Strategic Management and Development of Education- Research Study

Added on - 16 Sep 2019

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STRATEGICMANAGEMENTANDDEVELOPMENTOFEDUCATION
Table of ContentsIntroduction.................................................................................................................................................1Phase 1 Proposal.........................................................................................................................................1Phase 2 Literature Review...........................................................................................................................2Concept and need of strategic management...........................................................................................2Requirement of organizational restructuring..........................................................................................3Issues present in the process of organizational restructuring.................................................................4Impact of organizational restructuring in enhancing business competitiveness.....................................5Phase 3 Analysis..........................................................................................................................................6Phase 4 Final Project Report......................................................................................................................10Communicate recommendation for change..........................................................................................10Assessed task 2 Strategic professional development portfolio..................................................................12Phase 1 Introduction.............................................................................................................................12Phase 2..................................................................................................................................................13Phase 3..................................................................................................................................................13References.................................................................................................................................................18
INTRODUCTIONBy generalized meaning, strategic management is regarded as the formulation andimplementation of organizational goals in company's processes. This is entirely managed by thetop authority of the organization wherein the actions are based upon resource capability of theentity (Hill, Jones and Schilling, 2014). Furthermore, the emphasis is also required to be laid onexternal and internal assessment of business environment which has a direct impact on workprocesses. The present research study has been made in this context in which focus has been laidon strategic aspects of the organization and how it provides opportunities for growth and success.The study has been emphasizing on Tesco which is a largest retail entity operating thebusiness in the UK. Tesco has been planning to adopt new approaches to restructureorganizational work aspects. Thus, considering the same, the discussion has been includedregarding the contribution of organizational structural aspects on enhancing opportunities forcompetitive advantage. Moreover, the study has also been focusing on the scope of restructuringorganizational work dimensions. Alongside, the researcher has also mentioned issues andchallenges that usually arise at the time of restructuring organization. Strategic models have beenapplied in the research work to analyze company's external and internal environment.PHASE1 PROPOSALTesco is a British multinational grocery seller company, and it is headquartered inEngland. The unit head has analyzed that Tesco has been following the hierarchicalorganizational structure in which job roles, positions, and activities are divided into differentparts. This aids the business entity to manage all the organizational operations effectively(Peppard and Ward, 2016). As per the structure, the top management of Tesco has all theauthority to delegate roles and responsibilities among people. Therefore, it can be said that toenhance the scope of business, Tesco has been following hierarchical organizational structure.However, there are various issues which Tesco has been experiencing because of hierarchicalstructure and that also impact other functions of the business entity.There are four layers present in the management which generates bureaucracy; hence itimpedes coordination and collaboration level. Therefore, there is a need to restructure1
organization so that layers present in the management can be reduced. This will also aid inenhancing flexibility in business processes and accordingly faster flow of information will befacilitated. Restructuring is required in Tesco because it is highly useful in undertaking effectivebusiness decisions. At Tesco, restructuring is required to implement new designs which canenhance business capability and effectiveness. There are numerous benefits which Tesco canacquire through restructurings such as reduction in cost, concentration on key products andservices, incorporate new technology, utilize organizational talent in the best way, to improvecompetitive advantage and to reduce financial burdens.The main reason here for restructuring is to leverage organizational capability so that inall the domains, activities can be managed suitably. Apart from this, non-monetary benefits canalso be acquired through restructuring the organization. The growth of the company is dependenton various factors; hence it is essential for Tesco to implement necessary changes inorganizational dimensions. This will also assist the employees to focus more on encouragingcompany's value and norms. In addition to the same, hierarchical structure also limits the scopeof innovation and creativity because of less involvement of employees in the decision-makingprocess (Eden and Ackermann, 2013). Thus, here it can be said that in the form of strategicmanagement, changes can be implemented in organizational dimension and that can alsoencourage growth and success prospects.Tesco will have to emphasize more on strategic planning so that short –term and long-term plans can be developed to improve existing management. Organizational sustainability isdependent on the ways through which business conducts all its operations and practices. Whilerestructuring business, it will be essential for Tesco to enlist all the aspects so that strategicmanagement process can be managed effectually. Afterwards, restructuring the business, Tescowill have to emphasize more on using organizational resources in an optimum manner.PHASE2 LITERATUREREVIEWConcept and need of strategic managementStrategic management is the process in which business has to undertake decisions relatedto allocation and management of organizational resources. It requires appropriate formulation of2
