They need to understand their role and others as well to put the overall administration in perspective. It’s only then they shall optimize the resources and take full advantage of the M&A which has taken place. If there is a communication gap between management or structural deficiencies, it will directly effect the business and hence its profitability. SMART objectives Specific: What exactly do I want to achieve Create a structure which is acceptable to all top management of merged companies. Who reports to whom? Why? Who is senior to whom? Why? Is single reporting structure better or should there be dual reporting? How about dotted reporting? Should companies still consider their staff separate from other companies? These are few of the questions which can be asked in order to achieve this project, because I believe that its only a healthy management team which can fulfill your target of increasing revenue and decreasing costs by correct delegation and reporting. Measurable: How will I know I have got it? Seamless flow of administrative instructions with 99% accuracy will be a point where one can say that the structure is running smoothly. There can be staff members identified from the top management who shall be responsible in implementing the whole plan and giving feedback to overall management team about its progress and improvements required if any. Since time in hand to revamp the whole system is only 6 months, keeping in mind the Bonsai business, this needs to be done on priority and within 6 weeks or so. Achievable: How do you know you are capable of reaching this goal? A step is already taken by identifying the CEO, 3 VPs and 3 GMs all from different erstwhile companies. The rest of the structure should fall in place whereby the remaining Ex GMs and VPs and COOs of the merged companies find their best fit in the organization. There are innumerable examples of good and bad management structures available by research on other companies where one can learn from in case of such M&As. Hence its certainly achievable, but its success depends on its planning and execution. Realistic: How realistic is this goal? Putting a structure in place for better organizational management is achievable with correct information and cooperation from all team members. This is a prerequisite and there is no question of it being non realistic. Timed: How long will it take me to reach this goal? Time is of essence here, but that should not lead to a haphazard structure or strategy. Huge effort has to go into this, within a significantly small time frame. 6 weeks is what I have set with scope of 2 weeks delay. This is assuming that its not only the restructuring work being carried out but other projects being implemented side by side in operations, logistics and administration. Contribution to your goals This project will be the hidden secret to your success if its well executed. Team work specially between staff of different merged companies is key to success of the united entity. Your goal to make UPE a company which is most exciting to your staff and suppliers and eventually become best distribution and Logistics Company worldwide can be possible if this goal is achieved in early stages of new company. It is these joint teams which will enable the company to be agile and responsive to customer’s business needs across the world. Challenge 1 - Relatively less cooperation from management team of either of the merged com
To, The Chief Executive Officer, United Package Express Date: 25th February 2011 Dear Sir, I am pleased to access your companies position with regards to the current dynamic situation internally and industry wide and propose the following three projects which shall contribute to achieve your vision for the merged company…
Nowhere is effective management of ethical behavior of greater consequence than in the banking and insurance industries. Finance and accounting professionals have been in recent litigation because the nature of their working relationship has allowed them to share information that should otherwise not have been shared (Dimitris, 2009).
Ratio analysis uses concrete, quantitative numbers to show historical data about the company. Hundreds of comparisons are available using this method, but the focus is typically on liquidity, profitability, turnover of assets and financial leverage. These four ratios usually offer enough information for decision makers, but economic value added, or EVA, does offer a different metric for discussing the overall financial health of the company.
Abstract In this paper, three main topics would be discussed. These three topics comprise description of memes, its recognition along with illustrating an example, determining the positive as well as the most dangerous memes and finally an interview description with a business leader.
Steve Armstrong from Groundwork East Durham was invited to a meeting by the chairman to discuss about that. After approving the proposal, they need a perfect business plan, which would make a successful ending. A marketing plan embodies the strategic marketing management process.
I will attend one of the local hospitals and collect data with assistance from the hospital’s administration. I will be interviewing at least 8 male and 8 female nurses on how they spend their annual vacations. I will seek to collect at least 4 data points
These methods will remain archaic in the company so as to streamline the traditional policies that have bedeviled the reputation of the company amid the competitive business world (Armstrong 2012, p. 107). This will be the best platform of
These businesses become competitors, in this case; there have to be strategies and approaches set in order to manage the competition and maintain a market position.
The factors that happen beyond the business are referred to as the external factors;
The general goal of the project will be to assist people in making proper decisions on preparedness about health emergencies. People in the region are not prepared on dealing with health emergency problems. This is because they lack knowledge and
One of the most essential reasons behind carrying out the research on the above topic includes the universality and significance of organising mega events in different parts of the globe on the one side, and urge of the world states for hosting the same in the wake of
e for hitting the boxing bags lesser cotton are needed, for pads, more cotton would be put inside the synthetic fabric and most cotton would be used if the gloves are for spurring (Ballard 9). Thus, as a prospective entrant into the business, the most reliable and important
2 pages (500 words)Coursework
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