Management Problems and Solutions for Launching New Products
Verified
Added on 2023/01/20
|19
|4969
|72
AI Summary
This article discusses the people management problems faced by Jan in launching new products and provides steps to get the launch back on track. It covers topics such as workers' understanding of the company's vision, creating a pleasant working environment, challenging poor performance, and more.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Running head: MANAGEMENT1 Business Management and strategic management. Student’s name: Name of the institution: Date:
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
MANAGEMENT2 Table of content. Contents Introduction.................................................................................................................................................5 People management problems that possibly underprop the difficulties Jan is facing...................................5 Workers' understanding of the most significant contribution to the company's vision.............................5 Giving workers a reason for caring about their contribution....................................................................6 Creating a pleasant working environment for employees........................................................................6 Workers need not feel that they are set up to fail.....................................................................................6 Challenging poor performance and immoral conduct..............................................................................7 The feeling of being ignored or less appreciated by employees...............................................................7 Giving a clear understanding of the stake and what is to be done............................................................7 Steps Jan should take in the short and medium term to get the launch of new products back on track........8 Defining his target customers..................................................................................................................8 Plan on ways to reach the target consumers.............................................................................................8 Clearly, understand the issue you want to solve......................................................................................8 Clearly, understand the purchasing process.............................................................................................9 Protect your online uniqueness................................................................................................................9 Validate your produce.............................................................................................................................9 Identify the competition you have and differentiate from them.............................................................10 Ensure your idea has not been implemented before...............................................................................10 Create a product demo or a free trial......................................................................................................10 Develop a cumulative strategic plan......................................................................................................10 Get everyone to work as a team.............................................................................................................11 Develop brand voice strategies..............................................................................................................11 Test the product continuously................................................................................................................11 Discover the unknown...........................................................................................................................11 Clearly, understand yourself..................................................................................................................12 Plan your next version immediately......................................................................................................12 Leadership styles Jan should adopt............................................................................................................12 Democratic leadership method..............................................................................................................13
MANAGEMENT3 Coaching leadership method..................................................................................................................13 Strategic leadership method...................................................................................................................13 Transformational leadership style..........................................................................................................14 Charismatic leadership method..............................................................................................................14 Laissez-faire leadership method............................................................................................................14 The support that might be needed at a deep level to help improve the situation........................................15 Develop marketing strategies for new products.....................................................................................15 Improve the management......................................................................................................................15 Get the essential production tools..........................................................................................................15 Conclusion.................................................................................................................................................16 References.............................................................................................................................................17
MANAGEMENT4 Introduction. For an organization to be successful in launching a new product, there has to be teamwork where the management and employees work together towards accomplishing the organizations’ goals. The leader has to use the best leadership style for employees to feel motivated and appreciated for better performance. Before launching any product, the management should be careful to follow the launching steps for the product to be successful and penetrated the market. The SweDigimanufacturingcompanyisexperiencingsomeproblemswheretheyhavelow productivity, probably due to poor management. People management problems that possibly underprop the difficulties Jan is facing. Being a new manager, Jan, might have made several common mistakes that potentially underpin the difficulties he is facing. Some of these issues include workers understanding of the most significant contribution they can make to the company's vision, giving workers a reason for caring about their participation. Creating a pleasant working environment for employees, workers need not feel that they are set up to fail, challenging poor performance, and bad behavior.Otherissuesincludeemployeesfeelingignoredorlessappreciated,aclear understanding of the stake and what is to be done among many other management issues. Some of the problems are discussed below. Workers' understanding of the most significant contribution to the company's vision. All workers have to understand the company's vision clearly and agree with it, so are they can work towards achieving the company's goals. Evaluations of performance should be done based on the organization's goals. The manager is responsible for breaking down the vision to a lower and possible level. By doing so, the employees will understand how their work contributes to the
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
MANAGEMENT5 company's goals, and they work step by step toward fulfilling the bigger picture of the company, its consumers, and other audience. The workers at Jan’s company may not have a clear understanding of the kind of contribution they should make to make the company successful (Webb, 2017). Giving workers a reason for caring about their contribution. As a manager, you have to make your employees feel appreciated by showing them that you care about their contributions and that they matter. Remuneration does not necessarily give workers a reason to care about their contributions. The manager must, therefore, find out the kind of reward the worker needs and understand what motivates his employees to be more productive. The manager should as well participate in doing the work to inspire the subordinates and possess excellent communication skills to maintain a good relationship with the workers. Jan may not have been successful in encouraging his employees or making them feel appreciated; hence, they might not be motivated to work (Petronio, 2015). Creating a pleasant working environment for employees. A pleasant working environment nurtures the character you desire from your employees. Different groups of workers have, unlike needs. For instance, a group that is mainly C's will appreciate challenges more rather than individual recognition. On the other hand, an S team will understand the structure that may support and balances work-life more. The manager is therefore responsible for identifying what his group appreciates most and create the best working environment for them to be more productive. Jan should understand his employees better and create the best working environment for them if he wants the company to succeed (Taylor, Doherty & McGraw, 2015).