strategies which leads to governing all business norms. Hence, it is evident that with the help ofstrategic management, goals and business objectives can be achieved suitably (Wheelen andHunger, 2017). This will also allow the organization to monitor and evaluate businessperformance which could facilitate organizational progress. Strategic management could alsoassist business to enhance core competencies of the business entity through adopting newprocesses and activities.Requirement of organizational restructuringOrganizational restructuring is the process in which changes and modifications arerequired to be implemented in business activities. The success of every organization is dependenton its structure; hence afterward identification of issues and challenges, business needs torestructure the entity. Revamping and reconstruction are essential for the purpose of facilitatingsmooth functioning of the organization (Rothaermel, 2015). After a certain period, it is crucialfor a business entity to change the priorities so that new programs and plans can be implemented.With the help of organizational restructuring, a business can emphasize on quality aspects forbetter performance and productivity. While delegating duties and responsibilities, it is vital foran organization to adopt appropriate sequence as that will also aid in carrying out all thepractices in a suitable manner.As per the generalized overview, there are numerous advantages that can be acquiredthrough restructuring the company; hence in the current scenario, all the organizations areemphasizing on revamping existing business scenario. Furthermore, restructuring is also usefulin assisting the business to revive from the stage of declination (Bettis, Gambardella, A., Helfatand Mitchell, 2015). This is also useful in increasing the value of the business to a higher extent.At the time when challenges appear in the business entity, it is crucial to make use of newtechnology and processes to enhance the chances of growth and prosperity. In contemporaryscenario, all the organizations are struggling in attaining competitive advantage; hence for thesame perspective changes are implemented in business processes.Moreover, restructuring is also significant for the purpose of enabling the opportunitiesof expansion in different geographical areas. Therefore, in short, organizational restructuring isuseful in amending the chances of long term survival and success. It is also said thatrestructuring aids in positioning the company as a successful entity; hence business entity shows3
greater consideration towards the same. Preferences of customers are changing, and as a result, itleads the business entity to make favorable changes in the service dimensions. The restructuringalso aids in developing new processes regardless of technological development (Morschett,Schramm-Klein and Zentes, 2015). Technological development is one such aspect that lies in therestructuring process, and that also encourages organizational value in external market place.Here, it can be said that restructuring can assist in managing things in the well developed way.Communication is yet another benefit that can be acquired through the restructuring oforganizational processes. Organizational structure in crucial in maintaining appropriatecommunication and at the same it also enables the distribution of authorities. For instance- whilerestructuring the business, Tesco is required to funnel the process of communication throughdepartment leaders. This can also aid in minimizing organizational issues and challenges to agreater extent. When managers and employees experience issues in the organization, top leadersmust take decisions to make better use of talent. This is also vital regarding enhancingorganizational success and growth aspects. New opportunities can be enhanced throughdelegating duties and responsibilities appropriately among organizational employees.The restructuring also denotes that organization is unable to manage the existingbusiness practices; hence this is the main reason that leads the business entity to redevelop theexisting operations. Transformation aids the business entity to grow more in a competitive world,and it not only improves the organizational standard, but also it assists in grabbing the attentionof customers. Moreover, restructuring also drives the business more towards change inorganizational design for coping up with the transformed business environment.Issues present in the process of organizational restructuringRestructuring is the process that is associated with many issues and challenges becausevaried changes are implemented in business functions. Poor organizational design and structurecan bring multiple challenges to the entity; hence modifications are required to be executed on acontinuous basis. Restructuring is essential to assist the business entity to adopt the ever-changing business environment (Morden, 2016). Organizational complexity can also beencouraged through adopting new and different processes. One of the major issues arises due toless involvement of stakeholders. Stakeholders are considered as the most important people in4
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