors, which hav e propelled the keep confederacy to the live position.ArtifactsLanguage          CarMax Company is a retailer based in the United States. The language that is generally use for business in the United States is the English language (Ovidiu-Iliuta, 2014). As set off of the language used at CarMax, the slogan used which helps in giving identity to the ships company is The way car buying should be. The employees trifle as team, which is bear witness by amply interpersonal relationships among them. The interpersonal relationship is besides extended to customers where employees laid-back communication skills are maintained crossways all departments.Rituals/ceremonies            Apart from the language that is used within the company for business and fundamental interactions amongst the associates and yet with customers and other stakeholders, ceremonies are part of the organisational culture within the company. It is the cultur e of CarMax that whenever employees perform headspring, they are reward for their efforts. The rewards do not only just lift in form of presents and other rewards sort of, the company always organize for steak cookouts for the employees. The steak cookouts are conducted regularly every time there are employees to be reward for great process within the company. This provides an opportunity for the employees to interact with one another and percentage their ideas for the improvement of their performance and success of the company.            Furthermore, it is as swell as part of the organizational culture to ensure that the associates within the company have fun in addition to the customers. The company organizes for regular pizza parties and steak outs for its employees and encourages an asynchronous transfer mode that is friendly driven by the cerebrate of the company on integrity towards the customers and the employees of the company (McShane, &am p Von, 2014). Employees are rewarded with benefits such as holidays, time away, and paid vacations. Furthermore, the company offers rewards such as purchase of cars and accessories at discounted prices, discounts on childcare, appliances, fitness memberships, cell phones, travel, and furniture among others that help the employees save money. Consequently, The company employees show high respects for their customers and address them calmly. This has seen the company burgeon forth loyalty and relieve oneself emotional connections with its employees, which contributes to its success.            When hiring, CarMax unremarkably conducts telephone interviews in the first place face-to-face interviews. It is similarwise the culture at CarMax when recruiting to conduct dialog box interviews as well as behavioural interviews for new employees. To set itself apart from other companies, CarMax withal offers testing to interviewees before they flush toilet be employed. This ensures only the nearly subject are employed. The hiring process is quote intense ensuring that employees with the relevant skills are employed. This has been one of the alter factors towards the success of the company because there is no compromise on the theatrical role of staffs employed. natural structures            CarMax operates in what are cognise as superstores whereby a typical store is close(predicate) 59,000 square feet (5,500 m2), and it carries close 300 to cd vehicles. Furthermore, CarMax has a home business leader that appears resembling a glass box that has been renew and is slipped in a forest (ADD Inc, 2014). The office located in such a way that there is access to daylight. It also has energy-efficient systems that regulate and control the energy spending within the structures. The home office is designed in such a way that it appears beautiful in its natural surroundings.          &nb sp  The structures are constructed using a campus plan which helps in minimizing the impact of its size whereby four-storey parking has been used. The inside of the mental synthesis is constructed in such a way that it has strategically located points of interaction for the associates and customers. This helps in building a culture of collaboration and collegiality within the company. The headquarters of the company is a five-story office building that is do up of 243,000 square feet for offices, in addition to 19,000-square-foot used as a fitness facility.           The building is located in a 3,500-acre piece of land in western Creek vocation Park in the county of Goochland. The building is surrounded with trees and has a footnote connector that simply joins the office building and a parking deck that hindquarters host 1000 cars (ADD Inc, 2014). As part of the physical structure, CarMax uses yellow, navy blue and egg white colour as part of its i dentity. The company logo is made up of the colour mentioned giving it unique looks that distinguishes it from other companies. The staffs of the company also put on uniforms, generally t-shirts, that bear the logo of the company and the influence of the company. This also helps in uniting the employees by giving the identity of being equal. set            The main fundamental principle that guides the culture at CarMax is integrity, which is unremarkably reflected in the way the company serves the customers, deliver its products to consumers as well as how employees within the company treat each other. divided set are considered to be the foundation on which the operations of the company are built on CarMax Business Services. Through the various set that are shared within the company, the company seeks to ensure equal treatment of its investors, customers, and associates in equipment casualty of ethical practices and trustworthiness ( grand array to Work, 2014). The employees are involved in decision-making in addition to respect of customers and being fair(a) as major ethical practice.          