SCENARIO 1: In this scenario, I would use the Open Space method to get a resolution from the senior managers. By using this method of resolution, the managers could get into small groups to converse about what their concerns and how they think that the company as a whole could fix the issue and move forward. This method would involve brainstorming, gathering options, choosing the best options and use them in new research ideas and attractive funding. With Open Space Technology, its characteristics would involve there being no actual leaders set in place so that everyone has an equal ground to state their concerns and ideas about how to fix the issue. Next, there would be a collective responsibility for all members to …show more content…
No one likes a dictator that comes in from outside the company and starts setting new rules and standards with no input from employees that have been working for the company. From the sounds of the scenario, these issues aren’t detrimental to the company’s success and growth. But they need to be addressed and resolved to ensure the company doesn’t have to deal with any major problems down the road and avoid a “plateau” in the future. At the end of the social Open Space event, the CEO should take all professional opinions and possible solutions into account and sit down with the senior management to go over the results of the Open Space event. Then evaluate what they would think that would be the best and most successful decision to make to solve the issues at hand. Lastly, the new CEO should have a company social event to present his findings and explain the resolutions that have been decided on to fix the issues discussed. By identifying the problem, gathering possible solutions, making a tentative plan, making necessary movements, reconnoitering the situation, completing the plan, issuing the complete order (publishing the resolution found) and supervising the plan of action, the CEO can be successful in fixing the issues and moving forward and starting out on “the right foot” in this new company that he has taken leadership of.
SCENARIO 3: In this scenario, the
I would advise the CEO that to better serve the company’s desire we would start with a strategic plan by setting goals and objectives. It would be best to elicit the opinions of every staff member on how they feel about the company’s goal. After listening to the staff opinions on how best to implement the goals, a plan is to be put in place detailing the steps by steps on how to achieve each tasks. I would emphasize to the CEO the importance of setting goals and communicating them effectively to the staff members, especially those who will be the managers. Additionally, the CEO is to consider the needs of each individual in the company. It is important to address both the task and the needs of the employees ( Phillips & Gully, 2014).
Communication - Communication is very important to our well being as a company. The CEO will only be seen or heard from when there is an issue with business or there is a big decision to be made that can not be made by the workers and managers themselves. They make decisions and give instruction through our CFO who then distributes that information between to the personal assistant. The information then goes to the floor supervisors and the DC. From there it can go to the regular employees and therapist so that everyone is on the same page.
In addition, making sure that the chief executives of the company are involved can help in accurate feedback when analyzing the functions of the organization. This collaboration would help improve market trends and can create an environment suitable for financial success.
449). Secondly, the Chief Executive Officer is an organizational leader following standards of conducts that refer “the officer reasonably believes to be in the corporation’s best interest” (Thompson, 2008, p. 17). A strong leader can only lead when that leader knows what direction they are going. For example, one activity for distributing from centralized leadership is “a structural layer that forms the overall frame and direction for knowledge creation in the organization”; therefore, knowledge of proper management skills is important (Jain & Jeppesen, 2013, p. 349). To overcome a leaderless organization an employee or manager can take initiative by setting department goals that include a mission and a vision. Then, strategically formulate organizational goals that support the corporation’s best interests. All in all, an organizations department management team can create a strategic management process per department that supports the organizations best interest.
Liz the CEO of CanGo company has been selected the Business Leader of the Year. However, she is not prepared to discuss how her company accomplished all this success because she doesn’t have a strategic plan in place. She is somewhat nervous about how she will prepare a speech about a plan that she doesn’t have in place.
Management structure should be relooked and possibly restructured. The management structure that is currently in place is not conducive to the work function that it oversees. Before the problem can be fully understood it is important that the players and their positions be clarified.
The aim of the organization is to make money for the shareholders and increase their profits. Companies tend to hold an annual meeting of the shareholders to discuss the progression of the business. Shareholders who identify issues within an organization in which they own stock may choose to meet immediately with the company’s board of directors. Once this meeting commences, they have the chance to point out deficiencies and find out what they plan to do to correct the matter. They may also offer input on methods to fix the issues that they are facing. For example, if staff shortage is a concern they can suggest hosting a job fair or teaming up with a staffing agency to increase the number of healthcare professionals. Another
On January, he wants to develop a strategic planning session where his new board members can start on building a new future and helping other members expand their businesses. One of their
Publicly held companies are not successful by chance. They have to utilize systems that will determine their future and identify potential financial risks, be they environmental or by fellow competitors. The company will focus on five areas of concern that will lead the public to a better understanding of its goals and areas that need improvement. It will make public by means of an organizational statement an outline detailing its purpose as well as general guidelines for accomplishing it. The company will then reveal (with concrete evidence
company is growing successfully however there are still issues within the business that need to
The company faces pay equity issues both internally and externally. Internally, employees working in the warehousing department want to be transferred to manufacturing in order to make more money. This immediately begins to throw off the
This can effect a number of areas within the organisation, including reputation to their clients/customers, general publics views/opinions, employees and even the companies finances.
As the new CEO of XYZ global financial services, I will immediately engage and communicate with the firms stakeholders via hosting a Town Hall webcast in order to inform and empower the firms stakeholders (JWI 505, Week 1, Lesson1). I will inform and increase the knowledge of our employees and shareholders by reviewing our capital strengths, reduce uncertainty about the new regulatory environment and our new compliance plans, and defines our new customer focus. I will empower and transfer authority to our stakeholders by reviewing our strategy based on the mission and values of the organization to continually train and successfully attract high-quality employees and provide a candid assessment of where our country and the world are today and discuss our opportunities for success and anticipated challenges.
In order to be successful in the long range, the CEO's strategy must encompass countless factors. He must devise a plan to grow the business in the face of competitors, not only from within the United States but from any and every region of today's global economy. The CEO calls the plays for a team of tens (and sometimes hundreds) of thousands of workers. All of the actions of every employee and every aspect of the business must be coordinated and integrated to produce the cars, computers or CAT scanners that yield profits to the company. It is the CEO who is responsible for that integration.
As a business management, strategist discuss and advice on how to deal with this Issue.