Failure Analysis/Change Strategy Ldr/531
Failure Analysis/Change Strategy LDR/531-Team A March 31, 2014
Successful and Failed Business Attempts
In today’s world of business there are many competitive challenges that are faced while attempting to stay relevant and successful in the business industry. Throughout this paper two companies will be discussed. The first for failing to stay relevant is Circuit City, whose attempt at remaining successful as a retail business was short lived. The second company to be discussed is Johnson & Johnson, who remained successful throughout the many years they have been in business. There are many reasons why a business may fail and many reasons why a business can become and remain …show more content…
This theory “the conditions under which cognitive resources such as intelligence and experience are related to group performance” (Gary Yukl, 2013). The constant rotating doors of top management contributed to the inconsistencies in performance and the inability to compete with the evolving market of wholesale and discount stores. According to this theory, “interpersonal stress for the leader moderates the relation between leader intelligence and subordinate performance. When there is high interpersonal stress, strong emotions are likely to disrupt cognitive information processing and make intelligence difficult to apply” (Gary Yukl, 2013). Reducing the sales force and abandoning the large appliance business are examples of the lack of intelligence behind major decisions that have led to the demise of the …show more content…
Instead of focusing on internal structure it would be recommendable that the transformation and focus remain on external facets like consumer’s dependency and re-evaluating store performances to close down under performing locations. Personnel should be thoroughly informed of changes to the pay rate system to gain acceptance. “Organizations are made up of individuals and groups with different values, goals, and interests. This sets up the potential for conflict over the allocation of limited resources, such as departmental budgets, space, project responsibilities, and salary adjustment”(Stephen P. Robbins, 2013).
John Kotter’s 8 Step Plan in Action
The 8-step process created by John Kotter will help our organization make needed changes and focus on the vision and mission. By following the 8-step plan, our organization can formulate a plan, follow specific guidelines in doing so, develop changes that will benefit the organization and continue to strive for success that will be for the long term. The 8-step process works as follows:
1-Establish a sense of urgency
2-Creating the guiding
Failure Analysis/Change Strategy LDR/531-Team A March 31, 2014
Successful and Failed Business Attempts
In today’s world of business there are many competitive challenges that are faced while attempting to stay relevant and successful in the business industry. Throughout this paper two companies will be discussed. The first for failing to stay relevant is Circuit City, whose attempt at remaining successful as a retail business was short lived. The second company to be discussed is Johnson & Johnson, who remained successful throughout the many years they have been in business. There are many reasons why a business may fail and many reasons why a business can become and remain …show more content…
This theory “the conditions under which cognitive resources such as intelligence and experience are related to group performance” (Gary Yukl, 2013). The constant rotating doors of top management contributed to the inconsistencies in performance and the inability to compete with the evolving market of wholesale and discount stores. According to this theory, “interpersonal stress for the leader moderates the relation between leader intelligence and subordinate performance. When there is high interpersonal stress, strong emotions are likely to disrupt cognitive information processing and make intelligence difficult to apply” (Gary Yukl, 2013). Reducing the sales force and abandoning the large appliance business are examples of the lack of intelligence behind major decisions that have led to the demise of the …show more content…
Instead of focusing on internal structure it would be recommendable that the transformation and focus remain on external facets like consumer’s dependency and re-evaluating store performances to close down under performing locations. Personnel should be thoroughly informed of changes to the pay rate system to gain acceptance. “Organizations are made up of individuals and groups with different values, goals, and interests. This sets up the potential for conflict over the allocation of limited resources, such as departmental budgets, space, project responsibilities, and salary adjustment”(Stephen P. Robbins, 2013).
John Kotter’s 8 Step Plan in Action
The 8-step process created by John Kotter will help our organization make needed changes and focus on the vision and mission. By following the 8-step plan, our organization can formulate a plan, follow specific guidelines in doing so, develop changes that will benefit the organization and continue to strive for success that will be for the long term. The 8-step process works as follows:
1-Establish a sense of urgency
2-Creating the guiding