AssignmentSelect one company from the world’s 500 largest companies of Fortune Index(http://fortune.com/fortune500/list/) and choose a recent organisational changedecision that the company took or is...

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AssignmentSelect one company from the world’s 500 largest companies of Fortune Index(http://fortune.com/fortune500/list/) and choose a recent organisational changedecision that the company took or is considering to take (instead of the Fortune Index,a local alternative from another country could be utilised, in case this makes youranalysis easier). Examples of strategic decisions or change initiatives include mergerand acquisitions, restructuring, culture change and expansion of the organisation.Prepare an assignment of 2000 words in length in which you will:Section 1 (20%) (Approximately 400 words).Briefly introduce the organisation that you have chosen to analyse. In this section,your analysis should include, but not be limited to:o The organisation and its structure - overview of the organisation(mission, objectives, areas of operations etc.); background (when it wascreated, how it has developed so far, main achievements, etc.); trackrecord (size and performance).o The market in which the company operates - market position andpotential growth for the company.o Main products/services.o The organisational change decisionExtensive use of appendices for this section is highly advisable so that you can supportand justify your arguments in the main body of our assignment.Section 2 (40%) (Approximately 800 words) Utilising relevant theories analyse, discuss and explain how the leader of thecompany has managed to empower their subordinates regarding the recentdecision or change event. What do you believe they should have donedifferently? Where there any negative consequences?Section 3 (40%) (Approximately 800 words) Utilising one of the organisational change models, evaluate the role of Board ofDirectors or the TMT in in the implementation of the change. Your discussionin this section should include:o Governance and organisation structure; governance policies andprocedures; governing bodies and committeeso The team (history, composition, turnover, remuneration) Make an evaluation of the CEO’s leadership style using leadership theories andconcepts learned in this module. You can use data derived from speeches,communication and annual reports for this purpose. Does the CEO possess theelements/traits of a successful change leader?References- AppendixesImportant Note: the company that you will choose for this assignment can be used inyour final exam.Word count does not include appendices, tables and referencing list. The majority ofthe data should be presented in the appendices.GUIDANCE:Previous experience suggests several important differences between excellent andmediocre written case analyses.Excellent written analyses “tell a story” about a firm’s strategies. Excellent analysesjustify each major point with reference to critical facts in the case. Ideas and conceptsfrom lectures and the readings are incorporated into the discussion as appropriate andin a seamless way. The application of these ideas and concepts often leads to surprising,counter-intuitive analyses and recommendations. At the end of these excellent writtenanalyses, the reader is absolutely convinced of the wisdom of any finalrecommendations.Mediocre written analyses have few of these attributes. Instead of “telling a story”about a firm’s corporate strategies, these analyses simply repeat the facts andassertions contained in the case. Critical facts in the case are ignored or not integratedinto the paper. For example, these mediocre written analyses will often include asummary and cursory analysis of a firm’s profit and loss statement and its balance sheetbut will fail to discuss the strategic implications of these analyses. The authors of thesereports often seem more interested in making sure that every theory or modelmentioned by in the book is mentioned in the report rather than making sure that thereport tells an integrated story about a firm’s strategy. Often, the different parts ofthese mediocre analyses are not linked—almost as if different people wrote differentsections, but no one took the time to bring these sections together, to discuss theimplications of each section for other sections. These written analyses rarely generateany counter-intuitive or surprising analyses or recommendations. At the end of readingthese reports, the reader is only convinced that, in fact, members of the group read thecase. The reader is not convinced about the wisdom of any final recommendations.Certainly, just answering the study questions associated with each case almost certainlydooms a written case analysis to mediocrity.Points for consideration - does my case study have the following traits:• Relevant information presented in a comprehensive and unbiased fashionExplains adequately the application of the relevant frameworks• Accurate information• Appropriate sources/citations• Well-written• Appropriate structure and flow• Selected appropriate scope for firm issues• Present competitive data, company history and/or additional data and supportingdocumentation where needed• Relevant data and issues clearly identified (or embedded in the case) for the reader toidentifyGeneral hints about good practices and common problems to avoid in your paper:• Focus - Strive to develop a small set of actions or tactics that will work together in acoherent manner. By contrast, do not throw all possible ideas into your paper.Creativity is good – and logical consistency for a viable set of actions is just asimportant.• Pay attention to assumptions - You will have to make assumptions in any project. Forinstance, you will likely make assumptions involving: 1) competitive reactions (e.g., ifand how competing firms will respond to actions you consider), 2) the outcome ofvarious company actions (e.g., product development or clinical trial efforts), 3)patient/consumer responses (e.g., whether citing clinical data is enough to convinceend users that an intervention has medical value). Try to make these assumptions asreasonable as possible, and indicate why you think your assumptions are reasonable.Also, try to think through the possible implications for your recommendations if eachassumption is wrong. Above all, make sure that you explicitly identify the assumptionsyou make. An important part of effective strategy is making sure you know what youdon’t know.• Specify your proposals in a concise, yet concrete manner - Put recommendationsinto concrete terms that managers and/or policy makers would understand and be ableto act on. For instance, it is much more direct to specify that a product "should runpatient testimonial advertisements in magazines targeted to medium- to high-incomepeople over 50 years old” than it would be to simply state that the product "shouldengage in direct to consumer advertising."• Balance analytics and creativity - The most rigorous analytical work does notnecessarily lead to a great idea (ideas can be right without being exciting). In parallel,the most creative ideas do not necessarily hold up to analytical scrutiny (ideas can beexciting without being right). In the early phase of your work, try to cycle back and forthbetween brainstorming (for creative ideas) and careful analysis (for correct ideas). Thisis particularly important when you are trying to identify the concrete offering (e.g.,product/service/intervention) that you will evaluate.SourcesUse a combination of sources to back up your arguments. It is important that thesources you use are accurate, thorough and verifiable. Sources that you can use are thefollowing: scholarly, and/or peer-reviewed articles from the online library of the University; articles from the Google Scholar and ssrn.com; books and book chapters; business magazine and newspaper articles; reports from consulting companies, government agencies or institutions; interview and speech transcripts and recordings; personal communicationsAppendicesAn appendix contains material which is too detailed or technical to include in the bodyof the assignment. Appendices are put at the very end of the coursework. Eachappendix should be clearly, neatly and numbered.Appendices are always supplementary to the assignment. Your assignment must beable to stand alone without the appendices, and the paper must contain all informationincluding tables, diagrams, and results necessary to understand thearguments/discussions. The key point to remember when including an appendix is thatthe information is non-essential; if it were removed, the reader would still be ableto comprehend the significance, validity, and implications of your research.It is appropriate to include appendices for the following reasons: Including this material in the body of the paper that would render it poorlystructured or interrupt the narrative flow; Information is too lengthy and detailed to be easily summarised in the body ofthe paper; Inclusion of helpful, supporting, or useful material would otherwise distract thereader from the main content of the paper; Provides relevant information or data that is more easily understood or analyzedin a self-contained section of the paper; Can be used when there are constraints placed on the length of your paper; and, Provides a place to further demonstrate your understanding of the researchproblem by giving additional details about a new or innovative method,technical details, or design protocols.ReferencesAll citations should be supported with appropriate literature sources. Include allreferences with appropriate formatting in the Harvard Referencing Style.
Answered Same DayDec 02, 2021

