Any supplier who is not able to meet the required parameters of quality, quantity and time is going to create problems for the entire supply chain. Hence creating a pool of suppliers that are reliable, cost effective, offer quality products in desired quantity and time is essential for the success of an organization's entire supply chain. Total Quality Methods Quality control tools like six sigma ensure that vendors provide the desired quality of products and services with minimum errors. Such tools are essential for ensuring the quality of the supplied goods and in turn smooth movement of products across the supply chain. Risk Management With global sourcing, businesses are faced with hordes of options when it comes to procuring supplies from countries with best cost advantages.
Change Process Steps Change management theories and how soundly they are implemented can be the critical driving factor of success (or failure) in the organizational change. “Useful change tends to be associated with a multi-step process that creates power and motivation sufficient to overwhelm all the sources of inertia” (Kotter, 2001, p. 20). In addition to an overreliance on managers that “manage” change vs. excellent leaders required to “define” the future and “inspire” real change, many organizational changes fail to recognize the importance of following a change process. In his book, Leading Change, Kotter concludes there are eight errors common to organizational change efforts: 1) Allowing too much
This is mainly because unpredictable events, such as the introduction of new regulations or technologies, will regularly act to force the original strategy off its course.2. The narrow-minded manner in which it focuses on established areas of business and capabilities can hinder serious transformational change where reinvention is required.3.That the prescriptive model fails to complement modern organizational cultures
Conflicts are a natural phenomenon of organizational life; there will always be some kind of conflict amongst a team, unit, department and organization. With conflict comes change and without change an organization cannot adapt and survive. Differences in communication, structural and personal habits are sources of conflict. Conflict can and should only be managed to achieve the optimal level of departmental conflict. A positive level of conflict in an organization supports disagreements, open questioning of others and challenging the status quo Eliminating stress caused by conflict is feasible and necessary in order to continue climbing that latter of success.
The author asserts changing the mindset is important because businesses often operate under the guise of fear; meaning the fear of losing a job, fear of not meeting a deadline, or fear of delivering substandard work. Therefore, by becoming a culture built on positivity, an open and creative environment is fostered (Millan, 2012). Another method for embodying emotional intelligence is to become an expert in building relationships (Millan, 2012). To improve relationships, individuals must recognize the cycle of relationship patterns and dynamics. This recognition will assist individuals in building workplace unification, decrease the struggles for authority, and to resolve conflict (Millan, 2012).
Future of Project Management Introduction: Prediction of future is never an easy task. Project Management delivers value by creating sustainable benefits from project output and provides value for money by managing the projects effectively. The future will be the development and increase of true " project managers", which means one will not only apply the science of project management, but also the art of strategy and leadership in a project management across wide range of industries and projects. Projects managers are the one who has to play a greater role in business and will be deliverers of value driven change. In this paper, we will take a quick look on how technological and global economy changes have impacted the profession and discipline of project management and look into what the future might hold.
Critical Analysis The video we watched last class showed two people giving a speech President John Hennessy and Steve Jobs. This event took place in Stanford’s University’s 114th commencement on a Sunday June 12, 2005. Stanford University selected Steve Jobs to make the commencement speech. Mr. Jobs speech goal is to not only motivate the graduate but to persuade them to keep moving forward. To be an example that anything can be done.
But the upside of these efforts is so vast it more than justifies the investment of time and money. It's critical to realize international franchise expansion takes more than just a master franchise agreement. Having connections within target country, including people, who know other, high-caliber people, is critical. An international franchise partner can build your brand. But an inappropriate partner can just as easily wreck the brand, usually in a very short time.
The two should be connected to each other but not closely because the market and the company strategy will constantly change due to the market fluctuations. But the company should have a high priority on its competitive advantage in case the economy goes down that company will have its loyal customer base. Page 3-4 4) Why does a company’s strategy tend to evolve over time? A company strategy will tend to evolve overtime due to fluctuations in the market that the company is currently involved in. Page 7 5) Why is a company’s strategy partly proactive and partly reactive?
Therefore, they may suffer during the recession and are prone to bankruptcy. A possible restructuring method will be through acquisition. The maturity and over capacity is the key factor to the success of restructuring. The method might be risky but its well manner integration and value collection is the mean of growth in the mature market In the mature market, corporate products have successfully become popular in the market and no one else will be willing to purchase it. This means that it has reached a state of equilibrium where there is an absence of significant growth, or a lack of innovation.