Jingle Motors has been experiencing increasing competition from its rivals in the recent years. This has resulted in declining sales and profits for the company in the last two years. In around to turnaround the company, Mr. Kumar has been appointed as the new CEO of Jingle Motors. Mr. Kumar has the task of implementing multi-dimensional changes so as to increase its competitive advantage. Mr. Kumar has decided upon two main changes in order to overcome this challenge. First, he plans to restructure the company from a multi-divisional structure to one in which cross-functional teams will be responsible for developing new car models. Second, he wants to decentralize decision making authority to teams and make them responsible for achieving higher quality and lower costs. a. Discuss the nature of obstacles that Mr. Kumar is likely to encounter in implementing the changes. Which of these is most important to overcome? b. How can Mr. Kumar overcome these obstacles?
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Jingle Motors has been experiencing increasing competition from its rivals in the recent
years. This has resulted in declining sales and profits for the company in the last two years. In
around to turnaround the company, Mr. Kumar has been appointed as the new CEO of Jingle
Motors. Mr. Kumar has the task of implementing multi-dimensional changes so as to increase
its competitive advantage. Mr. Kumar has decided upon two main changes in order to
overcome this challenge. First, he plans to restructure the company from a multi-divisional
structure to one in which cross-functional teams will be responsible for developing new car
models. Second, he wants to decentralize decision making authority to teams and make them
responsible for achieving higher quality and lower costs.
a. Discuss the nature of obstacles that Mr. Kumar is likely to encounter in implementing
the changes. Which of these is most important to overcome?
b. How can Mr. Kumar overcome these obstacles?
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