The Challenge of Change and Strategic Planning for Deseret News
VerifiedAdded on 2022/09/02
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Homework Assignment
AI Summary
This assignment analyzes the challenge of change, focusing on the Deseret News organization. It begins by acknowledging the rapid pace of change in the universe and its impact on businesses, emphasizing the need for leaders to understand and manage change effectively. The paper examines the challenges Deseret News faced, particularly the loss of advertising revenue due to the rise of digital publishing. It then outlines a best-case vision for the company over the next five years, considering both internal factors like customer behavior and culture, and external factors like economic conditions and competition. Conversely, the assignment also explores a worst-case scenario, highlighting the consequences of failing to innovate and develop a strategic plan. Finally, the assignment proposes a change management approach for Deseret News, emphasizing the importance of proactive strategies and the development of new commodities to influence consumer behavior. The conclusion stresses the need for a strategic approach to address both internal and external factors affecting the organization's performance.
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