All 1 entries tagged Of

CHANGE SIMULATION

I am on a very interesting module cuurently named as Management of Change. Change leads to competitive advantage. I have seen the unorganised manufacturing sector where there is a lot of resistance to change. The need to survival forces them to develop their capabilities. Today I was put into a simulation where I was made as the finance manager of a company whose functioning I could relate to the organisations that I have experienced.There were a lot of similarities. I would take them one by one. We as a team were leading an organisation that had no direction. The people in all departments were busy with daily work without having a mission and a sense of direction. The main motive was to make profits and achieve a target but employees were clueless. There was a lack of strategic thinking in the organisation. We kept on producing the low profit margin product and no one thought about innovating the product. Easily we could have understood our manufacturing capabilities and produced a fine product. The lead times were too long, and the supply chain was not responding to the needs of the organisation. The possible ways to look at would be to be more customer consciouss and make products after researching the needs of the customer applying QFD in order to gain competitive advantage. Then it is very important for the R&D to introduce new products in the market. The current situation was such that the existing product could can easily loose its importance in the market due to the product life cycle. The introduction of new products is necessary. There was no transparency in the organisation as to the orders that came in and ones which got cancelled. this leads to delays and confusion within the organisation. A tarnsparent system can be of great benefit where the current order processing is fairly visible. The traditional organisations face fair amount of redundant paperwork, there is also a need to double check the processes causing duplicacy. There was further lack of communication within the organisation where the shop-floor workers were not able to communicate the difficulties in the production process with the top level management. These all are the problems that are face in the unorganised sector. To lead the market and change growth strategies are necessary to overcome these challenges. Hoping to enjoy next couple of days in the simulation.

Saurabh Kukreja : 18 Mar 2019 22:37 |  Tags: Change Efqm Management Of |  Comments (0) |  Close comments |  Report a problem