BIG SHOES TO FILL
CORE ELEMENTS
CRITICAL ISSUE
Most critical issue is Inostat`s corporate culture, that they are team- oriented with the different departments and goal- oriented. They are willing to do things they are expected to do. They are not practised to think out of the box. There is no motivation factor existing in a company Inostat needs to maintain their flexibility, continually improve their quality, beat their competition in the market and continually provide the public with innovated products. Without these four cultural changes Inostat will not be successful. The chain of command that Inostat enabled is a hierarchal command. This may not work any longer because people may reject the idea of Stephanie as their president. It worked before because Jack was the founder and a very influential person and people respected him, but they may not have the same respect for Stephanie because they do not know what she is capable of yet, if she is able to run a company. Stephanie never felt herself been in such a turnaround situation.
RELEVANT THEORIES Stephanie can implement theory Y, and give more empowerment to his employees so that they can form effective and efficient cross functional teams She should implement motivation theory, where employees get motivated to work to get better incentives. Stephanie can build and sustain the organization’s culture by developing common goals of the individuals at Inostat. From the common goals of all the individuals in the work place she can create a mission statement for the company that will relate to all the employees.
SOLUTION Stephanie should bring a basic reorganization because people are going to have iss ...