Initially, Charlie's decision to radically change managing styles from that of his predecessor was a mistake. Generally, leadership changes already have a disruptive effect on the management team (McFarlin, 2006); therefore, radical changes should be avoided unless there are very specific and good reasons to depart from what worked previously, at least until the new leader has established their trust and confidence (Maxwell, 2007). In this case, Charlie was already in possession of sufficient information to know that his team could not simply begin collaborating effectively under a consensus-based approach to decision-making. Charlie should have known that before any such change in management and leadership style could possibly be successful, he would have had to first establish a culture of openness that precluded privately voiced complaints by heads of departments about other departments that they would not repeat in a group meeting. That culture of honesty and of mutual respect is a prerequisite to the collaborative decision-making environment that Charlie envisioned for his team (George & Jones, 2008; Maxwell, 2007; Russell-Walling, 2007). In this particular case, Charlie has the incentive to make good decisions but apparently lacks the business leadership acumen to understand the group dynamics involved (Maxwell, 2007; Robbins & Judge, 2009).
Solving the Internal Problem
Irrespective of the external problem of improving Chattanooga's lagging sales, Charlie must first solve his underlying leadership and management style problem. First, he must take back control of decisions and restore the manner in which his predecessor made decisions. Second, he must change the organizational culture wherein his department heads privately undermine one another...
Business Problem at UIT. As you all know, there is a serious problem of lack of profitability in the Unit Investment Trust. Before taking any action, management would like to get an idea of the ideas and suggestions that might be out there that we haven't looked at. This is your chance to possibly make a difference. (If you need more room, please feel free to write as much as you
2009 2008 ART 8.54 8.84 ACP 42.74 41.27 Iturnover 15.13 14.23 Inventory Age 24.12 25.65 Comments: Ford shows unfavorable activity ratios, which is indicative of the fact that the company is using its assets efficiently to meet financial requirements. All measures, except ART improved over time (from 2008 to 2009). 2009 2008 Debt/Equity 2.04 1.62 Debt/Assets 0.40 0.36 TIE -2.35 2.25 Comments: Ford uses debt heavily to finance the growth of the company. Overall the company is servicing the debt well and is stable over time, even though the loss in 2009 has affected the capital
Specifically, Riordan stocks the polymer material despite the fact that the material is obtained locally and poses no risk of unavailability or delivery problems. Conversely, it, does not stock the electric motors even though their availability is both crucial to Riordan's production and supply chain and also subject to predictable shortages of as much as 7%. Naturally, the solution would be to stock the electric motors instead of the
In fact, Don should have handled the situation honorably from the beginning, to gain respects from Charlie and others, and show his caring and concern for his workforce. Instead of promising his superior that he would do what it takes to ensure the project is done, he should have noted that the project could not be completed if the budget is cut, and that he would complete as much
Due to the potential lack of personnel with IT skills, it is probably best to implement an entire ERP solution. Again, keeping in line with the size of the business, this does not need to be a very complex one. It will, however, be helpful in dealing with some of the human resources challenges that may arise in the process of developing and expanding the company. For this last matter,
Business Problem-Solving: Root-Cause Analysis The Root Cause Approach Root cause analysis is a popular problem-solving technique that seeks to bring out, and respond to, the deeper causes of a problem as opposed to only those that are visible on the surface (Okes, 2009). It allows one to look deeper into a problem so as to determine what the underlying causes are, and fix these before the problem escalates to an even bigger
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