The values that are shared within the company include sort, customer focus, communication, teamwork, associate development, and improvement. It is the culture of the company to conduct its operations in a customer-focused way, which is aimed at providing customers with great experience. On the value of respect, the company promotes individual association among the associates and values the contribution that they figure out towards the company. Teamwork is also another value that is back up within the company. The employees and the management of the company normally work together for the interest of the company and also for the interest of the customers of the company. Communication is highly encouraged according to a batch conducted by Greatrated.com (2014).          The survey observed tha t 93% of the employees check into that there is great communication within the company. Sharing of information, soliciting for feedback and exchange of ideas within the company is also another organizational culture that is highly encouraged (CarMax, Inc. SWOT Analysis, 2014). conversion is also another value that is do and encouraged as part of the organizational culture at CarMax Company. The uniqueness of the associates and employees is well integrated into the company and work is through to ensure that everyone in the company feels see and valued despite the diversity in footing of beliefs, race, and gender among other aspects of diversity (Great Place to Work, 2014).            novelty within the company is promoted through various ways from the associates, the customers and even the community. For the Associates of the company, CarMax ensures that it hires, promotes and trains only the qualified associates who possess various(a) attributes. Furth ermore, the associates are treated with lots of respect, their contributions are respected and valued by the company and are always provided with benefits that help in supporting their diversity within the workforce. In addition to that, the associates are provided with an inclusive and cooperative environment that helps in encouraging the ideas and inputs of the associates.           Diversity is also promoted among the customers whereby it is the culture of the company to welcome all its customers in all the stores if the company (McShane, & Von, 2014). Customers are also treated with utmost respect with an aim of providing them with exceptional experience. As part of the culture within the organization, all customers of the company are offered war-ridden and ethical offers that meet the penurys of the customers. The community is also not left out on the issue of diversity at CarMax Company.            It is the organization al culture of the company to make positive contributions towards the communities, which it operates, and its employees live in (Na, & Morris, 2014). This is through with(p) through the promotion of leadership in the youths, promoting education and wellness in the communities. CarMax supports diverse organizations and programs within the communities through internships, grants, pop the question activities and offering of sponsorships to the needy in the communities. another(prenominal) organizational culture that is practiced at CarMax is that of associate development.            Everyone from the junior employees to the top management is provided with opportunities for professional growth and development. The development of the associates and employees is done through coaching, sponsored trainings as well as mentoring of the employees. This has helped to improve the skills and work-performance of employees over the years. This can also be considered to b e a change factor towards the tremendous growth experienced by the company in terms of its expansion and performance over the years.            correspond to the survey by Greaterated.com (2014), it is observed that active 86% of the associates and employees at CarMax agree that they are offered great opportunities that help them to develop professionally and become better people. The positive culture within CarMax is generally attributed to the leadership with which about 94% of the employees according to a survey by agree that the bosses are great to work with. It is to be noted that the values that are practiced at CarMax spark from the top management within the company whereby the leadership of the company is considered to be d give birth-to commonwealth and focused on the associates of the company (CarMax Business Services, LLC, 2014). The type of leadership that is found within an organization is an important factor that influences the type of organ izational culture that is found within an organization.          Furthermore, it is also to be noted that CarMax offers its employees what is known as flexible time-away (CarMax, Inc. SWOT Analysis, 2014). This is a policy whereby employees are allowed to have just about few weeks away from work before they resume their duties (Greaterated.com, 2014). This is a culture that to some(prenominal) extent is not good considering that the employees are not offered time for vacations. This culture should instead be changed to that of offering vacations, which will provide the associates with enough time to relax and build their lives.           The companys culture has contributed to its increased that has seen it being ranked position 54 among the Fortune 500 Companies list (Fortune 500 Magazine, 2014). An average employee within the company normally gets time away whenever they are in need of time to rest. Employees work in shifts whereby the re are those that take the morning shift while others take the flush shift, but on rotational basis.Shared assumptions         Consequently, organizational culture is made up of shared assumptions within an organization. Employees normally share assumptions, which translate into being part of the organizational culture. In the sae of CarMax, the employees share the assumption that they own the company. This is based on the reason that the employees are constantly involved in the decision making process within the company. The employees are made to feel comfortable by allowing them to take part on decision making especially on matters dealings with the sales of the company and how they can increase their performance. Furthermore, the other assumption that is shared about the company is that all the customers get satisfy with the products that the company offers to them at all times. organizational assimilation and Performance of the Company      & nbsp    Organizational culture and behaviour has been identified as one of the add factors towards the success of an organization. When there is positive organizational culture in a company, there are high chances that the company will be able to succeed (Niamh Ring, 2014). In the typeface of CarMax, the organizational culture that is practiced has been a contributing factor towards its growth over the years in the United Sates market. The organizational culture at CarMax can be verbalize to have positive impact on the performance of the company in terms of employee turnover and customer attraction.           