Long Term Trends
A long term trends that will significantly impact Chrysler over the next three years will be fuel efficiency. It is certain that Chrysler, as well as their competitors must find a way to create more fuel efficient cars to meet the market demands. Another trend to impact the automobile industry would be governmental policies for fuel emissions and safety standards
Force Field Analysis
I could use the force field analysis to determine the pros and cons of a renewal strategy by identifying the needs of the consumer and the industry trends to implement a strategy for renewal. The knowledge of the driving and restraining forces will support a new plan to implement new programs or to abandon old ones.
Urgent/Important Organization Renwal
One item that would show up as being urgent would be cost-efficiency. Locking into the cost-barriers helps the leader to identify restraining forces that may impact their decisions for renewal. An important item would be optimizing faculty and support staff by evaluating job duties or restructuring of class assignments to determine a more efficient workforce.
Saturday, May 26, 2007
Saturday, May 19, 2007
MBA 755 – Reflections on Module 1 Concepts
The renewal stage
The renewal stage of the organizational lifecycle is distinctive in that it requires change or management turnaround for the business to survive. This requires a situational analysis be performed on the business to determine if it is salvageable, then a turnaround plan must be in place to try to save the company.
Organizations in the renewal stage
Apple is a an organization that seems to be in the renewal stage. With the advent of digital music players and music downloads they are shifting their technology to meet these demands. Another organization that is in the renewal stage would be the automobile and airline industries. These companies have rapid changing environments making it difficult for them to stay in the mature staege. Their success is based upon the fuel economy, cost advantages to the customers, as well as, high levels of competition. According to the acticle for Strategic Intent in our readings states,." for smart competitors, the goal is not competitive imitation but competitive innovation, the art of containing competitive risks within manageable proportions." This suggestion speaks volumes for a competitive advantage.
Leaders in the Renewal Stage
Effective leadership during the renewal phase must make smart financial and strategic decisions. An effective leader must prosess strategic thinking skills, be articulate and be a strong change advocate. They must inspire and empower the business to take new actions for turnaround.
Recognizing the Need for Renewal
Business in decline are in need of change or renewal. This become evident when there becomes a lack of communication between managers and their employees. The culture of the business becomes that of secrecy, denial, and lack of respect. The employees begin to think there is little they can do to make a difference.
Conceptual Tools
I personally likes the situational analysis tool as a way to view a company's situation to help the leader to determine the root causes for decline. Porter's Five Forces and looking at competitive advantages is a great place to start for advocating change.
Ideas For Renewal
Recognizing that a company may be in the renewal stage gives me a better understanding of what to look for in a company that may need change. After completing this module, it is clear to me my workplace is definately in need of turnaround management. Clearly, there should be reorganization and a situational analysis performed at my current workplace. Once the root causes are determined then a successful plan should be executed to manage the turnaround.
The renewal stage of the organizational lifecycle is distinctive in that it requires change or management turnaround for the business to survive. This requires a situational analysis be performed on the business to determine if it is salvageable, then a turnaround plan must be in place to try to save the company.
Organizations in the renewal stage
Apple is a an organization that seems to be in the renewal stage. With the advent of digital music players and music downloads they are shifting their technology to meet these demands. Another organization that is in the renewal stage would be the automobile and airline industries. These companies have rapid changing environments making it difficult for them to stay in the mature staege. Their success is based upon the fuel economy, cost advantages to the customers, as well as, high levels of competition. According to the acticle for Strategic Intent in our readings states,." for smart competitors, the goal is not competitive imitation but competitive innovation, the art of containing competitive risks within manageable proportions." This suggestion speaks volumes for a competitive advantage.
Leaders in the Renewal Stage
Effective leadership during the renewal phase must make smart financial and strategic decisions. An effective leader must prosess strategic thinking skills, be articulate and be a strong change advocate. They must inspire and empower the business to take new actions for turnaround.
Recognizing the Need for Renewal
Business in decline are in need of change or renewal. This become evident when there becomes a lack of communication between managers and their employees. The culture of the business becomes that of secrecy, denial, and lack of respect. The employees begin to think there is little they can do to make a difference.
Conceptual Tools
I personally likes the situational analysis tool as a way to view a company's situation to help the leader to determine the root causes for decline. Porter's Five Forces and looking at competitive advantages is a great place to start for advocating change.
Ideas For Renewal
Recognizing that a company may be in the renewal stage gives me a better understanding of what to look for in a company that may need change. After completing this module, it is clear to me my workplace is definately in need of turnaround management. Clearly, there should be reorganization and a situational analysis performed at my current workplace. Once the root causes are determined then a successful plan should be executed to manage the turnaround.
Friday, May 4, 2007
MBA 745 – Reflections on Module 6 Concepts.
Key Leadership Characteristic of Sustaining Business
The key leadership characteristics required to sustain a business initiative clear communications. According to Andrew Ward in the Leadership Lifecycle, “The leader must spend a lot of time communicating the vision and company strategy to keep everyone moving in the same direction.” Communications is key internally to ensure employees remained focuses on the vision and strategies required to sustain its business. Likewise, the leader must effectively communicate externally with stakeholders, customers, advertisers to sustain success. Any shift in the market must be identified changes must be communicated by the leader for everyone to respond quickly and efficiently to these market changes. Therefore it is important that a clear communication process to keep all aspects of the business initiative moving in the same direction.
Impact of Leadership
The Leadership focus of study during my Capstone will impact my professional development plan by giving me the tools to apply the knowledge I have gained through the MBA program. The lessons learned throughout the program will give me the knowledge required to effectively communicate throughout any organization by giving me a clear understanding of my role and responsibilities as the leader in any business function. My leadership role will require reflective thought as I pass through the various stages of leadership to look at what effect I have had on the company and how I can improve. The leadership knowledge I have gained combined with more than 20 years of professional experience lays a solid foundation for all that will come to me in life.
The key leadership characteristics required to sustain a business initiative clear communications. According to Andrew Ward in the Leadership Lifecycle, “The leader must spend a lot of time communicating the vision and company strategy to keep everyone moving in the same direction.” Communications is key internally to ensure employees remained focuses on the vision and strategies required to sustain its business. Likewise, the leader must effectively communicate externally with stakeholders, customers, advertisers to sustain success. Any shift in the market must be identified changes must be communicated by the leader for everyone to respond quickly and efficiently to these market changes. Therefore it is important that a clear communication process to keep all aspects of the business initiative moving in the same direction.
Impact of Leadership
The Leadership focus of study during my Capstone will impact my professional development plan by giving me the tools to apply the knowledge I have gained through the MBA program. The lessons learned throughout the program will give me the knowledge required to effectively communicate throughout any organization by giving me a clear understanding of my role and responsibilities as the leader in any business function. My leadership role will require reflective thought as I pass through the various stages of leadership to look at what effect I have had on the company and how I can improve. The leadership knowledge I have gained combined with more than 20 years of professional experience lays a solid foundation for all that will come to me in life.
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