How do you think planning in today’s organizations compares to planning 25 years ago? Do you think planning becomes more important or less important in a world where everything is changing quickly and crises are a regular part of organizational life? Why? 2. In today’s world of change management, how might a corporate management team go about determining whether the company should diversify? What factors should they consider? What kinds of information should they collect? 3. Describe the benefits of using social media to help a start-up gain traction during the early stages of its life cycle. What are some possible disadvantages of using social media? How does change impact the use of social media? 4. Social entrepreneurship is a growing phenomenon. Do you believe that for-profit businesses can have a social mission? Should they do so, if it means hurting profits? How does social entrepreneurship impact the change process? 5. Entreprenuers make goals for success. Goals that are overly ambitious can discourage employees and decrease motivation, yet the idea of stretch goals is proposed as a way to get people fired up and motivated. As a manager, how might you decide where to draw the line between a “good” stretch goal and a “bad” one that is unrealistic and how does this impact change in the organization? 6. You are a middle manager helping to implement a new corporate cost-cutting change strategy, and you’re meeting skepticism, resistance, and in some cases, outright hostility from your subordinates. In what ways might you or the company have been able to avoid this situation? Where do you go from here? –

 

Question 1

The modern planning in organizations comprises of people who strategically network together and collaborate towards accomplishing an institution’s missions and visions as compared to the plan that was carried out 25years ago. Proper organizational planning is essential in the surrounding where everything is changing at a faster rate as technological advancement typically improves with time thus requires adequate planning strategies that will incorporate the new changes in the business environment. Also, appropriate planning is significant in the competitive business environment that continually increases with the change of time.

Question 2

It is evident that one of the most challenging decisions that an organization can deal with is whether to diversify or not (Dacin & Matear, 2010). A company’s corporate management might decide to expand after proper scrutiny of essential information including the rate of return calculations, market forecast, and competitive evaluation. The institution must get to understand its unique and unassailable competitive advantage before trying to apply them elsewhere as this is an essential consideration in business diversification. Moreover, the corporate team has not only to consider what the institution does but also about what the business does better than its competitors. Therefore, a company’s diversification should not be made on the grounds of a broad business definition but rather on the foundation of a realistic discovery of strategic resources.

 

Question 3

Currently, several businesses have resolved to use social media in carrying out their product advertisement that is effective for any organization that explores digital marketing strategy and marketing advantage. Social media platforms such as Instagram and Snapchart have recently emerged, and a majority of consumers tend to be familiar with these sites thus capturing their attention and enhancing the brand visibility. Social media also allows for instant feedback from the industry thus improving the brand reputation. However, there are disadvantages associated with the social media such as committing resources in managing the social media presence, giving a timely response and coming up with new content. Change can have an impact on social media as people will be exploring the emerging sites thus leaving the earlier sections.

Question 4

Social entrepreneurship is the constant use of start-up industries and other related entrepreneurs in the development, funding and implementing solutions to social, cultural, or environmental problems. Personally, for-profit need to have a social mission that is essential in the motivation process as the employees are more likely to care and get motivated to do well. Having the social purpose is very significant in the business environment as the advantages outweigh the adverse effects. Social entrepreneurship strategically tries to further broad social, cultural and environmental objectives regularly involved with the voluntary sector (Goetsch & Davis, 2014). Social enterprise also allows social entrepreneurs to communicate with many people who are not close yet shares the same goals.

Question 5

Coming up with institutional goals may seem to be a simple task, but when one is accountable for the purposes, the situation gets super essential to get it right. The process of coming up with reasonable goals need the SMART technique that designs good intentions become specific, measurable, attainable, relevant, and timely (Cameron & Green, 2015). A good goal must be specific in that it must try to provide feedback to the why, what, who, how and where the type of questions. It should also have a numeric value thus making the company measure its progress as this is essential in making the employees stay on track and get motivated.

Question 6

It essential for any company cutting the cost to deeply consider restructuring the business with the aim of taking advantage of the existing and projected marketplace trends or through mitigation of threats; for instance, consolidating with the competitors. The essential part of the analysis is getting to understand the institution’s financial status and the range of potential results under various external economic conditions. However, in a hostile situation, there is the need for the top managers to come up with a proper mechanism on the manner in which this strategy will be implemented with the corporation of all employees and stakeholders.  

 

References

Cameron, E., & Green, M. (2015). Making sense of change management: A complete guide to the models, tools and techniques of organizational change. Kogan Page Publishers.

Dacin, P. A., Dacin, M. T., & Matear, M. (2010). Social entrepreneurship: Why we don’t need a new theory and how we move forward from here. The academy of management perspectives, 24(3), 37-57.

Goetsch, D. L., & Davis, S. B. (2014). Quality management for organizational excellence. Upper Saddle River, NJ: pearson.