Factors - decision on proposed strategy change, Business Management

Factors to Consider Before Taking a Decision on the Proposed Strategy Change

Although most of the striking and important questions have been considered or highlighted which has to be kept in mind before taking a decision on the proposed strategy change but there are few other factors (which though cannot be said as less important as long as they are factors to be kept in mind for decision making) which can have significant insights into ultimate decision making matrix and outcome. Some of them should be:

- Flexibility of new production process: since the new strategy decision is being considered in light o f changing market conditions, it must also be kept in mind that the suggested strategy may be perfect for present situation but few years ahead they might be inevitable strategy change again and reengineering the process flow will again consume cost and time and hence while deciding upon present process flow it makes sense to keep flexibility as an attribute of it. Not only future need but flexibility given a consideration may enable one to absorb cyclical/seasonal changes or grabbing cyclical/seasonal opportunity.

- Management & Staff Readiness: Though top management is the decision making authority but in present scenario it makes once to evaluate cost of training & educating present staff for need changes. Also one needs to evaluate readiness of staff to learning & change and potential to perform up to expectation. Also this change will require reviewing and modifying or introducing new principles & policies for company.

Posted Date: 3/2/2013 1:51:26 AM | Location : United States







Related Discussions:- Factors - decision on proposed strategy change, Assignment Help, Ask Question on Factors - decision on proposed strategy change, Get Answer, Expert's Help, Factors - decision on proposed strategy change Discussions

Write discussion on Factors - decision on proposed strategy change
Your posts are moderated
Related Questions
QUESTION a) You have been appointed as Operation Manager for a company based in a foreign country .In this context, Explain the difficulties that you might encounter while comm

XYZ Limited is a store that buys computer components at low prices, assembles the components into computers, and then sells the computers at high prices. Each computer is assigned

What are the methods used to middle level managers? Middle Level Managers: The middle level managers require training and education onto HRM, Decision Making as well as S

Question 1: (a) Why must management delegate some authority and responsibility in large complex organisations? (b) Why, in practice, many managers are reluctant to delegate

Question 1: Define Communication and account for the dominant role which it plays in the function of Organisations. Question 2: Describe Planning and give an account of

what are the principle requirements for adequate controls

What do you mean by total in total quality management? Total in Total Quality Management: It is stands for an overall integrated approach to all features of quality, all

What are the factors affected to motivation? Factors affecting motivation are as follows: a. Achievement: Personal satisfaction within job completion and solving problem

QUESTION The banking sector in Mauritius has changed drastically during these past 10 years. New banks have come into the market and the business environment has become very co

Question : Contemporary corporate governance requires ethical leadership. (a) Show the qualities and attributes of an ethical leader. (b) It is now advocated that corpora