Restructuring, Technique and theories - X & Y.
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1. Restructuring" is a popular management technique used in business today. Discuss why "restructuring" is used, does "restructuring" work, and how does "restructuring" impact employee empowerment:
By undertaking restructuring a company attempts to avoid collapse, financial damage, develop and progress in the business. This objective is achieved by cutting costs, reducing the size by selling assets. The managers responsible for restructuring job must have clear idea about the problems and challenges faced, goals to be achieved, strategy to be adopted at minimum wastage of time, resources and cost. To ensure that the program is successful Design, Plan of execution and focus on Marketing has to be conceived well in advance. These three steps are of utmost importance to avoid failure in restructuring. Empowerment: Under this policy the employers give their employees means to take important decisions and the right ones. It results in higher production and better quality of work life. It tends to provide job enrichment and job enlargement.
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Solution Summary
The solution explains you the need for restructuring by a company. How it impacts employee empowerment? How this objective is achieved? What the managers responsible for the restructuring detailed about their roles. There are three important steps that of successful design, plan of execution and focus on marketing. These steps must be conceived well in advance. Empowerment allows the managers to divert attention to more important responsible work and take decisions urgently. How the managers adopting "theory - X or theory Y" employ different approaches towards the employees?
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Solution:
By undertaking restructuring a company attempts to avoid collapse, financial damage, develop and progress in the business
Restructuring" is used, does "restructuring" work, and how does "restructuring" impact employee empowerment.
By undertaking restructuring a company attempts to avoid collapse, financial damage, develop and progress in the business. This objective is achieved by cutting costs, reducing the size by selling assets. The managers responsible for restructuring job must have clear idea about the problems and challenges faced, goals to be achieved, strategy to be adopted at minimum wastage of time, resources and cost.
To ensure that the program is successful Design, Plan of execution and focus on Marketing has to be conceived well in advance. These three steps are of utmost importance to avoid failure in restructuring.
The three important steps:-
Design: agree on the suitable course of action in dealing with particular challenges, problems and the prospect the company faces
Execution: How the hurdles in the process of restructuring to be handled so that maximum value is generated.
Marketing: Restructuring should be so projected to investors that the value created in ...
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