1. GROUP MEMBERS:
Tehreem Ahmed Alvi. FA15-MBA-014
Asma Rashid FA15-MBA-020
Rida Rashid FA15-MBA-021
Asma Javaid FA15-MBA-023
DEPARTMENT:
Business Administration Department
SUBMITTED TO:
Ms. Rabia
3. Contents
Introduction
Definition of status quo
Status quo in organization
Challenge the status quo
Advantages
Disadvantages
People who challenge status quo
Current status quo
Status quo effect
Unfreezing status quo
Planning for status quo
Three sides of status quo
Issues of status quo
Marketing strategy of status quo
Status quo analysis
Problems with the status quo
conclusion
4. Introduction
It is a Latin phrase meaning the existing state of affairs
It is particularly regard to social and political issues.
It is the nominal form of the prepositional Latin phrase "in status quo" – literally "in the state in
which",
It can cause investors to hold securities, either inherited or purchased, because to an
aversion to transaction costs associated with selling.
It can cause investors by taking no action, to hold investment inappropriate to their own risk.
To maintain the status quo is to keep the things the way they presently are.
5. What is status quo?
It is a cognitive bias;
An irrational preferences for the current state of affairs.
A large body of evidence
Shows that an irrational preference
For the status-quo
Frequently affects human decision-making.
6. Status quo in organization
“organizations that destroy the status quo win. Whatever the status quo is,
changing it gives you the opportunity to be remarkable”Seth Godin
7. Challenge The status quo .
To build a long term vision and meet challenges with courage
and creativity. Keep a
constancy of purpose.
challenge the process to meet goals.
Challenging terms to identify and eliminate problems.
Meet the challenges our vision may bring. Inspire people to
win.
Complex packages of policies are avoided because impact
is more difficult to assess as is attribution of successful
governance.
8. Advantages
The advantages of status quo are:
the advantage of status quo is that it avoids a potentially damaging battle
with strong competitor.
Keep the sale high and make profit.
10. Types of people who challenge status quo in the organization
People who have nothing to lose
People who know that the art of challenging, equals not infuriating, annoying or putting people off.
People who have the intellectual and/or moral power, credibility, and standing.
Professional challengers, specialty not required (also known as Yes But gene carriers)
People ( and that includes consultants) who are not afraid to say what authorities may not want to hear.
People who enjoy the intellectual discourse per se and play Chess with ideas. Full stop.
People who have bosses who genuinely ask to be challenged, pushed back and who look for alternative world views.
Combination and ‘others ‘ (so that my classification is complete)
12. Status quo effect.
Preference for not changing a decision already made.
People have tendency to select an alternative that is anchored as the default for them.
13. Unfreezing the status quo
Restraining forces:
Forces that hinder movement from the existing equilibrium.
Driving forces:
Forces that direct behavior away from the status quo.
14. Planning for the status quo
Planning involves steps to replace any employees who are either promoted or who leave the
firm.
An example is Management succession planning which seeks to ensure that there is at least
one qualified manager to replace any higher level manager in the organization.
16. Issues of Status quo
Low credibility of WOM industry.
Shrinking marketing budgets.
Uncertainty of core competence.
17. Marketing strategy of status quo
This is the strategy used to keep the current position of marketer in the market.
Ex. Maintaining the same market share.
19. Problems with the status quo
Welfare undermines the institution of marriage and hence, actually increases and
perpetuates the very poverty it is intended to remedy.
Welfare, rather than the temporary way-station to personal independence and self-reliance it
was meant to be, has instead become a trap and a permanent lifestyle for too many people.
20. Conclusion
high quality data is key for success
Making content available for re-use
Challenge the status quo
Continue to challenge your current suppliers
Constantly test the global markets to determine the best value.
Align objectives with project terms.