Introduction
Colgate Palmolive is fast growing company in Pakistan having more than 100 products. They have more than 100 products for daily use and they have 2 factories in Pakistan. Recently, Colgate installed SAP ERP (Package 2) and they applied mixture of following change models to bring the change in finance and logistics business processes.
AC 1.1: DISCUSS MODELS OF STRATEGIC CHANGE
A restructuring of an organization’s business or a marketing plan that is typically performed in order to achieve an important objective. For example, a strategic change might include shifts in corporation’s policies, target market, mission or organizational structure. Web finance (2016) ‘What is strategic change? Definition and meaning,
Source: https://www.businessdictionary.com/definition/strategic-change.html
Strategic change has been defined by many persons. There are many theories about how to do change. Here we will discuss some famous theories of strategic change.
JOHN KOTTER MODEL:
SOURCE: https://www.toolshero.com/wp-content/uploads/ToolsHero_8-Step-change-model-Kotter.png
John Kotter introduced his eight-step change process in his book “Leading change” in 1995. Here we will look at this eight steps process.
• CREATE URGENCY: For change to happen, it helps if the whole company really wants it. Develop a sense of urgency around the need for change. This may help to spark the initial motivation to get things moving.
• FORM A POWERFUL COALITION: Convince people
Strategy means the approach, plan and knowledge that is used to move in the direction that will allow the company to satisfy the customer’s wants and needs, and obtain their goal, while reaching and maintaining an economical benefit over the competition (Defining Your Business Strategy, 2016). It can further be defined as a means of evaluating at what success level they are currently sustaining, and what success level they desire to obtain and the means they will need to use to get to their desired level (Bryson p. 11). A practical understanding of the value that strategy brings to an organization, is the course that the company is to take and the positioning that the company has for the future, and very possibly survival in a very competitive
Dylan Shang Block B June 19, 2023 Final Essay Question 11 “It only takes one person to mobilize a community and inspire change. Even if you don't feel like you have it in you, it's in you. You have to believe in yourself. People will see your vision and passion and follow you.”
Organization is the major key to making anything happen successfully. First off you have to designate a strong leader. You need someone who knows what is going on so that they can successfully lead the movement and make wise choices when it comes to whatever kind of plan you’re going to make. You also need a leader who is fair, willing to listen to everyone’s suggestions, and not willing to give up on the rest of the group. Besides a good leader, one must also make a clear and organized plan.
In order to truly create change it requires involvement off the keyboard and to get others involved in these
Imperative mode of change described in the model indicate the transformation achieved from the leadership authority position, where the change is complaint with the coercive power strategy adapted by the company. According to the McWhinney model, the Emergent solution is a mode of change that can be achieved by the creation and acceptance of a newer idea generated from the change leader individual, or that might have originated from the group involved in the change process. This mode of change bring in necessary changes by enabling social interaction through the alteration of the values held by the critical stakeholders, and the solutions arrived at are positive in nature. Inventive mode of change is one where the change is accepted in the company for the usefulness of a new alternative solution, and the transformation is achieved through the realisation new solution.
Phase 4 is the planning stage. During this phase, the change is fully identified, and the final draft of the plan is developed. Each member of the change process has been assigned their responsibilities. During phase 5, the role of the change agent is identified. Communication, feedback on progress, teamwork and motivation is emphasized in phase 6.
The Information technology is the process of planning, developing, implementing or managing computer or electronic based applications. Particularly, computer hardware and software applications which are helpful in storing, converting, protect and securely retrieve information. Since, it becomes unprecedented rate of development in technology during the last two decades. New technology inventions created a lot more opportunities to the IT companies efficient in solving complex problems and using collected information for future referral. On the contrast, current change models plays crucial role in implementing change in an organization.
Lowes Companies, Inc. The Home Depot, Inc. Menard, Inc. Open more stores Open more stores Slowly controlled growth Target women Target DIY Target DIY, customer centric Centralized distribution Increase regional distribution centers Hub-and-spoke distribution system Better store appeal Improve supply chain and merchandizing tools.
Abstract The strategic change cycle is one of the processes within strategic planning. This cycle is a ten-step process created to assist organizations in meeting their mandates, satisfying their missions, and constructing public value. “Strategic planning is intended to enhance an organization’s ability to think, act, and learn strategically” (Bryson & Alston, 2011). Introduction Strategic planning is “a deliberate, disciplined effort to produce fundamental decisions and actions that shape and guide what an organization (or other Entity) is, what it does, and why it does it” (Bryson & Alston, 2011).
Background and Introduction: Johnson & Johnson is an American multinational organization that was founded in 1886. This company consists of pharmaceutical and consumer packaged goods. Johnson & Johnson has been headquartered in New Jersey. This organization has operations on over 57 countries and their products are sold on over 175 countries. Their calendar has a worldwide sale of $65 billion for 2011.
1.0. INTRODUCTION Every organization strives to benefit from creating value for its customers, in the most effective way, for the purpose of attaining competitive advantage in the business environment in which they operate. Philip Kotler(2015) defines marketing as “the science and art of exploring, creating, and delivering value to satisfy the needs of a target market at a profit”. According to Hollensen (2003), a strategy is a fundamental pattern of present and planned objectives…”
Firstly, the Boston Consulting Group (BCG) matrix that concentrate the market position of different products. Secondly, the experience curve and the Profit Impact of Market Strategies model which identified a number of strategic variables. Furthermore, competitive advantages model (Porter, 1985) which focus on five different forces in environment of organization, but suit with only stable market. Generic strategy was developed strategies under this school, especially it can identify position in the market. Advantages: -Provide content in a systematic way to the existing way of looking at strategy -Particularly useful in early stage of strategy development, when date is analyzed -This school emphasis on analysis and calculation can be a very strong support to the strategy development process -This strategy suit with big businesses or organization which have ability for operate effective market research in the environment
That requires a thorough analysis of the expected benefits in relation to the degree of business change. A change that affects the entire organization would have the potential to increase business revenue substantially. As change grows in cost and complexity, the higher will be the scope of change and, subsequently, different strategies should be introduced. Once the degree of change is determined, a suitable delivery program for the organization should guide all change effort.
Establish community goals and deliverables: other than exchanging ideas and information, formal goals and deliverables energize
For the assessment of business strategic feasibility company before new product development should en sure whether they have enough technological and human resources to manage business functions effectively or not. However, Marks and Spence assessed all of these aspects at the planning phase of new product line which ensured that organisation have feasibility to manage specific strategic changes effectively with respect to timing. In consideration to qualitative and quantitative aspects of strategic proposal it is evaluated that with new product and market Development Company can