Business Policy and Strategy Essay Example
KEY TO IMPLEMENTATION AT ENTERPRISE:
1. STAFFING * hiring and promoting a certain kind of person * selection and use of employees * issues: * hiring new employees with new skills * terminating employees with inappropriate or substandard skills * training existing employees to learn new skills
2. LEADING * Specifying clear performance objectives and promoting a team-oriented corporate culture * Use of programs to better align employee interests and attitudes with a new strategy
SUCCESSFUL INTEGRATION MANAGER: * Deep knowledge of the acquiring company * A flexible management style * Ability to work in cross-functional project teams * Willingness to work independently * Sufficient emotional and cultural intelligence to work * well with people from all background A. STAFFING FOLLOWS STRATEGY 1. Hiring and Training Requirements Change * Training and development * reduction in scrap * overall cost savings 2. Matching the Manager to the Strategy
EXECUTIVE TYPE * Executives with a particular mix of skills and experiences and paired with a specific corporate strategy a) DYNAMIC INDUSTRY EXPERT * an aggressive new chief executive with a great deal of experience in a particular industry b) ANALYTICAL PORTFOLIO MANAGER * Someone with an analytical mind who is highly knowledgeable in other industries and can manage diverse product lines c) CAUTIOUS PROFIT PLANNER * a person with a conservative style, a production or engineering background and experience with controlling budgets, capital expenditures, inventories and standardization procedures d) TURNAROUND SPECIALIST * Challenge-oriented executive type e) PROFESSIONAL LIQUIDATOR * Called on by a bankruptcy court to close the firm and liquidate its assets
B. SELECTION AND MANAGEMENT DEVELOPMENT 1. Executive succession: insiders versus outsiders
Executive Succession
1. STAFFING * hiring and promoting a certain kind of person * selection and use of employees * issues: * hiring new employees with new skills * terminating employees with inappropriate or substandard skills * training existing employees to learn new skills
2. LEADING * Specifying clear performance objectives and promoting a team-oriented corporate culture * Use of programs to better align employee interests and attitudes with a new strategy
SUCCESSFUL INTEGRATION MANAGER: * Deep knowledge of the acquiring company * A flexible management style * Ability to work in cross-functional project teams * Willingness to work independently * Sufficient emotional and cultural intelligence to work * well with people from all background A. STAFFING FOLLOWS STRATEGY 1. Hiring and Training Requirements Change * Training and development * reduction in scrap * overall cost savings 2. Matching the Manager to the Strategy
EXECUTIVE TYPE * Executives with a particular mix of skills and experiences and paired with a specific corporate strategy a) DYNAMIC INDUSTRY EXPERT * an aggressive new chief executive with a great deal of experience in a particular industry b) ANALYTICAL PORTFOLIO MANAGER * Someone with an analytical mind who is highly knowledgeable in other industries and can manage diverse product lines c) CAUTIOUS PROFIT PLANNER * a person with a conservative style, a production or engineering background and experience with controlling budgets, capital expenditures, inventories and standardization procedures d) TURNAROUND SPECIALIST * Challenge-oriented executive type e) PROFESSIONAL LIQUIDATOR * Called on by a bankruptcy court to close the firm and liquidate its assets
B. SELECTION AND MANAGEMENT DEVELOPMENT 1. Executive succession: insiders versus outsiders
Executive Succession