The main aim of this step is to create the catalyst for change to occur. 2. Form a powerful coalition It is important that the organization and its members realize that there is a need for change. This can require strong leadership and a visible support from key members of the organization. Managing the change isn 't enough – it has to be led.
The vital purpose of a stakeholder-based approach to management is to set a new direction for the enterprise. The stakeholder-based management approach suggests that relationships amongst the stakeholders can be created and influenced. The stakeholder-based approach is about putting specific names and faces for the stakeholders. There is value in the developing of a comprehension of the stakeholders who are closely related to the business. This level of understanding enables management to create an array of strategies and options that have the support of the many different stakeholders’ participants; and it is only with this support that management can somehow be able to achieve the existence and survival of the firm in the long run.
A modern business organisation must be flexible and grow in an organic way that responds quickly to change. Both human element and competitive strategy might help in a modern business organisation. Human elements include cultures, decision making, organisation structure, communication, motivation and team, while competitive strategy include PESTEL analysis, SWOT analysis, organisational structure, competitive strategy and Porter’s five forces. However, competitive strategy is more important than the human elements in a modern business organisation. Competitive strategy is concerned with doing things better than the rivals.
Leaders should have the ability to learn through the experience so they are able to take the right decision at the right time. A leader needs to develop the integrity so he can motivate the people to get the objective of the organization. 4.2 Report on the usefulness of methods used to plan the development of leadership skills? It is important for leaders to develop more skill to cope with future challenges, globalization and demands. As discussed earlier about current and future leadership requirements and leadership plan, it is very important that the method used for the improvement of leadership skill should be more effective and useful so that the objective can be achieved.
INTEGRATION: STRATEGIC PROCUREMENT AND COMPETITVE ADVANTAGE Integration of strategic procurement and competitive advantages in an organization leads to basic competencies such as having access to raw materials, suppliers with an effective system for measuring quality of products supplied; develop advantage over competitors in relationship with suppliers, working close together with suppliers on product development efforts and close working relationship with suppliers to improve each other’s processes. This will foster benefits for both company and the supplier organization, while providing the maximum transaction value in the long run. Sourcing or procurement is the main aspect of a business organization when considering inputs. Sourcing is the methodology of finding the right supplier, right product, in the right time, at the right price, in correct quantities and right qualities. Sourcing strategy can be illustrated in the following process.
These agents have necessary skills, such as communication, technical and most importantly people skills. Change is an ongoing process, and this fact should be incorporated into organizational design and culture. Change receptive-ness gives organizations a competitive advantage. (Paton et.al. 2008,
Human capital development have a strong relationship with strategic planning process. In an organization, human capital development on strategic planning process can consider as a main tool for influencing and shaping attitudes, skills and behaviour of the individuals in their duties and jobs. With a proper management on human capital development, they are able to create a new goods and services. Furthermore, it is a good concepts and specialized with strategic planning process and environment by giving a specific tasks due to the deliberations on the objectives. Hence, after the organization improve the management of human capital development on strategic planning process, the organizations are definitely have some breakthrough and progress.
According to Nwabud, Begg, and McRobbie (2014), leaders make decisions on all aspects of business data and often, decision-making depends on the availability of data regardless of the quality of the data. If the quality of the data is poor, then the decision making based on the data is more than likely to be incomplete. Madhikermi, Kubler, Robert, Buda, & Främling (2016), believed that the rapid growth of data within a business causes the leaders to depend on the transformed data (information), for the transformed data drives
Alignment Type and Maturity Introduction In today’s world enterprise and business always look for transform IT infrastructure services to gain flexibility and scalability. IT always looks for reducing total cost of ownership and bringing competitive solution for an enterprise success. Business are accepting the fact of IT as crucial department and plays an important role and it is necessary to have a strategy which will improve partnership between Business and IT and prepare an organization to sense and act on frequent changing market dynamics. A strategy should align a business and IT in such a way that it helps a company to grow and will transform a processes and IT infrastructure. A strategy can be plan through planned framework and
Employees should not only have the relevant expertise but also need to be skilled in working with external partners. The management have to make sure that the organization recognizes its own resources which can be applied to nurture collaborations and monitoring their progress to ensure success (Hunter, 2010). A change of culture is needed to successfully implement open innovation (Heap, 2010). The patent should no longer be regarded as a protection, but as a marketable asset which can be bought, traded and sold. Open innovation can help smaller organizations getting access to resources that would otherwise be out of reach.