MANAGEMENT6 Workers need not feel that they are set up to fail. Employees feel demotivated if they feel as if they are set up to fail; nobody wants to work hard for failure. Therefore as a manager, you have the responsibility of finding out what your workers view as a failure, provide the necessary resources for them. Avoid getting into their way while working as well as changing rules more often to avoid confusion during work. Your employees should also be aware of how you will handle failure in case it occurs. You should be lenient enough when handling failure cases to avoid too much pressure but be strict enough to prevent its occurrence. Since the company has already failed for the first time, the employees might have a feeling of failure despite the new strategies which may discourage them from working harder (Hayes, 2018). Challenging poor performance and immoral conduct. If poor performance and bad behavior from some workers are not challenged, the other workers feel demotivated who are working hard towards achieving the organization's goals. They no longer fear facing punishments because even the ones who have had misconducts are not punished. As a manager in charge, you should ensure that employees clearly understand the consequences of conduct and poor performance as well as the rewards of excellent performance and ethical behavior. Jan, as a manager, have the responsibility to model both sides. The feeling of being ignored or less appreciated by employees. Workers work best when they feel that their manager appreciates them and pays attention to their needs. It is, therefore, the responsibility of the manager to understand the kind of care that motivates each employee or groups of workers, understand their needs at a personal level as well as the causes of their behaviors and preferences. By doing so, your employees will feel recognized and will be more motivated to work harder toward the success of the project. Jan
MANAGEMENT7 should, therefore, purpose to appreciate all the employees to get better results (Child, & Lu, 2018). Giving a clear understanding of the stake and what is to be done. Everybody in the company should very well understand the company's goals, and its brand promise, the marketplace, competitive advantage, and the environment in which it is operating. A new manager, you should be in a position to tell about the background of the company, its core values, and where it will be in the future. The manager should also help the workers understand the reason for existence and future goals of the company. This role may be difficult to new managers who do not have a better understanding of the company and thus causing people management problems, just as in the case of Jan (Noe, Hollenbeck, Gerhart & Wright, 2017). Steps Jan should take in the short and medium term to get the launch of new products back on track. To launch and make the new products a success, here are some of the short and medium term steps that Jan should take. Defining his target customers. Jan should have a clear understanding of his target consumers. This is important because one groupofconsumerdifferwiththeotherintermsofpreferences,channelsusedfor communication and information. He should clearly define his consumers to get the right direction of marketing and develop strategies for meeting the customer's expectations (Taran, Boer & Lindgren, 2015).
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
MANAGEMENT8 Plan on ways to reach the target consumers. Having clearly understood your customers, plan on how to reach them effectively. Know how to get to them, when the best time to reach them is and which the fittest place to reach them is. Make a marketing plan that accommodates all those factors so that it will be easier to contact them and turn them into loyal customers. Clearly, understand the issue you want to solve. Understand deeply the challenge being faced or that which you intend to solve, who it is affecting. This is important to help you remain focused on the reason for doing what you are doing. Discuss and test it with your employees. This will help you know what you want to accomplish in meeting the unsatisfied need (Srai, Badman, Krumme, Futran, & Johnston, 2015). Clearly, understand the purchasing process. The customer's purchasing process makes the basis for sales and marketing activities. To launch a new product successfully, you must clearly understand the consumer's pain points, their source of information, what influences their purchasing behavior, and some of the events that may trigger them to buy. Different customers have different expectations depending on the reason for purchasing the product, and that determines the kind of relationship they will develop (Larsen, 2017). Protect your online uniqueness. Nowadays, many cyber squatters try to mislead customers who have not secured their field name, trademark, and their accounts of social media, among other issues. It is essential to ensure all of them before launching any product anywhere. Your field name, together with other necessary marketing vehicles, could be alleged on high prices and hiring lawyers is equally expensive.
