MBA 755-Reflections on Module 2 Concepts

What long term trends are likely to significantly impact the industry your organization is in over the next three years?

My business is heavily controlled by the various metals markets. Steel, copper, and nickel are some of the primary drivers. As the steel market goes up or down, the volatility has a large impact on our margins and pricing. The trend for steel is hard to predict. The volatility of the market will definitely drive our overall performance.

How could you use the force field analysis tool in your own work life?

The force field analysis allows me to review upcoming market possibilities. Potential product offerings can be reviewed by using this tool so we can determine if the product meets the needs of consumers and the needs of our business. It will help us know if we are making decisions that will grow our business in the future.

How would you go about making a business case for renewal in your own organization?

Using a force field analysis would help identify opportunities. Then, one of the biggest things to do would be a value chain analysis. Reviewing all the elements that are a part of the business chain and analyzing the impact of change/addition. This would be the starting point, drawing up the presentation for the business case… taking a new idea and showing the effect it would have on renewal.

What items would show up as being both urgent and important if you constructed an urgency versus importance matrix related to organizational renewal for yourself? Important but not urgent?

Current issues that would be in quadrant 1 are crises that are affecting the business. The industry is recovering from a recent shortage of helium which affected one of our large selling products. Other elements that are affecting right now are meeting key retailer mandates for technology implementation. Quadrant 2 activities include pursuing backup suppliers for key products such as helium. This is a prevention option in order to not be risking business if another industry shortage takes place.

October 7, 2007 | Filed Under MBA 755 

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