Choose a Hong Kong local company (manufacturing sector) - at least 15 academic reference in harvard styleAssignment Brief
As part of the formal assessment for theExtended Diploma in Strategic Management and Leadership programme you are required to submit an assignment for each module. Please refer to your Student Handbook for full details of the programme assessment scheme and general information on preparing and submitting assignments.
After completing the module you should be able to:
LO1: Understand the background to organisational strategic change
LO2: Understand issues relating to strategic change in an organisation
LO3: Be able to lead stakeholders in developing a strategy for change
LO4: Be able to plan to implement models for ensuring ongoing change
Assignment Task
Hong Kong is a business and financial centrestrategicallyplacedin high growth region and there are a number of listed companies in Hong Kong.Similarly many multinational organisations are manufacturerswith business divisions operating across the globe and many of them have branches in Hong Kong.
Alongside the increasing complexity of their operations, it is generally accepted that there is increasing competition for many, leading to such organisations seeking to create growth through innovation, global operations and cost efficiency.
Then, for a listed company in Hong Kong,or a multinational manufacturing organisation, or any company in Hong Kong that you are aware of, (you don't need to have been employed by them but should undertake a little bit of research and use common sense) you have been approached as a Management Consultant to consider the following.
You are required to write a formal report to the Board of Directors of your chosen organisation to examine areas that require strategic change.
The layout of the report is as follows:
An executive summary- this will give a summary of the main areas in your report and include the main recommendations for one strategicchange which the organisation needs to make as a result of your analysis.
An introduction- This will explain the purpose of the report. Introduce the organisation you have chosen and state its strategic objectives.
The main report will comprise of the following and be applied to the organisation:
Task 1
Background to organisational strategic change
Management researchers have developed a range of strategic change models which can aid the implementation of change in an organization.
As Management Consultant, identify and introduce a minimum of THREE of these models to the Board of Directors and consider their advantages and limitations with regards to assisting change management generally and identify the types of change which they may be most effective for. Evaluate the relevance of the three models of strategic change to organisations in the current economy.
Assess, identify and evaluate the value of using strategic interventions techniques in your chosen organisation which may assist with the implementation of the change. This could include, for example, team building, changing leadership style or changes to HR processes, which might be necessary to enable the organization to align with the external environment's demands.
Task 2
Issues relating to strategic change in an organisation
Assess and critically evaluatethe factors that are currently driving the need for strategic change for your chosen company (including the driving and restraining forces).
Identify one specific change, which the organisation or a department within it needs to make as a result of your analysis. Examine the need for strategic change and advise why the change is necessary.
Assess the possible resource implications/consequences are if the strategic change is or is not implemented.
Task 3
Leading stakeholders in developing a strategy for change
Using appropriate models, identify and analyse stakeholders of the identified strategic change in Task 2.Discuss how you would develop systems to involve stakeholders in the planning stage (i.e. in the introduction of change).
Evaluate the systems used to involve stakeholders in the planning of change.
Outline the diverse reactions to change by different stakeholders. Discuss why change is often resisted by stakeholders.
Develop a change management strategy with stakeholders and critically evaluate the appropriateness of the management of stakeholders.
What strategies can you create or adopt to manage any resistance to the proposed change?
Task 4
Implementing Change
Recommend and justify an appropriate change model/strategy. Apply or develop the model as appropriate to your suggested change.
Plan a process to implement your chosen model for the strategic change, e.g. headline timescale, and resources needed.Demonstrate how the model can assist in the planning and implementation of your identified change.
Suggest and develop appropriate measures which can be used to monitor progress in its implementation and evaluate success e.g. evaluation/control systems.