Strategic Management

Strategic Management for H.J. Hinchel Ltd



Table of Contents

Introduction2

Task 13

1.1Discuss models of strategic change3

1.2 Evaluate the relevance of models of strategic change to organisations in the current economy3

1.3 Assess the value of using strategic intervention techniques in organisations3

Task 23

2.1 Examine the need for strategic change in an organisation3

2.2 Assess the factors that are driving the need for strategic change in an organisation4

2.3 Assess the resource implications of the organisation not responding to strategic change4

Task 35

3.1 Develop systems to involve stakeholder in the planning of change5

3.2 Develop a change management strategy with stakeholder5

3.3 Evaluate the systems used to involve stakeholder in the planning of change6

3.4 Create a strategy for managing resistance to change6

Task 47

4.1 Develop appropriate models for change7

4.2 Plan to implement a model for change7

4.3 Develop appropriate measures to monitor progress7

Conclusion7

References8

Strategic Management for H.J. Hinchel Ltd

Introduction

This assignment discusses important perspectives of strategic management with specific reference to H.J. Hinchel Ltd, which is a multinational company operating in the U.S. a case-based scenario is provided in the appear that evaluates the current strategies being implemented at Hinchel and aims to re-assess these for the future. Also, the paper highlights that Hinchel Ltd is facing certain problems within their corporate environment which calls for a change in their strategic management and overall business and corporate strategy. We are given certain tasks related to the company, and we have to evaluate the need of strategic change for the organization, its implications and effects on business in the long run. We will go about the study in a systematic manner, addressing each task in detail so as to recommend the organization on the best possible strategic options.

The need to bring change in an organization does not come handy and easy. It has deep-rooted implications and consequences that have to be adequately addressed before the company could implement it in the true sense. All the stakeholder of the company has to agree to the effects of change and be committed towards its management. Only then a successful change management can have a positive effect on the profitability and performance of the organization.

Task 1

1.1Discuss models of strategic change

Strategic change needs to mould for existing people system, improved technology and improved work process together, and management of organisational culture is essential to succeed in business. Additionally, development and concentration with respect to belief among employees in organisation shall significantly account for and help create the effective performance of the company. Whenever discussing the workload that has been undertaken in terms of managing strategies, there have been several measures that have been undertaken for the purpose and objective of making justified amends accordingly (Gilmore, Pine, 1999, 297). This implies that all organizations and the happenings that have been undertaken require a distinct change and towards a defined line.

1.2 Evaluate the relevance of models of strategic change to organisations in the current economy

Recently, the trends due globalization especially the global economic recession and financial crunch has been the leading factors that were responsible for bringing organizational ...