In many cases of re-arrangement of resources which involve human repositioning in companies or the arrangement of new organizational chart has been literally addresses as company restructuring. The key management usually at early of the year shall look at the position of the employees and rearrange their positions. Especially after a critical loss in the previous financial statements or a new CEO being appointed or even the changes of board directors especially involving the Chairman.
The terminology of restructuring above has actually being interpreted wrongly. Restructuring can actually take two form; renovative restructuring and redistributive restructuring.
Renovative restructuring mainly contributes to equitable economic growth of the firm, while redistributive restructuring benefits certain groups of people that is those who remains in the company and not being expel during the redistributive exercise.
Redistributive restructuring involves six forms mainly;
1. Divesture
2. Buy Outs
3. Outsourcing
4. Relocation
5. Downsizing
6. Bankruptcy
Despite the objectives of restructuring is to strengthen the company and working out to the best position in making the company back to acquire good cash for a new move, the norm of the practice always started with redistributive and followed by renovative. For such reason, restructuring has being debated and its found to be inclined towards a negative impact and non economic equitability.
Case Study ( assignment question):
You are required to select a small entity company, sole proprietor or even unregistered business. Analyse its current strategy. If the entity is not exercising any strategy, propose the right strategy for them.
(Bahasa Malaysia)
Anda dikehendaki memilih sebuah entiti kecil perniagaan, milik persendirian atau juga perniagaan yang belum didaftarkan. Buat analisa apakah strategi yang diguna pakai. Jika tiada cuba cadangkan, apakah strategy yang betul untuk mereka.
Anda dikehendaki memilih sebuah entiti kecil perniagaan, milik persendirian atau juga perniagaan yang belum didaftarkan. Buat analisa apakah strategi yang diguna pakai. Jika tiada cuba cadangkan, apakah strategy yang betul untuk mereka.
Note: You must insert the:
1. Documents of company registration (or)
2. Picture of you with the owner (or)
3. The entity (company's) Financial Statements (or)
4. Any documents or pictures that could be a proof of your work.
Font: Arial or Century Gothic or Calibry
Size: 12
Spacing between lines: 1.5
Word counts: 2,500 - 3,000 words.
Word counts: 2,500 - 3,000 words.
Submission date: Week 5
Please be reminded that any CUT AND PASTE WORK from Internet or PLAGIARISM shall BE REJECTED.
For additional understanding to do the assignment above, you could also read the article in this blog: Analysing Company's strategy - Sunday, December 16, 2012.
For additional understanding to do the assignment above, you could also read the article in this blog: Analysing Company's strategy - Sunday, December 16, 2012.
1 comment:
Stay away from 'Yes men'
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Get involved, stay engaged
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Communication is key
It's easy to underestimate this, but communication failures are the biggest IT project killers; whether they are onsite or offshore. Putting good communication frameworks in place is ever more critical while working with global teams. One of the most important things you should do is to demand a seasoned project manager located offshore who works directly with the developers. This person should manage all communication since developers are not the best communicators and should provide you daily status reports. I
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Do your homework and document well
Offshore teams are best trained to develop robust software applications based on elaborate business requirements documents. But most clients tend to engage developers pretty early in the process with a vague project concept in mind, and assume that the developers would know exactly what they want. There is no substitute for a clearly documented project vision that should come from you. For this reason it is extremely beneficial to create a project initiation document or RFP (Request For Proposal) before you engage an offshore team.
offshore company
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