What contracts or business strategy

Assignment Help Business Management
Reference no: EM132670924

Case study:

An organization with 200 employees recently separated from a business partner and was just settling into their new organisational structure. The company was profitable and took on "the right amount" of contracts every year that they won by bids and direct award.

They are in the food processing industry with many opportunities over the next few years. As an owner run business with a five-person management team, they had a few questions about the future:

Should we grow?

Why or why not?

What contracts or business strategy, will bring the most benefit to the company in the future?

What areas should we focus on?

What do we need to change from an organisational perspective if we want to grow and take on more contracts and outlets?

At the end of the 2.5 day session, the team had decided that it was in their best interest to grow - not because it would mean more money, but because it would challenge and keep the management team engaged in their work.

They also were able to forecast their future projects both existing and prospective so they could allocate resources appropriately.

Through these discussions, they were able to identify some areas in the organisation that were acting as bottle necks, slowing the efficiency of the organisation. One of the key people was "silently" suffering because part of her job was under resourced. This lack of resources, although minor, was having an effect on the whole supply chain and the business.

At the end of the session the team was aligned on which direction they wanted to take the business in, and the amount of growth they wanted to see over the next three-years.

They set clear action steps and priority areas that they were to dedicate their focus on, and they had an idea of where the gaps were in their organisation that might cause challenges for the business moving forward. This company recognised the importance of planning to get their team aligned and to open up communication channels to make important decisions to prepare for growth.

ANSWER THE FOLLOWING

1.If you were part of this organisation and things are not going the way you want them to, advise the members of management, why planning will help you align your team towards a common goal or direction for the organization.

2. If you were the CEO and you are not sure if the company should continue on the same profitable path without growth, or if it should look for new sources of revenue and expansion. Explain the challenges you would face in deciding which way to go.

3. If you were someone on the leadership team and you see the need for organisational structure or change. Advise on what type of organisational structure the company should adopt and why?

Reference no: EM132670924

Questions Cloud

What amount of loss from the sale is recognized : She sold it on October 15, year 7, for $240,000. What amount of loss from the sale is recognized on her year 7 income tax return
How does team development contributes to team success : How does team development contributes to team success? Provide an example to implement this strategy in an health care organization.
Why do think the chain uses a perpetual inventory system : Why do you think the chain uses a perpetual inventory system (moving average) rather then a periodic inventory system (weighted average)?
About emerging technology under development : Write a short report about an emerging technology under development that is centered on the non-destructive inspection of aircraft.
What contracts or business strategy : An organization with 200 employees recently separated from a business partner and was just settling into their new organisational structure.
Discuss the industry in which starbucks operates : Industry Environment - identify and discuss the industry in which Starbucks operates - must include 5 Forces Analysis
Why the chain moved to the average cost flow assumption : Explain why the chain moved to the average cost flow assumption. How can this assumption help it to "better maintain its net income"?
Discuss strategic grouping : Discuss strategic grouping and why it is important to organizations.
Create value by establishing important relationships : Read about primary and support activities of a firm's value chain, discuss how managers can create value by establishing important relationships

Reviews

Write a Review

Business Management Questions & Answers

  Selection of project manager right for the project

Was the selection of project manager right for the project? Was he qualified to be a project manager - rationale your answer

  What type of new jobs can the biotechnology

What type of new jobs can the biotechnology market generate in India?

  What conversations did management have surrounding the issue

What conversations did management have surrounding this issue? How would you mitigate expectations for a situation like this in the future?

  Short run the longest period of time

For which of these firms is the short run the longest period of time? For which is the long run the shortest? Explain.

  Global trade alert website

Go to the Global Trade Alert's Website and read the "About Global Trade Alert" section, located athttp://www.globaltradealert.org/about. On the far left-hand side of the screen, select the following in the drop-down menus:

  Which case(s) in the book support your opinion?

Changing the facts of the case, assume the client hired Kay & Lee to audit the financial statements, explaining that the purpose of the audit is to negotiate a loan The name of the bank is unknown to the auditors Under which legal principle could ..

  Design strategies to improve products

With whom should you consult about design strategies to improve products/services and why would you consult with these individuals or groups?

  Operating in a market with one other larger firm

Question 1.  Woodard Inc. is a firm operating in a market with one other larger firm.  The market is a mining industry for a rare metal.  Woodard Inc. has the following short-run cost curve:

  What are the fixed costs-variable costs

What are the fixed costs, variable costs and sales price? How many units do you need to sell to have a cash flow of $0. Perform a sensitivity analysis to analyze how the BEP will change under different conditions.

  Abroad in spite of diminishing returns

Research a domestic company that has not performed well overseas. Using the concepts presented in the required readings, identify circumstances that may affect the decision to downsize and withdraw from the country. Why do some companies choose ..

  Explain if the environment is a stakeholder

Explain if the environment is a stakeholder or not and why or why not? Use either support from the textbook or alternate academic sources?

  Define the behavioral leadership

Define the behavioral leadership. What are the characteristics of behavioral leadership and give examples.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd