During the last off-site strategic planning meeting

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A machine shop has not upgraded its equipment in over ten years and is finding that it cannot compete with other shops in its industry. During the last off-site strategic planning meeting, senior leadership decided to completely retool its operations with more advanced equipment. What steps (name at least three) can the strategic planners take to ensure that the introduction of new technology takes place according to plan? In what ways are those steps different from the traditional approach to developing a strategic plan? In other words, what components should be included in the company’s change management plan, and how have leaders' approach to making strategic decisions changed in the last 25 years?

Increased competitiveness in today's volatile environment may force companies to restructure or reorganize. This may include introducing new technology, reorganizing the structure of the company, or both. Restructuring the company may force the company to downsize some areas of its operations, while aggressively expanding in other areas. Describe three (3) in which the company can minimize resistance to change? Be specific in your response.

Reference no: EM131029907

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