Assignment:
The general manager has reviewed your analysis of a successful company and was impressed with your work. As a result, you have been asked to provide recommendations for a management improvement plan for a struggling company.
For the second part of the project, you will focus on a struggling company and make your recommendations in a management improvement plan. Your recommendations will show how management performance, employee perception, and organizational success intersect. You must select a company from this list of suggested companies. Resources related specifically to the struggling companies listed are provided.
· Toyota (specific to recalls over the last decade) Toyota.com
· WorldCom (Ex-WorldCom CEO Ebbers guilty) WorldCom: The Accounting Scandal
· Enron (Enron Scandal)
· Motorola
· Eastman Kodak (Eastman Kodak Files for Bankruptcy)
· Sears
Specifically, the following critical elements must be addressed:
I. Profile of a Struggling Company
a. Assess how the current management planning practices interfere with or prohibit the organization's ability to optimally function. You could consider using the fundamental principles of management (Planning, Organizing, Leading, Controlling) in your explanation.
b. Describe how the employees' perception and organizational culture have been impacted by management's performance. You could consider the connections between management and its impact on culture.
c. Explain how communication has played a part in management's inability to increase employee performance. You could consider the connections to specific communication barriers that exist within the organization.
II. Management Plan Recommendations: For this section of the assignment, you will make recommendations for the management improvement plan.
a. Describe how implementing the fundamental principles of management will help to improve the management process within your company. You could consider the factors that interfere with or prohibit effective management.
b. Identify how planning, organization, leading, and controlling will be implemented and communicated to all personnel within the company. You could consider thinking about this from a training standpoint.
c. Describe how the application of your management approach will lead to increased employee performance. You could consider what needs to improve the most to help increase employee performance.
d. Explain how applying ethical principles would be sustained and monitored by the company. You could consider using the rational decision-making model to show how this process can help with ensuring long-term success.
III. Conclusion: For this section of the assignment, you will provide a summary of your recommended changes to the management improvement plan using examples revolving around the fundamental principles of management. a. Summarize how these management changes, based on the fundamental principles of management, will help to ensure organizational success. Be sure to provide examples of how these changes will have the most direct impact.