UNIT 10 Managing strategic change Flashcards
what are the key causes for change
what are the types of change
what is Lewin’s model of resistance to change
what are the 6 ways of overcoming resistance to change
what is a flexible organisation
ways to be flexible within a organisation (structure)
what is delayering
pros and cons of delayering
what is organistic
what is mechanistic
what is a zero hour contract
pros and cons of a flexible contract (zero hour)
what is organisational culture
pros of a strong culture
cons of a weak culture
what is Charles Handy’s types of culture
why is culture important
how does it affect elements of a business (strategy)
what indicates that a change of culture is needed
what are the reasons for changing culture
what are the difficulties of changing culture
what are the key stages of strategic implementation
why is leadership valued for a successful implementation of a new strategy
why is communication valued for a successful implementation of a new strategy
why is the right structure valued for a successful implementation of a new strategy
what is network analysis and calculations
pros and cons of network analysis
internal reasons for failure
external reasons for failure
financial reasons for failure
non financial reasons for failure
what is a planned strategy
what is a emergent strategy
pros and cons of an emergent strategy
what is strategic drift
what is corporate governance
pros and cons of strategic planning
what is contingency planning
Contingency planning should focus on the most important risks: those that have the potential for significant disruption & damage
pros and cons of contingency planning
pros
Speeds up recovery
Saves money (loss of revenue, recovery costs, compensations, fines, etc.)
Shows ethical concerns (CSR)
cons
Costly & time consuming (use of consultants, managers’ time, drills, etc.)
Could be a waste of money & time (opportunity cost)
May never happen
contingency planning examples (marketing, finance, people, operations)
Marketing
Avoid over-reliance on customers or products
Develop multiple distribution channels
Test marketing for new products
Operations
Hold spare capacity
Quality assurance & control
Finance
Insurance against bad debts
Investment appraisal techniques
People
Key man insurance – protect against loss of key staff
Rigorous recruitment & selection procedures
