Because restructuring is not a daily occurrence, and may only occur every few years or perhaps just once a decade, many managers are not very well experienced in the process of restructuring. In some cases, the decision makers who lived through the last restructure may have moved on leaving the organization ill-prepared. Consequently, many managers embark on a restructuring campaign essentially as beginners.
Identifying what the changes are is only the first step. Perhaps the bigger challenge for managers and executives is actually the communication of the vision and the detailed planning aspects of the changes, not to mention maintaining alignment and support throughout the transition phase. Managers need to remember that changing an organization is like riding a roller coaster – the people in front can see what’s coming, but the people in the back will typically experience more sudden change with little warning because they have limited visibility.
Communication is easily the most important piece of restructuring and organizational change. Remember that change is difficult and can leave...
... middle of paper ...
...g up will help you address concerns and gain support. Further, major restructuring is likely to take time. Once again, communication comes into play. Follow up by telling people as a regular practice. Doing so keeps people working hard and reduces distracting rumors.
Restructuring a company or organization will always have its challenges. There is no perfect play book – every change is different just like each company is unique. However, by closely planning out your implementation strategy and communicating effectively to your organization, you can pave the way to the future far more effectively. Remember that while the few managers and executives at the top may have a vision for what the future structure may look like, it’s the people within the organization who are the change agents. It is therefore vital that your employees be part of building the future you seek.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Background Seeing a Ford Model T or A driving down the road is a snap shot of history of American motor vehicles. Henry Ford revolutionized the automobile industry and set the standard for manufacturing products on an assembly line. In 1903, Henry Ford opened Ford Motor Company with $28,000 and sold his first Model A to Dr. E. Pfenning, a physician from Chicago, Illinois (Ford Motor Company, 2013). Since that first vehicle, Ford Motor Company has gone on to sell over 300 million vehicles. Growth in Ford Motor Company created problems within the company.... [tags: automobile industry, leadership, Great Recession]
1166 words (3.3 pages)
- The idea that renewal strategies, like redundancy and restructuring, are necessary to achieve organisational goals comes from a supply and demand analysis of the job market. Today’s working environment is seen to be excessively using these strategies in order to accomplish short term goals, resulting in businesses not looking towards their long term futures. This essay will address this issue by looking at the significance and implications redundancy and restructuring raise, that of reduced morale, satisfaction, motivation, and retention of the future workforce.... [tags: Business Management ]
2244 words (6.4 pages)
- According to Jim Sirbasku the Organizational restructuring strategies help you get the most from people by developing a plan for corporate restructuring, layoffs and mergers. For organizations to develop, they often must experience significant changes in their overall strategies, practices and operational procedures. As companies evolve so must their employees to align with their organization. Organizations are active systems and they cannot work if any of their systems will not work efficiently and smoothly.... [tags: Business Management]
2991 words (8.5 pages)
- The AT&T Restructuring of 1995 Wednesday, September 20, 1995, AT&T Chairman and Chief Executive Officer Robert E. Allen announced plans for a strategic restructuring that would separate AT&T into three publicly traded global companies. Robert E. Allen said, "The company was taking this bold step to capitalize on the opportunities in each business' segment of the global information industry -- communications services, communications equipment, and transaction-intensive computing." Under the plan, a fourth business -- AT&T Capital Corporation -- would be sold, and AT&T shareowners would hold shares in each of the three remaining companies.... [tags: essays papers]
870 words (2.5 pages)
- Mergers Acquisitions & Corporate Restructuring – Project Report Executive Summary Mahindra & Mahindra Ltd. (M&M), of the $16.2 billion Mahindra group, entered into an agreement with the ailing Ssangyong Motor Company (SYMC) to acquire a majority stake on 2nd August 2010. The deal was done to allow Ssangyong Motor Company to strengthen their Research & Development, increase business competitiveness, and encourage investments in product development and to increase their global sales with the help of a partner (Mahindra & Mahindra) with strong financial capability and business engagements in diverse markets.... [tags: project report, Mahindra & Mahindra Ltd.]
1433 words (4.1 pages)
- What do Kleinfeld's efforts at Siemens tell you about the difficulties of restructuring organizations. When Kleinfeld's efforts at Siemens he has an idea in his mind to get the company restructured in a new and appropriate way. He planned to restructure the company by aligning the lines of responsibilities as it was done previous at Jack Welch at General Electric. Kleinfeld has tried a lot to make the structure as simple as possible and to make it less bureaucratic. He wanted it because of the fact that the decisions can be made more quickly and smartly.... [tags: Siemens, Restructuring Organizations]
1088 words (3.1 pages)
- Garage is a venture capital company that helps people with new ideas. In order to obtain early stage financing ones has to have a Compelling idea. This is something that will get the investors’ attention; this idea has to stand out. This idea will get the investor interested in your idea and would like to hear you out. If the idea is not compelling then you probably will not get any type of funding. The second thing needed for early funding is a strong management team. The team has to be talented and ready for the job at hand.... [tags: Venture capital, Startup company, Finance]
756 words (2.2 pages)
- For starters, I’m not going to pretend that I am a financial specialist nor am I going to impose upon your sympathies of the down-hearted of society. The housing market is indeed in a crisis. Those who could benefit from it did and will really make a profit from it once things pick up. But most are in a struggle. I am not exactly sure if your company can do something in regards to what I believe a possible solution may be but I certainly hope so. Before I get fully into my opinions and thoughts, I would just like to thank your company for giving me the opportunity to get this out.... [tags: Economics]
888 words (2.5 pages)
- ... The 17th Aviation Group was comprised of multiple units such as the 10th, 14th, 52d, 223d and 268th Aviation Battalions as well as the 7th Squadron, 17th Cavalry which all served honorably with the group. Throughout the Vietnam War, one of the units that became part of the 52d Aviation Battalion, 17th Aviation Group was the 119th Aviation Company. Operating throughout central Vietnam during the war the company arrived in September 1962 and was then inactivated in November 1970. Equipped with the twin-rotor CH-21 "Flying Banana" piston engine helicopters, the company was originally designated as the 81st Transportation Company which arrived in Pleiku, Vietnam, on 17 September 1962.... [tags: aviation, combat, brigates]
841 words (2.4 pages)
- The idea that renewal strategies, like redundancy and restructuring, are necessary to achieve organisational goals comes from a supply and demand analysis of the job market. However Today’s working environment is seen to be excessively using these strategies in order to accomplish short term goals, resulting in businesses not looking towards their long term futures. This essay will address this issue by looking at the significance and implications redundancy and restructuring raise, that of reduced morale, satisfaction, motivation, and retention of the future workforce.... [tags: Redundancy , Restructuring, Goals]
1913 words (5.5 pages)