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Technical Note No Assets No Products No Business Plan Risks Associated With Special Purpose Acquisition Companies Case Study Help

CASE ANALYSIS

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Technical Note No Assets No Products No Business Plan Risks Associated With Special Purpose Acquisition Companies Case Study Solution

Background and Facts

Technical Note No Assets No Products No Business Plan Risks Associated With Special Purpose Acquisition Companies an office supplies seller for tiny as well as moderate sized businesses has actually lately been involved in preparing for a merger with its rival Home Deport, which has actually affected performance degrees in departmentswith the elderly supervisor associated with legal issues put forth by the government Trade Commission. With the Advertising Head advancing the news of his departure from the firm in one year, Jeannie Lewis, the present head of operations has actually been asked to take the role in the near future. With challenges in the kind of a potential social adjustment as well as low worker morale, the organization requires a complete reengineering effort at the advertising division.

Trouble Statement
Porter's 5 Forces Analysis
The potential cultural adjustment at the advertising and marketing division of Technical Note No Assets No Products No Business Plan Risks Associated With Special Purpose Acquisition Companies is enhancing unpredictability in the workplace bring about numerous difficulties for the Jeannie Lewis who would certainly be replacing the head of the department in one year. nalysis

PEST analysis

Political Factors: Political factors play a major function in impacting calculated decisions given that Stapes Inc. had to desert its plans of merging with Workplace Deport after the Federal Trade Payment's treatment in the process. Given the reality that the store has a worldwide visibility with branches in UK, UNITED STATES, Canada and Germany, political factors in each of these countries may have the ability to affect efficiency or tactical goals. Federal Profession Compensation's antitrust match versus the merger occupied valuable time of the company's elderly monitoring suggesting that 'political' factors can have significant ramifications for an international company.

Economic Factors: Economic factors such as the emergence of local business in the global situation suggest that Technical Note No Assets No Products No Business Plan Risks Associated With Special Purpose Acquisition Companies is thriving in an environment where there is potential development of businesses. Reality that shop customers are mainly looking for workplace products for house offices suggests that the market has an increasing pattern of entrepreneurs and also residence based organisations.

Social factors: Social trends in the economic climate reveal that customers are trying to find ease as well as appealing rates. Marketing research shows how the client for Technical Note No Assets No Products No Business Plan Risks Associated With Special Purpose Acquisition Companies lacks recognition about locating solutions which can use a combination of benefit and inexpensive.

Technical factors: Modern technology plays an important function in Technical Note No Assets No Products No Business Plan Risks Associated With Special Purpose Acquisition Companies's service method especially as the organization is piloting Modern technology facilities which would certainly supply technology sales and also support in the type of memory upgrades, peripheral installations. (Summary of PARASITE in appendix 2).

OB Issues and also Symptoms.

Numerous underlying Organizational Behavior issues can be seen in Technical Note No Assets No Products No Business Plan Risks Associated With Special Purpose Acquisition Companies's case as highlighted in this area.

Apprehensions about social change: There is apprehension concerning a cultural adjustment that would take place when Todd Krasnow leaves from his placement as the Executive Vice President of Marketing with a lot of the employee currently showing discontent over this possible action. This anticipated change has created stress and anxiety in the office which has been combined with the previous anxiety of preparing the company for a potential merger with Home Deport.
Pest Analysis
Demanding Work Setting for Newcomers: There is lack of workers that can match the demanding setting of a fast-paced organization. Not only does this bring about problem in discovering the best individuals, it puts stress on brand-new hires as can not hold up against the rate as well as pressure that the company expects them to bear.

Dual Reporting Lines: Beginners find this business society difficult and difficult to deal with especially as populated line partnerships are meant to be weaker as a whole and also unbiased setting and efficiency assessment is still done by the strong line manager. This means that beginners could lose clarity about their corresponding duties as well as objectives specifically as populated line coverage does not maintain them in direct communication with the strong line managers.

Animosity From Cross Departmental Hiring: Krasnow's choice to make Lewis his successor instead of Bridget Coles even though it had been guessed that the last would take Krasnow's placement came as a blow to her spirits. Lewis might have been qualified and also suitable for the task but the fact that Kransnow's separation would make Coles a straight record to Lewis may have been the reason for Coles' resignation from services.

Worry & Task Instability: Fear and also insecurity can be identified as two major problems that Lewis would be dealing with especially as the merging has currently be cancelled and 2 senior execs of the marketing division would be leaving. The entire obligation of the department would certainly be dropping on Lewis's shoulders that would not just supervise of brining regarding a cultural change but would certainly likewise have to show herself in her brand-new duty.

