Share on Facebook Restructuring a business means making changes to the organization structure, operations or finances.
How to Develop a Strategic Plan for Restructuring a Department by Craig Berman - Updated September 26, Reorganizations can be necessary to reflect changing business models or economic conditions, but they can be disruptive to both staff and customers without proper planning and execution.
Developing a strategic plan for a departmental restructuring requires communication throughout the process. When the plan is finally revealed, some may not like the results, but nobody should feel blindsided by them. Form a group of key individuals within the company to serve as an analysis and planning team to think through the business needs surrounding the department and how it should look when the restructuring is completed.
These could be internal customers, external customers or both, depending on the situation. Identify the reasons for the restructuring and how this change will add value to the department and the business.
As you continue to develop the plan, make sure the changes lead your department along this path. Identify the gaps between the actual and desired performance. Determine how the existing structure enables or hinders performance and customer satisfaction.
Redesign processes to help determine the best path for creating a more efficient departmental structure. These revisions should improve customer and stakeholder satisfaction and increase efficiency.
Reducing cost also may be a part of these objectives, but consider this in relation to the process redesign. Determine where the organizational structure needs altering. New positions may need to be created or current positions may need have their roles and expectations clarified.
Assess whether your current staff has the skills and capabilities to meet new roles and requirements. Plan your implementation strategy. Develop a time frame for when this new structure will be installed.
Clarify who in the new departmental structure has decision-making power. Write a new organizational chart and position descriptions to clarify to your staff what their expectations are.
If you need additional staffing, use those position descriptions to help lead you in the right direction. Engage with your human resources department to plan for the transition.
Determine if there are positions elsewhere in the company for those made redundant by the departmental restructuring. Your staff likely will view a restructuring as a means of reducing headcount, so employees may be skeptical of the restructuring.A great business plan is the first step to landing investors and opening your own concept.
Learn how to write a restaurant business plan with these tips. The member-borrower may elect his preferred payment term but not to exceed five years.
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Westinghouse Electric Co., a company that is emerging from a bankruptcy stemming from the half-built AP reactor projects in Georgia and South Carolina, is to be acquired from Toshiba Corp.
by. A small-business owner may undertake restructuring efforts because she does not believe the company is performing up to its full potential. The process starts with creating a restructuring plan. One way to do this is to create a 12 month plan -- a long enough time to make substantial changes and begin to see results.
Use this free template to help you write a great plan for launching your new business. A business plan helps you set goals for your business, and plan how you’re going to reach them. When you’re starting out it’s a good idea to do a full and thorough business plan.
Quick-focus planning to.
No. The webmaster will not forward messages to congressional offices. If you are having problems contacting your representative, you can report the problem using the Contact Webmaster form, write or call your elected representative, or visit the member's website for alternate contact information. New Look, Inc. clothing manufacturer business plan competition and buying patterns. New Look, Inc. is a start-up manufacturer of clothing for fashion-conscious men, ages 20 to A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it. If you jot down a paragraph on the back of an envelope describing your business strategy, you've .