Change Strategy
- Submitted by: jdario73
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- Category: Other
- Date Submitted: 11/08/2010 03:52 PM
- Pages: 7
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Change Strategy
In today’s technologically advanced world, many companies cannot adapt to the changing forces of global competition, the increase of highly skilled diverse people in the workforce, changes in business practice, and innovation to gain more market share to increase profitability. Some companies close their doors while others lose talent; however, if managers and employees can work together to develop training plans, provide feedback to each other about organizational changes, participate in implementing new strategies and goals, organizational success can be achieved.
Evaluation
The Gene One scenario presents an organization that is well developed. Proper talent is allocated at corresponding departments and each executive is highly trained in their respected areas; however, problems exist between employees about the ideas and objectives the company wishes to pursue. The company’s desire to expand and become a publicly traded company brings challenges to the organization.
Challenges that relate to the Sarbanes-Oxley Act include the awareness of making sure that the company meets the demands and requirements of the SOA. Another challenge is to ensure that the individual in charge of assisting the company in going public is experienced.
The dilemma is that the organization lacks the talent, skills, and experience to handle the required procedures to implement a new business plan. Due to not having proper talent to pursue those goals, various executives have decided to leave the organization; moreover, various employees feel that the CEO should dismiss certain individuals and hire appropriate personnel to assist in the expansion and the pursuit of going public.
Another important issue at the Gene One organization is the desire and need to raise capital to pursue new product research and development. The thought process is going public so that the organization develops a better reputation as a public company to...
In today’s technologically advanced world, many companies cannot adapt to the changing forces of global competition, the increase of highly skilled diverse people in the workforce, changes in business practice, and innovation to gain more market share to increase profitability. Some companies close their doors while others lose talent; however, if managers and employees can work together to develop training plans, provide feedback to each other about organizational changes, participate in implementing new strategies and goals, organizational success can be achieved.
Evaluation
The Gene One scenario presents an organization that is well developed. Proper talent is allocated at corresponding departments and each executive is highly trained in their respected areas; however, problems exist between employees about the ideas and objectives the company wishes to pursue. The company’s desire to expand and become a publicly traded company brings challenges to the organization.
Challenges that relate to the Sarbanes-Oxley Act include the awareness of making sure that the company meets the demands and requirements of the SOA. Another challenge is to ensure that the individual in charge of assisting the company in going public is experienced.
The dilemma is that the organization lacks the talent, skills, and experience to handle the required procedures to implement a new business plan. Due to not having proper talent to pursue those goals, various executives have decided to leave the organization; moreover, various employees feel that the CEO should dismiss certain individuals and hire appropriate personnel to assist in the expansion and the pursuit of going public.
Another important issue at the Gene One organization is the desire and need to raise capital to pursue new product research and development. The thought process is going public so that the organization develops a better reputation as a public company to...