Strategic Management 4e
Strategic Management 4e
4th Edition
ISBN: 9781260779646
Author: Frank T. Rothaermel
Publisher: Mc graw hill
Question
Book Icon
Chapter 11.6, Problem 3CC
Summary Introduction

Case summary:

Company Z has a unique way of delivering its shoes which was marked by its CEO, Person H, as a unique approach to delivering happiness. The company focuses on achieving customer satisfaction which is the key to the success of its business.

Company Z was acquired by company A in 2009 but due to its excellence in operations, Company Z operated as an independent unit. The company is known for implementing innovative ideas and implementing new work culture.

To empower workers, the company planned to change its operating model to holacracy, which allows the workers to act as an entrepreneur and take decisions on their own. It highly emphasized a bottom-up approach rather than following a top-down approach. The coordination of the employees often overlapped horizontally.

The new plan proved hard to be implemented as company Z is the first one to practice this technique. However, the new plan had its backdrop for most of the employees and the company operation began to slow down. When offered a three-month severance package to quit the job, nearly 18% of the workforce left the job.

The workers complained about the implementation of the new practice and scope for improvement in the job. The management and the CEO are positive in the implementation of the practice.

To determine: The difficulties faced by company Z in implementing Holocracy and the actions which could be taken to solve the problem.

Blurred answer
Students have asked these similar questions
Choose a well-known company or a local business. Research its official corporate values (usually found on the company's website, in annual reports, or employee reviews on platforms like Glassdoor). List at least 3–5 core values that the company promotes (e.g., innovation, teamwork, customer-centricity, diversity, or competitiveness). Provide real examples of how these values are reflected in the company’s work environment. Positive Aspects: Explain how these values benefit employees. Consider aspects like motivation, job satisfaction, and career growth. Challenges or Negative Aspects: Discuss potential downsides of these values. Could they lead to stress, work-life imbalance, or high pressure? Provide thoughtful reflection on company culture.
The Oaks Academy highly values diversity and actively seeks it in its student body, faculty, and staff. How have your experiences equipped you to succeed in a diverse learning community?
First - Review the GoVenture Video Tutorial to learn how to use the Business Simulation Program, and then Review the second GoVenture Tutorial Video to start and manage your first small business venture simulation "My Lemonade Stand".Next - click on the GoVenture Lemonade Stand's Free Trail Version to start and manage ONLY the Lemonade Stand part of the trail version. DO NOT START THE KIOSK SIMULATION. The goal is to master the art of managing and operating a small business venture first, before attempting to grow your business.After you get the hang of managing and operating your Lemonade Stand, you will be required to capture screenshots and make notes of your progress until Week 6.:Your Posted Screenshots and comments should be of anything related to at least one or more of the following (if applicable):Start-up CostsWorking CapitalEnd of Day OperationsStarting CapitalInventory (purchases, gains or losses)BudgetEmployees (if applicable),Financial Status (Gains / Loses)Overall…
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub
Text book image
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing
Text book image
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Understanding Management (MindTap Course List)
Management
ISBN:9781305502215
Author:Richard L. Daft, Dorothy Marcic
Publisher:Cengage Learning
Text book image
MARKETING 2018
Marketing
ISBN:9780357033753
Author:Pride
Publisher:CENGAGE L