MANAGEMENT9 Validate your produce. Purpose to make sales and earn your first income employing validation of building the product even before building it. If customers seem not to be pleased and are not purchasing it, there are high chances that they will also not buy it when it comes to existence. The simplest way to do this is to create a page where you run ads and see if there any customers interested in purchasing it if there are, you can go ahead and build your product (Comuzzi & Patel, 2016). Identify the competition you have and differentiate from them. Identifyallyour competitorsandotherupcomingpotentialcompetitors,theirmethodof production, marketing plans, and other issues that makes them have a better competitive advantage over you. After identifying all these issues, make ways that make your product unique from theirs, which your customers will identify with. Purpose to meet the unsatisfied needs of the customers, give quality to your customers and develop a good relationship with them, and this gives you a higher competitive edge. Ensure your idea has not been implemented before. Many people seek to copy what has been done by others and proven to be successful failing to understand that it might not be as successful as it was to the original person. It is therefore essential to research your market keenly and identify other products that may be similar to yours. Even when your idea is good but has been done before, it could be not given high returns (Karhu, Ritala & Viola, 2016). Create a product demo or a free trial. A product demo is crucial for your product because it gives you feedback and correct possible mistakes before the product is launched officially. Potential customers are also well introduced to
MANAGEMENT 10 the product, and you can know if your product meets their expectations, and thus you can determine if it will be successful or it will fail (Tan & Zhan, 2017). Develop a cumulative strategic plan. All new products involve a thorough and deliberate strategic-planning before it is introduced to the market. This consists in evaluating its target market, competition, the predicted return on investment,SWOTanalysis,measuringitssuccessanddevelopinganappropriate communication plan (Luo, Liu, Yang, Maksimov & Hou, 2015). Get everyone to work as a team. To ensure that your product is a success, you have to ensure that all departments and workers work together to ensure that their customers get the best and quality products. As a manager, you should ensure that everybody clearly understands the goals and objectives of the organization andthattheyallworktogethertowardsachievinglong-termsuccess(Lopez-Vega& Vanhaverbeke, 2016). Develop brand voice strategies. After coming up with a perfect brand, you have to come up with strategies to develop a loud brand voice. Before entering the market, you should have a clear understanding of what you intend to do, your target customers, and the way you intend to get them. Consistency is essential for the success of a brand. Therefore, teamwork is required when broadcasting your brand (Candi, van den Ende & Gemser, 2016). Test the product continuously. To launch a new product and it being successful is not simple, it should be tested continuously till it breaks and test it more after that. Getting the feedback will help in delivering what the
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
MANAGEMENT 11 customers expect and achieve your intended goals. You also need to assemble all your marketing tools, such as landing pages, social media, among others. Discover the unknown. Launching a new product means you are good at something, but that doesn't mean that you know it all. Before starting your product, understand the challenges you might face. You should be careful as even where there is a rapid success. You may also fail drastically if you are solving issues that you do not clearly understand. You need to outsource skills you need immediately you take off and in the process when you discover something new that can help your product be more successful (Wowak, Craighead, Ketchen & Hult, 2016). Clearly, understand yourself. Understand yourself such that you can get tell your story to anybody such as the media, potential customers, brands you can partner with among others. You must be in a position to explain who you are, what you are doing, and the reason for doing it, what motivated you to do it. Help your employees understand the story as well so as they can also narrate the same across digital channels (Csaszar & Levinthal, 2016). Plan your next version immediately. Taking too much time trying to perfect the products may lead to failure, after launching it, start planning on the next version. Put into consideration the customers' feedback, accept mistakes, and correct them. By doing so, you gain customer's loyalty as well as improving your innovativeness through listening and responding to customers' feedback (Barringer, 2015).
