Reference no: EM132572024
You have worked at your current employer for 5 years. Recently your company merged with a much larger Boston accounting firm to improve efficiencies, increase revenues, cut costs and adopt best practices in the industry. After the merger, you find yourself on a team with four other individuals that you have never met. Each individual is from a different department: auditing, tax, corporate governance, legal and insurance. The purpose of your team is to reduce the number of employees in your department.
Create a restructuring and downsizing plan
Answer the following questions in your plan:
-Why is the change needed?
-What will change?
-Who will be affected?
-How will they be affected?
-How will potential conflict be managed?
-How will trust be strengthened or repaired?
-How will power be shared in the organization after the restructuring/downsizing?
-What tactics will be used to achieve a successful restructuring/downsizing transition? What tactics will be avoided?
-What are the benefits of the planned changes?
-What is the timeframe of implementation?
-How will changes be communicated to the employees?
Cite a minimum of 1 outside reference.