Southern Discomfort
Statement of the Problem * ROI has been low * Employees resistant to change
Objectives * Increase ROI through reduction of cost * Get better revenue by improving product and price * Gain trust of Union workers
External Assessment Internal Environment Assessment | Opportunities 1. Improve product 2. Create a new line | Threats 1. Get a more competitive price vs other manufacturers | Strengths 1. Company has been operating snce 1921 2. Employees have enough experience and the right skills | SO Strategies (Growth Strategies) | ST Strategies (Diversifying Strategies) | | 1. Create a team that will promote new ideas and encourage innovation / creativity inside the organization | 1. Find ways on how they can further cut down unnecessary costs | Weaknesses 1. Union workers refuse change 2. Toxic environment | WO Strategies (Niching Strategies) | WT Strategies (Slowing Down Strategies) | | 1. Involve workers in creating management decisions / get their buy ins 2. Form a team that will formulate ideas on how they can make the work environment safe. | 1. Retrenchment |
Alternatives and Choices 1. Create a team that will promote new ideas and encourage innovation / creativity inside the organization.
Advantage:
The company is in need of massive organizational change especially that the competitor is slowly catching up in terms of product price and quality. A team must be assigned to look for greater efficiencies in order to keep the organization profitable. They can also resort to disruptive innovation that will help them gain revenue and a larger ROI without the need to cut down the cost. Disadvantage:
The company will need to carefully select the team who will handle this task It may also take time before they can come up with some ideas, which can also be a bit risky especially if it would not work out as planned.
2. Find ways
Objectives * Increase ROI through reduction of cost * Get better revenue by improving product and price * Gain trust of Union workers
External Assessment Internal Environment Assessment | Opportunities 1. Improve product 2. Create a new line | Threats 1. Get a more competitive price vs other manufacturers | Strengths 1. Company has been operating snce 1921 2. Employees have enough experience and the right skills | SO Strategies (Growth Strategies) | ST Strategies (Diversifying Strategies) | | 1. Create a team that will promote new ideas and encourage innovation / creativity inside the organization | 1. Find ways on how they can further cut down unnecessary costs | Weaknesses 1. Union workers refuse change 2. Toxic environment | WO Strategies (Niching Strategies) | WT Strategies (Slowing Down Strategies) | | 1. Involve workers in creating management decisions / get their buy ins 2. Form a team that will formulate ideas on how they can make the work environment safe. | 1. Retrenchment |
Alternatives and Choices 1. Create a team that will promote new ideas and encourage innovation / creativity inside the organization.
Advantage:
The company is in need of massive organizational change especially that the competitor is slowly catching up in terms of product price and quality. A team must be assigned to look for greater efficiencies in order to keep the organization profitable. They can also resort to disruptive innovation that will help them gain revenue and a larger ROI without the need to cut down the cost. Disadvantage:
The company will need to carefully select the team who will handle this task It may also take time before they can come up with some ideas, which can also be a bit risky especially if it would not work out as planned.
2. Find ways