Inappropriate Monitoring Design of Leader: Lewis's management design and its incompatibility with the advertising and marketing division's role can likewise be seen as an OB difficulty specifically as she has been utilized to taking care of issues in the procedures department where personnel are instructed to focus on processes and get them. The marketing division on the other hand can be seen as a team of people that are utilized to being nurtured by Krasnow that concentrated a lot more on output than procedures.

Interdepartmental Disagreements: Interdepartmental disagreements in between 3 departments, marketing, merchandizing and also procedures respectively over the allotment of the advertising and marketing mix can be recognized as another OB concern. The advertising and marketing department does not share the same vision as the various other 2 departments relating to the aloocation of the marketing mix twoards promos and also advertsing, the merchandizing as well as procedures departments do not concur over the advertising mix appropriation among one another either.

Disintegration in Advertising Division: Fragmentation in between the marketing and advertising departments can be determined as one more OB problem which could require further focus. The reality that the advertising and marketing areas in the advertising division are separated is protecting against both departments from getting from each other's experience as well as competence. Combination of advertising and marketing with retailing as well as operations would certainly come to be more difficult if the advertising and marketing department itself is degenerated which can be an additional potential OB concern.

Technical Note No Assets No Products No Business Plan Risks Associated With Special Purpose Acquisition Companies Analysis

Different concepts have been made use of to explain the conditions to get additional quality regarding the circumstance at hand.
Swot Analysis
McGregor's Theory X & Y: According to Douglas McGregor's Theory X, many supervisors think that subordinates are passive as well as careless, have little passion and withstand adjustment. The difficult variation of this theory stressed browbeating, tight controls, risks as well as punishments. With time it produces low efficiency, refined sabotage and also rivalry (Offer, 2003). Although the situation at Technical Note No Assets No Products No Business Plan Risks Associated With Special Purpose Acquisition Companies is not completely adhering to Concept X, it can be seen that brand-new hires are finding this environment rather stressful which might at some point result in a better inclination of the monitoring towards Theory X. According to McGregor's promoted view, which he called Theory Y, the vital job of the monitoring is to organize organizational conditions so that people can achieve their very own objectives best by routing their efforts towards organizational benefits. If people discover no fulfillment in their work, the monitoring would have little selection however to rely upon theory X as well as exterior control (Deal, 2003). Also while evaluating Lewis's monitoring design, concept X may have appropriated in the operations division somewhat however the Advertising division would certainly need dependence on Theory Y so as to get the imagination and also originality from the teams.

Tuckman's Team effort Concept: Regarding Lewis's worry concerning bringing harmony in between the advertising and marketing department is concerned, this would originally lead to conflict as talked about by Bruce Tuckman in his 'Synergy Concept'. (Tuckman, 1965). According to Tuckman's theory displayed in appendix 3, throughout the first stage of team development, individuals might not bond, as they are busy finding their place in the team. By combining the advertising and marketing division's work, there may coincide preliminary disconnect which might lead to the second phase of 'storming' where the teams challenge each other. It is just during the 3rd phase or 'norming' when they would certainly come with each other to share suggestions prior to the group can bring around harmony in the fourth stage 'doing'.

Bridges' Change Design: Based On William Bridge's concept (appendix 4), people are rather uncomfortable with adjustment, which is noticeable by the situation at Technical Note No Assets No Products No Business Plan Risks Associated With Special Purpose Acquisition Companies The scenario can be seen as a typical course of life if is examined as per Bridge's theory where he clarifies that individuals go through three stages of shift when they experience change. 'End, losing as well as Releasing', The Neutral Area as well as 'The New Beginning' (Bridges, 2004). When individuals are presented with modification, they enter phase one and so there might be emotions like sadness, uncertainty, stress, anger, concern, rejection and also disorientation.The circumstance at the marketing department of Technical Note No Assets No Products No Business Plan Risks Associated With Special Purpose Acquisition Companies is comparable so Lewis can get comfy with the concept that it is not amazing habits. In the 2nd phase, there may be a demand to bridge the void between the brand-new as well as old society so Lewis may have to encounter this ordeal once Krasnow leaves. There might be low spirits and reduced efficiency at this phase which should not be taken as a trouble. It is throughout this phase that Lewis will need to provide guidance to the division to make sure that they can locate a sense of direction. It can be seen exactly how Krasnow has already made this change easier by making Lewis get involved in the department a year before his actual departure. As per Bridges' Design, phase three will bring about openness to knowing, High power and commitment as people will accept the change (Bridges, 2004).
Vrio Analysis
Abraham Maslow in his Theory of 'Demands Power structure' (appendix 5) has discusses the value of 'safety needs as being a lower level demand of a human for triggering inspiration. As seen in the pyramid shared in appendix 3, we can see just how 'the demand to feel protected as well as out of risk' is at the second degree of requirements. Before a worker can be made to develop psychologically, he needs to have his 'Physical 'as well as 'Safety' needs met.

