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Managing and Strategic Change Assignment

   

Added on  2020-09-08

19 Pages5937 Words102 Views
Managing and strategicchange

Table of ContentsINTRODUCTION...........................................................................................................................3Part A...............................................................................................................................................32.1 Key change plans in leadership, culture and management ..............................................32.2 Implications of change....................................................................................................62.3 Challenges of managing and leading strategic change.....................................................72.4 Difficulties of organisational changes..............................................................................9Part B.............................................................................................................................................102.5 Change management .....................................................................................................102.6 Difficulties go through after acquisition.........................................................................12CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14

INTRODUCTIONThe aim of the research is to analyze importance of changes in management and inleadership to enhance growth and revenue of an organization among its competitors. Businessenvironment is dynamic and it keep s on changing according to the taste and preferences ofconsumers. However, in generating expansion of business all these needs and demands arerequired to be fulfilled effectively. Therefore, this study determines the changes that need to beadopted by companies when an international firm acquires local organization. On the other hand,the change of local company towards listed firm must be determined in regard to improvemanagement and leadership functions. The purpose of study is to determine several key elementsand procedures to overcome all hurdles that are prevailed due to such changes in businessenvironment.Part A2.1 Key change plans in leadership, culture and management Leadership plays an effective role in managing business environment effectively andefficiently. As business environment is dynamic, tastes and preferences of people keeps onchanging, however, it is responsibility of an organization under Hong Kong to cope up with suchchanges efficiently. In order to cope up with such changes effective leadership skills is verybeneficial to be adopted by business firms in Hong Kong such as- Tsui Wah restaurant which isthe most famous tea restaurant situated in Wellington Street, near Lan Kwai Fong. It hasattracted several tourists and celebrities from local clubs. Many pop stars like Ron NG, DanielWu etc. are attracted towards this restaurant (Dreachslin and et.al., 2017). However, it has greatconnections among Hong Kong clubbing cultures. Several varieties of foods and beverages areavailable at this restaurant and is comparingly more expensive than other restaurants in HongKong. During the year 2012, Tsui Wah has become a listed firm in Hong Kong exchanges andclearing limited. Likewise, this restaurant has developed several changes like- leadershipchanges, management changes etc. in this company. Behavioral leadership theoryCited firm has adopted behavioral leadership theory to implicate the changes that arerequired to be adopted under Tsui Wah coffee shop in order to expand their business under listedcompanies. This theory focuses over the perception and attitudes of leaders towards theirsubordinates in making them understand every actions or reactions that are undertaking under

production processes.It further reflects that every leader must implement or initiate specificideas before generating any changes under organizational functions of cultures. In regard tomanage those changes various measures can be enhanced taken such as: -Changing hiring practices reflecting stated values: - in order to enhance culture,management and leadership among organization variations must be developed in order tohire candidates who are suitable for vacant jobs (Bowers, Hall and Srinivasan, 2017).Tsui Wah restaurant in Hong Kong also change the system of hiring person they selectthoese candidate having experience these sectore deliver variety of food products to itsconsumers need to enhance its production on timely basis in order to ensure highproductivity and attracts more consumers towards them.Beginning: - changes in culture frequently is most common undertaking under businessenvironment. However, it is the duty of its leader to cope up with such changeseffectively in order to overcome those fluctuations. Serving consumers with high qualitygoods generates his objective and goal the reputation of company.Tsui Wah mostpopular restaurant in Hong Kong produces variety of food products in order to fulfilldemands and needs of its targeted consumers . This is started with the Icecafe in bustingstreets and then transferred into restaurant.(Scott-Jackson and Michie, 2017). Thus, citedcompany has adopted various technologies in order to generate creative and attractivegoods which will enhance morale of consumers and generates more productivity as wellas future growth.Improve your on-boarding: - the manner of hiring an employee to cope upon amongchanges that are prevailing under business organization is the most crucial factor that hasto be determined effectively (Bird and Mendenhall, 2016). As business environment isdynamic and several techniques are developing in order to generate high qualityconsumer products. Therefore, companies in Hong Kong also chnge in leder ship style .its leadership skills to motivate his employees in generating high productivity andinnovative goods to acquire large markets. They also provide confidence in self andreduce to shy nature these develop through the training program Tsui Wah restaurant inhong Kong provides variety of food products which are demanded by consumers on dailybasis. In order to fulfill those demands effective changes among management, culture andleadership in the business organization should be necessarily adopted.Mainly Tsui Wah

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