State and explain the restructuring strategies used by a firm to withstand the COVID-19 Pandemic. If the strategies used can be departmental basis I will appreciate. Explain which of the restructuring strategies worked and/or did not work. Given reasons in each case Also, explain what you would have done differently if you were part of management.
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State and explain the restructuring strategies used by a firm to withstand the COVID-19 Pandemic. If the strategies used can be departmental basis I will appreciate.
Explain which of the restructuring strategies worked and/or did not work. Given reasons in each case
Also, explain what you would have done differently if you were part of management.
Note; Any company familiar with can be used.
Step by step
Solved in 3 steps
- formulate a strategy/strategies for effecting a turnaround for this troubled organization. Be realistic, practical and to the point. You may consult – for reference purposes only – the EFE and IFE matrices, and CPM of PIA vis-à-vis other competing airlines. These are all available on the Internet; but please do NOT copy-paste anything verbatim. You may consult the Internet and obtain a format for writing a consultant’s report; there are many examples available. You may use paragraph format in this part with proper headings and topic sentences for each paragraph.Set UP Develop a strategic entrepreneurship plan to help a company decide whether to take a build, buy, and/or partner approach. To understand the background and parameters of the project, read this email from your supervisor: TO: Strategy TeamDATE: November 1, YYYYSENDER: [email address of supervisor]SUBJECT: Strategic Entrepreneurship Plan Our company experienced exceptional growth last year, yet we feel that there is a need to increase our capabilities to achieve our growth targets this year and in the future. As our lead strategist, could you analyze our company’s current capabilities and determine if we should take a build, buy, or partner approach to increase our capabilities? As you consider our current capabilities, please look at who we currently partner with, recent acquisitions, and innovations in the company. Then propose a plan for how to best meet the growth plans that leadership has established. This strategic entrepreneurship plan will help be invaluable for…Please write at least 200 words. When Jeff Bezos gave a talk to a class at the Harvard Business School in 1997, one student bluntly told him, “You need to sell to Barnes & Noble now.” Bezos understood how hard it is for established organizations to adapt. He knew Barnes & Noble would fail to adapt to the changing environmental needs which Amazon could envision. Case Question Based on this caselet and the concepts learned in this topic, which kind of inter-organizational relationship does this caselet refer to? What do you think made Amazon a success? As a manager at Barnes and Noble, how would you have done things differently to save the company from being outcasted by Amazon?
- You have been hired as a Management trainee assisting the Head of Strategy for a multinationalCompany. Your immediate boss has requested you to brief him on your understanding of theStrategic Management process. In his request to you, he admitted that, there are a number ofapproaches but he indicated his preference for the one adopted by Pearce and Robinson. You aretherefore required to answer the following questions in an attempt to explain the strategicmanagement process;a. In one of the definitions used by Pearce and Robinson, Strategic management wasdescribed as the “art and science of formulating, implementing and evaluating crossfunctional decisions aimed at achieving organizational goals”; Briefly discuss the contextin which strategic management could be described as ‘an art’ and when it also could bedescribed as ‘a science’.b. Describe the strategy formulation process; clearly explaining three major activities thatare undertaken at this stage? c. Distinguish between business…explain the business-IT maturity model and comment on how this model relates to the points raised by Krotov in the article “Bridging the CIO-CEO gap: It takes two to tango”, Frick in the article “Google's CIO on How to Make Your IT Department Great”, and the perspectives of IT governance presented in Chapter 9 (Pearlson, Saunders & Galetta). How would you rate your own organization (or an organization you research) using the business-IT maturity model?STRATEGIC HUMAN RESOURCE MANAGEMENTOVERVIEW This case provides an excellent example of the linkage between organization strategy and humanresources processes. When an organization's strategy shifts, successful implementation requires thatnew employee behaviors be rewarded and some old behaviors be either ignored or sanctioned. Inaddition, it may require the development of a whole new organization culture. The implications foremployees who have adapted to and been successful in the previous culture are ominous. Resistance toproposed strategic initiatives is common under these circumstances. Most organizations fail to plan human resource changes when new strategic initiatives aredeveloped. They often fail to understand the existence of such linkages, much less to identify andimplement the appropriate human resources strategies. In the present case, Dean Blake has explicitlyrecognized and proposed human resource changes which are needed to implement his strategy for theCollege. Clearly,…
- STRATEGIC HUMAN RESOURCE MANAGEMENTOVERVIEW This case provides an excellent example of the linkage between organization strategy and humanresources processes. When an organization's strategy shifts, successful implementation requires thatnew employee behaviors be rewarded and some old behaviors be either ignored or sanctioned. Inaddition, it may require the development of a whole new organization culture. The implications foremployees who have adapted to and been successful in the previous culture are ominous. Resistance toproposed strategic initiatives is common under these circumstances. Most organizations fail to plan human resource changes when new strategic initiatives aredeveloped. They often fail to understand the existence of such linkages, much less to identify andimplement the appropriate human resources strategies. In the present case, Dean Blake has explicitlyrecognized and proposed human resource changes which are needed to implement his strategy for theCollege. Clearly,…STRATEGIC HUMAN RESOURCE MANAGEMENTOVERVIEW This case provides an excellent example of the linkage between organization strategy and humanresources processes. When an organization's strategy shifts, successful implementation requires thatnew employee behaviors be rewarded and some old behaviors be either ignored or sanctioned. Inaddition, it may require the development of a whole new organization culture. The implications foremployees who have adapted to and been successful in the previous culture are ominous. Resistance toproposed strategic initiatives is common under these circumstances. Most organizations fail to plan human resource changes when new strategic initiatives aredeveloped. They often fail to understand the existence of such linkages, much less to identify andimplement the appropriate human resources strategies. In the present case, Dean Blake has explicitlyrecognized and proposed human resource changes which are needed to implement his strategy for theCollege. Clearly,…STRATEGIC HUMAN RESOURCE MANAGEMENTOVERVIEW This case provides an excellent example of the linkage between organization strategy and humanresources processes. When an organization's strategy shifts, successful implementation requires thatnew employee behaviors be rewarded and some old behaviors be either ignored or sanctioned. Inaddition, it may require the development of a whole new organization culture. The implications foremployees who have adapted to and been successful in the previous culture are ominous. Resistance toproposed strategic initiatives is common under these circumstances. Most organizations fail to plan human resource changes when new strategic initiatives aredeveloped. They often fail to understand the existence of such linkages, much less to identify andimplement the appropriate human resources strategies. In the present case, Dean Blake has explicitlyrecognized and proposed human resource changes which are needed to implement his strategy for theCollege. Clearly,…
- 1) If you were making a speech to company personnel, what would you tell them about the kind of corporate culture you would like to have at this company? What specific cultural traits would you like the company to have? ExplainGive a simple Succession plan for the position of a CEO in that organization. Include the rationale, the implementation plan, function of the CEO, and the Communication plan.The Scenario Joseph and Krystal are part of your social group. They joined Missile's Financial Services together as middle managers. Each one, reports to a different senior manager. These managers report to the Managing Director. Once a month after payday, Joseph, Krystal and other members of the social group all try to have lunch together. Joseph is very distressed. 'I've had an awful week and this morning was the worst! He recounts what happen between himself and Nicholas, his manager. 'Nicholas and I were to meet with a new supplier to finalize a contract. I have been dealing with the supplier all this time, over two and a half months and we just needed to finalize the costing. We had reached an agreement about the cost that both of us were comfortable with. For the past two weeks, I have been trying to get Nicholas to look at the contract and agree the figures etc. We really need this guy's company. They are fast and have a great reputation for products and services. The price is…