The Strategic Management Process for Change in the 21st Century Essay Example
Strategic Management and Business Policy
Abstract
The purpose of this paper is to explore the mindset of modern companies in the 21st century that resist changing their belief in downsizing rather than reutilizing their workforce. Currently, numerous CEOs and top-level executives are hesitant to accomplish more with limited resources.
In order for companies to thrive and expand, it is crucial for them to find innovative ways of achieving more with limited resources. This is especially important due to the increasing energy expenses. Previously successful enterprises are now forced to discover methods of attaining greater results with fewer resources or else risk closure.
The purpose of this essay is to assess how Strategic Planning and the strategic management process can assist in effectively implementing change towards this goal and provide appropriate recommendations. The objective is to demonstrate how these business practices ca
...n reduce duplication, improve efficiency, minimize waste, increase profits, and ensure long-term sustainability.
In today's technologically advanced world filled with new technology and global communications, the challenge lies in implementing innovative business practices and management techniques. Both the problem and the solution can be perplexing. The aim is to incorporate novel technologies that can enhance customer service and reduce costs. A comprehensive and balanced approach is necessary to achieve tangible results and ensure success.
Man-Tech Corporation, a comprehensive logistics company, aims to improve its competitiveness by exploring ways to enhance its market position through improved products and services compared to competitors.
To guarantee customer satisfaction, various aspects must be taken into account: functionality, availability, quality, and reliability. It is crucial to communicate these benefits to customers. Certain factors are influenced by the design of the service itself, suc
as its suitability for the intended purpose and its attractiveness. Conversely, others are connected to the production and delivery processes. Ideally, the products and services provided should be attractive and capable of meeting market demands.
Our objective is to efficiently manufacture and offer our product to customers at a competitive price while ensuring fast delivery. Through technological advancements, we have automated many previously manual processes. However, the challenge now lies in utilizing this technology to enhance customer service quality. Suggestions for improvement include enhancing voice recognition and call-routing technologies to create voice-activated portals. This will enable customers to perform various tasks, ranging from simple bill inquiries to complex line-fault diagnosis and reporting.
Moving forward, Man-Tech Corporation must strike a balance between increasing expertise required to support our products and services and the necessity of minimizing costs. LogZone Technology specializes in constantly evolving methods and materials such as energy generation techniques and non-toxic cleaning products. One recommendation is for us to adopt environmentally friendly practices due to the rewards and benefits associated with going green.
Increasing energy efficiency offers the advantage of higher profits. Numerous American companies are being urged to embrace environmentally friendly practices, which can result in substantial cost savings in the long run. LogiCore and Tec-Master, for example, have achieved significant annual savings by adopting green strategies. Furthermore, as the nation progresses towards implementing a cap and trade system, there will be economic rewards for decreasing pollution.
Companies may see an increase in the adoption of green technologies as they foster an environment that promotes the sharing of ideas. This can lead to one idea inspiring another and generating multiple options for the company. However, the challenge
lies in cultivating employee creativity and innovation. One recommended approach is to acknowledge and reward employees for their efforts in doing more with less and going beyond their regular responsibilities. In addition, sponsoring a competition among employees can promote friendly rivalry and stimulate growth. Moreover, it is crucial to solicit suggestions and input from employees, making them feel valued as team members rather than just workers.
Man-Tech Corporation places great importance on its lengthy history and reputation as a compassionate employer, constantly striving to attract and retain exceptional employees. To ensure a capable workforce, it is recommended that prioritizing training opportunities is crucial. This will enable all employees to contribute towards their own career development plans and objectives. In addition, Man-Tech Corporation aims to offer a comprehensive range of benefits for its employees, such as pension plan membership and healthcare coverage. Eligible employees can also participate in the share incentive program, which grants them free shares and the chance to purchase Partnership shares that are matched one-to-one with matching shares.
Man-Tech Corporation provides a variety of benefits to its employees through contracts with local companies. These benefits include discounts at local gyms, reduced membership rates at the company sports and social club, daycare vouchers, and other discounts. We believe that investing in the skills and talent of our workforce is crucial for their success as well as the overall success of our company. Embracing innovation and technology is essential for our operations and growth. By staying current with the latest advancements, we can offer exceptional customer service and successfully transition into a knowledge economy.
Investing in lifelong learning is crucial for equipping the workforce with the skills needed
to embrace technology. Our new venture will expand our customer reach and improve customer service. We have a multi-tiered approach that includes providing reliable access to information and network services, enhancing infrastructure for efficiency, and investing in technology for high-quality customer service. Additionally, we will boost visibility through creative advertising means.
Appeal to the emerging Eco-Friendly ; Green global market. Utilize e-commerce to broaden the company's reach beyond its own organization boundaries and facilitate interaction with customers, suppliers, and other business partners. Man-Tech Corporation addresses resistance by fostering a culture of diversity and inclusion, as well as garnering the respect and trust of its employees. To assist individuals in overcoming resistance, provide a safe space for them to express or release their genuine emotions. Rather than attempting to persuade or dismiss their feelings, acknowledge and validate these emotions by empathetically stating that you can comprehend why they might feel angry in this moment.
"Honor their anger and concerns as well as their fears. If you attempt to question or pass judgment on their emotions, they may become stubborn and unyielding. This situation can be viewed from two perspectives: a lack of effective leadership often causes problems within a company. A lack of morale can impede a company's growth and potential. However, by assisting ourselves and others in adapting to resistance, we can present a challenge. If everyone participates in the process and "lightens up," resistance will be more readily accepted as we embrace the inevitable. Moving forward, we need to implement crisis management, a plan aimed at preparing for the future. This plan will primarily focus on enhancing the workforce of Man-Tech Corporation through the utilization of
new technology and updated business practices."
Using this plan, we can achieve important business objectives and incorporate supply chain management into our strategy. By implementing supply chain management, we can ensure our workforce remains skilled in all necessary areas. This paper provides an overview of the key recommendations made by the board.
In order to enhance efficiency, Man-Tech Corporation needs to investigate fresh approaches for revamping the business. This entails upgrading technology to cater to client requirements and offering comprehensive training for staff. These endeavors will lead to heightened sales, enhanced service, and ultimately, amplified profits and expansion. Incorporating new technology will empower the company in providing an elevated standard of customer service. It is crucial to acknowledge that executing a new system and transforming the business carries inherent risks.
The data in the charts represents two years of collective information obtained from the following sources:
- http://www.netmba.com/strategy/process/
- http://horizon.unc.edu/courses/papers/enviroscan/default.html
- http://www.simply-strategic-planning.com/operational-and-strategic-planning.html
- http://www.hp.com/hpinfo/newsroom/feature_stories/2008/08earthday.html
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