Dynamic Strategy & Disruptive Innovation for Essendon Food Solutions
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Added on  2022/10/02
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This presentation suggests different strategies for Essendon Food Solutions to address the internal, external, technological, and marketing perspective. It also helps in increasing the innovative level in the organization, which is extremely low in comparison to the approaches of the competitors.
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Title: Dynamic Strategy & Disruptive Innovation Assignment Name: Student Name: Course Name and Number: Professor: Date:
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Introduction Essendon Food Solutions have dominated the market for many years, but due to the increasing globalization and advancement in the field of technology, the organization is facing a humongous threat. The organization functions with its two subsidiaries, which are â Essendon Emulsifiers & EnzymeTech. It is due to this reason that organization is need of disruptive innovation and dynamic strategy.
Internal Perspective Managerial Structure of the Organization The managerial structure of the organization is the top-down approach. Under this approach, the top management of the organization holds main decision-making power and the bottom management is forced to blindly follow the decisions of the top management (BoĆĄtjanÄiÄ and Slana, 2018). Current Workforce Another internal aspect that is impacting innovation in the organization is its current workforce. The majority of the employees in the top management are of the average age of 53 years (Kehinde, 2012).
Strategies for Internal Factors Recruitment & Training The organization first needs to change its approach of directly hiring employees from universities, giving very less importance to experience(Christensen et al., 2018). Top-down to Bottom-up Approach The organization needs to transform itself, it is due to this reason that the top- down approach should be replaced by the bottom-up approach (Heyden et al., 2017).
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External Perspective Less Involvement of Stakeholders in the Organization The current relationship of the organization with the stakeholders is just limited to sharing profits. Apart from this, the stakeholders have no say in any of the organizationâs processes and strategies (Terje Karlsen, GrĂŠe and Jensvold Massaoud, 2010). Intense Competition There are new entries in the market that are offering customers with better and cheaper products.
Strategies for External Factors Strong Relationship with the Stakeholders The organization needs to build better relationships with the stakeholders. With the increasing competition and decreasing profits, the organization is in dearth of financial resources (Herremans, Nazari and Mahmoudian, 2015). Identify New Opportunities in New Geographical Regions Currently, the organization is mainly functioning in Australia and according to the current reports, the Australian market is going to be stagnant for a decade.
Marketing Perspective Very Less Distributors The distributors are the main marketers of an organization. In addition to this, the marketerâs approaches for managing the customers are traditional, which are very weak according to the current level of competition in the market. Ignorance of Customer Experience All the organizational processes and activities are conducted with traditional approaches. It is due to this reason that the organization is not aware of the customerâs needs and demands.
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Strategies for Marketing The Organization should utilize Empathetic Designs Empathetic design is an effective approach that helps in understanding the feelings of the customers. This is a customer-centered approach that helps in building products, which will fulfill the customerâs needs and demands (Girton, Smeraldi and Starkey, 2019).Implementing Customer Visit Program The organization Essendon Food Solutions are unaware of customerâs changing needs and demands. To fulfilling this aspect, the organization should utilize customer visit program. Customer visit programs help in attaining customer insight (Mota Pedrosa, 2012).
Technology Perspective Low Utilization of Technology in the Organization The organizationâs functioning approaches are traditional and laid back. It is also due to this aspect that the majority of the organization consists of the workforce, with an average age of 53 years old, who do not have much knowledge or skills in the latest technology (Naor, Linderman and Schroeder, 2009). The development programs are laid back All the development programs mainly focus on academic development in the microbiological field. Therefore, the organization does not encourage or pushes the employees to learn new technological tools and techniques (Patel, 2017).
Effective Technological Approaches TRIZ The TRIZ is a technological approach that is effective in solving problems, as it is great forecasting and analyzing tool (Yang, 2013). Patent Analysis Due to the increasing competition in the market, which is affecting the organization's profits immensely, the organization is in need of utilizing a technological approach that helps in attaining competitive advantage (Verbeke, Coeurderoy and Matt, 2018).
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Strategic Leadership Jonathan Jonathan is one of the key leaders of the organization. He has a huge responsibility of leading the organization incorrect direction. As a leader, Jonathan approaches to transforming the organization working environment are still traditional, which does not match with the innovative approaches of the competitors. In addition to this, the approaches have not incorporated the latest trends. Jonathan still believes in improving the organizationâs working conditions by taking help from senior management. It is due to this reason that Jonathan lacks skills in design thinking, which incorporates dynamic strategy approaches. Jonathan understands the need for financial resources in the organization, but he is unable to think out of the box for resolving them.
Henry Henry is another prominent leader of the organization. Similar to Jonathan, Henry also has the responsibility of changing the organizationâs processes and activities. Henry believes in incorporating innovation in the organization by utilizing dynamic strategy. Henry has design thinking skills, which helps in analyzing and forecasting the different issues an organization can face in the future. Henry suggested the need to hire a professional, who has a strong experience in the industry, the latest technology, and other associated industries. This will help in changing the working environment of the organization, by increasing the level of innovation. Henry has the ability to examine an issue by analyzing the inside and the outside box appropriately. Henry is familiar with the current trends and the emergence of them to be incorporated in the organizational processes and activities.
Conclusion AllthedifferentstrategiessuggestedforEssendonFood Solutionswillhelpinaddressingtheinternal,external, technological,andmarketingperspective.Thedifferent approaches will help in increasing the innovative level in the organization,whichisextremelylowincomparisontothe approachesofthecompetitors.Theorganizationneedsto manage the intense competition in the market and improve its products. These different disruptive innovation approaches and dynamic strategies will help the organization in developing an environmentofcontinuousimprovement,whichwillhelpin improving the innovation level from time to time.
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