Business Restructuring and Stakeholder Analysis
Added on 2020-12-09
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Strategic Change
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1LITERATURE REVIEW................................................................................................................1Identifying a specific strategic change and restructuring occurred in the HP........................1Strategic Change 5000 Job Cuts as part of restructuring plan................................................2Previous strategic framework or model that company adopted but did not work for them...2Change management models or theories................................................................................2Kurt lewis change model........................................................................................................2Dunphy and Stace Framework for Corporate Change...........................................................3Kotter’s 8 Step Process for Change Management..................................................................4MAIN BODY...................................................................................................................................5STAKE HOLDER'S ANALYSIS....................................................................................................74. Overview of stakeholders...................................................................................................7RECOMMENDATION...................................................................................................................9CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONHewlett Packard (HP) is an American multinational information technology companywhich is situated in Palo Alto. California. HP provides a wide range of hardware components aswell as software services to customers or to small and medium sized businesses. HP has beenfound in one car garage in Palo Alto by Bill Hewlett and David Packard and initially produced aline of electronic test equipment. HP is one of the leading PC manufacturer companies. Further,report will be discussing company’s restructuring process by applying several changemanagement theories and concepts. Further, the cited company introduces about their newrestructuring plan that is HP cut out 5000 jobs that is to be implemented through fiscal year2019. Overall, study helps to re control the matter of fact and also leads in achieving the goalsand maintain reputation of selected company. The main purpose of a project is to accomplish thetargeted objectives or goals. The main purpose behind restructuring process is to minimize thecost and be more focused on future growth areas such as 3-D printing. The restructuring planfollowed by 2015 splited Hewlett – Packard into Hewlett Packard enterprise which is also knownas HP Inc. LITERATURE REVIEWIdentifying a specific strategic change and restructuring occurred in the HPStrategic change is the happeningwhen company undertakes all changes in order to getthe same more innovative work culture. Organisational changes will increase transparency forthese business functions that relates to the company as a strategic roadmap, sharpening andexecutive team that focus on customer facing businesses (Al-Haddad, and Kotnour, 2015). HPwill define new creative generation of technologies and software. New strategic change helpscompany to reinvent financial resources and flexibility to adapt quick market as well as customerneeds and wants. From the past years, HP has adopted many strategic changes in their businesspractices as given below: HighlightsHP has built up a new leading position in servers, storage and new networking that leadsin systems growth. 1
HP has also been increasing personal system and printing company with a strongroadmap in order to introduce new technologies and new computer experiences (Alvarez,Afuah and Gibson, 2018). Strategic management change is about how the firm is proceeding in a present and whenthe current way is not adequate to the changes anymore. It involves new ways of thinking andacting to enable an organisation to take advantages of opportunities to address company’s issues.Strategic change management of HP is also concerned with the change of transformation. Strategic Change 5000 Job Cuts as part of restructuring planIn October 2016, HP's board has been approved this plan of restructuring through fiscalyear 2019. In this, it has been expected that company will be laying off 4000 jobs so that theycan focus on innovation (Burke, 2017). On October 31st, the current status of employees was49,000. Hewlett Packard Enterprise Co is planning to cut around 10 percent of its staff or at least5000 workers. Thus, to implement the plan of laying off employess from HP affected thedifferent learning styles and management objectives. This fresh structuring process and newrestricting planning herlps in following the leading approach.Previous strategic framework or model that company adopted but did not work for themThere are many restructuring implemented strategies that company applied in theirbusiness practices. B y applying this plan company focus on profits in business.Change management models or theories Kurt lewins change model Kurt Lewin formed a change model which consists of three steps to resist changes andinnovative strategies to get developed (Cameron and Green, 2015). Unfreezing, changing andrefreezing. This overall change model helps to create the perception that a change is needed. Inorder to move towards new desired process. Unfreezing In this first process, company needs to analyse the environment and leading new sourcesdevelopment goals. Such as HP conducted an internal review process in order to analyse thecauses of failure ERP project. After the evaluation process, it has been found that major problem2
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