Unit 3 Individual Project
May 13, 2006
Business Management and Leadership
Unit 3 Individual Project
My vision or plan would be to increase profit margins by taking several major steps. First, I would focus on the organizational structure, and second on the outdated product line. I would bring management and employees together in a series of two-way decision-making steps. I would take a series of steps to bolster the employees. Team work groups would be employed in order for the employees to be part of the decision making procedure which has been shown to increase employee morale, increase work motivation, job satisfaction and job performance. New product lines would be determined by investigating and surveying customer needs, the competitions, etc. I would realign the employees according to new product lines (cost and differential advantages), skills and experience.
In this organization decision-making is give attention to with the management, roles are narrowly defined, based on content or functional knowledge, and autonomy is limited. In the traditional matrix some functional expertise is "loaned" to a project manager who is charge of a particular product or service outside the bounds of the organization. The project manager often has some fiscal autonomy and control, which allows him or her to pull resources out of the traditional hierarchy, often in a group or team setting, to work on the project.
In the new organization, individual contributors will be organized into teams around a mission or business plan, which may encompass more than one product or service. Each team member will have a role focus, but the task of cross- functional knowledge and expertise are shared so that team members can constantly assist each ...