MANAGEMENT 12 Leadership styles Jan should adopt. Jan is expected to show his leadership abilities at one point or another at the organization. Being the new CEO he is powerful and rather influential because the people have to obey what he orders, he should be capable of leading the whole team towards the right direction, acting as a role model. There are some leadership styles that Jan can adopt to improve the situation in the organization at this hard moment. Some of the leadership methods that he could use are discussed below. Democratic leadership method. This is the kind of leadership where the manager involves workers in decision making that includes the activities of the organization. This kind of leadership has an active two-way communication. It’s also referred to as participative leadership. It is the best type of leadership where the leader is required to be competent, considerate, creative, and intelligent. Jan should adopt this kind of leadership where he will involve his employees in making decisions, this way they will feel appreciated and they will support each other’s which will make the company more successful (Brisson-Banks, 2009). Coaching leadership method. Coaching leadership is a style that is neither direct nor indirect method of administration where managers teach and supervise their employees. It's a modern method of leadership which is being adopted by many organizations. By taking this kind of leadership, Jan will motivate his employees to work harder as well as boost their competences and performance (Kotter, 1995).
MANAGEMENT 13 Strategic leadership method. Strategic leadership involves influencing other people to voluntary make decisions which enhance prospects for the long-term success of the organization. That is the leader persuades the workers by expressing the organization's strategic vision. By adopting this type of leadership method, Jan will create to develop a group whose members are well trained and equipped to react to risks and threats. He would also generate more leaders by implementing strategic leadership method (Frankel, 2019). Transformational leadership style. Transformational leadership method is one of the best leadership styles, which involves creating an influential working culture by communicating effectively to the team members. Nevertheless, it requires a specific level of tactical vision and intelligence inspiration to initiate personal change as well as other people in the organization. Leaders who use this kind of leadership set challenging targets for the group to accomplish extraordinary results. Jan will focus on aiming at higher goals and work together with his employees to achieve them in time if he adopts the transformational leadership method (Carnall and Coin, 2007). Charismatic leadership method. Leaders using charismatic leadership method attracts people automatically with their charisma; they are generally passionate, confident, and self-motivated. This kind of leadership does not embrace working as a team. If Jan adopts this kind of leadership method, he can build a strong market base and attract more consumers and employees to follow him because of his healthy self-image (Schein, 2002).
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
MANAGEMENT 14 Laissez-faire leadership method. Laissez-faire is a French word that means let-it-be when translated to English. In this type of leadership, leaders assign responsibilities and duties to employees and give them the freedom to work with little or no supervision. If Jan adopts this kind of leadership, he will provide a chance of employees being more innovative, the employees are self-motivated, experienced, and require little or no supervision and hence become more creative. Workers give the best of their abilities when they are encouraged to grind independently rather than being ordered on what to do (Nawaz & Khan 2016). The support that might be needed at a deep level to help improve the situation. The SweDigi manufacturing company is experiencing a problem in management and product failure. Here are some of the things they can do to save the situation. Develop marketing strategies for new products. The organization surveys the customers to identify the customers who need their products and their preferences. After identifying potential customers, they can then develop a marketing plan that suits their target customers. This is to make known to the customers the existence of their product and the advantage of their products over those of their competitors. They can as well develop new markets to increase their number of sales annually (Chernev, 2015). Improve the management Jan is the CEO of the organization, should consider changing the management style and use the participative kind of control rather than the dictatorship. This way, the employees will feel appreciated and part of the organization and hence will reduce the employee turnover as well as increase productivity. Employees give their best when they are involved in the decision making
MANAGEMENT 15 of matters that affect their work. They become more innovative and creative if they are left to work on their own, unlike where there is too much supervision when they only work to please the leader and hence poor performance (Bridges, 2009). Get the essential production tools. To produce quality products, you have to purchase all the required equipment to facilitate production. With the necessary tools, there is increase production rate and at a lower price. There is no too much waste experienced during production, and the organization also has an advantage of economies of scale that automatically increase profit margins. The organization is also able to cope with competition effectively (Rüßmann el at.2015). Conclusion. In conclusion, Jan the new CEO of SweDigi company is experiencing difficulties because of some people management issues he is having such as creating a pleasant working environment, workersfeelingunappreciated,givingworkersareasontocontribute,challengingpoor performance, employees feeling like they are set up to fail among other problems. To launch the new failed product successfully, Jan has to follow some steps as explained above. Jan should also consider having adopted some leadership styles that are more participative to ensure that they work together with workers as a team. Some of these leadership methods include strategic, charismatic, democratic, coaching, transformational, and laissez-faire leadership methods. The organizationshouldaswellconsiderdevelopingagoodmarketingplan,purchasingthe necessary production tools, and improving the management to save the situation the company is in (Yahaya & Ebrahim, 2016).
