Scenario: Tech Products Inc. is one of the world's leading technology companies known for its innovative products, including the TechPhone, TechPad, Tech computers, and software services. At present, Tech Products Inc. is now facing significant challenges in an evolving industry landscape due to increasing competition and the introduction of similar products on both the local, regional and global markets. The company is aware that internal and external drivers play a crucial role in shaping the strategic direction and overall performance of an organization, and that to remain relevant they must be able to understand and respond to these drivers in an effective manner. To assist them in formulating a comprehensive strategy that can help the company navigate the complex business environment it faces, Tech Products Inc. has hired you as a Strategic Management Consultant. Further to an initial meeting with Management, it was ascertained that Tech Products Inc. has not been keeping abreast with the changes in the external operational environment and did not analyze this against their current environment. Whilst they are aware that there are internal and external tools which can assist, they have no idea how to use them to their benefit. They are aware however that the current business strategy needs to urgently be reviewed to one which focuses more on design, user experience, and premium pricing to help set them apart from the competition. There is also a need to review the current global strategy to ensure that the company is reaping the best possible benefits, allowing the organization to capitalize on opportunities, manage risks effectively, and create a robust foundation for long-term success. Their current organizational structure is one which organizes its workforce by function, such as design, engineering, marketing, and retail, which to date has worked well, but they are now unsure if it is serving their needs. The company has been approached by various companies in the past who wished to create strategic alliances, but due to its top-ranking position in the market did not feel it was necessary at the time. Management is currently rethinking this position and requires some guidance as they aim to enhance their organisation and expand their market reach. Question: Assume that Tech Product In uses a Functional Structure. One of the advangate of a functional structure is "Roles and responsibilities are clearly defined". Thoroughly discuss Advantage stated above reason why it should maintain the functional structure 2. Again, assume that Tech Product In uses a Functional Structure. One of the disadvangate of a functional structure is "Senior Managers Overburdened with Routine Issues". Thoroughly discuss The disadvantage stated above Recomending one way it can be mitigated/ avoided
Scenario:
Tech Products Inc. is one of the world's leading technology companies known for its innovative products, including the TechPhone, TechPad, Tech computers, and software services. At present, Tech Products Inc. is now facing significant challenges in an evolving industry landscape due to increasing competition and the introduction of similar products on both the local, regional and global markets. The company is aware that internal and external drivers play a crucial role in shaping the strategic direction and overall performance of an organization, and that to remain relevant they must be able to understand and respond to these drivers in an effective manner. To assist them in formulating a comprehensive strategy that can help the company navigate the complex business environment it faces, Tech Products Inc. has hired you as a Strategic Management Consultant. Further to an initial meeting with Management, it was ascertained that Tech Products Inc. has not been keeping abreast with the changes in the external operational environment and did not analyze this against their current environment. Whilst they are aware that there are internal and external tools which can assist, they have no idea how to use them to their benefit. They are aware however that the current business strategy needs to urgently be reviewed to one which focuses more on design, user experience, and premium pricing to help set them apart from the competition. There is also a need to review the current global strategy to ensure that the company is reaping the best possible benefits, allowing the organization to capitalize on opportunities, manage risks effectively, and create a robust foundation for long-term success. Their current organizational structure is one which organizes its workforce by function, such as design, engineering, marketing, and retail, which to date has worked well, but they are now unsure if it is serving their needs. The company has been approached by various companies in the past who wished to create strategic alliances, but due to its top-ranking position in the market did not feel it was necessary at the time. Management is currently rethinking this position and requires some guidance as they aim to enhance their organisation and expand their market reach.
Question:
- Assume that Tech Product In uses a Functional Structure. One of the advangate of a functional structure is "Roles and responsibilities are clearly defined". Thoroughly discuss
- Advantage stated above
- reason why it should maintain the functional structure
2. Again, assume that Tech Product In uses a Functional Structure. One of the disadvangate of a functional structure is "Senior Managers Overburdened with Routine Issues". Thoroughly discuss
- The disadvantage stated above
- Recomending one way it can be mitigated/ avoided
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