1). This can only be done by effective communication.
c. Implementation
A strong communication strategy should be implemented. Because the company is relatively small, communication can occur on an individual or small group basis. It is recommended that communication procedures be initiated with top level staff on an individual basis, while general employees can be addressed in relatively small groups. It is important that these communications occur on an open and two-way basis, with employees invited to ask questions and make recommendations.
IV. Analysis
a.i a further central fact that relates to the company's current situation is that there has been a basic lack of active decision-making by senior partners. This tendency has demonstrated a lack of flexible leadership (Yuki, 2008), where leaders failed to adapt to the new business environment and therefore became ineffective.
ii. This has resulted in a basic lack of innovation and revenue for the company.
iii. A further result was that many key partners simply gave up and left for other, more profitable ventures.
b. Recommendation
There are two key recommendations. The first is to communicate openly with remaining key personnel to determine if they have been contemplating an exit from the company. If so, reasons for this aim should be solicited and discussed openly. During this discussion, recommendations can be made for decision-paradigm...
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