Description
In this assignment, you will explore group dynamics, team building, team roles, norms and team rules. By understanding how teams work effectively within an organization and how individuals work effectively within teams, you will gain greater insight into how to function effectively within a team.
Review Ch. 8, 10, and 12 located in the textbook.
Scenario: You have worked at your current employer for five years. Recently your company merged with a much larger Boston Accounting Firm to improve efficiencies, increase revenues, cut costs and adopt best practices in the industry. After the merger, you find yourself on a team of four other individuals whom you have never met. Each individual is from a different department: Auditing, Tax, Corporate Governance, Legal, and Insurance. The purpose of your team is to downsize your department in terms of employees.
Create a 10-slide restructuring/downsizing plan presentation, with speaker notes included, which can be used in each department. The plan should answer the following questions:
- Why is the change needed?
- What will change?
- Who will be affected?
- How will they be affected?
- How will potential conflict be managed?
- How will trust be strengthened or repaired?
- How will power be shared in the organization after the restructuring/downsizing?
- What tactics will be used to achieve a successful restructuring/downsizing transition? What tactics will be avoided?
- What are the benefits of the planned changes?
- What is the timeframe of implementation?
- How will changes be communicated to the employees?
Write up a 175-word company-wide memo that can be used by the CEO to communicate the change plan to the employees.
Cite a minimum of 2 references. One of the references must be the course textbook.
Format your assignment consistent with APA guidelines.
Explanation & Answer
Attached.
Restructuring Plan
Presentation
Name
Institution
Introduction
• Merging is an act of combining companies or assets with an aim of
enhancing quick growth, being competitive in the market, to increase
shares or even stimulate the chains of supply.
• A merger defines two firms combining, where one firm is absorbed into
the other and ceases to exist.
• Acquisition, on the other hand, is where the company with more shakes in
the target firm retains the name and structure.
Why is change needed?
•
•
•
•
To enhance value creation
To allow diversification
Acquiring assets
Financial capacity increase
What will change and who will be affected?
What will change includes:
• Management change
• Structural change
• Employees change
The people affected include:
• The employees who just got assimilated to new departments
• The managers will be affected
How will they be affected?
• The employees who will have been taken to a different department from the one they were working in
the other company because it will take them a period of time before they adapt to the new department and
the rules...
Review
Review