MANAGEMENT 16 References. Barringer, B. R., (2015).Entrepreneurship: Successfully launching new ventures. Pearson Education, India. Bridges, W. (2009). Managing transitions: Making the most of change. Da Capo press. Brisson-Banks, C.V. (2009). Managing change and Tranitions: A comparison of different Models and Their commonalities.Library management, 31 (4/5),241-252. Candi, M., van den Ende, J., & Gemser, G. (2016). Benefits of customer codevelopment of new products: The moderating effects of utilitarian and hedonic radicalness.Journal of Product Innovation Management,33(4), 418-434. Carnall, Coin A. (2007). Managing change in organizations. Pearson Education. Chernev, A., (2015).The marketing plan handbook. Cerebellum Press. Child, J., & Lu, Y. (2018).Management Issues in China: Volume 2: International Enterprises. Routledge. Comuzzi,M.,&Patel,A.(2016).Howorganisationsleveragebigdata:Amaturity model.Industrial management & Data systems,116(8), 1468-1492.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
MANAGEMENT 17 Csaszar, F. A., & Levinthal, D. A. (2016). Mental representation and the discovery of new strategies.Strategic Management Journal,37(10), 2031-2049. Frankel,A.,&PGCMS,R.,(2019).Whatleadershipstylesshouldseniornurses develop?.Mental health,12, 50. Hayes, J. (2018). The theory and practice of change management. Palgrave. Karhu, P., Ritala, P., & Viola, L. (2016). How do ambidextrous teams create new products? Cognitive ambidexterity, analogies, and new product creation.Knowledge and Process Management,23(1), 3-17. Kotter, J.P. (1995). Leading change: why Transformation Efforts Fail. Harvard Business Review, (73)2, 59-67. Larsen, H. H., (2017). Key issues in training and development. InPolicy and practice in European human resource management(pp. 107-121). Routledge. Lopez-Vega, H., Tell, F., & Vanhaverbeke, W. (2016). Where and how to search? Search paths in open innovation.Research Policy,45(1), 125-136. Luo, Y., Liu, Y., Yang, Q., Maksimov, V., & Hou, J. (2015). Improving performance and reducingcostinbuyer–supplierrelationships:Theroleofjusticeincurtailing opportunism.Journal of Business Research,68(3), 607-615. Nawaz, Z. A. K. D. A., & Khan_ PhD, I. (2016). Leadership theories and styles: A literature review.Leadership,16, 1-7.
MANAGEMENT 18 Noe,R.A.,Hollenbeck,J.R.,Gerhart,B.,&Wright,P.M.(2017).Humanresource management:Gainingacompetitiveadvantage.NewYork,NY:McGraw-Hill Education. Petronio,S.(2015).Communicationprivacymanagementtheory.Theinternational encyclopedia of interpersonal communication, 1-9. Rüßmann, M., Lorenz, M., Gerbert, P., Waldner, M., Justus, J., Engel, P., & Harnisch, M. (2015).Industry4.0:Thefutureofproductivityandgrowthinmanufacturing industries.Boston Consulting Group,9(1), 54-89. Schein, E. (2002). The Anxiety of Learning. Harvard business Review, 80(3), 100-106. Srai, J. S., Badman, C., Krumme, M., Futran, M., & Johnston, C. (2015). Future supply chains enabled by continuous processing—Opportunities and challenges. May 20–21, 2014 ContinuousManufacturingSymposium.Journalof PharmaceuticalSciences,104(3), 840-849. Tan, K. H., & Zhan, Y. (2017). Improving new product development using big data: a case study of an electronics company.R&D Management,47(4), 570-582. Taran, Y., Boer, H., & Lindgren, P. (2015). A business model innovation typology.Decision Sciences,46(2), 301-331. Taylor, T., Doherty, A., & McGraw, P. (2015).Managing people in sport organizations: A strategic human resource management perspective. Routledge. Webb, S. P., (2017).Knowledge management: Linchpin of change. Routledge.
MANAGEMENT 19 Wowak, K. D., Craighead, C. W., Ketchen Jr, D. J., & Hult, G. T. M. (2016). Toward a “theoretical toolbox” for the supplier‐enabled fuzzy front end of the new product development process.Journal of Supply Chain Management,52(1), 66-81. Yahaya, R., & Ebrahim, F., (2016). Leadership styles and organizational commitment: literature review.Journal of Management Development,35(2), 190-216.