Western Indian Vegetable Products into WIPRO by Azim Premji, he saw the opportunity in the IT field. US$ 7.3bn revenue 2013-14 Loss at Jaguar= $715mn. Ford combined & sold both because of interwined manufacturing technology.
By using various frames to analyze a business, management can best identify areas of ineffectiveness and inefficiency, and affect change. "Reframing Organizations: Artistry, Choice, and Leadership." Written by Lee G. Bolman and Terrence E. Deal,
A method or Plan chosen chosen to bring about a desired Future, such as
GOAL / SOLUTION PROBLEM
• High Improvement Potential.
• Change the Business unit, Geographies & Functions completely.
• Change addresses all aspects like People, Processes,
Organisation, Technology, Finance.
• It is the Link between the strategy Formulation and Implementation
• It Plays a major role in defining strategy effectiveness.
When it is used ?
• External Changes on the Market such Organisation Product / Services.
• New Regulation Coming into Force.
In return It Helps in
• Increase Revenue and Market share.
• Improve Customer Satisfaction.
• Cutting Cost.
4 Steps To A Successful Transformation
Step One: Getting the right strategic vision is critical
Step Two: Execution is the hardest part of transformation.
Step Three: The biggest challenge to transformation may
be a leader wedded to a past or current success
Step Four: Take a broad view of customer demand when
embarking on business transformation.
Strategic Organizational Renewal
“SOMETIMES THE MOST DIFFICULT LEADERSHIP CHALLENGE IS NOT
FIGHTING THE COMPETITION, BUT TELLING YOUR PEOPLE IT’S TIME TO
According to Covin & Miles, “The phenomenon whereby the organization seeks
to redefine its relationship with its markets or industry competitors by
fundamentally altering how it competes.”
Strategic renewal is a firm’s transformation in terms of changing its scope of
business or strategic approach on which it is built.
Instances when SOR can be
3. Company Purpose
Process of Renewal
• Human Capital
• Change in
• Beyond short-
STEP-3 Renew Organization
• Prioritization of needs
• Sequences of activities
• Training & Org.
The management of a business assesses its operation via multiple outlooks.
Restructuring is the corporate management term for the act of
reorganizing the legal, ownership, operational, or other structures
of a company for the purpose of making it more profitable, or
better organized for its present needs
Ensure the company has enough liquidity to operate
during implementation of a complete restructuring
Produce accurate working capital forecasts
Provide open and clear lines of communication with
creditors who mostly control the company's ability to
Update detailed business plan and considerations
Business Process Reengineering
Layoff 85k employees
Pfizer’s decision to spin off four
non-pharmaceutical firms this
HCL verticalized to meet the specific
demands of five different industries:
retail, media and telecom, manufacturing,
finance and life sciences.
ATMs offered by banks
are their virtual units.
Strategy Employed when brand has reached maturity and profits
begin to decline.
It include approaches like market expansion, product modification or
Strategies on Reframing Change in Your Organization by KJ Henderson,