Turning Around A Failing Organization - Assignment Example

Turning Around a Failing Organization Turning things around in a failing organization is indeed a Herculean task and since I have been assigned the task of doing the same, I believe I would initially order for the outdated product lines to be changed at the earliest. This I would do with the consent of the top management domains so that they know exactly what lines I am thinking on and what I have envisioned for the company with regards to the long term standpoint. Interdepartmental communication would be bolstered through picnics and informal sessions whereby employees would be given the chance to share their ideas and get in touch with one another on a one to one level, as well as come in close contact so that their formal working realms get improved with the passage of time.

Corporate funding is one element that I would pay most attention to, the reason being the fact that it has the best chance of bringing in success for the sake of the organization in the strategic perspectives. I would ask the top management to give me a free hand with this point so that success could be achieved within these ranks. The old organizational structure needs to be turned around so that the new structure gets its shape in an amicable way. This can only be done through taking extreme steps like bringing employees in close contact with one another as well as allowing them the right to have their own agendas that can be shared across the board (Marks 2003).

This would make their lives easier as well as allow them to be a part of the strategic vision which would inculcate success at the expanse of the employees’ respect and dignity. I would also check to see whether the decentralized working mechanisms are bringing in the much touted for vision completion or not. If this is not taking place, I will think of going on the centralized approach which shall bear rich fruit for the organization from a strategic standpoint. I would make an effort to analyze the major pointers within the external environment through economic forecasts, expected rate of returns, monetary policy changes and the like.

I would turn this external environment into one of a successful proposition through hard work and commitment and ask of my subordinates to allow me to work hand in hand with the vision that I have for turning the failed organization into a successful one (Klausner & Small 2005). However this would require a great deal of tact and understanding by all concerned and my role has to be of the most essence undoubtedly. As a manager, I would have to bank upon my experience as well as foresight to see things through, so that decisions are made easier and have a very productive value by any stretch of the imagination.

This would allow me to turn around the fortunes of the organization in a very amicable way as well as remove the tag of a failing organization in the end. ReferencesKlausner, M & Small, J (2005). Failing to Govern? Stanford Social Innovation Review, Vol. 3, SpringMarks, M (2003). Resizing the Organization: Managing Layoffs, Divestitures, and Closings: Maximizing Gain while Minimizing Pain. Jossey-Bass