Factors - decision on proposed strategy change, Business Management

Assignment Help:

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.


Related Discussions:- Factors - decision on proposed strategy change

Explain a maslows theory of motivation, "No organisation can succeed witho...

"No organisation can succeed without a certain level of commitment and effort from its members. For that reason .... cholars have always formed theories about Motivation." (a)

What is an art of classifying, What is an art of classifying? Art of ...

What is an art of classifying? Art of classifying: Classifying is a procedure of grouping transactions or entries of one nature within one place. This is completed by ope

Predictive maintenance, This is a modern concept having excellent future...

This is a modern concept having excellent future prospects. Maintenance is more relevant with palnt and machinery of mechanical design having more number of moving parts.

The stages involved in composing a written business message, QUESTION 1 ...

QUESTION 1 You are required to give a presentation to a group of 20 staff within your department. Discuss the factors that you should consider in order to make an effective ora

When is the 1948s factories act applicable, When is the 1948s factories act...

When is the 1948s factories act applicable? 1948s factories act is applicable to any factory wherein ten or more than ten workers are working. The 1948s factories act has a pro

#title.public procurement, what are the main objectives of the procurementA...

what are the main objectives of the procurementAct 2006

Explain the principal-agent problem in the banking business, QUESTION (...

QUESTION (a) Accepting deposits and making loans are the only products offered by a commercial bank. Discuss this statement. (b) Explain how does a commercial bank normally

Problems that reload might come across includ, b) Problems that Reload migh...

b) Problems that Reload might come across include  Rivals such as Delifrance and Subway are better known multinational companies with well-established customer networks. This p

What is performance management and what are its aims, QUESTION 1 What a...

QUESTION 1 What are the main steps involved in the process of recruitment and selection? QUESTION 2 (a) What is performance management and what are its aims? (b) Dis

Write Your Message!

Captcha
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