Answer To: AssignmentSelect one company from the world’s 500 largest companies of Fortune...

Abhishek answered on Dec 28 2021
146 Votes
STRATEGIC MANAGEMENT OF NETFLIX
Table of Contents
Introduction of Netflix    3
Implementation of Decision-Making Theories to Manage Change Event in Netflix    4
Rational Decision Making    4
Vroom-Yetton Decision-Making Model    4
Intuitive Decision-Making Model    5
Utilization of Organizational Change Model    6
Lewin’s Change Management Model    6
Role of Board of Directors in Implementing Changes    7
Conclusion    8
References    9
Appendices    10
Introduction of Netflix
Netflix is one of the American over-the-top (OTT) content platforms and i
t is noted as one of the most significant production companies in the US. Headquarters of this company is situated in Los Gatos within the context of California. In the year 1997, this company was founded by Reed Hastings and Marc Randolph. The primary concern of its business is focusing on subscription-based streaming services (Jenner, 2018). In that case, this company is offering online streaming to its consumers. This company's online streaming services are served from the library of films and television series and that includes those services that are produced in-house.
Based on the overview of the overall business operations of Netflix, it is noticed that this company has approximately 195 million paid subscriptions around the world. The subscribers of this company include approximately 73 million in the United States market (Lobato, 2018). Netflix is offering its online streaming services based on subscriptions in different countries in the global world. In that case, it is noticed that this company is not offering its online streaming services in mainland China, Syria, North Korea and Crimea.
The primary mission is to offer customers stellar services to its subscribers. Based on its mission, the management team of Netflix recognized their suppliers as their valuable partners and investors. Investors and partners of this company are helping in its achievement of sustainable growth with high profits. With that respect, this company's management team promised to set its quest for the delivery of developed services to its consumers by managing values of their partners and the investors.
Generic strategy of Netflix is focusing on managing the competitive advantages of this brand based on the high operational efficiencies and cost-effectiveness within the informational technologies. With that regard, this company aims to entertain the entire world by offering online streaming services (Dias & Navarro, 2018). On this note, they are offering the best class services to its customers by offering easy access to them. Members of Netflix can control what they want to watch according to their schedule to adopt simple subscriptions.
The management team of Netflix is offering customizable experiences at a fair price to its consumers, which helps this company, make its growth process in the business. According to the reports, it is noticed that Netflix added more than 15.8 million subscribers, resulting in the growth of 22 per cent over the year (Elnahla, 2020). This company has acquired approximately $5.77 billion in revenue quarterly through its business.
Implementation of Decision-Making Theories to Manage Change Event in Netflix
Based on the clear analysis of overall organizational operations of Netflix, it is recognized that the management team or the leaders of this company are involving decision making theories to make successful decisions. The management team of this company is trying to innovate in their services, which requires effective changes in this brand's overall structure. In that case, it can be added that involvement of multiple decision-making models offers opportunity in front of the management team of this company to manage its effective changes in the organizational structure according to its needs of innovation. Decision-making theories that are introduced by the leaders of Netflix to manage effective changes in the company are followed under:
Rational Decision Making
The management team of Netflix imposes rational decision-making model to manage its organizational operations according to changes introduced in the company to adopt innovation. Based on the rational decision-making process, leaders of this company identify issues that employees are facing at the time of operating their works in the change model. In that case, it is observed that after identification of the problems that arise with the change process, different criteria have been identified by the management team to mitigate these issues.
After that, the management teams of Netflix describe all the criteria that can reduce these problems in a detailed manner (Hadida et al. 2020). With that respect, associated members of this company have a clear understanding of those alternatives, which helps in evaluating these aspects in the mitigation of the organizational issues effectively. Through this process, Netflix leaders found possible solutions that can suit the change model of this brand to make successful and effective decisions in their organizational operations.
Vroom-Yetton Decision-Making Model
Application of the vroom-Yetton decision-making model in the organizational decision-making process is noted as the most significant decision-making method. On this note, it can be added that this decision-making model is focusing on the structure of the...
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