Strategic Controls and Contingency Plans Strategic Controls and Contingency Plans Strategic control is involved with tracking the strategy during implementation, detecting any problems or possible problem areas, and making any necessary adjustments. The implementation of a strategy is long-termed and consists of a series of steps and activities (Adams, 2013). A control point within a scheduled project are key review points and allow the project manager to make important decisions regarding the project. Contingency plans augment strategic controls and afford a business an alternative plan to keep operating if an unexpected event should occur that would interfere with business activities. Contingency plans typically are developed during the analysis of the strengths and weaknesses of a proposed business strategy (Adams, 2013).
Also, any changes to the business plan will need supply management’s assistance to implement the changes successfully. Under-valuing of supply management by the upper management of an organization is a fast way to lose profit potential and improved business operations. Supply managers have a responsibility to be flexible and creative to adapt to the challenges facing organizations in the 21st century. Materials Management leaders must be up to date on supply management trends and enthusiastic toward the success of the supply management team; fostering a self-leadership model. Supply Management professionals are called on more and more to be part of cross-functional teams, but not as much as they should to make a project successful.
Explain why change happens in a business environment. You should include at least three reasons in your answer. There are a number of reasons that change happens in a business environment. Some changes can be related to external pressures (reactive), while others are linked to internal demands (proactive). A reason for change could be in relation to a change in the law which is enforced by the government.
SWOTT Analysis The SWOTT analysis should be used to measure Riordan Manufacturing’s strategies effectiveness. SWOTT stands for strengths, weakness, oppratunities, and threats. The reason Riordan Manufacturing would want to do a SWOT analysis on the strategies of the organization is to help develop a strong business strategy by making sure Riordan considers all organizational strengths and weaknesses, as well as the opportunities and threats Riordan Manufacturing faces within the marketplace. Strengths and weaknesses are internal analysis of Riordan Manufacturing like
1. Question: A question in response to this issue is what type of approach do you think they can take to change their perceptions? In response to this do you think a third party mediator or business coach would be beneficial to identifying needed behaviour changes for their firm? Their change in perception can begin by accepting the need to hire new expertise, spend time training them to accomplish the company’s goals, and add them as shareholders to the business for continuous growth and to keep marketing Pay Zone as a company with various skill levels. I don’t think there is a need for 3rd party mediators or coaches.
The article suggests that the key point to be considered is whether migration would add to the inflationary pressure in the economy. The author comes to the conclusion that immigration has helped to reduce pressure of inflation in the economy. This article was another wonderful source of information to base the essay on. It provided a different perspective of immigration into the UK economy and its impact on different spheres apart from the ones
The Force Field Analysis Model classifies and analyses factors in order to display all forces reacting to the desired change and to enable the ability to make decisions that will make change acceptable and effective. For change to occur within the organisation, the driving force must exceed the restraining force. Three stages to the model: Unfreezing- explaining to employees the need for change and giving motive for changing the attitudes, values, behaviours, systems and structures they are accustomed to. Unfreezing may be perceived as unimportant if it is not based on the survival of the company. Changing- involves identifying and implementing the change in the organisation encouraging and motivating employees to adapt to the new structure and culture.
This adds to the problem of it being ‘outdated’ by the time it is analysed as by the time the information has been analysed it may have changed. SWOT is a tool that identifies potential strengths, weaknesses, opportunities and threats for a business. This analysis determines what may assist the firm in accomplishing its objectives, and what
Identify and discuss the key issues that are responsible for the resistance to organizational change at GSB INC as stated in the case Change is an event that occurs when something passes from one state or phase to another which denotes the transition that occurs between one state to another Organizational change occurs when a company makes a transition from its current state to some desired future state. Managing organizational change is the process of planning and implementing change in organizations in such a way as to minimize employee resistance and cost to the organization, while also maximizing the effectiveness of the change effort. Today’s business environment requires companies to undergo changes almost constantly if they are to remain competitive. Factors such as globalization of markets and rapidly evolving technology force businesses to respond in order to survive. In organizations, inside pressures come from top managers and lower-level employees who push for change.
These trilling and testing new forms are documents that compact with an exacting feature of business process or shape part of a sequence of planned documents that direct in general decision making and operations. An adjustment can be made if the documents and forms do not effect in the required result. This can happen because of the following issues in the documents and forms: – * Not written clearly * Not constantly arranged * Not simple to pursue and easy to get to it * Not competent to put into practice * Not up to date * Not reliable with further guidelines, business strategies, forms, procedures and policies 2. Discuss how you would communicate new or revised policies and procedures to relevant staff members, and how you would decide if training would be required (EL 1.61 To converse new or amended procedures and policies to pertinent staff people, a signed acceptance may be needed, as a result in several cases, written statement of the imminent new courses is essential. Workers will almost certainly desire to discern how these changes will concern them individually; the HR Manager of the company must comprehend the procedure and policies well adequately to answer to their questions.