Company NewCo has hired you to advise its senior management

Company NewCo has hired you to advise its senior management on how to communicate a strategy for unleashing the firm’s creativity. You have eight weeks to put your recommendations together, which will be on the agenda of the company’s next Leadership Retreat.

Fortunately for NewCo, you have just completed a course on this very subject. After thinking about it for a while, you thought you should structure your project using material from the course you just completed, augmented by some additional research.

Your assignment this week is to evaluate the creative talent at NewCo. What creative capabilities do your employees possess? Are there strenghts that are being underutilized? Are there areas of deficency in which training or new talent may be needed? Provide a creative inventory for NewCo that will help reach the goals of the project.

Approach to the assignment:

1. In addition to drawing on your readings from this course, you will be expected to conduct additional research to complete this assignment.

2. The section title must be centered and bold. Sub-sections, based on your content coverage, must be left aligned and in bold.

3. This paper should be at least 2 pages long, excluding your cover and reference pages, and must be fully compliant with APA standards for academic writing.

Solution

Introduction:

The concept of strategy is knowing the company business model,It refers to the revenue-cost-profit implications of its strategy.

Define:

     According to Thompson and Strickland,   A Company’s strategy consists of the combination of competitive moves and business approaches that managers employ to please customers, compete successfully, and achieve organizational objectives.

Dimension of Strategic Decision:

Levels of Strategy:

Corporate level of strategy:

          Strategic decision relate to organization - wide policies and are most useful in the case of multi-divisional companies of firms having  wide ranging business interest.  It  tended to be a value-oriented  conceptual and less concrete than decisions at the business of functional level. There is also greater risk, cost and profit potential as well as  greater need for flexibility associated with corporate-level  strategic activities.

Business Unit Strategy:

Decision makers are primarily concerned with the immediate industry issues  with policies bearing on the integration of the functional units.    Strategic Decisions at the business  level should include policies involving new product development, marketing mix, research and development, personnel etc.

Functional Strategy:

It involves decision making with respect to specific functional areas___ production, marketing, personnel, finance, etc.   

Operational level strategy:

    It is concerned with strategic approaches and initiatives for managing front-line operating units like plants, sales, districts, etc. And for handling day to day tasks of strategic significance like advertising campaign, purchasing materials, inventory control, maintenance etc.

Strategy  Implementation:

   It can be done through administrative policies regarding mobilization of resource, designing an appropriate organization structure, establishing the organizational process of performance measurement, compensation and management development so as to accomplish the objectives.

NewCo. employer must have knowledge of the skills required to perform every job, only the he  will be able to select” the right man for the right job. Determining the worth of every job will help the employer to fix the correct salary or wages the individual concerned.  A study of the job performed in an establishment  may be made based on:

Job analysis

Job Description

Job Specification

Job Evaluation.

Job Analysis:

     The process of determining the nature and contents  of a particular job is what  is known as job analysis.

Every Job requires the performance of certain tasks or activities which may be physical or mental or both.  Physical activities consist of lifting, loading, unloading packing etc.

Mental activities involve calculations planning decision making preparation of graphs charts.

Skill and Capabilities required:

    The performance of any job requires certain skills and capabilities on the part of the employee. A sales man is expected to have good communication ability.   A manager must have the capacity to handle a group  of employees.   Academic qualification are essential for jobs.

Training :

Job analysis  is useful in determining the training needs of an employee. If skills and capabilities of an employee  are below the required level, he/she must be given training to improve the same.

Job Satisfaction:

Job analysis further helps to maximize job  satisfaction among the employees. This is possible as the job requirements are matched with employee skills.  An employee who is able to perform his/her job effectively is bound to have higher job satisfaction.

Job Description:

Job Description is a written statement of the nature and content  of a particular  job.  It is prepared on the basis of information obtained through job analysis.

Job Specification:

It is process of determine the requirement sought in the individual for a given job.

Job Evaluation:

The object of job evaluation is to assess the relative worth of different  jobs performed in an enterprise in order to determine the correct pay.

B)   To guard against against granting more pay fixation even while fixing pay based on experience.

C)   To recognize merit in the matter of pay fixation even while fixing pay based on experience.

D)   To ensure that there is no discrepancy in the pay of two or more persons doing the same type of work.

E)   To Make sure that there is no discrimination in wage payment based on religion, sex, caste etc.

______________________________________________________________________________________