SWOT Analysis for Technical Note No Assets No Products No Business Plan Risks Associated With Special Purpose Acquisition Companies Case Study



Effects of Analysis.

The OB analysis has actually considered different theories to comprehend just how to cope with the existing scenario at hand. The adhering to 3 alternatives have actually been proposed to aid Lewis manage the organizational difficulties in the advertising division. Each of these choices has actually been proposed for reducing the change needed to bring the advertising and marketing division in accordance with the demands of the marketplace and for making the social modification that would comply with when the current leader leaves.

Combination of marketing and advertising features. Separating Adverting and also Production features. Assimilation of Advertising And Marketing with Procedures.

Analysis of Alternatives.

Integration of Marketing & Advertising Functions: The internal advertising company of Technical Note No Assets No Products No Business Plan Risks Associated With Special Purpose Acquisition Companies is already toughness for the organization in terms of conserving up on expenses related to advertising and marketing as well as promo. Because no brand-new employment has actually been done after Bridget Cole's separation with the coverage line being directly designated to Krasnow for the advertising and marketing feature, this is a desirable possibility for incorporating the advertising and marketing functions. Judith Shapiro that has actually earlier been talked to by Lewis during the earlier merging days has know-how in business-to-business advertising and marketing along with firm and retail advertising and marketing experience. As soon as Krasnow leaves, Lewis can hire Shapiro as an EVP for advertising and marketing to deal with both advertising and marketing functions.

The advantage of this method is that it will certainly integrate both features while reducing the requirement for employing an added source for advertising and marketing. In addition to this, Lewis would be heading the advertising and marketing department and also regardless her substitute would certainly be required for the present function that she is doing. The negative aspect of this choice is that external hiring might produce bitterness from interior employees that may be considering the setting of EVP after Lewis takes control of Krasnow's setting.

Dividing Adverting as well as Production: Offered the competitive stress and top quality job called for from the advertising agency, it is recommended that Lewis needs to permit the manufacturing device to be a separate function from the advertising device. Since a lot of advertising agencies had these two features as separate units, it makes even more feeling to follow the norm. Both functions might be able to concentrate on their core activates much more effectively. Nevertheless, the drawback of this method would be that extra prices would need to be borne for establishing different production features. In addition to this, a production head might need to be employed which could raise overheads for the organization.

Integration of Advertising with Procedures: Since Lewis is already taking treatment of the advertising and marketing as well as procedures divisions at the same time; it makes feeling to incorporate the two functions given that she has been efficiently taking treatment of both ends. The reality that Lewis has to adjust her monitoring design for the advertising department suggests that these 2 departments would be culturally varied.

Suggestion.



An analysis of the 3 alternatives indicates that combination of advertising and also procedures would not be a feasible action due to the large differences in between both departments despite the fact that presently Lewis is managing both. While separation of the manufacturing feature may have been a beneficial action for the advertising and marketing division, the reality that it would indicate positioning a 3rd function under Lewis's wing suggests this should be stayed clear of. The assimilation of the marketing department is the very best choice in terms of getting the ideal arise from the division. An action plan for this option is discussed below.

Activity Plan.
Recommendation
Lewis will take control of the role of EVP Advertising after Krasnow leaves.

Advertising and Marketing features would certainly be merged.

Judith Shapiro will be hired to take Lewis's place as SVP of advertising and marketing.

Production function will certainly stay component of advertising and marketing under marketing feature.

Lewis will divide herself from procedures.

An autonomous leadership design with employee empowerment will certainly be used in marketing division.

Open door policy and also emphasis on cross departmental interaction will certainly be aimed at getting rid of disharmony.

Backup strategy.

If the assimilation does not exercise as planned, a backup strategy would certainly adhere to which would certainly separate the manufacturing function from the advertising function to reduce the load on the SVP of marketing and advertising. In case Judith Shapiro does not obtain employed, Lewis will certainly be heading the advertising and marketing division without an SVP. Because case the production function will absolutely be separated by putting it under an SVP manufacturing.