The revenues of the company have been on the increase over the years, which ungenerous that the organizational culture of treating customers with respect, and valuing their diversity has been of great help (Janiijevi, 2013). It is also to e noted that the company has been able to retain most of its employees over the years (Reuters.com, 2014) . This can be attributed to the positive organizational culture of empowering employees, valuing their contributions in the company and helping them improve professionally through trainings, coaching and mentoring (Niamh Ring, Jun 20, 2014). The impact of the organizational culture that is practiced at CarMax Inc can be seen through the number of stores that the company has been able to open up over the years. As of the year 2014 January, CarMax had about 128 superstores across the United States.           A stiff organizational culture is beneficial to a company, the employees as well as the customers of the company (Bschgens, Bausch, & Balkin, 2013). When a company has a strong and positive organizational culture, the productivity of the company is likely to improve as well as the performance of the employees (Reuters.com, 2014). Employees become motivated to work for the company therefore resulting in increased productivity. An average employees works for eight-spot hours a day for a five-day ache week. This ensures that employees are not overworked and have stark time for recreational. This strong and positive organizational culture has helped to provide customers with high quality products CarMax (Narrative Science, 2014). When customers are provided with high quality products, satisfaction is guaranteed, which means that the company will go to make sales from the customers as well as expand its operations to other markets, as observed in the case of CarMax.         The organization culture practiced by CarMax has impacted positively to its economic growth. The company has maintained high number of customers across America thus commanding a significant market shares in the assiduity of used cars. It has also given the company competitive advantage over other companies selling second handcars. This has been evidenced by its ever-growing sales and market share over years. Hence, the company should maint ain its culture and submit to improve its customer service by concentrating on customer loyalty, which make sure that customers are emotionally connected with all its products. The strategy will see it prevail in the market just like Apple, Philips and Nike that are widely known for their blot loyalty.Conclusion            Every company has its own organizational culture that is practiced by the employees and determines how a company operates. Considering that organizational culture has great impacts on the success of an organization, companies should build and encourage positive organizational cultures that benefits all the stakeholders. CarMax attributes its success to the positive organizational culture that it has been able to build and maintain over the years. Therefore, the overall conclusion from the case outline of CarMax with regard to organizational culture is that companies need to have positive organizational cultures that amaze benefits.Refe rencesADD Inc (2014), CarMax Home Office http//www.addinc.com/portfolio/project-page.aspx?projID= one hundred five&PortID=2 on tenth phratry 2014.Bschgens, T., Bausch, A., & Balkin, D. B. (2013). Organizational Culture and Innovation A Meta-Analytic analyse Organizational Culture and Innovation A Meta-Analytic Review. Journal Of Product Innovation Management, 30(4), 763-781. inside10.1111/jpim.12021CarMax Business Services, LLC (2014) About CarMax Our culture and values, viewed from http//www.carmax.com/enUS/company-info/culture.html on tenth family 2014.CarMax, Inc. SWOT Analysis. (2014). CarMax, Inc. SWOTS Analysis, 1-9.Great Place to Work (2014), What Makes CarMax Great, viewed from http//us.greatrated.com/carmax on 10th phratry 2014.Greaterated.com (2014), 2014 Fortune 100 top hat Companies to Work For List, viewed from http//us.greatrated.com/2014-fortune-100-best-companies-to-work-for-list on 10th family 2014.Janiijevi, N. (2013). The mutual impact of organizational culture and structure. Ekonomski Anali / Economic Annals, 58(198), 35-60. inside10.2298/EKA1398035JLedimo, O. (2013). Managing Organizational Culture Through an Assessment of Employees Current and pet Culture. Proceedings Of The European Conference On Management, Leadership & Governance, 161-168.McShane, S. L., & Von, G. M. A. Y. (2014). Organizational behaviour. McGraw-Hill Higher EducationNa, F., & Morris, T. (2014). Organizational ambidexterity strategy and firm performance the moderating role of organizational capital. honorary society Of Management Annual Meeting Proceedings, 1138-1143. doi10.5465/AMBPP.2014.22Narrative Science (2014). Earnings expect to increase for CarMax, viewed from http//www.forbes.com/sites/narrativescience/2014/04/02/earnings-expected-to-increase-for-carmax/ on 10th September 2014.Niamh Ring (Jun 20, 2014), CarMax Soars as Earnings, Revenues Top analyst Estimates, viewed from http//www.bloomberg.com/news/2014-06-20/carmax-soars-as-earnings-rev enues-top-analyst-estimates.html on 10th September 2014.Ovidiu-Iliuta, D. (2014). The link between organizational culture and performance management practices a case of it companies from romania. Annals Of The University Of Oradea, Economic Science Series, 23(1), 1156-1163.Reuters.com (2014) Carmax Inc (KMX), viewed from http//www.reuters.com/finance/stocks/companyProfile?symbol=KMX on 10th September 2014.Source document

No comments:

Post a Comment