Assignment
Q.1. In reference to the Wilkinson Sword case study, the group was facing major operational problems. How did the new CFO go about firstly of trying to develop systems for the envisaged change and secondly develop a change management strategy, to involve all the stakeholders in the planning for change?
Answer-
In reference to the Wilkinson Sword case study, the new CFO brought the envisaged change by focusing on the following,
Appointed the senior manager as the project manager so that all the team reports to him and in turn he reports it to the CFO directly.
Focused on having a common and updated shared database of sales through LAN and DOS application which would have a wider use within the organization.
Each team within itself should have a presence globally to be a part of international group.
Recognition was awarded to the employees with positive feedback and skills. This would encourage the employees to mark a 100% attendance in a group meeting.
CFO,
by following the process, it would help in examining if the problem is persisting in profitability, liquidity, marketing and supply. Due to financial problems, the organization (Wilkinson Sword) decided not to have the budget for the current year but also added to have the local budget set to a ‘quantified streach’ beyond the past year budget.
New reporting formats were introduced. Local Management and Consultations were told to submit monthly reports and budget package subsequently.
Extra time was allowed to complete the current budget pack align with the new pack which was introduced for the last three months of the current financial year.
Local group proposed a hardware and software combination through a supplier which can integrate all departments in a common shared database.
CFO and Project Manager were doing a local visit to review the existing infastructure within the organization to understand the success of the new change implementation.
A crash program of PC replacement,
Answer-
In reference to the Wilkinson Sword case study, the new CFO brought the envisaged change by focusing on the following,
Appointed the senior manager as the project manager so that all the team reports to him and in turn he reports it to the CFO directly.
Focused on having a common and updated shared database of sales through LAN and DOS application which would have a wider use within the organization.
Each team within itself should have a presence globally to be a part of international group.
Recognition was awarded to the employees with positive feedback and skills. This would encourage the employees to mark a 100% attendance in a group meeting.
CFO,
by following the process, it would help in examining if the problem is persisting in profitability, liquidity, marketing and supply. Due to financial problems, the organization (Wilkinson Sword) decided not to have the budget for the current year but also added to have the local budget set to a ‘quantified streach’ beyond the past year budget.
New reporting formats were introduced. Local Management and Consultations were told to submit monthly reports and budget package subsequently.
Extra time was allowed to complete the current budget pack align with the new pack which was introduced for the last three months of the current financial year.
Local group proposed a hardware and software combination through a supplier which can integrate all departments in a common shared database.
CFO and Project Manager were doing a local visit to review the existing infastructure within the organization to understand the success of the new change implementation.
A crash program of PC replacement,