Managing Change - Essay Example

Only on StudentShare

Extract of sample
Managing Change

This move would have resulted in the loss of 600 jobs in its combined workforce of approximately 4,200 employees from the two plants. For that year, annual production targets were also reduce from 70,000 units to merely 40,000. Global overproduction and a 17% slump in domestic sales for the second half of 1999 were the reasons cited by Mitsubishi for the downsizing. Mitsubishi officials also claimed that the decline in the value of the Australian dollar had made it too costly to import Mitsubishi components. The decision to downsize in 2000 followed the downsizing of already 300 production jobs for the company yet despite these decisions, profits for the company did not improve. As of December 1999, the company reported a $A 130-million loss, its worse in twenty years in Australia (Cook, 2000).
In 1997, the Howard government suspended plans to end tariff protection for the car industry until 2010 due to pressure from car manufacturers and threats by Mitsubishi that it will wind-up production in Australia. ...
Download paper

Summary

Downsizing has been defined as "a set of organizational activities undertaken on the part of management of an organization and designed to improve organizational efficiency, productivity, and/or competitiveness" (Cameron, 1994, p. 194). A more specific description perhaps is that downsizing is a management tool for achieving desired change through restructuring or re-engineering initiatives by an organization…
Author : fred32

Related Essays

Managing Change in Organisation
On this ground no organizational changes can be made because this will inflict the taxation procedures for the countries....
16 pages (4016 words) Case Study
Managing Change in Healthcare
Some of the most favored approaches that have been preferred are cycle-time reduction, process engineering, and total quality management (TQM), with which companies have tried to flatten the organizational structure [3]. However, structural change programs on its own are likely to fail as they do not account for the human element, which actually forms the structure. Change management must work towards removing fear, cynicism, and defensiveness from the minds of the people. In the healthcare sector of US, the practice of midwifery was almost eliminated by concerted effort of university educated...
11 pages (2761 words) Essay
Implementing & Managing Change
The problem with any planned change will always be that it has been planned and therefore managers who have initiated the change largely define the expected outcomes beforehand. Lewin model will help to construct a framework for successful implementation of change. A phase I will occur where staff senses the need to do work in a different way. The second stage begins while changes are being made in the behavior of employees or in the organizational process. During this stage, training will be the main goal. Phase 3, 're-freezing', occurs when the changes are accepted as the new position by the...
2 pages (502 words) Essay
managing change
Clearly, there is a separation of vision within the executive leadership group mandating an immediate necessity to unify this group by way of establishing a singular strategic goal for securing the banks continued growth and obtaining policies which enhance internal productivity. A common purpose derived of senior-level unity of vision is a missing element from the organizational climate and this level of division is having a profound trickle down effect on the banking staff which further creates a disorganized and uncertain culture. Further, the rigid top-down leadership hierarchy of command...
8 pages (2008 words) Essay
Managing change
When an organization changes its overall strategy for success, adds or removes a major section or practice. It also occurs when an organization evolves through various life cycles, just like people must successfully evolve through life cycles. “For organizations to develop, they often must undergo significant change at various points in their development. Thats why the topic of organizational change and development has become widespread in communications about business, organizations, leadership and management” (Organizational Change and Development).There are different types of...
4 pages (1004 words) Essay
Managing Change
With the countless number of organizations worldwide, companies continue to invest on research and development for their organizations to change their perspective and obtain their goals. It is true that the only eminent thing in this world is change. People adapt, submit or contradict with change....
8 pages (2008 words) Essay
Managing Change
needs of external and internal customers.” Many researchers have worked to define the change models for bring about a change, some of these are: 4-D process of appreciative enquiry, The Keubler-Ross Model of Change, Jon Kotter’s Change Model, The change Journey, Cyclical Process Framework, Theory U & Lewin’s Change Model....
3 pages (753 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!