unit 10 Flashcards
flexible organisation
one that is able to adapt and respond relatively quickly to changes in external environment I order to gain and sustain its competitive position
benefits of flexible organisation
likely tom be efficient and responsive
-more likely ti respond to and meet changing customer needs and wants
-improved decision making
-more attractive place to work for the best people.
restructuring
flexible working
involves arrangements where there are a variety of options offered to employees in terms of working time, working location and pattern of working
positives of flexible working
saving on costs
-aids recruitment and staff retention
-take advantage of developments in technology
-meet employee legislation.
negatives of flexible working
loss of customer is key employees reduce their hours
- inability to substitute for certain skills of certain employees absent
-lower employee productivity.
zero hours contracts
allows employees to hire stand with no guarantee if work.
organic v mechanistic structures
organic- more flexible
mechanistic- traditional;
who is Kurt Lewin
what is Lewin’s force field analysis
there are forces driving change and forces restraining it.
for change to occur the driving force must exceed the restraint force.
internal forces that drive change
need for higher profits
-poor productivity
-lack of innovation
-need to change culture
-change of leadership
external forces that drive change
customer demand
-competition
-legaslation and taxes
-political environment
-economic conditions
-ethics and social value
-technological change
resistance to change
self-interest
-low tolerance for change and
-different assessment of the situation
-misinformation and misunderstanding
what is self interest in resistance to change
-is a powerful motivators, perceived threat of job security, status and financial position
Mnemonic for resistance to change
self interest
assessment issues
low
tolerance
misunderstanding
misinformation.
what are the big ways of overcoming resistance to change
education and communication
-participation and involvement
-facilitation and support
-manipulation and co-operation
-negation and bargaining
explicit and implicit coercion.
what is a strategy
is a crucial aspect of running a successful business. A defined plan of action that outlines the direction a business wants to take and defines how the plan will cascade through the organisation by allocation of resources.
what is an MVP
minimal viable product- least expensive product
Tesla case study
did not have an MVP, understand they need to succeed in lower economic bands.
first car $200,000- did not make profit
slowly dropping prices- $60,000
2022 most valuable brand value 75.94 billion
took control of supply chain, biggest barrier to entry- battery technology
invested in battery manufacturers
case study McDonald’s
increasing pressure from governments and other companies.
-2005 them introduced their healthy salad range.
Made up 2% of all McDonalds revenue.
had to innovate. the flavours of salads went to 3%.
-became unhealthy
-maybe they should have stuck with the healthy salads.- side salad
difficulties of strategic decisions
can be problems, data might be insufficient, inaccurate or invalid. Underlying patterns may not be obvious or may be missed
what is an emergent strategy
a strategy or pattern that develops over time in an organisation in the absence of a specific mission and goal
emerge over time as intentions collide with a and accommodate a changing reality
strategic drift
when a strategy of a business is no longer relevant to the external environment facing it
four stages of strategic drift
- incremental change,
- strategic drift,
- flux,
- transformational change or death
