Tech Co Rc Strengths And Weaknesses

The challenges facing Mr. Bob Stetzel upon his arrival at VTB were many. However there are some which weigh heavier on the success of the organization than others. It is those challenges that will be highlighted in this report. One such problem is the constant influx of uneven demand for products and services – which suggests a lack of IT strategy connected to the business goals.

To successfully implement change, employees need to understand how this will benefit them and impact their daily work. One of the things is that something might look good on paper can have drawbacks that are not realized by the planners, but can be easily identified by the employees who must implement the change. Therefore as a manager you need to bring the idea to the employees and get their feedback and continue to empower the employees to make the change that will work for them. Since change doesn’t happen overnight a manager needs to continually in monitoring the process and to assist the

It adds value to the business i.e. it enhances the business operations which would inturn have a positive impact on the business

- Helps to identify opportunities in the market place. - Minimize the risk of doing business. - Uncovers and identifies potential problems. - Create benchmarks and helps track progress. - Evaluating the success of the business.

The primary two reasons for having an assessment of implementing change is to have proper data and analysis so that the change can grow from an idea to a proper implemented procedure. The different sources of data that are collected will be useless until they are properly analyzed with respect to projected changes. Therefore, it is important to focus on data collection, analyzing, and summarizing to form a proper decision on changes that are appropriate. A properly analyzed and planned implementation of change will be strong against any resistance, identify areas where there might be potential problems, and will help develop strategies to begin the process of identifying

TASK 6 : Briefly explain what methods/strategies you will use to manage the change to the business and its processes.

The Business Strategy and Policy course relies on conceptual and analytical skills to examine the challenges of firms. We apply and integrate analytical techniques from accounting, finance, management, marketing, economics, and related business disciplines. Two capabilities are of particular importance: (1) the ability to critically evaluate the profit potential of industries or environments and deal with the threats and opportunities presented by each; and (2) an

In this task I will be evaluating the appropriateness of business information used to make a strategic decision. In this part of the task I will be focusing on Tesco business. I will be talking about the importance in strategic decisions within Tesco and how they use the decisions for their business. Also I will be evaluating how the strategic decisions affect the financial performance of Tesco.

Business opportunities require knowing strengths and weaknesses as well as potential threats. I need to know what type of business I work for, what type of customers they are trying to reach, and how I can be a part of the value-added output. I know the basic terms and some of the principles or rules, but I don’t really know how they fit together. In this class, I hope to have both a deeper, as well as practical understanding of how I can help marketing be effective, wherever I work. I also know that employers need to see that I can add value to the organization. I understand the outline and ideas behind SWOT analysis; but knowing how to practically think about the analysis and use it on a daily basis has to happen to be of practical value to the company. As an accountant, I will have important data to communicate to the organization; this information needs to be accurate and by knowing the marketing strategy; I will be able to communicate relevant facts that create a better understanding of both the efficiency and the effectiveness of the

Once implementation is under-way the results of the new change to systems and structure must be under constant observation. Change never looks exactly like the expectations of the strategic plan and affected individuals will not always respond as expected, either. Leaders must examine and evaluate target objectives revealing if change is reaching desirable results for the organization.

What change is right for our situation?: The change program should be adapted to the company and its particular business situation.

Leading and managing change require a solid theoretical foundation. This assignment will research the theoretical elements of change and change management. Addressed will be the following: Organic Evolution of Change, Formulating Strategic Development Approaches, Leadership and Management Skills and Gathering and Analyze Data. As societies continue to evolve and changing demand creates the need for new products and services, businesses often are forced to make changes to stay competitive. The businesses that continue to survive and even thrive are usually the ones that most readily adapt to change. A variety of factors can cause a business to reevaluate its methods of operation. According to literature from the past two

In the market today, business is showing growing interest to partner with IT to make sure they get the value for investing huge in technology. But, still there is a gap between the two departments and the IT folks think that they do not have enough support from the business to ensure the value is realized for the organization. A good example of deep integration of IT and business is the recent firing of the Apple maps chief. The ill-fated Apple maps was the failure of both the IT folks who couldn’t develop an efficient app for maps and also the business who couldn’t gather all the requirements and couldn’t manage the project to achieve the desired output. As a result, the Apple exec Richard Williamson was blamed and fired for the disastrous project and humiliation for the organization.

The change plan prepared for the business provides significant information regarding the current situation in internal environment. The information provided is based on analysis of internal elements necessary in formulating an overall organizational culture. The desired performance and culture is also defined in terms of its tangible elements. A detailed plan includes the necessary steps for an organization to carry forward its change objectives including the handling of transition. The process adopted for change management should include a clear purpose for change as well as a strategy for implementing the desired change.

The agents analyze the gaps and run the change effectively with standard metrics. Effective change agents involve actively in the change implementation process in short run and for long-term follow up. On the flip side, this alternative demands considerable financial investments from BA.