MBA 765 Module 3 Assignment 3-3

When choosing the best option for organizational closure, what categories of selection criteria seem particularly important to employ?

Categories that appear to be particularly would be the information contained in the balance sheet, profit and lose statements, and information about the executive team. The margins report would be a good source for product information, marketing and sales, and accounting information as it relates to the cost of manufactured goods. All this along with company performance information should provide an accurate assessment of the company’ s current situation and provides the critical data when making a decision.

Where would you look for possible organizational closure strategies?

I would look at using decision tools to evaluate the available data to look for possible closure strategies during what is usually the most uncertain of conditions. The findings from this data integrated with holistic thinking and the smart question approach would help me to find solutions to the most difficult problems.
What are the dangers involved with identifying and selecting among closure options?
One of the dangers involved with identifying options would be the pressure of time. Usually during this stage of uncertainty pressure from time constraints can add to the difficulty of finding the most beneficial solutions. Ideally, sufficient time would give the decision maker an opportunity to look for solutions that meet more conditions of the closure stage. Failure to consider legal and moral consideration may also debilitate recommendations for a successful closure.

What emotions are likely to surface during the process of identifying and choosing among options? How would you deal with them?

There may be many emotions that need to be addressed during closure. Feelings of uncertainty and mistrust may surface during closure. Making the right choices that address as many stakeholders’ demands and uncertainty would reduce the emotional effect on the company’s people. It is clear throughout all stages of the lifecycle that communications is key. However, the timing and how the information is delivered would be critical. In my own mind, I would continue to encourage and motivate the employees by keeping them informed with as much information without jeopardizing the company’s normal business practices and functions. As a manager, I would have to do whatever is best for the company while trying to consider the employees, even if it means withholding information until the very end to meet company goals.